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  • New malaria treatments show promise as drug resistance grows

    New malaria treatments show promise as drug resistance grows

    NEW YORK (AP) — Researchers on Wednesday reported two promising new approaches to counteract malaria’s growing resistance to medication — one involving a new class of drugs.

    Switzerland-based Novartis…

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  • Common gout drug shows promise in preventing heart attacks and strokes

    Common gout drug shows promise in preventing heart attacks and strokes

    A widely-used, inexpensive gout drug could reduce heart attacks and strokes in people with cardiovascular disease, according to a new Cochrane review.

    The review examined the effects of low doses of colchicine, a drug used to treat…

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  • Huntsman Cancer Institute advances interventional radiology with new angio CT suite

    Huntsman Cancer Institute advances interventional radiology with new angio CT suite

    Huntsman Cancer Institute at the University of Utah (the U) has opened its first specialized angiography-CT suite to enhance treatment options offered in interventional radiology, a field of medicine that uses imaging to conduct…

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  • EDP Aims to Invest $2 Billion in Asian Green Projects by 2030 – Bloomberg.com

    1. EDP Aims to Invest $2 Billion in Asian Green Projects by 2030  Bloomberg.com
    2. EDP presents its 2026-28 Business Plan seizing the unique opportunity to invest in electrification  EDP Global
    3. EDP CEO: 70% of investment aimed at U.S. renewables to meet data demand  MSN
    4. Portugal’s EDP to invest $14 billion through 2028 but earnings targets disappoint  Reuters
    5. Europe signals a new green wave as major renewable energy investments accelerate  Latest news from Azerbaijan

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  • Cisco’s stock climbs as AI networking demand drives earnings beat

    Cisco’s stock climbs as AI networking demand drives earnings beat

    By Christine Ji

    Surging demand for Cisco’s AI networking equipment and a ‘multi-billion-dollar’ refresh in its legacy business sparked upbeat results and guidance

    Cisco reported $1.3 billion in AI-infrastructure orders from hyperscaler customers for the first quarter.

    Cisco Systems Inc. on Wednesday delivered a strong earnings beat for its October quarter, thanks to continuing artificial-intelligence demand for its products, as well as an upgrade cycle in its legacy business.

    Shares of Cisco (CSCO) jumped 7.5% in after-hours trading, as the company’s outlook also topped expectations.

    The latest results showed that the provider of networking equipment and services grew revenue by 8% in its fiscal first quarter, to $14.9 billion. That exceeded FactSet consensus estimates for $14.8 billion.

    Cisco has taken advantage of the AI boom with its custom-designed Silicon One chips, which power the company’s advanced routers and switches. Increased demand from “Magnificent Seven” AI-infrastructure builders, neoclouds and sovereign clouds have all led to incremental AI revenue.

    The company reported that its networking product orders grew at a double-digit rate for the fifth consecutive quarter, and AI infrastructure orders from hyperscaler customers totaled $1.3 billion.

    Adjusted earnings for the quarter were $1 a share, beating consensus estimates of 98 cents a share and marking a 10% year-over-year increase. Cisco also returned $3.6 billion to shareholders through $2 billion in stock buybacks and $1.6 billion in dividends. The company declared a quarterly dividend of 41 cents.

    “We had a solid start to fiscal 2026, and Cisco is on track to deliver our strongest year yet,” Chuck Robbins, the company’s chair and CEO, said in a statement. “The widespread demand for our technologies highlights the critical role of secure networking and the value of our portfolio as customers move quickly to unlock the potential of AI.”

    For the current quarter, Cisco guided for revenue of between $15 billion and $15.2 billion, well above the $14.6 billion consensus view. For the full year, Cisco anticipates revenue between $60.2 billion and $61.0 billion, exceeding Wall Street analyst expectations of $59.6 billion.

    The strong quarter could prove to be a fresh catalyst for the stock. Shares of Cisco have rallied 25% year to date, but the stock has only risen 5% since Cisco last reported on Aug. 13.

    Although the company has been a beneficiary of the AI-infrastructure boom, Citi analyst Atif Malik expressed skepticism prior to the report, writing in a note last week that there are “intensifying competitive pressures in switching and routing.” Malik still rated Cisco’s stock a buy, with a price target of $80.

    Meanwhile, UBS analyst David Vogt upgraded the stock to buy from neutral and increased his price target to $88 from $74 last week. Not only does Cisco face surging AI infrastructure demand, but Vogt also saw catalysts in an upcoming cycle of office network upgrades and momentum in the security business.

    Vogt’s predictions were proved right on Wednesday, as Cisco reported that a “major multi-year, multi-billion-dollar campus networking refresh cycle” is under way, with all campus networking technologies seeing accelerated order growth in the first quarter.

    Also read: 10 stocks that let you invest like Nvidia in the next hot AI trade

    -Christine Ji

    This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

    (END) Dow Jones Newswires

    11-12-25 2035ET

    Copyright (c) 2025 Dow Jones & Company, Inc.

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  • Ultra Music Festival 2026 Adds 70-Plus Artists With Phase 2 Lineup

    Ultra Music Festival 2026 Adds 70-Plus Artists With Phase 2 Lineup

    Ultra Music Festival today (Nov. 12) added more than 70 news acts for the 2025 edition with the announcement of its phase two lineup.

    Joining the bill are Martin Garrix and Alesso, who will play b2b in a headlining slot, the first ever…

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  • Ancient eggshells shed new light on crocodiles that hunted prey from trees

    Ancient eggshells shed new light on crocodiles that hunted prey from trees

    Scientists say they have unearthed Australia’s oldest known crocodile eggshells, a discovery that could shed light on ancient reptiles that may have hunted prey by dropping on them from trees.

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  • Sri Lanka to continue cricket tour of Pakistan despite players raising security concerns

    Sri Lanka to continue cricket tour of Pakistan despite players raising security concerns

    Sri Lanka’s Maheesh Theekshana (C) celebrates with teammates after taking the wicket of Pakistan’s Hussain Talat (L) during the first one-day international (ODI) cricket match between Pakistan and Sri Lanka at the Rawalpindi…

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  • Collaborative effort advances next-generation therapies for pancreatic and GI cancers

    Collaborative effort advances next-generation therapies for pancreatic and GI cancers

    Last year, researchers at the University of California, Riverside, developed a novel “molecular crowbar” strategy to degrade the oncogenic enzyme Pin1, a protein that is overexpressed in many tumors including pancreatic cancer….

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  • Pakistan Parliament Approves Amendment Giving Asim Munir Expanded Powers, Lifetime Immunity | World News

    Pakistan Parliament Approves Amendment Giving Asim Munir Expanded Powers, Lifetime Immunity | World News

    Last Updated:

    The National Assembly approved the bill with more than a two-thirds majority, with only four lawmakers opposing it.

    Pakistan Army chief Asim Munir (Image: AFP/File)

    Pakistan Army chief Asim Munir (Image: AFP/File)

    Pakistan’s parliament on Wednesday…

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