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Thermo Fisher Scientific Stock Surges 8.71% After Strong Q2 Earnings Beat and Raised Full-Year Guidance

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NovoCure

Shares of Thermo Fisher Scientific jumped Thursday after the life sciences giant reported stronger-than-expected second-quarter results and raised its full-year financial guidance, reversing a multiday slide that had followed disappointing results from industry peer Danaher earlier in the week.

Thermo Fisher shares closed Thursday at $572.32, up $45.86, or 8.71%, on the day. The rally began well before the opening bell, with shares adding roughly 5% in premarket trading after the company released its results.

A strong quarter across the board

Thermo Fisher reported second-quarter revenue of approximately $12.0 billion, roughly 10% higher than the same period a year earlier and about $300 million ahead of Wall Street’s consensus expectations. Adjusted earnings per share came in at $6.03, surpassing analyst forecasts by roughly $0.30. Bloomberg reported that the results were driven by stronger-than-expected spending from biotech and pharmaceutical customers, along with a broader rebound in demand for laboratory instruments.

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The clearest signal of that demand recovery came from Thermo Fisher’s Analytical Instruments segment, which posted its fastest growth rate in two years. Segment revenue rose 6.9% to $1.8 billion, according to Bloomberg, a notable turnaround after the segment had remained flat in the first quarter. According to earnings call commentary reported by Yahoo Finance, all three businesses within that segment posted growth, led by electron microscopy, with adjusted operating income up 30% and adjusted operating margin expanding by 420 basis points to 23.0%.

Thermo Fisher’s Specialty Diagnostics division also contributed to the strong quarter, with revenue increasing 6% on a reported basis and 5% organically, driven by growth in the healthcare market channel, immunodiagnostics and transplant diagnostics. Adjusted operating margin in that segment rose 70 basis points to 27.7%.

Raised guidance for the year

Building on the stronger quarter, Thermo Fisher raised its full-year 2026 revenue guidance to a range of $47.4 billion to $48.1 billion, representing 6% to 8% reported revenue growth over 2025. The company also lifted its adjusted earnings-per-share guidance to a range of $24.93 to $25.33, an increase of $0.25 at the midpoint from its previous guidance range of $24.64 to $25.12.

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According to GenomeWeb, Thermo Fisher’s chief financial officer, Stephen Meyer, said the revised earnings midpoint reflects $0.30 from second-quarter outperformance and an additional $0.05 from a higher second-half revenue outlook, partially offset by roughly $0.05 tied to the pending divestiture of the company’s microbiology business. That transaction, announced in April, is expected to close during the third quarter and will reduce full-year 2026 revenue by approximately $200 million and adjusted earnings per share by $0.05.

Recovering from a rough week

Thursday’s rally marks a sharp reversal from a stretch of weakness that had weighed on Thermo Fisher’s stock in the days leading up to its earnings report. According to Seeking Alpha, shares had declined over multiple sessions following a lower-than-expected outlook from peer company Danaher, which had raised broader concerns among investors about demand across the life sciences tools and diagnostics sector. Danaher shares themselves rose roughly 5.5% on Thursday, benefiting from the same wave of positive sentiment following Thermo Fisher’s results.

Analyst reaction

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Thursday’s earnings beat prompted several Wall Street firms to raise their price targets on Thermo Fisher shares. Baird lifted its target to $652 while maintaining an Outperform rating, according to StocksToTrade, while the broader Street’s average price target sat near $595 to $603, still implying room for further upside from Thursday’s closing price, according to multiple analyst compilations. Deutsche Bank had issued a short-term “Catalyst Call: Buy” rating on the stock ahead of the earnings report, with a $630 price target, characterizing recent negative sentiment around the stock’s growth trajectory as an attractive setup heading into results.

Thermo Fisher management also announced it would hold its quarterly dividend steady at $0.47 per share, while separately expanding an advanced-therapy manufacturing partnership with Arcturus Therapeutics, a move analysts pointed to as reinforcing the company’s longer-term growth strategy beyond the immediate earnings beat.

A closely watched name in life sciences

Thermo Fisher describes itself as the world’s leading company serving the science industry, with annual revenue exceeding $45 billion and a portfolio of well-known brands including Thermo Scientific, Applied Biosystems, Invitrogen, Gibco, Fisher Scientific, Unity Lab Services and Patheon. The Waltham, Massachusetts-based company supplies instruments, reagents, diagnostics tools and pharmaceutical services to research institutions, hospitals, biotech firms and pharmaceutical manufacturers globally.

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Given that scale, Thermo Fisher’s quarterly results are often closely watched as a broader indicator of spending trends across the life sciences and diagnostics industry as a whole, making Thursday’s strong showing, coming just days after Danaher’s more cautious outlook, a notable signal that demand across the sector may be stabilizing after a period of softer instrument spending among biotech and pharmaceutical customers.

With guidance now raised and momentum building in its Analytical Instruments and Specialty Diagnostics segments, investors will be watching Thermo Fisher’s execution through the second half of the year, particularly as the pending divestiture of its microbiology business closes in the third quarter. The company’s next major update is expected with its third-quarter results later this year, which will offer a clearer picture of whether the demand recovery highlighted in Thursday’s report continues to build or proves to be a more temporary rebound following a period of softer instrument spending across the broader life sciences sector.

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Business

Today’s Puzzle Number 1,141 Fully Solved

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Nancy Guthrie

Sunday’s New York Times Connections puzzle offered a relatively gentle challenge, according to solvers and puzzle trackers, with one weather-themed category proving the biggest stumbling block for players working through today’s grid. Here’s a full breakdown of today’s puzzle, along with hints for anyone still working through it before checking the answers.

How Connections works

Connections, one of the Times’ most popular daily word games alongside Wordle, presents players with 16 words or short phrases that must be sorted into four hidden groups of four. Each group shares a connection — sometimes a straightforward category, other times a wordplay trick or shared cultural reference — and the puzzle rates each group by difficulty using color coding: yellow for the most straightforward group, followed by green, then blue, and finally purple for the trickiest and most conceptual connection. The game resets daily at midnight in each player’s local time zone.

Today’s category hints

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For players who want a nudge before seeing the full solution, today’s puzzle broke down as follows. The yellow group centered on early childhood milestones — moments parents typically celebrate during a baby’s development. The green group involved once-common gadgets and formats that, while nostalgic, would no longer be considered cutting-edge technology today. The blue group gathered different expressions for rainy weather, ranging from familiar phrases to more old-fashioned or regional terms. The purple group, as usual the hardest of the four, hinged on multiple meanings of a single short word rather than a spelling trick, requiring players to think broadly about the many things that can be described as a “shell.”

Today’s Connections answers

With the hints out of the way, here is the complete solution to Sunday’s puzzle:

The yellow group — developmental milestones — consisted of CRAWLING, FIRST WORDS, ROLLING OVER and SOLID FOOD.

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The green group — outdated or nostalgic technology — consisted of BLACKBERRY, DISCMAN, DVD PLAYER and PLASMA TV.

The blue group — ways to describe rain — consisted of APRIL SHOWERS, LIQUID SUNSHINE, SCOTCH MIST and WET WEATHER.

The purple group — things that can be called a “shell” — consisted of CARAPACE, GAS STATION, PASTRY CRUST and ROWING BOAT. The connection ties together a tortoise’s carapace, the Shell gas station brand, a pastry shell used in baking, and a rowing shell, the traditional term for a narrow racing boat.

A puzzle that rewarded pattern recognition

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According to Forbes contributor Erik Kain, who tracks the puzzle’s daily difficulty rating through the Connections Bot scoring system, Sunday’s grid rated a 1 out of 5 on the difficulty scale, putting it among the easier puzzles the Times has published recently. Kain suggested solving the categories in the order yellow, green, blue and purple offered the smoothest path through the grid, noting the puzzle balanced simple verb-based groupings with trickier conceptual links that became clear only after ruling out the more obvious categories.

TechRadar’s Johnny Dee, who also covered the puzzle, said several of the entries caught him off guard before he worked out the connection, particularly the “shell” theme tying together unrelated-looking words. Describing his early confusion over one of the trickier entries, Dee wrote, “I thought CARAPACE was an Ecuadorian cyclist,” before realizing the word’s more literal meaning as a hard protective shell. He also noted that “liquid sunshine” struck him as an unusual way to describe rainy weather, despite it being one of several regional or colloquial synonyms grouped in the blue category.

Strategy for future puzzles

Puzzle trackers who cover Connections daily generally recommend a similar approach: start by identifying the group that feels most obvious, since locking in a confident answer early reduces the number of remaining words to sort through. From there, players are encouraged to look for structural patterns, such as words that could belong to multiple categories, before committing to their final guesses. Purple groups in particular tend to reward players who look past a word’s most literal or common meaning, since the Times frequently uses that slot for puzzles built around double meanings, wordplay or less obvious cultural references, as Sunday’s “shell” theme demonstrated.

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A companion puzzle, Connections: Sports Edition

Sunday also brought a new installment of Connections: Sports Edition, a spinoff of the main puzzle launched by the Times for sports-focused solvers. According to Parade, puzzle number 671 organized its four groups around Ohio-based sports organizations, terms associated with boats, identifiers tied to America’s pastime — a common nickname for baseball — and hockey-related organizations. As with the standard Connections puzzle, the Sports Edition resets daily at midnight and uses the same yellow-green-blue-purple difficulty structure.

Part of a growing puzzle lineup

Connections has become one of several daily games the Times uses to drive its Games subscription business, alongside Wordle, Strands, the Mini Crossword and the newer Connections: Sports Edition. The core Connections puzzle debuted in 2023 and has since built a dedicated daily following, with solvers frequently sharing their results — without spoiling specific answers — using the game’s colored emoji grid, a format that mirrors the viral sharing behavior that helped make Wordle a cultural phenomenon in the years prior.

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Players who want to track their performance over time, or who missed today’s puzzle and want to catch up, can access past Connections grids through a Times Games subscription, which also unlocks the full daily archive across the paper’s other word and logic puzzles.

For now, Sunday’s puzzle closes out as a comparatively easy one by recent standards, according to Forbes’ difficulty tracking, giving players a smoother path to a completed grid heading into the new week.

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WisdomTree: Prospects Dimmed By Hormuz Crisis Reigniting

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My Dividend Stock Portfolio: New February Dividend Record - 100 Holdings With 12 Buys

WisdomTree: Prospects Dimmed By Hormuz Crisis Reigniting

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Exclusive | Prediction-Markets Race Heats Up as Robinhood and Crypto.com Hold Talks

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Exclusive | Prediction-Markets Race Heats Up as Robinhood and Crypto.com Hold Talks

Robinhood HOOD Markets might have found another dance partner in the prediction-markets business.

The company is in talks with digital-currency exchange Crypto.com to expand the brokerage firm’s foothold in prediction markets, according to people familiar with the matter. 

Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

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This Is When the Federal Debt Actually Matters

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This Is When the Federal Debt Actually Matters

This Is When the Federal Debt Actually Matters

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We Went to the Boot Camp Where KPMG Teaches Auditors to Think Critically

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We Went to the Boot Camp Where KPMG Teaches Auditors to Think Critically

ORLANDO, Fla.—Minutes into the assignment, the teams lose a member. Management needs them for another project. Design a logo. Don’t use the color blue. Only senior associates can use scissors. Except all the senior associates are out sick. Make it an animal corresponding to a KPMG founder. Make sure the lion or owl is in business attire.

So went the training exercise for KPMG summer interns.

In a new program this summer, KPMG brought nearly 1,000 of its audit and assurance interns to the accounting firm’s sprawling $450 million training facility near the Orlando, Fla., airport for several days of training in critical thinking and judgment. The logo challenge was one of several exercises designed to use those skills, alongside a scavenger hunt and a whodunnit fraud exercise. 

The purpose isn’t fun and games. Accounting jobs are among the most vulnerable to artificial-intelligence capabilities. KPMG estimates that, in two to three years, no humans will perform routine testing of things like payroll and revenue contracts. 

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Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

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Primark cuts prices as it feels pressure from Shein and Temu

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Shoppers, not in focus, walk past a Primark store in London

“Primark isn’t as cheap any more.”

It is something I keep hearing shoppers say when I ask them whether they shop at the fast-fashion giant.

“It’s definitely got more expensive,” says 19-year-old student Eshal Malik as she browses the jewellery at Primark with a friend.

But that might be about to change. Primark said on Monday that it was lowering prices on hundreds of clothing items, including jeans, jumpers and socks.

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“It’s the kind of headline you’d expect from M&S or Next,” says retail analyst Natalie Berg, explaining that price cuts like this from such a low-cost retailer are surprising.

“You don’t want to join a race to the bottom,” she says. “But when Shein is selling dresses for £3, you’ve got to respond, right?”

Primark, which has more than 190 UK stores, has been experiencing a drop in like-for-like sales, a key measure in the retail industry.

The announcement of price cuts comes ahead of parent company Associated British Foods’ plan to spin off the business onto the London stock market next year.

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The level of competition among fashion retailers has “evolved dramatically” over the past few years, and Chinese online marketplaces Shein and Temu are now competing for Primark’s customers, says Berg.

But there is also competition from other online retailers like TikTok Shop and Vinted, she says.

By slashing prices on some core items, Primark is likely hoping to woo shoppers with low-cost staples, in the same way that supermarkets attract customers with cheap milk and bananas, Berg says.

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SpaceX Lands With a Thud

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SpaceX Lands With a Thud

SpaceX Lands With a Thud

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Flash PMIs Signal Faster Growth Across Developed Economies, Price Concerns Cloud Outlook

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Flash PMIs Signal Faster Growth Across Developed Economies, Price Concerns Cloud Outlook

IHS Markit (Nasdaq: INFO) is a world leader in critical information, analytics and solutions for the major industries and markets that drive economies worldwide. The company delivers next-generation information, analytics and solutions to customers in business, finance and government, improving their operational efficiency and providing deep insights that lead to well-informed, confident decisions. IHS Markit has more than 50,000 key business and government customers, including 80 percent of the Fortune Global 500 and the world’s leading financial institutions. Headquartered in London, IHS Markit is committed to sustainable, profitable growth.

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Marvel announces ‘Ghost Rider’ and ‘Black Panther 3’ at Comic-Con

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Marvel announces ‘Ghost Rider’ and ‘Black Panther 3’ at Comic-Con

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Vertu in pole position as one of the UK’s Top 100 Apprenticeship Employers

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Business Live

Vertu emerged as as the highest-ranked automotive retail group on the high profile list

Some of Vertu's apprentices with senior management

Some of Vertu’s apprentices with senior management(Image: Matt Roberts)

Gateshead vehicle retail giant Vertu Motors plc has been recognised as one of the UK’s Top 100 Apprenticeship Employers for 2026. The firm was the highest-ranked automotive retail group on the national rankings, compiled by the UK Government and HIGHERiN.

The list celebrates organisations across England that demonstrate a strong commitment to apprenticeships through achievement, opportunity and apprentice experience. Bosses at Vertu say its inclusion recognises its success in consistently delivering across all three categories, reinforcing its focus on developing future talent within the business.

The Top 100 and Top 50 SME Apprenticeship Employer lists assess employers on successful completion rates, the breadth and accessibility of opportunities offered – particularly to young people – and the quality of the apprentice experience, as reflected in feedback and reviews.

The company currently supports 285 apprentices, including 12 undertaking degree-level apprenticeships. The group works in partnership with 16 training providers to deliver 26 apprenticeship standards, ensuring skills development aligns with the operational needs of the business.

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In the last financial year, 130 apprentices successfully completed their programmes. During the same period, Vertu welcomed over 50 new apprentices, with a further cohort joining in the current financial year to date.

Robert Forrester, chief executive of Vertu, said: “This recognition highlights the work being done across the business to create meaningful career pathways for young people and older colleagues who are looking to expand their skills and grow within the company.

“Apprenticeships play a vital role in shaping our future workforce, and it is encouraging to see those efforts acknowledged at a national level. Our apprenticeship scheme is focused on giving people the opportunity to gain skills, qualifications and experience that puts them on the road to a rewarding career within the automotive sector.

“Apprenticeships bring fresh perspectives and energy into the organisation, while also supporting colleagues to progress and build long-term careers. The breadth of programmes we offer ensures people can develop in a wide range of roles, from technical specialisms through to leadership pathways.

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“In fact, we have a number of colleagues who started on our Degree Apprenticeship programme over recent years who have already developed into management level roles across the Group. We are confident that there will be many more over the coming years.”

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