Commercial drone usage in agriculture, industrial inspection and public safety will take off after favorable U.S. government regulations are announced by late 2016, becoming a “multibillion-dollar” market by 2020, forecasts Piper Jaffray in a research report. Piper Jaffray estimated the commercial drone market at about $650 million in 2014. If U.S. regulators open up the skies to commercial drones by late 2016, “we believe the UAV (unmanned aerial
For Intel CEO Brian Krzanich, his company’s $16.7 billion acquisition of programmable chipmaker Altera, finally made official early Monday, is “closely aligned” with Intel’s aggressive push into new growth markets. Integrating Altera’s (ALTR) field-programmable gate arrays will help Intel (INTC) sell more Xeon server chips to cloud-computing customers and also boost Intel’s offerings in the growing Internet of Things market, particularly in
The year’s biggest cancer meeting brought a raft of updates in the hot oncology market, sending stocks moving as Wall Street sorted out the winners and losers. The biggest upside surprise from the American Society for Clinical Oncology meeting in Chicago, which ends Tuesday, probably came from ImmunoGen (IMGN), a beleaguered biotech that came back to life thanks to its antibody drug conjugate (ADC) mirvetuximab soravtansine, or IMGN853. The drug’s