Today in 3 minutes or less:

1. Lululemon Athletica Inc. Reports Strong Q1 Fiscal 2024 Results and Announces $1.0 Billion Stock Repurchase Increase ($LULU)

2. NotebookLM Expands Globally with Enhanced Features and Improved Fact-Checking ($GOOG)

3. ESG News of the Day: Microsoft Launches Cybersecurity Program to Safeguard Rural Hospitals from Rising Attacks ($MSFT)

4. Interview of the day: Michael Dell, Jensen Huang and Bill McDermott on New AI Factories

1. Lululemon Athletica Inc. Reports Strong Q1 Fiscal 2024 Results and Announces $1.0 Billion Stock Repurchase Increase ($LULU)

• Lululemon's Q1 fiscal 2024 revenue grew by 10% to $2.2 billion.

• The company experienced a significant rise in international sales, up 35%.

• The board approved a $1.0 billion increase in the stock repurchase program.

• Diluted EPS improved to $2.54 from $2.28 year-over-year.

• Q2 Fiscal 2024 Expectations:

  • Net Revenue: $2.400 billion to $2.420 billion (growth of 9% to 10%)

  • Diluted EPS: $2.92 to $2.97

  • Tax Rate: Approximately 30%

Source: Lululemon Athletica inc.

2. NotebookLM Expands Globally with Enhanced Features and Improved Fact-Checking ($GOOG)

NotebookLM, an AI-powered research assistant by Gemini 1.5 Pro, now reaches over 200 countries.

• Enhanced Source Support: New upgrade includes support for Google Slides and web URLs, in addition to Google Docs, PDFs, and text files.

• Improved Fact-Checking: Inline citations link directly to passages in sources, aiding easy verification and deeper research.

• Multimodal Capabilities: Users can query images, charts, and diagrams, with NotebookLM providing citations to visual elements as evidence.

Source: Google LLC

3. ESG News of the Day: Microsoft Launches Cybersecurity Program to Safeguard Rural Hospitals from Rising Attacks ($MSFT)

• Rising Cyberattacks: Healthcare sector saw a 130% rise in ransomware attacks in 2023, with rural hospitals being major targets.

• Program Details: Microsoft offers free and low-cost cybersecurity services, including up to 75% discounts and one year of free advanced security.

• Support Measures: Program includes free Windows 10 security updates, cybersecurity assessments, and training for hospital staff.

• Collaborations: Announced with The White House, American Hospital Association, and National Rural Health Association for broader rollout and effectiveness.

Source: PRNewswire

4. Interview of the day: Michael Dell, Jensen Huang and Bill McDermott on New AI Factories

Short updates on your favorite stocks & markets

• Bond Markets Priced in EU Vote Ahead of Results. BN

• Apollo's co-president said it is one of the few private equity firms OK with higher rates. CNBC

• Private equity and professional services firms face HMRC crackdown. FT

• Synapse bankruptcy trustee says $85 million of customer savings is missing in fintech meltdown. CNBC

• European banks are making heady profits in Russia. TE

• The rise and rise of fashion giant Shein. BBC

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