Baxter Worldwide on Monday named Andrew Hider, chief government of Canadian automation options agency ATS Corp., its new CEO. 

Deerfield, Illinois-based Baxter (BAX), a medical gear firm with a market capitalization of roughly $15 billion, mentioned Hider would “assume his duties at Baxter no later than Sept. 3, 2025, or an earlier date pending completion of his present employment commitments.” Brent Shafer, who has served as interim CEO at Baxter since February, will stay board chair as soon as Hider assumes his position.

Cambridge, Ontario-based ATS (ATS) mentioned Hider, its CEO since 2017, could be stepping down “to pursue a brand new management alternative exterior the automation business.” It added that Hider’s departure “is predicted to be by the tip of August on a date to be decided by the Board,” and that CFO Ryan McLeod would function interim CEO upon his exit.

Shares of each corporations fell on Monday afternoon, with these of Baxter declining by greater than 4% and people of ATS dropping by about 8.3%. Baxter inventory stays barely optimistic for the yr however ATS shares moved into adverse territory for 2025 on the information.

Chime (CHYM), the web banking startup that made its debut on the Nasdaq final month, obtained a bullish ranking from Morgan Stanley analysts Monday, citing its potential for quick income development.

The financial institution initiated protection of Chime with an “obese” ranking and $39 value goal. Chime shares rose about 1% Monday to shut close to $32, with Morgan Stanley’s goal suggesting over 20% upside. The inventory has climbed roughly 17% from its initial public offering value of $27.

Morgan Stanley mentioned Chime has proven a “confirmed capability” to turn out to be the first banking account for its clients, and broaden its consumer base. The analysts mentioned they’re “optimistic about Chime’s capability to keep up quick income development and pretty constant margin enlargement,” significantly with shopper card spending on the rise amongst folks with annual incomes underneath $100,000—a key demographic for the corporate.

Morgan Stanley is extra bullish on the fintech agency’s inventory than analysts at UBS, Goldman Sachs, and Deutsche Financial institution, which initiated protection with impartial scores. In a notice to shoppers Sunday, Deutsche Financial institution raised issues about “the macro-sensitive nature” of Chime’s core demographic and a aggressive setting for firms providing a substitute for conventional banks.

Goldman Sachs famous that Chime will not be worthwhile till 2026 on the earliest. “We consider the shortage of profitability is an overhang within the close to time period, and see valuation as considerably full at present ranges,” the analysts mentioned. UBS and Deutsche Financial institution issued value targets of $35, whereas Goldman gave it a goal of $34.

Editor’s Notice: Investopedia didn’t publish day by day CD price information on Friday, July 4, in observance of Independence Day. We’re subsequently reporting at present’s charges compared to these of July 3, 2025.

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