Good morning, you're tuned in to Markets Desk.
Medtronic delivered a strong first quarter, with net profit climbing year over year on improved margins and double-digit sales growth across all four of its operating divisions. The medical device giant followed that beat by raising its full fiscal year twenty twenty seven outlook, signaling management confidence in sustained demand across its product portfolio.
Turning to insider activity, a chief financial officer at a consumer-facing company liquidated nearly twenty-five thousand shares, booking roughly four hundred seven thousand dollars at a weighted average price of sixteen dollars and fifty-nine cents. Insider dispositions of this size draw attention not because they're always alarming, but because CFOs carry the clearest visibility into forward earnings, making the timing and scale worth watching.
And in the AI space, Tom Blomfield, the cofounder of digital bank Monzo, is now two months into his role as a member of technical staff at Anthropic. His candid assessment of his colleagues: a hyper-earnest group of meganerds with a notable lack of ego. Blomfield says he's working on compute infrastructure and finds it energizing to feel like a beginner again inside one of the most closely watched AI safety labs in the world.
That's the tape. Markets Desk, signing off the floor.
