US Top News and Analysis | Veeva Systems to join S&P 500 index, replacing Coterra Energy AI generated summary, Read the full article for complete information. Veeva Systems, a cloud‑software provider for life‑science and pharmaceutical firms, was added to the S&P 500 on May 7, replacing Coterra Energy, and its shares surged nearly 10% in after‑hours trading following the announcement. While the inclusion typically boosts a stock’s price because index‑tracking funds must buy shares, Veeva has struggled this year, down about 30% in 2026 as investors worry that artificial‑intelligence advancements could disrupt its business—a trend affecting many cloud vendors. Founded in 2007 by Peter Gassner (who remains CEO) and Matt Wallach, Veeva went public in 2013; in its most recent quarter it posted a $244 million profit on $836 million of revenue, a 16% year‑over‑year increase, and competes with firms such as Amazon, IQVIA, Microsoft, Oracle and Salesforce. Read more: https://www.cnbc.com/2026/04/30/veeva-systems-will-join-sp-500-index-replacing-coterra-energy.html #VeevaSystems #NYSE #PeterGassner #MattWallach