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Market-Moving News for July 29th includes significant updates from Longeveron, Koninklijke Philips, and Lipella Pharmaceuticals. Longeveron announced positive results from its Phase 2a clinical trial for Lomecel-B in mild Alzheimer's disease. Koninklijke Philips reported better-than-expected Q2 2024 earnings and sales. Lipella Pharmaceuticals commenced a Phase 2a trial for LP-310 in oral lichen planus and enrolled its first patients.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 12:22 pm

CRNC

Cerence Inc. (NASDAQ:CRNC) has announced a collaboration with smart, an all-electric automobile brand, to develop AI-powered in-car experiences. This partnership aims to set new industry benchmarks in Europe and other overseas markets outside Mainland China.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 12:16 pm

CRVO

CervoMed Inc. (NASDAQ:CRVO) presented plasma biomarker data from its AscenD-LB Phase 2a trial at the AAIC 2024, showing that neflamapimod treatment significantly reduced plasma GFAP levels in patients with dementia with Lewy bodies (DLB), correlating with improved clinical outcomes.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 12:13 pm

SVMH

SRIVARU Holding Limited (NASDAQ:SVMH) has completed the commercial manufacturing and testing cycle for its premium electric motorcycle, the PRANA 2.0, which is now available in the Indian market. This milestone marks a significant advancement for the company and the Indian two-wheeled EV market.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 12:11 pm

RTX

Raytheon has been awarded two Mentor-Protégé agreements from the Department of Navy to develop operational AI for defense. The company will mentor Anacapa Micro Products and Nara Logics under three-year contracts to enhance decision-making with advanced technologies.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 12:11 pm

RSI

Rush Street Interactive (NYSE: RSI) has launched its RushBet online casino and sportsbook in Peru, marking a significant step in its Latin American expansion strategy. This move aims to strengthen RSI's competitive position in the region.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 12:10 pm

DOGEUSD

Prominent traders predict a bullish trend for Dogecoin (DOGE), with price targets ranging from $0.30 to above $0.50 in the next 6-12 months. The coin has seen a 2% increase in the past 24 hours and an 8% rise over the past 30 days. Elon Musk's support and significant transaction volumes are contributing factors.

Portfolio Pulse from Khyathi Dalal

July 29, 2024 | 12:10 pm

AAPL

Apple Inc. (NASDAQ:AAPL) has patented a new camera system for vehicles that projects live feeds onto the windshield, potentially enhancing driver safety. This follows the discontinuation of Apple's decade-long Apple Car project, Project Titan. The patent indicates Apple's continued interest in vehicle technology.

Portfolio Pulse from Rounak Jain

July 29, 2024 | 12:09 pm

SNAL

Snail Games has acquired the publishing rights to two new games, 'The Cecil' and 'Chasmal Fear'.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 12:07 pm

QTRX

Quanterix Corporation (NASDAQ:QTRX) presented new data at the Alzheimer's Association International Conference (AAIC) showing that a combination of AD-relevant biomarkers with p-Tau 217 significantly reduces the intermediate zone of a two-cutoff p-Tau 217 test, while maintaining high accuracy above 90%. This improvement could lead to more definitive results for patients undergoing Alzheimer's disease testing.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 12:07 pm