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MX

Magnachip Semiconductor Corporation (NYSE:MX) has announced the development of a new 1200V 75A Insulated Gate Bipolar Transistor (IGBT) for solar inverters, with mass production set to begin in October. This new product offers improved heat dissipation, reduced conduction loss, and enhanced system reliability.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 10:57 am

AIQ

AVEM

BABA

JD

PDD

Alibaba Group Holding Ltd (NYSE:BABA) shares surged as the company announced a new strategy to increase merchant service fees, boosting revenue. The stock jumped 3% in the U.S. market. Starting in September, Alibaba will implement a 0.6% software service fee on confirmed transactions for vendors using its Tmall and Taobao platforms. This new fee structure is expected to significantly boost Alibaba's core merchant revenue.

Portfolio Pulse from Anusuya Lahiri

July 29, 2024 | 10:53 am

AMRN

HLS Therapeutics has entered into a Product Listing Agreement with the Province of Alberta for the listing and public reimbursement of Amarin's Vascepa, effective August 1, 2024. Vascepa will be reimbursed for secondary prevention of cardiovascular events in statin-treated patients with established cardiovascular disease and elevated triglycerides.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 10:50 am

PINC

TFX

Teleflex Incorporated (NYSE:TFX) has secured two group purchasing agreements with Premier, Inc. for its hemostasis products, effective July 1, 2024. These agreements will offer Premier members special pricing and terms for Teleflex's hemostatic portfolio, including QuikClot™ Hemostatic Dressings and Devices.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 10:32 am

GH

Guardant Health's Shield blood test for colorectal cancer screening has received FDA approval, making it the first blood test approved as a primary screening option for CRC. This approval also meets Medicare coverage requirements, potentially increasing CRC screening rates in the U.S.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 10:31 am

AAPL

AMZN

GOOGL

IBM

META

MSFT

QQQ

SPY

STM

TSLA

The upcoming week is crucial for tech stocks as major companies like Apple, Amazon, Microsoft, and Meta are set to report their earnings. Last week's earnings were mixed, with Tesla, Alphabet, and STMicroelectronics disappointing investors. However, IBM saw positive reactions due to strong AI bookings. Analysts are optimistic about the tech sector's future, especially with significant AI investments expected. The Invesco QQQ Trust and SPDR S&P 500 ETF Trust showed mixed performance last week.

Portfolio Pulse from Shanthi Rexaline

July 29, 2024 | 10:25 am

HSIC

Henry Schein has acquired abc dental AG, a Swiss dental distributor, to expand its range of solutions and services in Switzerland. The acquisition is expected to be neutral to 2024 non-GAAP earnings per share and accretive thereafter.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 10:12 am

F

Ford Motor Co. has patented a technology to detect and report speeding drivers. The system can identify speeding vehicles, capture images, and transmit data to law enforcement. This innovation aims to address speeding-related traffic fatalities, which accounted for 29% of all traffic deaths in 2022.

Portfolio Pulse from Anan Ashraf

July 29, 2024 | 10:05 am

EH

EHang Holdings Limited (NASDAQ:EH) has delivered the first batch of 10 EH216-S eVTOL aircraft to Xishan Tourism and completed debut passenger-carrying flights in Taiyuan, Shanxi.

Portfolio Pulse from charles@benzinga.com

July 29, 2024 | 10:04 am

LIPO

Lipella Pharmaceuticals has commenced a Phase 2a trial for LP-310, a liposomal-tacrolimus oral rinse formulation, targeting Oral Lichen Planus. The trial has enrolled its first patients and is actively screening more across multiple research sites in the US.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 9:04 am