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MRK

Merck & Co Inc (NYSE:MRK) has decided to discontinue two Phase 3 trials involving Keytruda due to underwhelming data. The trials, KEYNOTE-867 and KEYNOTE-630, did not meet their primary endpoints and showed unfavorable risk/benefit profiles. The decision was based on recommendations from independent Data Monitoring Committees.

Portfolio Pulse from Vandana Singh

August 29, 2024 | 2:35 pm

ACN

Accenture has appointed Arundhati Chakraborty as the group chief executive of Accenture Operations, effective September 1, 2024. Chakraborty, with 30 years of experience, will focus on growing the $10B Operations business and leveraging AI and automation for client innovation.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 2:33 pm

ARMK

Aramark has expanded its collegiate athletic accounts for the 2024 NCAA football season by welcoming Georgia Southern and Washington State Universities as new clients. The company is also expanding services at East Carolina University and has completed major renovations at LSU, UNC, and Tennessee.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 2:17 pm

TNXP

Tonix Pharmaceuticals shares are trading lower following the presentation of clinical data on TNX-102 SL for acute stress reaction and PTSD prevention, as well as preclinical data on wound healing therapeutics at a military health symposium.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 2:15 pm

GRAB

UBER

Grab Holdings plans to add over 1,000 BYD electric vehicles to its Indonesian fleet, following Uber's lead in expanding green rides. This move is part of Grab's strategy to grow its mobility services and enhance its app with AI features. Despite a 17% revenue increase, Grab's stock has declined 15% over the past year.

Portfolio Pulse from Anusuya Lahiri

August 29, 2024 | 2:15 pm

SPY

USO

Libyan Oil Crescent ports have halted export operations, as confirmed by engineers to Reuters. This disruption could impact global oil supply and prices.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 2:11 pm

ARW

Arrow Electronics and Citrix have announced a strategic distribution agreement. Arrow will manage sales, marketing, and technical support for Citrix's service provider channel partners with fewer than 2,000 licenses in North America and Europe, starting October 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 2:10 pm

MSTR

NVDA

Nvidia's pre-earnings performance has led to significant trading activity, with its ETFs splitting in pre-market. Despite Nvidia's Q2 earnings beat, AI crypto tokens have struggled. Meanwhile, MicroStrategy has outperformed Bitcoin and Ethereum, which have recovered from the FTX collapse.

Portfolio Pulse from Akanksha Bakshi

August 29, 2024 | 2:08 pm

ECX

ECARX Holdings shares rose following the announcement of a partnership with MulticoreWare to enhance algorithms for intelligent driving solutions.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 2:07 pm

INSG

Inseego has launched the Wavemaker 5G Indoor Router FX3110, which is certified on all major U.S. carrier networks and available exclusively through Ignite channel partners.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 2:07 pm