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COST

LLY

NVO

Sesame has launched a $249 monthly program offering compounded versions of Novo Nordisk's Wegovy, addressing supply shortages and high costs. This move provides a more affordable alternative to brand-name drugs, which can cost around $1,000 per month.

Portfolio Pulse from Vandana Singh

August 21, 2024 | 3:44 pm

MCD

McDonald's plans to invest $1.30 billion in the U.K. and Ireland over the next four years, opening 200 new stores and upgrading 1,500 others, creating over 24,000 jobs.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 3:43 pm

INCY

Incyte will present significant data from its oncology portfolio at the ESMO Congress 2024, including Phase 3 results for retifanlimab in SCAC and initial Phase 1 data for a CDK2 inhibitor. A supplemental Biologics License Application for retifanlimab is planned by the end of 2024.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 3:41 pm

BPTH

Bio-Path Holdings shares are trading lower following updates on their clinical trials. The company reported progress in its Phase 1/1b trial of BP1001-A for solid tumors and its Phase 2 study of prexigebersen for Acute Myeloid Leukemia.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 3:39 pm

BABA

Alibaba Group's international e-commerce arm reported a 32% revenue growth, driven by strong cross-border business and innovations. AliExpress and Lazada showed significant performance improvements, with Lazada achieving its first positive EBITDA. Alibaba's stock rose 4.6% following the results.

Portfolio Pulse from The Bamboo Works

August 21, 2024 | 3:35 pm

AAPL

PYPL

SQ

Apple's iOS 18.1 update opens NFC technology to developers, allowing PayPal and Block to engage more directly with iOS users, potentially reshaping the mobile payments landscape. However, this opportunity comes with financial complexities and challenges.

Portfolio Pulse from Surbhi Jain

August 21, 2024 | 3:24 pm

MULN

Mullen Automotive's stock is trading higher after announcing that its unit, Bollinger Motors, will start producing the Bollinger B4 Chassis Cabs in September 2024, with deliveries and revenue expected in October 2024. The B4 EV truck is designed with a secure battery solution and will be produced in partnership with Roush Industries.

Portfolio Pulse from Nabaparna Bhattacharya

August 21, 2024 | 3:13 pm

EWZ

MT

ArcelorMittal and Atlas Renewables Energy are forming a joint venture to build a solar plant in Brazil, with ArcelorMittal set to acquire full ownership by the end of 2025.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 3:10 pm

EV

RIO

SLX

Rio Tinto has signed a $110 million agreement with XCMG Machinery to supply mining equipment for the Simandou iron ore project in Guinea. This project is significant due to its high-grade iron ore reserves. Rio Tinto's shares have risen following the announcement.

Portfolio Pulse from Lekha Gupta

August 21, 2024 | 3:01 pm

NFLX

Netflix is launching a 'Squid Game' video game as part of its strategy to release original games based on its intellectual property. The game, 'Squid Game: Unleashed,' will be available on the Netflix app, coinciding with the release of the show's second season. This move is part of Netflix's broader plan to release a new game every month.

Portfolio Pulse from Chris Katje

August 21, 2024 | 2:51 pm