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AMGN

Amgen Inc. (NASDAQ:AMGN) reported strong Q2 sales growth of 20% year-over-year, driven by a 26% increase in volume. Despite missing EPS expectations, the company raised its 2024 guidance. William Blair sees significant upside potential for Amgen, particularly with its pipeline assets like MariTide, Imdelltra, and rocatinlimab. Near-term challenges include upcoming biosimilar launches and market share struggles. The stock was down 4.99% at $312.80.

Portfolio Pulse from Vandana Singh

August 07, 2024 | 2:06 pm

MLSS

Milestone Scientific has announced a strategic partnership with Axial Biologics to distribute its CompuFlo Epidural System in New Jersey, Texas, and Florida.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 2:01 pm

PRFX

PainReform announced safety data for its PRF-110 product, revealing that maximum blood levels are at 10% of the FDA safety threshold.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 2:01 pm

NVO

Novo Nordisk (NYSE:NVO) reported that U.S. patients are staying on their Wegovy weight-loss medication for an average of six months due to supply shortages. The company adjusted its full-year profit outlook downward due to weaker-than-expected sales of Wegovy. Novo Nordisk's shares dipped by 2.94% in pre-market trading following the announcement.

Portfolio Pulse from Benzinga Neuro

August 07, 2024 | 1:37 pm

LYFT

UBER

Lyft reported strong Q2 earnings with a 10% increase in active riders and a 17% surge in gross bookings. The company introduced a price lock feature and expects positive free cash flow for the full year. Despite the positive results, Lyft shares are down 17.90% premarket.

Portfolio Pulse from Anusuya Lahiri

August 07, 2024 | 1:32 pm

LTRN

Lantern Pharma has announced a significant advancement in the preclinical synergy of its drug candidate LP-184 with checkpoint inhibitors. The company plans to present this data at the Immuno-Oncology Summit 2024.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 1:31 pm

ORKT

Orangekloud Technology has announced a strategic partnership with the Electronics Industries Training Centre to promote its eMOBIQ no-code platform.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 1:31 pm

RIVN

Rivian's CEO announced that the company expects higher electric vehicle (EV) output in 2025 despite a temporary pause in plant operations.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 1:30 pm

RL

Ralph Lauren executives expect a moderation in North America wholesale declines through the rest of fiscal 2025 and plan select like-for-like price increases in Japan this fiscal year.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 1:29 pm

RL

Ralph Lauren's executive has stated that the company will focus on improving its North America digital business trajectory through fiscal 2025.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 1:24 pm