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DIS

GOOG

Amazon.com Inc has launched Matter Casting, a new feature that allows cross-platform video streaming to Amazon devices, challenging Apple's AirPlay and Google's streaming services. Initially limited to streaming from Prime Video to Echo Show devices, Amazon plans to expand Matter Casting to Fire TV and support other video services by year-end. The feature is part of the broader Matter standard for smart home device interoperability, which includes Apple and Google. Amazon's stock rose 2.66% on this news.

Portfolio Pulse from Anusuya Lahiri

January 09, 2024 | 6:48 pm

MRK

MRNA

MYNZ

PFE

Pharmaceutical companies Moderna, Pfizer, and Mainz Biomed are shifting focus to cancer treatment and early detection. Moderna's cancer vaccine and Pfizer's acquisition of Seagan aim to accelerate oncology efforts. Mainz Biomed's ColoAlert® shows promise in colorectal cancer (CRC) early detection with high sensitivity and specificity. Moderna's vaccine, combined with Merck's Keytruda, reduced the risk of late-stage skin cancer recurrence. Despite a drop in COVID-19 vaccine sales, Moderna expects sales growth in 2025. The companies are leveraging mRNA technology for personalized cancer treatment, signaling a new era of pharmaceutical innovation.

Portfolio Pulse from Upwallstreet

January 09, 2024 | 6:40 pm

AVIR

Atea Pharmaceuticals Inc (NASDAQ:AVIR) reported a 98% sustained virologic response at week four in a Phase 2 study of bemnifosbuvir and ruzasvir for HCV, exceeding the >90% efficacy criterion. The study showed rapid viral load reduction, supporting an eight-week treatment regimen. The Phase 2 study is ongoing, with full enrollment expected by mid-2024 and topline results in Q3 2024. Atea is also conducting a Phase 3 SUNRISE-3 trial for COVID-19, with the first interim analysis expected in March. William Blair noted the substantial market potential for COVID-19 oral antivirals. Atea's stock rose 9.02% to $3.38.

Portfolio Pulse from Vandana Singh

January 09, 2024 | 6:33 pm

BGNE

BeiGene's stock is trading higher following the announcement that the FDA has approved a label update for its cancer drug BRUKINSA. This regulatory milestone is likely to be viewed positively by investors as it may enhance the drug's marketability and potentially increase sales.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 6:23 pm

WBD

Warner Bros. Discovery (WBD) and Tom Cruise have announced a strategic partnership to develop and produce original and franchise theatrical films starring Cruise, starting in 2024. Cruise's production company will have offices on the Warner Bros. Discovery lot. This partnership signifies Cruise's return to Warner Bros., where he has a history of successful films. The collaboration is part of Warner Bros. Discovery's mission to revitalize the studio.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 6:14 pm

ACCD

CUTR

GRFS

HPE

JNPR

NEOG

SNX

TCS

U.S. stocks were mostly lower, with the Dow Jones down 0.49%. TD SYNNEX Corporation (NYSE:SNX) reported lower Q4 sales but beat EPS estimates and provided Q1 2024 guidance below expectations. Crude oil prices rose by 2.4%. Cutera, Inc. (NASDAQ:CUTR) and Accolade, Inc. (NASDAQ:ACCD) saw stock prices surge after positive financial updates, while Grifols, S.A. (NASDAQ:GRFS) and Neogen Corporation (NASDAQ:NEOG) fell sharply due to negative reports. Juniper Networks, Inc. (NYSE:JNPR) spiked on acquisition talks with Hewlett Packard Enterprise Co (NYSE:HPE). The Container Store Group, Inc. (NYSE:TCS) dropped after projecting lower-than-expected sales.

Portfolio Pulse from Avi Kapoor

January 09, 2024 | 6:08 pm

NVO

Novo Nordisk CEO states that the main challenge for the company is not competition but increasing awareness of obesity as a chronic disease. The CEO welcomes competition in the obesity treatment market as it helps to drive and unlock the market's potential.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 6:07 pm

GOOGL

PSNY

Polestar continues its strategic partnership with Google, showcasing new automotive features at CES 2024. These features, including trip planning on Google Maps and in-car browsing with Google Chrome, are rolling out for Polestar cars, starting with Polestar 2. The collaboration highlights the expansion of the Android Automotive OS ecosystem and the introduction of new apps and functionalities for Polestar vehicles.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 6:06 pm

NVO

Novo Nordisk's CEO predicts a 'significantly higher stay time' for patients using Wegovy for obesity treatment, indicating increased duration of use compared to current treatments.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 6:04 pm

BABA

Alibaba.com, part of Alibaba International Digital Commerce Group (AIDC), announced new AI-powered features for its Smart Assistant at CES 2024. These features aim to enhance efficiency and growth for SMEs and entrepreneurs by improving supply chain and sourcing processes. The Instant Help feature, an AI chatbot, will provide real-time insights and industry knowledge. Since September 2023, the Smart Assistant's Upgraded Image Search and Smart RFQ have shown increased deal closing rates and quote responses. Alibaba.com also launched the Entreprenuts campaign to celebrate entrepreneurial spirit and will showcase these innovations at CES. The US has seen a surge in new businesses, but many fail within the first few years, highlighting the importance of Alibaba.com's tools for small business success.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 6:02 pm