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WBD

NBA rookie Victor Wembanyama's debut game drew a large number of viewers, surpassing the first game of the Los Angeles Lakers and NBA star LeBron James' 21st NBA season. The game, aired on Walt Disney Company's ESPN, averaged 2.99 million viewers, marking the most-watched NBA Opening Week game for ESPN since 2018. The game also beat both of the NBA Opening Night games, which aired on Warner Bros. Discovery's TNT. Wembanyama's betting odds for his second NBA game are listed on DraftKings. He is also the favorite to win the Rookie of the Year at BetMGM.

Portfolio Pulse from Chris Katje

October 27, 2023 | 8:12 pm

APLM

Apollomics announced a report on the efficacy response of a patient treated with vebreltinib for GBM with PTPRZ-MET fusion, which led to its shares trading higher.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 7:46 pm

PHG

RMD

ResMed Inc. (RMD) is gaining market share in the flow generator market due to Koninklijke Philips N.V.'s (PHG) product recall. ResMed's Q1 revenue increased by 16% to $1.1 billion. Needham analyst Mike Matson reiterated a Buy rating on ResMed with a price target of $180, while Oppenheimer analyst Suraj Kalia also reiterated an Outperform rating with a price target of $175. However, ResMed's shares are trading lower by 3.03% to $134.53.

Portfolio Pulse from Nabaparna Bhattacharya

October 27, 2023 | 7:34 pm

AMC

DIS

Walt Disney Co. has delayed three films that were scheduled for next year and removed another three from its line-up. The live-action remake of Snow White has been delayed by a year to March 21, 2025, and the Pixar film Elio will be released in June 2025. This follows similar moves by other studios, such as Paramount Pictures. The changes pose challenges for theater chains like AMC Entertainment Holdings Inc., which are still trying to recover from the pandemic.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 7:30 pm

VFS

VinFast Auto is considering introducing the VF 3 minicar, designed for the Vietnamese market, to the U.S. market as a sub-$20,000 city car. The decision is being influenced by prospective dealers. The VF 3 is a 2-door EV that is just over 10 feet long.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 7:25 pm

JNJ

LLY

NVO

Novo Nordisk's diabetes drug, Ozempic, is gaining popularity for weight loss, potentially impacting companies providing weight-loss services like liposuction and bariatric surgeries. Johnson & Johnson reported a shortfall in its Q3 medical device sales due to a decrease in bariatric surgeries, which could be linked to the rise of Ozempic. Eli Lilly is preparing to release its own weight loss drug, Mounjaro, to compete with Ozempic and Wegovy.

Portfolio Pulse from Aaron Bry

October 27, 2023 | 7:15 pm

CHRS

Coherus and Junshi Biosciences have announced that the FDA has approved LOQTORZI for all lines of treatment for recurrent or metastatic nasopharyngeal carcinoma. LOQTORZI is the first and only FDA-approved treatment for this type of cancer. It is indicated in combination with chemotherapy for 1st line treatment and as monotherapy for patients with disease progression on or after platinum containing chemotherapy, irrespective of PD-L1 status.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 7:12 pm

DUK

GE

Duke Energy Corp (DUK) and General Electric Co's (GE) business GE Vernova are collaborating to build a project in Florida that will produce, store and combust 100% green hydrogen. The system will use the existing 74.5-megawatt DeBary solar plant to provide clean energy for two 1-MW electrolyzer units. The project, which is the first combustion turbine in the U.S. to run on a high percentage of hydrogen, is expected to be fully operational in 2024.

Portfolio Pulse from Shivani Kumaresan

October 27, 2023 | 7:08 pm

F

Ford reported mixed Q3 results, leading to a drop in its share price. The company also withdrew its 2023 guidance and postponed its $12 billion investment in electric vehicles (EVs).

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 6:56 pm

BA

Boeing has delivered its first reworked 737 Max following the discovery of an aft pressure bulkhead defect, according to Reuters citing Boeing.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 6:20 pm