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EVLO

Evelo Biosciences Inc (NASDAQ:EVLO) announced that it did not achieve the primary endpoint in its Phase 2 clinical study with EDP2939 in moderate psoriasis. The company will cease the development of EDP2939 and is considering strategic alternatives, including partnering EDP1815 and the SINTAX platform. Following the news, EVLO shares dropped 48.3%.

Portfolio Pulse from Vandana Singh

October 17, 2023 | 1:49 pm

NOC

Northrop Grumman Corporation (NYSE:NOC) has been selected by the U.S. Air Force for multiple awards to support the first Battlefield Airborne Communications Node (BACN) home station in the continental United States. The awards include home station activation, training for Air Force personnel, global sustainment and operations, and modernization with Ka-Band SATCOM upgrades overseas.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 1:49 pm

AAPL

GOOG

GOOGL

SSNLF

T

TMUS

VZ

According to Ookla's SpeedTest data, T-Mobile US Inc. (NASDAQ:TMUS) offers the fastest mobile internet experience in the US, outperforming rivals AT&T Inc. (NYSE:T) and Verizon Communications Inc. (NYSE:VZ). The fastest smartphone for accessing mobile internet is Apple Inc.'s (NASDAQ:AAPL) iPhone 15 Pro Max. Samsung Electronics Co Ltd.'s (OTCPK: SSNLF) Galaxy S23 Ultra and Alphabet Inc.'s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google Pixel 7 Pro also made the list.

Portfolio Pulse from Rounak Jain

October 17, 2023 | 1:44 pm

VZ

Verizon is hiring 1,800 additional technicians to support its broadband expansion across the East Coast. The roles will focus on building, maintaining, and installing Fios home internet in several states. Many positions will be based in areas where Verizon is expanding internet service in rural and underserved communities, with funding partly provided by the American Rescue Plan. All roles are expected to be filled by July 2026.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 1:43 pm

TLRY

Tilray Brands, Inc. (NASDAQ:TLRY) is launching a new sustainability campaign and transitioning to hemp packaging for its best-selling Canadian cannabis brand Good Supply. This move is in response to research suggesting that consumers are 50% more likely to purchase a cannabis product in sustainable packaging. The company also plans to roll out sustainable packaging for other brands, including RIFF and Broken Coast, later this year.

Portfolio Pulse from Jelena Martinovic

October 17, 2023 | 1:37 pm

CGC

STORZ & BICKEL, a subsidiary of Canopy Growth Corporation (NASDAQ:CGC), has announced the launch of the VENTY, a new portable vaporizer for dry herbs. The device features adjustable air flow, a convection and conduction heater, and cutting-edge heating management and cooling technology. It also offers the fastest heat-up time of any STORZ & BICKEL vaporizer, rapid USB-C charging, and smart connectivity via Bluetooth and a Web App.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 1:32 pm

JNJ

Johnson & Johnson executive has announced that the company expects to file for regulatory approval for its lung cancer therapy in 2025, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 1:29 pm

MBOT

Microbot Medical Inc. (NASDAQ:MBOT) has announced successful initial outcomes of using the LIBERTY Robotic Surgical System in its pivotal pre-clinical study. The company plans to submit an Investigational Device Exemption (IDE) application to the FDA for a pivotal clinical trial in humans, subject to the final report and the completion of the verification and validation process.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 1:14 pm

TSLA

Tesla Inc has announced a recall of nearly 55,000 Model X vehicles due to reduced braking performance risks. The company is not aware of any crashes, injuries or deaths related to the braking error and will release a software update to fix the issue. Tesla's shares are trading slightly lower, and the company's production numbers were down due to planned factory upgrades. Reports suggest that Tesla's China-made EV sales are down more than 10% on a year-over-year basis.

Portfolio Pulse from Adam Eckert

October 17, 2023 | 1:13 pm

MBOT

Microbot Medical Inc. (NASDAQ:MBOT) announced successful initial outcomes of using its LIBERTY Robotic Surgical System in a pivotal pre-clinical study. The study was conducted by three leading interventional radiologists and achieved 100% usability and technical success with no observed complications. The company plans to submit the Investigational Device Exemption (IDE) application to the FDA, pending the final report and completion of the verification and validation process.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 1:13 pm