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BMY

Bristol Myers Squibb & Co (NYSE:BMY) announced positive data from the Phase 3 CheckMate -77T trial of the perioperative regimen of neoadjuvant Opdivo with chemotherapy for non-small cell lung cancer. The Opdivo regime reduced the risk of disease recurrence, progression or death by 42% compared to neoadjuvant chemotherapy and placebo. The company's shares are down 0.17% at $57.28.

Portfolio Pulse from Vandana Singh

October 18, 2023 | 3:15 pm

ICU

SeaStar Medical has received Breakthrough Device Designation from the FDA for its Selective Cytopheretic Device for hepatorenal syndrome. This has led to an increase in the company's stock price.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 3:15 pm

KURA

Kura Oncology Inc announced positive results from its AIM-HN study of tipifarnib in patients with HRAS mutant head and neck squamous cell carcinoma. The study showed meaningful antitumor activity in patients who had progressed after prior therapy. The results will be featured at the 2023 European Society for Medical Oncology Congress. KURA shares are up 0.34% at $8.75 on the last check Wednesday.

Portfolio Pulse from Vandana Singh

October 18, 2023 | 3:12 pm

NOC

Northrop Grumman Corporation (NYSE:NOC) and LIG Nex1 have signed a Memorandum of Understanding to collaborate on airborne electronic warfare and targeting systems for the Republic of Korea. The agreement was signed at the Seoul International Aerospace and Defense Exhibition 2023 (ADEX 2023). Northrop Grumman has a deep expertise in airborne electronic warfare and targeting systems, including the ALQ-257 F-16 Integrated Viper Electronic Warfare System, the LITENING advanced targeting pod and the APR-39D(V)2 and E(V)2 radar warning receivers.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 3:10 pm

AAPL

MSFT

Apple Inc's MacBook shipments are expected to decline by approximately 30% Y/Y to about 17 million units in 2023, according to analyst Ming-Chi Kuo. The demand for the new 15-inch MacBook Air dropped significantly after the pandemic recovery and back-to-school period. Current challenges for the MacBook include declining remote work demand and the potential waning consumer appeal of Apple’s silicon and mini-LED. The significantly higher ASP of assembly and critical components for the MacBook versus Microsoft Corp Windows notebooks substantially impacts the revenues and profits of key MacBook suppliers.

Portfolio Pulse from Anusuya Lahiri

October 18, 2023 | 3:07 pm

CADL

Candel Therapeutics (NASDAQ:CADL) announced that Nature published results from the ongoing first-in-human phase 1 clinical trial of CAN-3110, a herpes simplex virus-1 oncolytic viral immunotherapy candidate, in patients with recurrent high-grade glioma. The study showed that CAN-3110 was well tolerated and treatment was associated with improved survival. The company is currently evaluating the effects of multiple CAN-3110 injections in recurrent high-grade glioma.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 3:02 pm

AVGO

CDNS

Cadence Design Systems (CDNS) has collaborated with Broadcom (AVGO) to implement AI-driven design flows to accelerate the delivery of their innovative 3nm and 5nm designs. Using Cadence's AI-driven Cerebrus Intelligent Chip Explorer, Broadcom achieved performance, power and area (PPA) benefits. The AI technology has helped automate tasks, improve final design data and turnaround time, and provide valuable insights into design data.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 2:47 pm

TMUS

T-Mobile US, Inc. (NASDAQ:TMUS) is reportedly moving some subscribers to more expensive 5G plans unless they opt out. The affected rate plans include T-Mobile ONE, Magenta, Magenta 55 and Simple/Select Choice. Many customers will be moved to the carrier's Go5G brand, which starts at $75 monthly per phone line. Following this news, TMUS shares are trading lower by 1.65%.

Portfolio Pulse from Nabaparna Bhattacharya

October 18, 2023 | 2:44 pm

FCEL

FuelCell Energy Inc (FCEL) announced that its electrolyzers will be used in a hydrogen and nuclear study in the UK, contracted by EDF Energy. The project aims to decarbonize asphalt production using hydrogen, produced in bulk at a lower cost using FuelCell's 1-Megawatt Solid Oxide Electrolyzer Cell with nuclear generated heat and electricity. The company's shares were trading lower, down 5.37% at $1.32.

Portfolio Pulse from Adam Eckert

October 18, 2023 | 2:36 pm

NVDA

NVIDIA has announced major expansions to its robotics platform, including new generative AI, APIs, and microservices. The company's Isaac ROS robotics framework has entered general availability, and the Metropolis expansion on Jetson is coming next. NVIDIA has also created a Jetson Generative AI Lab for developers. The company's AI and Jetson platform have been chosen by over 1.2 million developers and 10,000 customers, including Amazon Web Services, Cisco, John Deere, Medtronic, Pepsico, and Siemens. Generative AI is expected to add $10.5 billion in revenue for manufacturing operations worldwide by 2033.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 2:09 pm