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BBIO

BridgeBio Pharma Inc (BBIO) presented detailed results from its Phase 3 ATTRibute-CM study of acoramidis for ATTR-CM at the European Society of Cardiology Congress 2023. The results showed a highly statistically significant result, an 81% survival rate on acoramidis, and a highly statistically significant treatment effect. The company plans to submit its marketing application to the FDA before the end of 2023. Despite the positive results, BBIO shares are down 4.65% at $28.29.

Portfolio Pulse from Vandana Singh

August 28, 2023 | 6:05 pm

NVCR

ZLAB

Novocure Ltd's stock is falling after its phase 3 clinical trial of Tumor Treating Fields (TTFields) in patients with platinum-resistant ovarian cancer did not meet its primary endpoint of overall survival. The trial showed a median overall survival of 12.2 months for patients treated with TTFields therapy plus paclitaxel, versus 11.9 months for patients treated with paclitaxel alone. The company's shares are down 32.1% at $20.25.

Portfolio Pulse from Vandana Singh

August 28, 2023 | 6:03 pm

BNTX

BioNTech SE - ADR (NASDAQ:BNTX) shares are trading higher by 2.25% to $120.26 amid rising COVID-19 cases in the U.S. The increase in cases could lead to increased demand for vaccines, including BioNTech's jointly developed Pfizer-BioNTech COVID-19 vaccine, potentially driving up its stock price.

Portfolio Pulse from Henry Khederian

August 28, 2023 | 5:46 pm

AAPL

SSNLF

Apple Inc (AAPL) is expected to surpass Samsung Electronics Co Ltd. (SSNLF) as the world's largest smartphone brand by 2023, according to TF International Securities analyst Ming-Chi Kuo. Apple is projected to ship about 220–225 million units in 2023, edging out Samsung's reduced smartphone shipments of 220 million units. Despite concerns over iPhone 15 series delays, Kuo expects mass shipments to begin this week. Apple's aggressive shipment goals contrast with Samsung's conservative future outlook, potentially solidifying Apple's supremacy in the smartphone market.

Portfolio Pulse from AJ Fabino

August 28, 2023 | 5:38 pm

DIS

FOX

NFLX

PARA

The popularity of streaming services like Netflix and Disney+ has led to a 39% increase in the number of titles on streaming services over the past two years. The average time it takes someone to find something to watch has risen to more than 10 minutes. The surge is partly due to expanding free, ad-supported streaming services like Paramount Global's Pluto and Fox Corp's Tubi. In May, 60% of all time spent on streaming was for shows originally aired on regular TV.

Portfolio Pulse from Anusuya Lahiri

August 28, 2023 | 5:27 pm

AMC

AMC Entertainment Holdings Inc (NYSE:AMC) is trading at all-time lows despite a 1-10 reverse split. The company's APE shares, introduced by CEO Adam Aron, did not provide the expected boost. The box office is down 15% compared to 2019, and the release calendar is collapsing due to ongoing strikes in Hollywood. The strikes have halted film and television production worldwide, affecting box office revenues. Several high-profile movies and TV shows have announced delays in their release dates. AMC's profitability, which largely depends on its ability to pack theaters with blockbuster movies, is being severely impacted.

Portfolio Pulse from AJ Fabino

August 28, 2023 | 5:26 pm

BMWYY

DUK

F

GM

Duke Energy Corp (DUK) has partnered with General Motors Company (GM), Ford Motor Company (F), and BMW AG (BMWYY) to launch an electric vehicle (EV) subscription service in North Carolina. The service is part of the Open Vehicle Grid Integration Platform (OVGIP) and aims to manage EV charging in a grid-friendly and driver-centric manner. The pilot program offers residential customers up to 800 kWh per month for a fixed fee, with the goal of reducing trips to public charging stations and saving costs.

Portfolio Pulse from Lekha Gupta

August 28, 2023 | 5:24 pm

MSFT

OpenAI has launched a corporate version of its AI-powered chatbot, ChatGPT Enterprise, with added features and privacy safeguards. This is the startup's most significant effort to attract business customers and boost revenue. The new tool includes unlimited use of OpenAI’s most powerful generative AI model, GPT-4, data encryption, and a guarantee that the startup won’t use data from customers to develop its technology.

Portfolio Pulse from Happy Mohamed

August 28, 2023 | 5:24 pm

DLB

Dolby Laboratories (NYSE:DLB) has launched Dolby Atmos FlexConnect, a new TV sound system with wireless speakers. TCL will be the first television brand to implement this technology in its 2024 TV lineup. Dolby and TCL will showcase the new technology at IFA, powered by MediaTek's Pentonic Smart TV series chipset. Dolby's shares are trading higher by 1.24% to $84.66.

Portfolio Pulse from Nabaparna Bhattacharya

August 28, 2023 | 5:09 pm

ABC

TIVC

Tivic Health Systems (NASDAQ:TIVC) has signed a deal to make its products available on AmerisourceBergen Corporation's (NYSE:ABC) third-party marketplace. Tivic's ClearUP bioelectronic sinus pain relief device will be offered on the platform, which was launched on August 8. The move is aimed at expanding Tivic's customer reach and product awareness with independent retail pharmacies.

Portfolio Pulse from Nabaparna Bhattacharya

August 28, 2023 | 5:01 pm