Streetbeat News

Products Services

MRK

Merck has initiated a Phase 3 clinical program, CORALreef, for MK-0616 for hypercholesterolemia in approximately 17,000 participants. The company also plans to initiate a Phase 3 cardiovascular outcomes study, CORALreef Outcomes, by the end of 2023.

Portfolio Pulse from Benzinga Newsdesk

August 25, 2023 | 10:34 am

ESAIY

MRK

Merck and Eisai have announced that their Phase 3 LEAP-010 trial evaluating KEYTRUDA plus LENVIMA did not result in an overall survival benefit for patients. The study will be closed due to the low likelihood of reaching the protocol-specified threshold for statistical significance.

Portfolio Pulse from Benzinga Newsdesk

August 25, 2023 | 10:19 am

CGNX

Cognex Corporation (NASDAQ:CGNX) has joined the OSARO Partners Alliance, an ecosystem of expertise aimed at delivering optimal automation solutions to customers. The integration of Cognex DataMan fixed-mount, image-based barcode readers into the OSARO Robotic Bagging System has solved a technical challenge for Zenni Optical.

Portfolio Pulse from Benzinga Newsdesk

August 25, 2023 | 10:15 am

INTC

Polestar, the electric vehicle unit of Volvo, has chosen Mobileye, a subsidiary of Intel, to provide autonomous technology for its Polestar 4 vehicles. The deal could potentially boost Intel's revenues and strengthen its position in the autonomous vehicle market.

Portfolio Pulse from Benzinga Newsdesk

August 25, 2023 | 10:02 am

CTLT

NVO

Novo Nordisk's CEO expressed confidence in Catalent's ability to resolve production issues related to Wegovy, a drug produced by Novo Nordisk.

Portfolio Pulse from Charles Gross

August 25, 2023 | 9:45 am

ERIC

INTC

Ericsson (ERIC) has renewed a global cross-licensing deal with Huawei, covering patents for 3G, 4G, and 5G cellular technologies. The agreement will cover the companies' sales of network infrastructure and consumer devices. Ericsson expects 2023 IPR licensing revenues to be about SEK 11 billion. The company also plans to boost its IPR revenues through such agreements and expansion into additional licensing areas. Last month, Ericsson partnered with Intel Corp (INTC) for its future 5G infrastructure.

Portfolio Pulse from Lekha Gupta

August 25, 2023 | 9:38 am

IQ

iQIYI has reported encouraging initial results from the use of generative AI to improve content production and marketing efficiency.

Portfolio Pulse from Benzinga Newsdesk

August 25, 2023 | 9:33 am

TSLA

Tesla Inc (NASDAQ:TSLA) has invited select customers to experience the Model S Plaid on a test track at its Fremont factory in California. The event, dubbed Plaid Track Day, will also include a DIY service workshop and a chance to meet local Tesla owners. The criteria for invitation remains unclear. The Model S Plaid is Tesla's all-electric car with a range of 396 miles, a top speed of 200 mph, and 1,020 horsepower.

Portfolio Pulse from Anan Ashraf

August 25, 2023 | 9:31 am

NVO

Novo Nordisk announced positive results from the phase 3 STEP HFpEF trial of semaglutide 2.4 mg, showing significant reductions in heart failure-related symptoms and physical limitations, as well as weight loss in adults with heart failure with preserved ejection fraction (HFpEF) and obesity. The findings were presented at the European Society of Cardiology Congress and published in the New England Journal of Medicine.

Portfolio Pulse from Charles Gross

August 25, 2023 | 9:26 am

AAPL

Apple Inc. is planning to introduce Wi-Fi 6E capabilities in its upcoming iPhone 15 Pro models, powered by the new A17 processor. This upgrade promises enhanced connectivity and reduced network congestion. However, the iPhone 15 and iPhone 15 Plus models, powered by the A16 processor, won't feature this upgrade. Apple began supporting Wi-Fi 6E with the M2 processor in June 2022.

Portfolio Pulse from Benzinga Neuro

August 25, 2023 | 9:23 am