Streetbeat News

Products Services

PFE

SGEN

Seagen Inc announced that its Phase 3 HER2CLIMB-02 clinical trial of Tukysa in combination with Kadcyla met its primary endpoint of progression-free survival. Pfizer Inc has agreed to acquire Seagen in a $43 billion deal to gain access to its targeted cancer therapies. Seagen's shares are down 0.11% at $193.98.

Portfolio Pulse from Vandana Singh

August 16, 2023 | 4:32 pm

GOOG

GOOGL

A Harvard researcher has cloned a supercomputer using Alphabet Inc's Google's cloud platform for a heart disease study. The move aims to overcome the lack of robust computing capabilities and speed up projects. The research required vast computational capacity typically provided by supercomputers. Due to the limited number of machines capable of such research, researchers and entities like Citadel Securities are increasingly turning to public cloud solutions.

Portfolio Pulse from Vandana Singh

August 16, 2023 | 4:27 pm

AAPL

AMZN

GOOGL

SPOT

Amazon has raised the prices of its Amazon Music Unlimited plans for Prime members and customers on the family plan. The new prices will be effective immediately for new customers and after September 19 for existing customers. Other efforts to drive shareholder value include designing custom microchips for AWS' generative AI training, downsizing loss-making divisions, logistics and delivery mechanism restructuring, and a grocery business overhaul. The stock has gained 60% YTD but traded lower by 1.55% at $135.54 on the last check Wednesday.

Portfolio Pulse from Anusuya Lahiri

August 16, 2023 | 4:23 pm

TSLA

The Texas Public Utility Commission has approved a plan to mandate the use of Tesla's technology for electric vehicle (EV) chargers, despite opposition. This decision could potentially increase the demand for Tesla's EV chargers and its related technology.

Portfolio Pulse from Happy Mohamed

August 16, 2023 | 4:17 pm

GOOGL

Rumble CEO Chris Pavlovski announced the testing phase of 'Rumble Advertising Center for Publishers', aiming to compete with Google Adsense.

Portfolio Pulse from Happy Mohamed

August 16, 2023 | 4:17 pm

BMY

Bristol Myers Squibb & Co (NYSE:BMY) announced updated results from a TRIDENT-1 study, showing that repotrectinib, a next-generation ROS1/TRK tyrosine kinase inhibitor (TKI), continued to show high response rates and durable responses in patients with metastatic non-small cell lung cancer. The U.S. FDA accepted the New Drug Application for repotrectinib and granted Priority Review. The study remains ongoing to assess long-term outcomes and additional endpoints.

Portfolio Pulse from Vandana Singh

August 16, 2023 | 4:13 pm

RHHBY

SONN

Sonnet BioTherapeutics Holdings Inc's shares are trading higher after the company announced that the IND for SB221, the Phase 1b/2a trial of SON-1010 in combination with Roche Holding AG's atezolizumab, has been accepted. The study will begin in the U.S. for platinum-resistant ovarian cancer. The trial will establish the maximum tolerated dose of SON-1010 with a fixed dose of atezolizumab. SONN shares are up 23.78% at $0.40 at publication Wednesday.

Portfolio Pulse from Vandana Singh

August 16, 2023 | 4:00 pm

FIVN

Sandbox Banking and Five9 have announced the expansion of their partnership, with Sandbox's Glyue now available on the Five9 CX Marketplace. Glyue provides seamless API management and integration capabilities between Five9 VCC and ISV products to core banking systems like Jack Henry and Fiserv. This enables real-time syncing of customer and account information, and automation of banking and credit union operations.

Portfolio Pulse from Happy Mohamed

August 16, 2023 | 3:30 pm

TIVC

Tivic Health Systems has begun enrollment for its funded study on a non-invasive bioelectronic device approach to vagus nerve stimulation. This news has led to an increase in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 2:38 pm

AMZN

Amazon is raising the prices of its Amazon Music Unlimited plans for Prime members and family plan users. The price for Prime members will increase from $8.99 to $9.99 per month, and for family plan users from $15.99 to $16.99 per month. The new prices will be effective immediately for new customers and from September 19 for existing customers. This follows a trend of price hikes in music streaming services, with Spotify, Google's YouTube Music, and Apple Music also recently increasing their prices.

Portfolio Pulse from Happy Mohamed

August 16, 2023 | 2:23 pm