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AXSM

BIIB

SAGE

Axsome Therapeutics reported Q2 sales of $46.7 million, beating the consensus of $40.19 million. Sales from Auvelity, a prescription oral medicine for major depressive disorder (MDD), reached $27.6 million. The FDA's rejection of Sage Therapeutics and Biogen's zuranolone for MDD is seen as a positive for Axsome's Auvelity. Analysts believe this will increase Auvelity's competitive edge as a novel-acting branded antidepressant.

Portfolio Pulse from Vandana Singh

August 07, 2023 | 4:07 pm

ZM

Zoom has updated its terms of service to allow the use of some customer data for training its AI models. The data includes product usage, telemetry, and diagnostic data. The company clarified that it does not use audio, video, or chat content for AI training without customer consent. However, when users enable Zoom's generative AI features, they sign a consent form allowing Zoom to use their content for AI training.

Portfolio Pulse from Happy Mohamed

August 07, 2023 | 4:00 pm

AAPL

Reports suggest that Apple Inc. (NASDAQ:AAPL) may upgrade the storage in the base model of the upcoming iPhone 15 series to 256GB, doubling the current 128GB. The Pro and Max models could have a new 2TB option. However, these reports are not from prominent sources and could be wishful thinking. Apple is expected to increase the price of the iPhone 15 Pro and Pro Max by at least $100, which could justify the storage bump.

Portfolio Pulse from Rounak Jain

August 07, 2023 | 3:51 pm

VTRS

Viatris Inc reported Q2 FY23 sales of $3.91 billion, up 2% on a divestiture-adjusted operational basis, slightly higher than the consensus of $3.89 billion. The company generated approximately $124 million in new product revenues in Q2, primarily driven by lenalidomide in the U.S. It reported an adjusted EPS of $0.75, better than the consensus of $0.71. The FDA accepted for review Viatris and Mapi Pharma's New Drug Application for GA Depot 40 mg, a therapy for multiple sclerosis. VTRS shares are up 7.32%.

Portfolio Pulse from Vandana Singh

August 07, 2023 | 3:36 pm

BA

NOC

Russia's space agency, Roscosmos, is preparing for the Luna-25 mission, marking its return to lunar exploration after nearly half a century. The mission, launching from the Vostochny Cosmodrome, aims to explore resources and advance technology. The U.S. is also preparing for its next lunar mission, Artemis II, which involves Boeing Co, Northrop Grumman Corp, and SpaceX.

Portfolio Pulse from AJ Fabino

August 07, 2023 | 3:32 pm

PRZO

ParaZero's shares are trading higher following the receipt of a second order for its custom safety system for drones from an automotive manufacturer.

Portfolio Pulse from Bill Haddad

August 07, 2023 | 3:17 pm

NKTR

Nektar Therapeutics announced updated Rezpegaldesleukin efficacy data, which it says was previously incorrectly calculated by Lilly. This has led to a rise in Nektar's share prices.

Portfolio Pulse from Bill Haddad

August 07, 2023 | 3:17 pm

NFLX

VZ

Verizon has announced a new offer via its +play platform, providing customers with a Netflix Premium Plan when they purchase a one-year subscription to MasterClass or Super Duolingo. This offer represents $240 in annual savings. The +play platform features over 30 partners across various sectors, with special savings exclusive to Verizon customers. The company is also offering NFL Sunday Ticket on YouTube and YouTube TV to eligible mobile and Verizon Home Internet customers.

Portfolio Pulse from Happy Mohamed

August 07, 2023 | 3:16 pm

AAPL

TSM

Apple has struck a deal with Taiwan Semiconductor Manufacturing Co. (TSMC) for the production of its next iPhone's core processor. TSMC will use a new 3 nanometer process to make smaller, faster, and more power-efficient chips for Apple, a year before it makes them for anyone else. Additionally, TSMC will cover the cost of any defects that occur in the new manufacturing process.

Portfolio Pulse from Happy Mohamed

August 07, 2023 | 3:12 pm

LCID

Lucid Group has reduced the prices of its Air Pure sedan, leading to a decrease in the company's share prices.

Portfolio Pulse from Bill Haddad

August 07, 2023 | 3:07 pm