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JNJ

Janssen, a pharmaceutical company of Johnson & Johnson (JNJ), has submitted a supplemental New Drug Application (sNDA) to the U.S. Food and Drug Administration (FDA) for an expanded pediatric indication for its HIV-1 therapy, Edurant.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 7:22 pm

CMG

MCD

NTDOY

McDonald's Corporation (MCD) has announced a new restaurant concept, CosMc's, based on a character from the company's past advertising campaigns. The announcement came as the company reported Q2 financial results that beat analyst estimates, with sales of $6.5 billion, up 14% YoY. The new restaurant concept will be tested in a limited geography from early 2024. The move follows the successful revival of the Grimace character, which contributed to strong Q2 sales growth.

Portfolio Pulse from Chris Katje

July 28, 2023 | 7:01 pm

INTC

NVDA

NVIDIA's AI GPUs in China are selling at high prices, reaching up to 500,000 yuan/ US $69,000, due to a surge in demand from companies like Alibaba and ByteDance. NVIDIA's monopoly in the AI GPU market has allowed it to set high prices, but the emergence of new competitors like Intel could potentially disrupt this.

Portfolio Pulse from Happy Mohamed

July 28, 2023 | 5:56 pm

MSFT

SONY

Sony Group Corp's PlayStation 5 console is being offered at a discounted price for the first time in the UK, Ireland, Germany, Austria, and India during PlayStation's Summer Sale. The discount comes amid rumors of a 'slim' version of the PS5 being planned for release, with Microsoft Corp. claiming that the new version of the console will cost around $399.99. Sony recently announced that the PS5 has sold over 40 million units as of July 16, 2023.

Portfolio Pulse from Franca Quarneti

July 28, 2023 | 5:51 pm

BMY

HALO

JNJ

MRK

RHHBY

Pharmaceutical companies, including Johnson & Johnson, Merck & Co Inc, and Halozyme Therapeutics Inc, anticipate that reformulated injectable versions of some popular treatments will not be included in U.S. government price negotiations for several years, safeguarding substantial revenue. They argue that modifying the formula of intravenous medications to allow for injectable use qualifies them as new drugs, delaying their price negotiation eligibility. Bristol Myers Squibb & Co and Roche Holdings AG, developing under-the-skin injections of cancer immunotherapies, stated that it's premature to comment.

Portfolio Pulse from Vandana Singh

July 28, 2023 | 5:47 pm

Ford Motor Company has recalled 870,000 F-150 trucks in the US due to a potential wiring issue that could activate the electric parking brake. The recall covers F-150 trucks from 2021 through 2023 equipped with a single exhaust system. Ford has received 918 warranty claims and three field reports for the wire chafing condition in North America. The company's shares are trading lower by 4.5% to $13.12.

Portfolio Pulse from Nabaparna Bhattacharya

July 28, 2023 | 5:14 pm

LCID

Lucid Group, Inc. (NASDAQ:LCID) shares are trading higher after the company shared a picture of its Sapphire model on the production line. The vehicle will be available in the U.S. for $249,000. Shares of LCID are up more than 8% on above-average trading volume and have gained nearly 35% over the last month. The company will release its second quarter financial reports on Aug. 7.

Portfolio Pulse from Erica Kollmann

July 28, 2023 | 5:05 pm

CGC

Shares of Canopy Growth Corporation (NASDAQ:CGC) are climbing higher, continuing the upward momentum from the last five days. The company recently announced the availability of cannabis gummies from Wana Brands North through its medical cannabis division, Spectrum Therapeutics. The stock is up nearly 10% on above-average trading volume. Canopy Growth will release its Q1 FY2024 financial results on Aug. 9.

Portfolio Pulse from Erica Kollmann

July 28, 2023 | 4:58 pm

GOOG

GOOGL

Alphabet's shares are trading higher after a research report indicated that Google Pixel shipments increased in Q2.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 4:30 pm

INTC

Intel's CEO has announced that artificial intelligence (AI) will be used to enhance communications and gaming on PCs. This move is expected to improve the user experience and potentially increase the demand for Intel's products.

Portfolio Pulse from Happy Mohamed

July 28, 2023 | 4:25 pm