Streetbeat News

Products Services

PXMD

PaxMedica Inc (NASDAQ:PXMD) shares are trading higher after the company released positive topline data from PAX-HAT-301 Retrospective Analysis of Suramin Treatment for Stage 1 Trypanosoma Brucei Rhodesiense Human African Trypanosomiasis (S1 TBR HAT). The study showed improved health outcomes with suramin treatment. PaxMedica plans to submit a New Drug Application (NDA) to the FDA in 2024 for using PAX-101 to treat Stage 1 African Sleeping Sickness. If approved, it would be the first drug in the U.S. for treating TBR HAT.

Portfolio Pulse from Vandana Singh

July 24, 2023 | 3:06 pm

INTC

Intel, in collaboration with Accenture, has released 34 open source AI reference kits to help developers and data scientists deploy AI more efficiently. The kits include model code, training data, and instructions for the machine learning pipeline. They are built on Intel's oneAPI programming model and components of Intel's AI software portfolio. The kits are designed to streamline the process of introducing AI into applications, enhancing existing solutions, and accelerating deployment.

Portfolio Pulse from Happy Mohamed

July 24, 2023 | 3:02 pm

APLD

Applied Digital Corp (APLD) reported Q4 FY23 revenue of $22 million, up 193% Y/Y, but missed the consensus of $29.57 million. The company launched an AI cloud service and acquired its first and second AI customers. For FY 2024, the company expects revenue within $385 million – $405 million and adjusted EBITDA of $195 million – $205 million. APLD shares are trading higher by 20.3% at $9.29.

Portfolio Pulse from Lekha Gupta

July 24, 2023 | 2:55 pm

TCNNF

Trulieve Cannabis Corp. is opening a new medical dispensary in Sanford, Florida. The dispensary will open on July 22 and will offer a broad selection of top-quality products. The company will host a grand opening celebration with partner giveaways, music, specials, discounts, and opportunities to register for upcoming patient education sessions. Trulieve's portfolio of in-house brands includes Alchemy, Co2lors, Cultivar Collection, Modern Flower, Momenta, Muse, Roll One, Sweet Talk, and Trekkers.

Portfolio Pulse from Vuk Zdinjak

July 24, 2023 | 2:48 pm

SPIKE

TSLA

Tesla, Inc (NASDAQ:TSLA) is showing signs of a potential reversal signal, indicating a bounce back from its recent lows. Despite beating Q2 earnings expectations, the stock has shown weakness compared to the general market. The upcoming deliveries of the highly-anticipated Cybertruck could potentially rally the stock. However, Tesla has reversed its upward trend and could establish a new downward trend. The stock has resistance at $271.71 and $285.83 and support at $254.98 and $234.35.

Portfolio Pulse from Melanie Schaffer

July 24, 2023 | 2:48 pm

BCDA

BioCardia Inc (NASDAQ:BCDA) has paused its Phase 3 pivotal CardiAMP Cell Therapy Heart Failure Trial on the recommendation of the independent Data Safety Monitoring Board (DSMB). The DSMB has completed a review of the data and recommended the trial be paused for a one-year follow-up outcomes analysis. The DSMB also noted that the trial was unlikely to meet its primary endpoint. Following the news, BCDA shares fell by 45.80%.

Portfolio Pulse from Vandana Singh

July 24, 2023 | 2:32 pm

MSFT

Microsoft's Bing AI chatbot is now available on Google Chrome and Safari browsers, as reported by The Verge. However, there are some limitations when using Bing Chat on these platforms, such as a 2,000-word prompt limit and the conversation resetting after five turns. Microsoft has also introduced a dark mode for Bing Chat.

Portfolio Pulse from Happy Mohamed

July 24, 2023 | 2:20 pm

AAPL

Apple Inc. is expected to increase the prices of its upcoming iPhone 15 Pro and iPhone 15 Pro Max models, according to a Bloomberg report. This would be a rare price hike for the company, which has not increased the prices of its 'Pro Max' iPhones since their introduction in 2018. The new iPhones are expected to be launched at Apple's September hardware event, but shipments could be delayed by a few weeks, according to Bank of America analyst Wamsi Mohan.

Portfolio Pulse from Rounak Jain

July 24, 2023 | 2:08 pm

ADDYY

ALNY

BDX

CME

CVX

DPZ

GSK

IAC

ICAGY

PFE

PHG

SPOT

TSLA

AT&T and Verizon face investor skepticism over lead-cable issue and debt load. Adidas receives orders worth $565M for unsold Yeezy inventory. IAC and publishers form coalition to address AI platform concerns. Tesla plans to meet India's commerce minister to discuss factory plans. Spotify raises prices for its premium plans in the U.S. CME Group plans to terminate 3% of workforce. Domino's Pizza reports a sales decline in Q2. Chevron releases Q2 results and announces management changes. Philips reports Q2 sales growth. Alnylam enters agreement with Roche for hypertension therapy. FDA approves BD's Alaris Infusion System. ViiV Healthcare's cabotegravir secures European backing for approval. IAG invests in Nova Pangaea Technologies.

Portfolio Pulse from Vandana Singh

July 24, 2023 | 2:07 pm

IMAX

IMAX Corporation (NYSE:IMAX) recorded a significant $35 million at the global box office from the release of Christopher Nolan's 'Oppenheimer' on 740 screens worldwide, marking one of the company's biggest weekends. In North America, the film opened to $21.1 million, with IMAX accounting for 26.2% of the domestic box office from 411 screens. The company's shares are trading higher by 5.24% at $17.27.

Portfolio Pulse from Nabaparna Bhattacharya

July 24, 2023 | 1:48 pm