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AAPL

Apple Inc. (NASDAQ:AAPL) has increased its market share in global smartphone shipments to 17% in Q2 2023, up from 16% a year ago, despite a global slowdown in smartphone shipments. Apple's shipments fell by only 2%, compared to an 8% decline in global smartphone shipments. Apple's resilience is attributed to the premium nature of iPhones, which are relatively immune to the slowdown. Apple's gains were particularly notable in markets like India, where its shipments registered a 50% year-on-year growth.

Portfolio Pulse from Rounak Jain

July 18, 2023 | 1:29 pm

MDT

Medtronic has recalled its Implantable Cardioverter Defibrillators (ICDs) and Cardiac Resynchronization Therapy Defibrillators due to a risk of low or no energy output during high voltage therapy. The company has reported 28 incidents, 22 injuries, and no deaths related to this issue.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 1:20 pm

ABT

STXS

Stereotaxis (NYSE:STXS) and Abbott (NYSE:ABT) have successfully treated the first patients using a combination of Abbott's EnSite™ X EP System and Stereotaxis' Robotic Magnetic Navigation System. The integration of these technologies was announced at Heart Rhythm 2023 and the first procedures were conducted in The Netherlands and Germany. The combination of advanced mapping with robotics provides enhanced therapy for patients and improved workflow for physicians.

Portfolio Pulse from Happy Mohamed

July 18, 2023 | 1:19 pm

TYL

Tyler Technologies, Inc. (NYSE:TYL) has signed an agreement with the city of Albuquerque, New Mexico, to provide its Enterprise Permitting & Licensing solution suite. The suite, powered by Amazon Web Services (AWS), will automate governmental operations, simplify regulatory reviews, and improve business compliance processes. The city selected Tyler as the best-in-class provider of a comprehensive enterprise permitting and licensing solution.

Portfolio Pulse from Happy Mohamed

July 18, 2023 | 1:17 pm

AZN

SNY

The FDA has approved AstraZeneca and Sanofi's Beyfortus for the prevention of respiratory syncytial virus (RSV) lower respiratory tract disease in newborns and infants. The approval covers children up to 24 months of age. Beyfortus was approved in the EU in November 2022 and applications are under review in China, Japan, and other countries. The drug will be available in the US before the 2023-2024 RSV season.

Portfolio Pulse from Vandana Singh

July 18, 2023 | 1:07 pm

DFLI

Dragonfly Energy is set to receive another patent for its deep-cycle battery design. The company's innovative technology could potentially revolutionize the energy storage industry.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 1:04 pm

AGRX

Agile Therapeutics, Inc. (NASDAQ:AGRX) has announced partnerships with FPA Women's Health and vitaCare Prescription Services to expand access to its low-dose weekly birth control patch, Twirla. The partnerships will help Agile reach its target net revenue of $25-$30 million for the year. Telehealth platforms like Nurx, which Agile has also partnered with, provide birth control prescriptions and other basic healthcare services to patients nationwide, filling gaps in America's contraception landscape.

Portfolio Pulse from Happy Mohamed

July 18, 2023 | 1:04 pm

FTRE

IXHL

Incannex Healthcare Limited (NASDAQ:IXHL) has engaged Fortrea (NASDAQ:FTRE) to manage the IND opening phase 2/3 clinical trial of its drug IHL-42X for the treatment of obstructive sleep apnea. The trial will assess the safety and efficacy of IHL-42X over a 52-week treatment period. The initial phase 2 trial demonstrated a significant reduction in the Apopnea Hypopnea Index score and improved sleep quality.

Portfolio Pulse from Vuk Zdinjak

July 18, 2023 | 1:03 pm

BWA

ON

onsemi (NASDAQ:ON) and BorgWarner Inc. (NYSE:BWA) have expanded their strategic collaboration for silicon carbide (SiC), making the total agreement worth over $1 billion in lifetime value. BorgWarner plans to integrate onsemi's EliteSiC 1200 V and 750 V power devices into its VIPER power modules for traction inverter solutions to increase the performance of electric vehicles.

Portfolio Pulse from Happy Mohamed

July 18, 2023 | 1:03 pm

MDB

MSFT

MongoDB has expanded its global collaboration with Microsoft. Developers who access the Azure portal will now be able to discover and use MongoDB Atlas. This strategic partnership is aimed at accelerating workload migrations to MongoDB Atlas on Microsoft Azure.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 1:02 pm