Streetbeat News

Products Services

APLS

Apellis Pharmaceuticals' shares are trading lower due to safety concerns regarding its product, Syfovre.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2023 | 2:41 pm

NKLA

Nikola Corp's shares are trading lower by 6.2% to $2.11, potentially due to ongoing profit-taking after a 43% rally over the past five sessions. The company recently announced an agreement with BayoTech for the acquisition of up to 50 Nikola Class 8 fuel cell electric vehicles over five years. Nikola will also access hydrogen through BayoTech's hub network and procure up to ten transport trailers.

Portfolio Pulse from Henry Khederian

July 17, 2023 | 2:32 pm

GOOGL

QCOM

Samsung's upcoming foldable phone, the Galaxy Z Flip 5, has had its user interface and large cover display leaked ahead of its official launch on July 26. The phone is rumored to be powered by Qualcomm Inc.'s Snapdragon 8 Gen 2 chipset and has partnered with Alphabet Inc.'s Google to optimize core Google apps for the cover display.

Portfolio Pulse from Rounak Jain

July 17, 2023 | 2:22 pm

COYA

Coya Therapeutics Inc (NASDAQ:COYA) reported positive results from an open-label proof-of-concept clinical study for low-dose interleukin 2 (ld IL-2) in patients with Alzheimer's disease. The study showed a significant decrease in the blood levels of proinflammatory cytokines and chemokines, and a statistically significant improvement in cognitive function. The treatment was safe and well tolerated. A Phase 2 study is being conducted at the Houston Methodist Hospital with results anticipated in July 2024. COYA shares are up 2.99% at $4.13.

Portfolio Pulse from Vandana Singh

July 17, 2023 | 2:21 pm

ALNY

REGN

Alnylam Pharmaceuticals announced updated interim results for the Phase 1 study of ALN-APP, an investigational RNAi therapeutic for Alzheimer's disease, developed in collaboration with Regeneron Pharmaceuticals. The single doses of ALN-APP have been well tolerated and showed a rapid and sustained reduction in Alzheimer's-linked proteins. The company's shares soared by 9.62% following the announcement.

Portfolio Pulse from Vandana Singh

July 17, 2023 | 2:18 pm

LLY

Eli Lilly has presented the results from its Phase 3 trial of Donanemab at the Alzheimer's Association Conference. The study showed that Donanemab significantly slowed cognitive and functional decline in people with early symptomatic Alzheimer's disease.

Portfolio Pulse from Happy Mohamed

July 17, 2023 | 2:16 pm

AAL

ABOS

AMAT

BABA

BLK

MLTX

MSFT

RKLB

SPCE

UAL

Several companies have made significant announcements. Advanced Micro-Fabrication Equipment Inc and Naura Technology Group Co expect a doubling in profits due to the U.S. tech embargo. BlackRock Inc plans to expand its Voting Choice program to its largest ETF. Alibaba Group Holding Limited's stock is trading lower as China's Q2 GDP missed estimates. Ford Motor Co announced price cuts for its F-150 Lightning truck. Virgin Galactic Holdings Inc announced the crew of its seventh spaceflight. Rocket Lab USA Inc is preparing to launch a mix of satellites for NASA and commercial satellite constellation operators. Acumen Pharmaceuticals Inc's experimental Alzheimer's drug passed early safety tests. Sony Group Corp and Microsoft Corporation have reportedly reached a 10-year agreement to keep 'Call of Duty' games on PlayStation consoles. Proximus SA is acquiring a 58% stake in Route Mobile. Entain PLC plans to acquire Angstrom Sports. Hennes & Mauritz AB is launching its stores in Brazil. American Airlines Group Inc and JetBlue Airways Corp have initiated the process of dissolving the Northeast Alliance. United Airlines Holdings Inc and its pilots have reached a labor agreement with a substantial pay raise. MoonLake Immunotherapeutics is reportedly looking for a potential sale. Toshiba Corp plans to establish a supply chain for offshore wind power equipment in Japan with General Electric Company.

Portfolio Pulse from Vandana Singh

July 17, 2023 | 2:13 pm

TSLA

Tesla shares are trading higher following positive analyst coverage and the announcement of the first Cybertruck production. Wells Fargo and Wedbush analysts maintained positive ratings for Tesla and raised their price targets. The company is expected to start Cybertruck deliveries in Q3. Tesla is also set to report Q2 financial results, with expected earnings of 81 cents per share on quarterly revenue of $24.53 billion.

Portfolio Pulse from Adam Eckert

July 17, 2023 | 2:13 pm

Ford Motor Company has announced price cuts for all versions of its electric F-150 Lightning pickup, leading to a decrease in its share prices.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2023 | 2:09 pm

BGXX

Bright Green Corporation (NASDAQ:BGXX) is launching a university-based EB-5 initiative to provide foreign students in the US the opportunity to purchase an EB-5 visa through Bright Green. The company also plans to support US university cannabis research. The CEO, Seamus McAuley, emphasized the company's dedication to the application of scientific rigor to the development of their medicines and therapies.

Portfolio Pulse from Vuk Zdinjak

July 17, 2023 | 2:06 pm