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ARDS

Aridis Pharmaceuticals has received FDA Qualified Infectious Disease Product Designation for its product AR-301, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 12:17 pm

OTIS

Otis Worldwide Corporation (OTIS) has inaugurated a new printed circuit board (PCB) production hall in Berlin, Germany. The company invested 8 million euros in the facility, which will focus on advanced PCB designs and rapid prototyping for series productions. The PCBs produced in Berlin are used in Otis elevators and escalators worldwide. The new production hall is part of the Otis SSI1 Electronics Berlin factory, which employs over 180 people.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 12:16 pm

IBM

TFC

Truist Financial Corp (TFC) and IBM have announced a collaboration to explore the application of quantum computing in the banking industry. Truist will join the IBM Quantum Accelerator program and IBM will become a Truist Innovator in Residence. The collaboration aims to develop Truist's internal expertise in quantum computing and explore how the technology could benefit their use cases in consumer banking.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 12:14 pm

NVO

A study reveals that only 32% of patients prescribed Novo Nordisk's weight-loss drug, Wegovy, were still using the medication a year after their initial prescription, indicating a significant drop in adherence. The average annual cost of care for patients increased by 59% after starting the medication. The study was conducted by Prime Therapeutics, a pharmacy benefits manager, reviewing data for 4,255 people. NVO shares are up 0.71% at $153.33 during the premarket session on the last check Wednesday.

Portfolio Pulse from Vandana Singh

July 12, 2023 | 12:14 pm

CMG

Chipotle Mexican Grill (NYSE:CMG) has partnered with Vebu to develop Autocado, a cobotic prototype for processing avocados. The prototype is currently being tested at the Chipotle Cultivate Center in Irvine, California.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 12:08 pm

TSLA

Tesla is planning to enter the UK energy market as a household electricity supplier, according to a recent job listing. The company, which already operates an energy supply business in the US, aims to sell electricity to homes and run 'virtual power plants'. Tesla Electric, the company's energy supply arm, is expected to support the transition of the electricity grid to 100% renewables. The move could help Tesla customers store cheap electricity and sell it back to the grid at higher market prices.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 12:06 pm

CVS

CVS Health Corp's unit, Caremark, experienced an unexpected system slowdown that halted prescription processing, leaving some patients without their medications. The issue affected all types of businesses managed by CVS Caremark, which funds prescriptions at thousands of drugstores. The system is now operational, but there might be temporary delays due to a backlog of prescriptions. The cause of the issue was not disclosed.

Portfolio Pulse from Vandana Singh

July 12, 2023 | 12:06 pm

BIAF

The American Medical Association (AMA) has issued a Current Procedural Terminology (CPT) code for bioAffinity Technologies' CyPath Lung, a noninvasive test for early-stage lung cancer. This could potentially increase the usage and adoption of the test.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 12:04 pm

ARDS

Aridis Pharmaceuticals has announced that its product AR-301 has received the FDA's Qualified Infectious Disease Product designation. This designation will expedite the development and review process of the drug.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 12:02 pm

AZN

LianBio has announced a clinical supply agreement with AstraZeneca in China to evaluate BBP-398 in combination with Osimertinib for patients with non-small cell lung cancer with EGFR mutations.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 12:01 pm