Streetbeat News

Products Services

CYTH

Cyclo Therapeutics (NASDAQ:CYTH) has published positive data from its Phase 1/2 clinical trial for Trappsol Cyclo, a treatment for Niemann-Pick Disease Type C1. The trial demonstrated promising safety and efficacy results, with an 88.9% improvement in at least two domains of the 17-Domain Niemann-Pick Type C1 Clinical Severity Scale. The company is currently enrolling for its Phase 3 study, expected to be completed by the end of this year.

Portfolio Pulse from Happy Mohamed

June 29, 2023 | 5:38 pm

EIGR

Eiger BioPharmaceuticals Inc has announced a strategic shift towards advancing avexitide in hyperinsulinemic hypoglycemia indications and commercializing Zokinvy for Hutchinson-Gilford progeria syndrome. The company plans to reduce its workforce by 25% and cut spending on its hepatitis delta development program to extend its cash runway until Q4 2024. David Apelian, interim CEO since December 2022, has been appointed as the permanent CEO. Eiger is also considering strategic partnerships for its virology assets.

Portfolio Pulse from Vandana Singh

June 29, 2023 | 5:36 pm

KDP

KO

PEP

The World Health Organization (WHO) is expected to categorize aspartame, a key ingredient in many diet and low-sugar beverages, as a potential carcinogen. This could impact major beverage companies like Coca-Cola (NYSE:KO), PepsiCo (NYSE:PEP), and Keurig Dr. Pepper Inc (NASDAQ:KDP), which use aspartame in their products. The new ruling could compel these companies to alter their recipes or include warnings on their products, potentially leading to a sales decline.

Portfolio Pulse from Chris Katje

June 29, 2023 | 5:29 pm

AMZN

QRTEA

Qurate Retail Group has announced the launch of QVC and HSN linear channels on Amazon Freevee, making them the first and only livestream shopping channels on the service. Qurate will also launch The Big Dish, its first FAST Channel. QVC and HSN will offer Freevee customers approximately 40 hours a day of live vCommerce programming across both channels. The Big Dish will feature a mix of pre-recorded culinary programming from QVC and QVC2, and will expand to feature HSN culinary content and original culinary shows from the QVC+ and HSN+ streaming app.

Portfolio Pulse from Happy Mohamed

June 29, 2023 | 5:04 pm

EWC

GOOG

GOOGL

Google plans to remove links to Canadian news from its search and other products in Canada when the new online news law takes effect. This move is in response to the upcoming legislation that requires tech companies to pay for news content.

Portfolio Pulse from Happy Mohamed

June 29, 2023 | 5:04 pm

AMZN

VSCO

Telsey Advisory Group analyst Dana Telsey has reiterated a Market Perform rating on Victoria's Secret & Co. (VSCO) with a price target of $21. The analyst is optimistic about VSCO's 'store-of-the-future' concept, which is smaller and more technologically equipped than its previous stores. By the end of FY23, around 10% of VSCO's stores will be in this new format. The company is also expanding this concept to its top 100 locations. Telsey also praised VSCO's partnership with Amazon (AMZN), noting that there are ways to strengthen the partnership further. However, the analyst noted that the current macro backdrop and category weakness make visibility to nearer-term profitability potential more challenging.

Portfolio Pulse from Nabaparna Bhattacharya

June 29, 2023 | 4:51 pm

JAKK

TGT

JAKKS Pacific has announced the launch of the second wave of the Super Mario Bros. movie collection, which includes figures, accessories, playsets, and a remote control toy. These products are available at Target in the US and other global retailers.

Portfolio Pulse from Happy Mohamed

June 29, 2023 | 4:41 pm

PSTV

Plus Therapeutics Inc (NASDAQ:PSTV) has released interim updates from its ReSPECT-GBM and ReSPECT-LM studies of rhenium (186Re) obisbemeda for recurrent glioblastoma and leptomeningeal metastases. The data, presented at the Society of Nuclear Medicine & Molecular Imaging Annual Meeting, showed that a single dose of rhenium (186Re) obisbemeda was generally safe and well-tolerated, with no dose-limiting toxicities and minimal systemic radiation exposure. The company's shares are up 1.59% at $2.56.

Portfolio Pulse from Vandana Singh

June 29, 2023 | 4:39 pm

TSLA

VWAGY

Electrify America, a subsidiary of Volkswagen Group, has announced plans to add the North American Charging Standard connector to its network by 2025. The company will continue to support the CCS-1 connector standard throughout its network.

Portfolio Pulse from Happy Mohamed

June 29, 2023 | 4:33 pm

MCD

McDonald's Corp (MCD) stock has been steadily rising, battling the psychological resistance level of $300 per share, failing at this level twice. The introduction of a limited-edition berry-flavored milkshake, the Grimace Shake, caused a frenzy on TikTok, generating a wave of excitement and transforming the product launch into an organic, viral marketing campaign. This has contributed to the consistent rise in McDonald's stock. If the stock successfully breaches the $300 resistance, it could herald a new long-term upward trend for McDonald's.

Portfolio Pulse from Zaheer Anwari

June 29, 2023 | 3:54 pm