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LUCY

Innovative Eyewear has announced a licensing agreement with Authentic Brands to use the Reebok brand for smart eyewear. The initial Reebok Smart Eyewear collection is expected to launch in early 2024.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2023 | 11:04 am

SPOT

Spotify is planning a new premium tier, which is expected to include high-fidelity audio, according to Bloomberg.

Portfolio Pulse from Charles Gross

June 20, 2023 | 11:02 am

BR

Broadridge Financial Solutions (BR) has been granted a patent for its machine learning technology designed to enhance securities-based lending. The technology aims to improve risk management and streamline the lending process.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2023 | 11:01 am

FXI

QCOM

DigiTimes reports that sluggish demand in China has prompted Qualcomm and Mediatek to cut wafer starts and prices. This may affect the stock prices of both companies in the short term.

Portfolio Pulse from Charles Gross

June 20, 2023 | 10:51 am

MRK

Merck has released topline results from its Phase 3 KEYNOTE-585 trial for locally advanced resectable gastric and gastroesophageal junction adenocarcinoma. The trial did not meet its primary endpoint of improving disease-free survival.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2023 | 10:49 am

AAPL

GOOG

GOOGL

HNHPF

Google is in early talks with Indian suppliers Lava International, Dixon Technologies, and Foxconn's Indian unit Bharat FIH to assemble Pixel smartphones in India, following Apple's strategy. The potential partners have won India's production-linked financial incentives, boosting local manufacturing.

Portfolio Pulse from Anusuya Lahiri

June 20, 2023 | 10:46 am

ABT

SRDX

Surmodics has received FDA approval for its SurVeil Drug-Coated Balloon (DCB). Abbott holds exclusive worldwide commercialization rights for the product, and Surmodics will manufacture and supply it. Surmodics will receive a $27 million milestone payment from Abbott and expects to recognize $24.0 to $24.5 million of revenue in Q3 of fiscal year 2023.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2023 | 10:34 am

EVEX

Eve Air Mobility (NYSE:EVEX) has signed a Letter of Intent with Nordic Aviation Capital to promote eVTOL aircraft through optimized leasing strategies. NAC will acquire 15 firm plus 15 optional eVTOLs to be leased to fleet operators.

Portfolio Pulse from Charles Gross

June 20, 2023 | 10:33 am

EVEX

Eve Air Mobility (NYSE:EVEX) and Voar Aviation have signed a Letter of Intent to evaluate the sale and purchase of 70 electric vertical take-off and landing (eVTOL) aircraft for operation in Brazil. The companies will also explore a potential partnership in Urban Air Mobility services.

Portfolio Pulse from Charles Gross

June 20, 2023 | 10:32 am

EVEX

Eve Air Mobility (NYSE: EVEX) extends its partnership with Widerøe Zero, aiming to launch eVTOL operations in Scandinavia with up to 50 aircraft. The agreement includes a service and operation solutions package and the implementation of Eve's Urban Air Traffic Management software.

Portfolio Pulse from Charles Gross

June 20, 2023 | 10:31 am