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Merck & Co Inc announced that its Phase 3 AMBASSADOR trial evaluating Keytruda, a cancer drug, met one of its dual primary endpoints of disease-free survival for the adjuvant treatment of localized muscle-invasive urothelial carcinoma and locally advanced urothelial carcinoma. The trial will continue to evaluate its other dual primary endpoint of overall survival. Other Phase 3 studies in muscle-invasive bladder cancer include the KEYNOTE-866 trial and the Phase 3 KEYNOTE-B15 and Phase 3 KEYNOTE-905 trials, which are being conducted in collaboration with Seagen Inc and Astellas Pharma Inc.

Portfolio Pulse from Vandana Singh

October 05, 2023 | 1:35 pm

AAPL

Apple Inc. has successfully fixed the overheating issue in its iPhone 15 Pro without impacting the device's performance, according to early benchmark tests. The issue, which was speculated to be due to the new titanium design, was resolved with the iOS 17.0.3 update. The fix has not affected the CPU and GPU performance of the device.

Portfolio Pulse from Rounak Jain

October 05, 2023 | 1:34 pm

LGVN

Longeveron Inc announced positive results from the Phase 2a trial of its investigational product Lomecel-B for mild Alzheimer's disease. The primary endpoint of safety was met, with no significant safety issues raised. Statistically significant improvement was observed in Composite Alzheimer's Disease Score (CADS) and slowing of disease progression. However, LGVN shares are down 4.41% at $2.40 on the last check Thursday.

Portfolio Pulse from Vandana Singh

October 05, 2023 | 1:33 pm

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Entrepreneur Gary Vaynerchuk's Veefriends entertainment company is partnering with Gregorys Coffee to launch a limited time exclusive drink for the fall season. The partnership marks a new venture into the consumables category for Veefriends, which has previously partnered with companies like Fanatics, Toys “R” Us and Mattel Inc. Veefriends has also announced a partnership with Crocs Inc for the 50th annual village Halloween Parade in New York. The company's Series 1 NFTs have a floor price of 2.2 Ethereum, while Series 2 NFTs have a floor price of 0.105 Ethereum.

Portfolio Pulse from Chris Katje

October 05, 2023 | 1:17 pm

AREB

American Rebel Holdings, Inc. (NASDAQ:AREB) has announced its expansion into the beverage industry with the launch of American Rebel Beer. The company has partnered with BevSource, a leading provider of beverage development, sourcing, and production solutions, and City Brewing Company, the largest alcoholic beverage contract manufacturer in the U.S., to bring the beer to market. The roll-out of the light beer will begin on a regional basis in early 2024 and is expected to scale nationally in 2025.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 1:12 pm

POWI

Power Integrations (NASDAQ:POWI) and SnapMagic have announced a collaboration to advance power supply design automation. Power Integrations' online design tool, PI Expert, now features schematic and netlist export, made possible by SnapMagic's new schematic export technology. This eliminates the need for manual transcription into a CAD package for simulations and physical layout, saving time and reducing errors. The tool is compatible with Cadence OrCAD, Altium, Autodesk Eagle / Fusion360 and KiCad.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 1:10 pm

SOFI

SoFi Technologies Inc's shares are trading slightly lower. The company's subsidiary, Galileo Financial Technologies, announced its Buy Now, Pay Later offering can now be offered by lenders as an option for small business clients. This is part of its partnership with Mastercard. Jim Cramer on CNBC's 'Mad Money' recommended buying and holding SoFi shares. SoFi is set to report its third-quarter financial results this week.

Portfolio Pulse from Adam Eckert

October 05, 2023 | 1:06 pm

MSGM

The exclusive simulation-style NASCAR video game license has been sold to iRacing. Motorsport Games will continue to support current NASCAR titles for the remainder of 2023 and throughout 2024. The transaction amount was not disclosed.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 1:06 pm

LCID

Lucid has introduced a new model, the Air Pure Rear-Wheel Drive (RWD), priced at $77,400. The vehicle boasts a range of 410 miles, more than any other electric car except other Lucid models. The company's proprietary technology allows for faster charging, adding up to 150 miles in less than 12 minutes with DC fast charging.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 1:03 pm

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NVO

Novo Nordisk's weight-loss treatment, Wegovy, has brought substantial economic benefits to Denmark, leading to a revision of the country's annual economic growth forecast. The company's success has also boosted Denmark's reputation as a hub for scientific innovation. However, concerns are rising about the Danish economy's dependence on a single company. Novo Nordisk's shares are up 0.20% in premarket trading.

Portfolio Pulse from Vandana Singh

October 05, 2023 | 1:01 pm