Streetbeat News

Regulatory

DERM

Journey Medical Corporation (NASDAQ:DERM) announced data from a comparative bioavailability study of DFD-29 vs. Solodyn. The study demonstrated that the systemic exposure of DFD-29 was significantly lower than that of Solodyn. The company plans to submit a New Drug Application to the FDA for DFD-29 in the fourth quarter of 2023. DFD-29 is being developed for the treatment of rosacea in collaboration with Dr. Reddy's Laboratories Ltd.

Portfolio Pulse from Benzinga Newsdesk

October 20, 2023 | 12:33 pm

MRK

Merck has reported results from the Phase 3 KEYNOTE-671 trial evaluating KEYTRUDA, its Anti-PD-1 therapy, as a perioperative treatment regimen for NSCLC patients.

Portfolio Pulse from Benzinga Newsdesk

October 20, 2023 | 12:04 pm

ARQT

New data from the DERMIS trials shows that 95% of individuals treated with ZORYVE Cream 0.3% had a measurable improvement in Psoriasis Area and Severity Index (PASI) at Week 8. Over 85% achieved measurable improvement by Week 2. The data also confirms that ZORYVE is well tolerated according to both investigator and patient local tolerability assessments.

Portfolio Pulse from Benzinga Newsdesk

October 20, 2023 | 12:04 pm

AMZN

Amazon has denied allegations by the Federal Trade Commission (FTC) that it deceived subscribers to its Amazon Prime service. The FTC accused Amazon of using 'dark patterns' to trick consumers into enrolling in automatically renewing Prime subscriptions. Amazon's attorneys have requested a U.S. judge to dismiss the lawsuit, insisting that the Prime sign-up and cancellation processes are transparent. Amazon shares traded lower by 0.19% premarket on the last check Friday.

Portfolio Pulse from Anusuya Lahiri

October 20, 2023 | 11:47 am

META

Instagram, owned by Meta Platforms Inc. (NASDAQ:META), has apologized for a translation error that labeled some Palestinian user profiles as 'terrorist'. The error affected users who had mentioned 'Palestinian' in English on their profile, along with the Palestinian flag emoji, and the Arabic word 'alhamdulillah'. The issue was first reported by TikTok user YtKingKhan. Meta has previously been accused of censoring posts supporting Palestine during the Israel-Hamas war.

Portfolio Pulse from Rounak Jain

October 20, 2023 | 11:45 am

BABA

BIDU

NVDA

TCEHY

Alibaba Group Holding Limited (NYSE:BABA), Baidu, Inc (NASDAQ:BIDU), Nvidia Corp (NASDAQ: NVDA), and Tencent Holding Ltd (OTC:TCEHY) are facing potential impacts due to the escalating U.S.-China geopolitical tensions. The U.S. has imposed an embargo on advanced artificial intelligence technology to China, which could affect the AI ambitions of these companies. The sanctions will force Nvidia to halt shipments to China of two processors. Chinese tech firms have ordered over $5 billion in Nvidia chips, many of which remain undelivered.

Portfolio Pulse from Anusuya Lahiri

October 20, 2023 | 11:25 am

CVS

CVS Health Corp has decided to remove certain decongestant products containing oral phenylephrine from its stores, following an advisory by a panel to U.S. health regulators that found the ingredient to be ineffective in alleviating congestion. The FDA has not yet finalized its stance or instructed the removal of these products from marketplaces, but CVS has voluntarily taken them off its shelves. Customers can still find alternative congestion-relief products at CVS locations.

Portfolio Pulse from Shivani Kumaresan

October 20, 2023 | 11:14 am

AAPL

FXI

SPY

China's Vice Premier Ding Xuexiang has stated that China is willing to provide more opportunities for foreign-funded enterprises, including Apple, to develop in China.

Portfolio Pulse from Charles Gross

October 20, 2023 | 11:07 am

VNDA

Vanda Pharmaceuticals plans to petition the US Supreme Court over its HETLIOZ ANDA litigation. The company argues that the US Court of Appeals for the Federal Circuit applied a flawed standard in assessing obviousness when it affirmed a lower court decision finding several of Vanda's HETLIOZ patents invalid.

Portfolio Pulse from Benzinga Newsdesk

October 20, 2023 | 11:05 am

AAPL

GOOG

META

The U.S. Federal Communications Commission (FCC) has approved Google (Alphabet Inc.), Apple Inc., and Meta Platforms Inc. to distribute their new mobile virtual and augmented reality devices. The devices are designed to operate on the same airwaves as Wi-Fi-enabled gadgets. This approval allows these companies to roll out their latest wearable tech and in-car services, and also permits the sharing of navigation data between smartphones and vehicles.

Portfolio Pulse from Benzinga Neuro

October 20, 2023 | 10:29 am