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SON

Sonoco Products Company (NYSE:SON) announced it will acquire Eviosys, a leading European food can manufacturer, from KPS Capital Partners for $3.9 billion. The acquisition will make Sonoco the leading global manufacturer of metal food cans and aerosol packaging, with expected synergies of over $100 million.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 10:03 am

IDYA

Ideaya Biosciences announced updates for its IDE397 Phase 2 clinical program targeting MTAP-deletion solid tumors. The program includes expansion in bladder and squamous lung cancer, with data expected in H2 2024. Over 35 clinical trial sites have been activated globally.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 10:02 am

AAPL

BABA

NFLX

VGT

VUG

Apple Inc. (AAPL) has added Alibaba (BABA) and JD.com (JD) apps to its Vision Pro headset in China to boost its market success. The headset, priced at $3,500, has struggled in the U.S. but will launch in China, Japan, and Singapore on June 28. Apple aims to navigate regulatory challenges and enhance its product offerings in China.

Portfolio Pulse from Benzinga Neuro

June 24, 2024 | 9:45 am

EPAC

FDS

KMX

NVDA

XAIR

Investor optimism improved despite mixed stock performance on Friday. The S&P 500 closed lower, driven by a 3% drop in Nvidia, while the Dow Jones ended marginally higher. FactSet Research Systems saw a 4% gain after strong earnings, and CarMax edged higher post-results. Investors await earnings from Enerpac Tool Group and Beyond Air.

Portfolio Pulse from Avi Kapoor

June 24, 2024 | 7:42 am

iQIYI, a leading online entertainment service in China, announced plans to launch VR location-based experiences across major Chinese cities this summer, with global expansion to follow. The initiative aims to expand into offline commercial spaces and the cultural tourism market, leveraging VR technology to transform IPs into captivating offline experiences.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 7:40 am

NVDA

Nvidia has signed a deal with Ooredoo, a Qatari telecom company, to provide AI technology to data centers in five Middle Eastern countries. This marks Nvidia's first large-scale deployment in the region, despite U.S. export curbs. Ooredoo aims to become the leading digital infrastructure provider in the Middle East and North Africa.

Portfolio Pulse from Shanthi Rexaline

June 24, 2024 | 7:26 am

RXO

UPS

RXO (NYSE:RXO) is set to acquire Coyote Logistics from UPS for $1.025 billion in cash. This acquisition will make RXO the third-largest provider of brokered transportation in North America, significantly enhancing its market position and customer base. The deal is expected to be immediately accretive to RXO's earnings and free cash flow.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 7:17 am

GUTS

Fractyl Health, Inc. (NASDAQ:GUTS) presented new preclinical data on its Rejuva pancreatic gene therapy program for obesity and type 2 diabetes at the American Diabetes Association's 84th Scientific Sessions. The study showed promising results in maintaining body composition and glycemia in a mouse model after semaglutide withdrawal.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 7:12 am

MDT

Medtronic plc (NYSE:MDT) presented new data at the American Diabetes Association's 84th Scientific Sessions showcasing the benefits of its MiniMed™ 780G system in addressing hyperglycemia and reducing nighttime burden for diabetes patients. The data highlights significant improvements in managing high blood sugar levels and reducing sleep disruptions compared to the previous MiniMed™ 770G system.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 6:57 am

PODD

Insulet Corporation (NASDAQ:PODD) announced positive results from its Omnipod 5 Automated Insulin Delivery System pivotal trial for type 2 diabetes at the ADA 84th Scientific Sessions. The trial showed significant glycemic improvements, reduced HbA1c, and improved time in range without increasing hypoglycemia.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 6:56 am