Month: August 2018

This week was ruled by FDA and EU approvals for new cancer therapies as well as line extensions of cancer drugs. These included EU approvals for Novartis’ NVS CAR-T Kymriah and Tafinlar plus Mekinist combination for a third indication and FDA approval for AbbVie ABBV /J&J’s JNJ Imbruvica in combination with Roche’s RHHBY Rituxan for a rare cancer. The FDA also approved Merck’s MRK two new HIV medicines containing its investigational medicine, doravirine. […]

Pfizer Inc. PFE announced that it has terminated two clinical studies evaluating its pipeline candidate, domagrozumab, in patients with Duchenne muscular dystrophy (“DMD”), a progressive muscle degeneration disease. The two studies included a phase II study evaluating the candidate in patients regardless of underlying mutation and another was an open-label extension study. […]

Shares of Insperity Inc. NSP scaled a new 52-week high of $120.15 during the trading session on Aug 29, before closing a tad lower at $118.70. […]

Cimarex Energy Co. XEC announced approvals from its board of director to hike its quarterly cash dividend. The new dividend of 18 cents per share reflects a hike of 12.5% as compared to the preceding payout of 16 cents. […]

Of late, artificial intelligence (AI) has become a critical factor of production as organizations increasingly realize that the ‘think robot’ has the capacity to change work flows, achieve new sources of growth and redefine the role of individuals to enhance productivity. This radical change in technology simplifies complex physical tasks and significantly boosts the production process on a large scale, allowing greater output and reduced costs. On this cue, Sony Corporation SNE has been focusing on embedding AI and robotic capabilities within its audio video (AV) technologies to counter the existing and probable future threats to the Japanese technology and entertainment group from other tech giants. […]

Sunny days seem to be back for the Property and Casualty insurance industry by the grace of Mother Nature. Given a benign catastrophe environment, the primary factor responsible for property casualty insurers’ profitability, the industry players should experience underwriting profit compared with losses incurred over the last few years. […]

This Labor Day weekend is expected to see busy roads and skies. After all, this will be the final summer holiday trip before parents start preparing for another busy school season. People are willing to take long trips on increased financial confidence, backed by rising income levels and a healthy labor market. […]

Nutanix Inc. NTNX reported fourth-quarter fiscal 2018 loss of 11 cents per share, which was narrower than the Zacks Consensus Estimate of 22 cents as well as the year-ago quarter’s loss of 17 cents. Revenues increased 20% from the year-ago quarter to $303.7 million and surpassed the Zacks Consensus Estimate of $298 million […]

Snap Inc. SNAP recently announced the appointment of Kristen O’Hara as the vice president of U.S. […]

Verizon Communications Inc. VZ has announced that it is upgrading its Cat M network by adding voice capabilities for Internet of Things (IoT) solutions. […]

Take Two ’s TTWO publisher 2K expanded its portfolio by partnering with HB Studios to publish The Golf Club 2019 Featuring PGA TOUR . HB Studios known for its “award-winning golf simulation series” has developed The Golf Club 2019 Featuring PGA TOUR a sequel to The Golf Club 2 . The online multiplayer game, for the first time, allows players to experience a career mode, in addition to other new features and content […]

Shares of Paylocity Holding Corporation PCTY rallied to a new 52-week high of $80.96, eventually closing a tad lower at $80.27 on Aug 30. Notably, the stock has been witnessing an upside, appreciating 70.2% year to date compared with the industry ’s rally of 27.3%. […]