Federal boost for Navitas
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What is the main topic discussed in this episode?
Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. It's good to be here with you on this Tuesday, September 29th. I'm Julie Morgan.
How did the U.S. Army award boost Navitas Semiconductor stock?
Navitas Semiconductor disclosed on Monday that it has been selected by the U.S. Army to develop next generation silicon carbide technology. The company will work on a project that helps develop a domestic manufacturing process for ultra-high voltage silicon carbide power semiconductor devices through iterative design, fabrication, and testing. One Navitas executive said the award. Marks a significant milestone in advancing the technology and recognizes the company's more than 20 years of innovation. Navitas is up twelve percent in pre market action.
What new acquisitions is Eli Lilly pursuing, and which disease areas could it target?
The CEO of Eli Lilly said he is eyeing additional deals for the drug maker, adding that they could be larger than recent deals and in different disease areas than some of the latest agreements. David Ricks highlighted infectious disease, women's health, and mental health as therapeutic areas where Lily could make a difference. He indicated to Bloomberg in an interview that he may be interested in companies with. earlier stage assets. He said they'll look at data that's not yet mature and make a bet on it way before the companies are worth billions of dollars. Instead they're worth millions of dollars. He went on to say that if they make enough smart bets, it tends to pay off. Lily has already been on an acquisition spree this year.
According to Endpoint's news through the first half of twenty twenty six, Lily was responsible for eleven of the forty-five major acquisitions in biopharma.
Why did a judge keep the Pfizer, BioNTech, and Moderna mRNA patent lawsuits alive?
A Delaware federal judge on Monday rejected requests from Pfizer, BioNTech, and Moderna to dismiss lawsuits filed against them by Bayer's Monsanto unit regarding the drug makers' use of a patent related to mRNA technology. The patent in question deals with bolstering mRNA in crops to boost the expression of a pest resistant protein. Monsanto argued in their lawsuit that the companies use the patent in their COVID nineteen mRNA vaccines to eliminate problem coding sequences in the building blocks of cells to improve mRNA stability and the amount or quality of protein produced. Judge William Bryson said that the companies neglected to prove that the 118 patent was invalid or not infringed by their vaccines.
Moderna had argued that the patent covers an unpatentable law of nature. Monsanto also has a lawsuit in a New Jersey federal court against Johnson ⁇ Johnson involving the same technology.
Which stocks could benefit from the September dip, including Lockheed Martin?
Now for a look at a few other articles that are trending. Jobs and rents could shape the Fed's twenty twenty seven path. AMD will acquire world labs in an eight point two billion dollar all stock deal. And the top four stocks for Q4 by the September dip. This article is by our head of quantitative research, Steve Cress. If you remember, at the beginning of this month, we told you about another article entitled, It's September: Brace for Impact with Top Growth in Income Stocks. That article talked about the fact that September is historically weak. Well, now that we've made it to the end of the month, how can you benefit from that weakness? I spoke to Steve yesterday about the September dip and the top four stocks for Q4.
He told me about number three on the list, which he said is arguably the most attractive.
Lockheed Martin, which is aerospace and defense. Uh, this is a quant strong buy. You're of course aware that there are wars all over the globe right now. Many military resources have been depleted. And that should put Lockheed Martin in a very good position with orders coming across the globe. And they have one of the biggest backlogs ever. So that stock has been a little bit weak, and we still have a quant strong buy on it.
You can find numbers one, two, and four from the list in the article. I'll leave a link in the show notes section.
What company and technology events are investors watching today?
Now for a look at our catalyst to watch for the day. OpenAI's dev day will begin. CEO Sam Altman is scheduled to give the opening keynote at the developer event.
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Chapters
7 chapters
1
What is the main topic discussed in this episode?
0:01–0:14
2
How did the U.S. Army award boost Navitas Semiconductor stock?
0:14–0:52
3
What new acquisitions is Eli Lilly pursuing, and which disease areas could it target?
0:52–1:48
4
Why did a judge keep the Pfizer, BioNTech, and Moderna mRNA patent lawsuits alive?
1:48–2:50
5
Which stocks could benefit from the September dip, including Lockheed Martin?
2:50–4:15
6
What company and technology events are investors watching today?
4:15–4:48
7
Which stocks moved the market, and what economic data is due today?
4:48–5:54