On Monday, Shares of Apple Inc. (NASDAQ:AAPL), gained 0.96% to $115.31.
Apple was the Dow Component’s biggest gainer in the session. Shares rose after the company said its latest iPhones are on pace to surpass last year’s first-weekend sales. Early reports also show pre-order demand for iPhone 6s and 6s plus were stronger in China than most regions on their first day of availability. Separately, Barron’s is calling for Apple stock to rise another 50% in the next year on its new iPhone lease program. Yahoo Finance Reports
Apple Inc. designs, manufactures, and markets mobile communication and media devices, personal computers, watches, and portable digital music players worldwide. The company also sells related software, services, accessories, networking solutions, and third-party digital content and applications.
Shares of QUALCOMM Incorporated (NASDAQ:QCOM), declined -0.64% to $54.31, during its last trading session.
QUALCOMM Incorporated declared that its partner, Qualcomm Technologies, Inc., has introduced its next-generation of fast charging technology with Qualcomm® Quick Charge™ 3.0 technology. Quick Charge 3.0 is the third generation of this technology and is the first of its kind to employ Intelligent Negotiation for Optimum Voltage (INOV), a new algorithm developed by Qualcomm Technologies, designed to allow portable devices the ability to determine what power level to request at any point in time for optimum power transfer, while maximizing efficiency. With Quick Charge 3.0 you can charge a typical phone from zero to 80 percent in about 35 minutes contrast to conventional mobile devices without Quick Charge that may typically require almost an hour and a half.
With, INOV and other advancements, Quick Charge 3.0 is designed to be up to 38 percent more efficient than Quick Charge 2.0, while also implementing additional steps to assist protect battery cycle life. Additionally, when used with Qualcomm Technologies’ latest, advanced parallel charging configurations, Quick Charge 3.0 can:
- Assist improve fast charging up to 27% or reduces power dissipation by up to 45% when contrast to Quick Charge 2.0.
- Charge up to 2x faster than Quick Charge 1.0
Available now, Quick Charge 3.0 will be featured as an option on select Qualcomm® Snapdragon™ processors, counting Snapdragon 820, 620, 618, 617 and 430, and is anticipated to appear in mobile devices launched next year. Qualcomm Snapdragon processors are products of Qualcomm Technologies, Inc.
QUALCOMM Incorporated designs, develops, manufactures, and markets digital communications products and services in China, South Korea, Taiwan, and the United States. The company operates through three segments: Qualcomm CDMA Technologies (QCT), Qualcomm Technology Licensing (QTL), and Qualcomm Planned Initiatives (QSI).
Shares of Teck Resources Limited (NYSE:TCK), declined -2.60% to $6.37, during its last trading session.
Teck Resources Limited Canada’s largest diversified miner, was stripped of its investment-grade rating by Moody’s Investors Service as falling prices of everything from coal to zinc overshadow cost-cutting efforts, according to Bloomberg.
Moody’s lowered Teck’s senior unsecured rating to Ba1, the highest junk classification, from Baa3, while maintaining the outlook at negative, indicating it may cut further. Standard & Poor’s and Fitch Ratings still have Teck on the lowest investment grade. Bloomberg Reports
Teck Resources Limited explores, develops, and produces natural resources in the Americas, the Asia Pacific, Europe, and Africa. Its principal products comprise copper, counting copper concentrates and cathode copper; steelmaking coal; and refined zinc and zinc concentrates.
Finally, Trevena, Inc. (NASDAQ:TRVN), ended its last trade with 15.51% surge, and closed at $11.84.
Trevena declared its intention to offer and sell shares of its common stock in an underwritten offering following an existing shelf registration statement. All of the shares in the projected offering are to be sold by Trevena, Inc.
Jefferies LLC, Cowen and Company, LLC and Barclays Capital Inc. are acting as joint book-runners for the offering. Trevena, Inc. intends to grant the underwriters a 30-day option to purchase additional shares of its common stock. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be accomplished, or the actual size or terms of the offering.
Trevena, Inc., a clinical stage biopharmaceutical company, discovers, develops, and intends to commercialize therapeutics for G protein coupled receptors. The company’s central nervous system product pipeline comprises TRV130, a small molecule G protein biased ligand at the mu-opioid receptor, which is in Phase II clinical trials for patients experiencing moderate to severe acute pain where IV administration is preferred; and TRV734, a small molecule G protein biased ligand at the mu-opioid receptor that is in Phase I clinical trials for the treatment of moderate to severe acute and chronic pain.
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