Ultime notizie per Koninklijke Philips (NYSE:PHG) Azioni

Koninklijke Philips

Koninklijke Philips is a diversified global healthcare company operating in three segments: diagnosis and treatment, connected care, and personal health. Nearly 50% of the company's revenue comes from the diagnosis and treatment segment, which features imaging systems, ultrasound equipment, and image-guided therapy solutions. The connected care segment (around 30% of revenue) encompasses monitoring and analytics systems for hospitals, informatics business, and also houses the sleep and respiratory care segment. Personal health business (remainder of revenue) is mainly oral health and personal care product lines, which include electric toothbrushes and men's grooming and personal care products.

Koninklijke Philips N.V. NY Registry Shares

Koninklijke Philips NV

Phil-Good Products Inc

BiomX Inc

PHILIPS KON ORD

PETS AT HOME GRP UNSP/ADR by Pets at Home Group PLC

Pets at Home Group PLC

PHARMING GROUP NV ORD by Pharming Group NV

Pharming Group

News

OMNIVISION Partners With Philips To Launch World's First In-Cabin Driver Health Monitoring Solution Featuring CMOS Image Sensor And Vital Signs Monitoring Software; Prototype To Debut At AutoSens Europe In Barcelona

<a href="https://www.globenewswire.com/Tracker?data=ucPry4j0-f26CBQhOANRNaBBl9qpIzCXeIB1YNwO3MqdlPSRBDIvCiqGn4oduNqw7kBUfXlrIEl39XLEKPX499FzcP7Wa8d5hmBF0l_jMMg=">Royal Philips</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PHG#NYSE">PHG</a>, AEX: PHIA)))), a global leader in health technology, and Siloam Hospitals Group, Indonesia's leading private healthcare provider, have signed a Memorandum of Understanding (MoU) to advance AI capabilities and development in the healthcare sector in Indonesia.
The strategic collaboration, in partnership with the Universitas Pelita Harapan (UPH) Medical Sciences Group, will focus on capacity building, knowledge sharing, and implementing advanced AI solutions. Leveraging Philips' AI innovations, the collaboration will help transform clinical care and digital health, enhance healthcare delivery and make the healthcare infrastructure more sustainable. The goal is to deliver better care for more people in Indonesia.
This partnership aligns with the Indonesian government's healthcare strategy to improve healthcare accessibility, enhance clinical outcomes, and embrace digital transformation.
Key areas of focus in the partnership:
1. AI-driven clinical care: Philips intends to introduce its cutting-edge AI technologies into Siloam Hospitals, particularly in areas such as radiology, pathology, (interventional) cardiology and clinical operations. AI will enhance clinical decision-making and improve workflows, enabling healthcare professionals to diagnose and treat patients with greater precision and to enhance capacity of the system to be able support more patients.
2. Capacity building and local AI expertise: The MoU will focus on the development of local expertise in AI and digital health through collaboration with the UPH Medical Sciences Group. This initiative includes training programs to enable healthcare professionals, IT specialists and UPH students with the necessary skills to develop and apply AI in clinical settings.
3. Global knowledge sharing with Philips: As a global leader in informatics and AI for healthcare, Philips will share its expertise and global best practices with Siloam Hospitals and UPH. The collaboration includes aligning with Philips' informatics, AI research and global healthcare strategies to create scalable solutions tailored to the needs of Indonesia's healthcare system. 4. Digital health transformation: In support of Indonesia's digital health strategy, Siloam Hospitals will integrate AI into its healthcare management systems, including telemedicine, electronic medical records, and remote patient monitoring. The use of AI will improve patient outcomes, optimize hospital operations, increase capacity and provide patients with personalized, data-driven care, even in remote areas.
5. Supporting the Indonesian government's healthcare goals: The intended partnership aligns with the Indonesian government's strategy to enhance healthcare accessibility and quality.
6. Expertise sharing for driving ESG in healthcare: Philips will support Siloam Hospitals in advancing its ESG strategic priorities, including sustainability in the supply chain, environmental stewardship, fostering an equitable workplace, and expanding healthcare access and education.

Government

Regulations

Philips and Siloam Hospitals Partner to Boost AI-Driven Healthcare in Indonesia

On Tuesday, Koninklijke Philips N.V.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PHG#NYSE">PHG</a>) issued a correction related to the Software Version used in Trilogy Evo, Trilogy EV300, Trilogy Evo O2, and Trilogy Evo Universal ventilators to resolve safety issues that may affect the device&#8217;s ability to support patient breathing.
The FDA announcement <a target="_blank" href="https://www.fda.gov/medical-devices/medical-device-recalls/philips-respironics-inc-recalls-trilogy-evo-continuous-ventilators-due-software-related-possible" rel="noreferrer noopener">states</a> that this recall&nbsp;involves correcting devices and does not involve removing them.&nbsp;The FDA has identified this recall as the most serious type. This device may cause serious injury or death if you continue to use it without correction.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/24/07/40008191/philips-backs-annual-guidance-on-higher-q2-earnings-despite-china-weakness" rel="noreferrer noopener">Philips Backs Annual Guidance On Higher Q2 Earnings Despite China Weakness</a>
In March, Philips Respironics <a target="_blank" href="https://www.fda.gov/medical-devices/medical-device-recalls/philips-respironics-inc-recalls-trilogy-evo-continuous-ventilators-due-software-related-possible" rel="noreferrer noopener">notified</a> customers to update the latest software related to Trilogy Evo continuous ventilator devices due to a possible power malfunction. Due to a software issue, these ventilators can issue a &#8220;Battery Depleted&#8221; or &#8220;Loss of Power&#8221; alarm while sufficient power is still available, resulting in a sudden loss of ventilation while the device alarms.
The company is asking users to install a software update to fix problems, including false power loss alarms, an inaccurate display of the amount of oxygen delivered to the patient, and oxygen volume measurement inaccuracies.&nbsp;
Philips is also now requiring the use of filters with the devices to prevent environmental contamination.
There have been nine reported injuries. There has been one reported death. The action affects 90,905 units worldwide.
In August 2023, Philips recalled Respironics Trilogy Evo, Evo O2, EV300, and Evo Universal ventilators after detecting dust and dirt from the environment in the&nbsp;<a target="_blank" href="https://www.benzinga.com/news/23/08/33853091/philips-recalls-faulty-ventilators-fda-identifies-dust-issue-as-most-serious" rel="noreferrer noopener">air path of some devices</a>.
In April, the Dutch medical technology firm reached a $1.1 billion settlement in the U.S.&nbsp;related to&nbsp;the recall of&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/24/04/38488808/philips-reaches-1-1b-settlement-on-us-sleep-apnea-devices-claims-backs-annual-guidance" rel="noreferrer noopener">its Respironics ventilators</a>.
Price Action: PHG stock is down 1.11% at $32.10 at the last check on Thursday.
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</ul>
Photo by Mats Wiklund via Shutterstock

Large Cap

Health Care

General

Philips Issues Software Fix For Some Ventilators To Fix Power Alarms Issues, Oxygen Display Errors

Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) reported setting new sales records during its July 2024 Prime Day event, though the company did not share many details on sales figures or growth. 
Here's a look at the data on the trending categories and brands behind Amazon's record-breaking <a href="https://www.benzinga.com/24/07/39873953/amazon-prime-day-sees-record-sales-despite-economic-woes">Prime Day 2024 event.&nbsp;</a>
The Details: Amazon's web traffic jumped by 65% on day one of Prime Day, according to <a href="https://www.similarweb.com/">data from</a> SimilarWeb, indicating a high level of consumer interest in the sales event.&nbsp;&nbsp;
Overall, Amazon remained the number one brand by purchases, but Apple, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) climbed past Samsung to claim the number two position with 22% purchase growth. Apple's growth was fueled by consumer searches for "Apple watch" and "airpods," which reached the top seventh- and eighth-ranked search terms, respectively.&nbsp;
Read Next: <a href="https://www.benzinga.com/news/24/09/41052423/super-micro-computer-stock-falls-on-report-of-doj-probe-what-to-know">Super Micro Computer Stock Falls On Report Of DOJ Probe: What To Know</a>
The Beauty &amp; Personal Care category saw the largest purchase increase on Prime Day 2024, with sales growth of 14.8% year-over-year. COSRX was the top beauty brand by purchases, as K-Beauty trends continued to gain momentum. Koninklijke Philips NV's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PHG#NYSE">PHG</a>) Philips Norelco entered the top 10 beauty and personal care brands in the number nine position. 
Electronics sales fell by 5.6% compared to 2023's Prime Day event. Samsung and Sony Group Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SONY#NYSE">SONY</a>) retained their rankings of number one and two by purchases in the category as consumers <a href="https://www.benzinga.com/general/gaming/24/09/41055245/ps5-30th-anniversary-chaos-scalpers-sweep-up-stock-leaving-fans-empty-handed">showed interest </a>in gaming. "Gaming laptop," "gaming pc" and "gaming monitor" search terms all ranked in the top 10 electronic keywords from Prime Day 2024. 
In the Grocery &amp; Gourmet Food brands category, coffee brands and energy drinks featured heavily in the top 10 Grocery brands. CELSIUS energy drinks by Celsius Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CELH#NASDAQ">CELH</a>) climbed one spot to the number one position for purchases on Prime Day 2024.&nbsp;
New items that joined the top 10 keywords for the Home and Kitchen category for 2024 were rice cookers, coffee table and espresso machine. Stanley Black &amp; Decker Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SWK#NYSE">SWK</a>) sells its rice cooker on Amazon, while Nestle SA &#8211; ADR (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NSRGY#OTC">NSRGY</a>)-owned Nespresso offers espresso machines.
What Else: Amazon's next major <a href="https://www.benzinga.com/pressreleases/24/09/b40890942/prime-big-deal-days-is-back-october-8-9-offering-prime-members-exclusive-access-to-millions-of-ear">sales event</a> will be Prime Big Deal Days on Oct. 8 and 9 to kick off the holiday shopping season. 
Analysts are expecting growth for online retailers this holiday season as budget-conscious consumers look for a combination of value and convenience.&nbsp;
AMZN Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Amazon.com shares are down 1.46% at $188.38 at the time of publication Friday.
Read Also:
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/41036580/expect-healthy-online-spending-this-holiday-season-says-analyst-what-to-know">Expect Healthy Online Spending This Holiday Season, Says Analyst: What To Know</a></li>
</ul>
Photo: Shutterstock

Movers

AAPL

AMZN

CELH

Nestle Sponsored representing Registered Shares Series B

NSRGY

Sony Group Corporation American Depositary Shares

SONY

Amazon Prime Day Data Insights Before October Event: Apple Purchases Up 22%, Celsius Tops Grocery Category

Philips Receives FDA Approval For Enhanced 160cm LumiGuide Guidewire, Marking 1000th Procedure Using Fiber Optic RealShape (FORS) Technology; First Use By Vascular Surgeon Carlos Timaran For Complex Aortic Repair

Biotech

INSP

MASI

TEVA

VVOS

Apple Announces New Sleep Apnea Features On Apple Watch; Stocks With The Same Technology See Volume

<a href="https://www.globenewswire.com/Tracker?data=ybc5zkSdkFbkmoJagKp0ucFkdMRDvd4cAPDMX1SQi1xo-euNPoyvrA0GZSf0CZz9OO8hB5olxSnlFmaR_q3zMzof__sS7A5Xtjqru_KFxis=">Royal Philips</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PHG#NYSE">PHG</a>, AEX: PHIA)))), a global leader in health technology, and Isala hospital (Zwolle, The Netherlands) have renewed their long-term strategic partnership to enhance healthcare delivery through innovative and cost-effective solutions. This collaboration aims to ensure healthcare remains accessible, available, and affordable by leveraging Philips' advanced technology, data analytics, and AI. Focusing on the radiology and cardiology departments, it follows a successful collaboration that began in 2012. The new agreement will last for five years, with an option to extend for another five years.
Transforming healthcare with cutting-edge technology Isala will utilize Philips' technology to optimize processes and deliver more patient-centered care. Together, they will integrate new technologies into hospital operations and continuously improve products based on real-world data-driven feedback.
"Our focus is on maintaining accessible, available, and affordable care in a cost-effective way; the right technology plays a crucial role in this," said Jules de Vet, a member of the Board of Directors at Isala.
Sustainable and cost-effective medical systems replacement Isala will replace medical systems, such as MRI and CT scanners, through a flexible multi-year plan ensuring cost-effectiveness and sustainability. Continuous updates will keep systems state-of-the-art, extending their lifespan and benefiting both finances and the environment. Philips will provide essential medical imaging systems and support services to improve clinical adoption and streamline processes.
Enhancing clinical adoption of new technology "Hospitals face significant financial and personnel challenges in the coming years, and there is no single solution to these challenges," said Léon Kempeneers, Managing Director at Philips Benelux. "Together with Isala, we will work on enhancing the clinical adoption of new technologies such as AI, simplifying and enhancing healthcare providers' work."
This renewed partnership underscores the commitment of Philips and Isala to drive innovation and ensure sustainable, high-quality healthcare delivery.

Philips and Isala Hospital Renew Partnership, Aiming to Transform Healthcare with AI and Advanced Technology

&nbsp;<a href="https://www.globenewswire.com/Tracker?data=s6sZh72fLSzooVXAxzV2UlL1Fdw_RTKICZ2cFXGrx9LKHtkdTEbGABk4Eu06lD1TELykxo_WyPPSkaHQtRSiLBuIJk6u9IiQ_4tswZ9rcMs=" target="_blank">Royal Philips</a>&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PHG#NYSE">PHG</a>, AEX: PHIA)))) today announced that it will repurchase shares for an amount of up to EUR 125 million to cover certain of its obligations arising from its long-term incentive plans. At the current share price, this represents a total of approximately 4.8 million shares.
The repurchases will be executed through a combination of forward transactions and open market purchases with a financial institution. Philips expects to take delivery of the forward share purchases in 2026. The open market purchases will be executed in&nbsp;Q3&nbsp;2024 by an intermediary to allow for share purchases during both open and closed periods. All repurchases will be executed in accordance with the EU Market Abuse Regulation and within the limits of the authorization granted by the company&#39;s General Meeting of Shareholders on May 7, 2024.

Buybacks

Philips To Buyback Shares For Up To €125M

Shares of Bank of Marin Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BMRC#NASDAQ">BMRC</a>) fell sharply during Monday's session after the company reported <a href="https://www.benzinga.com/quote/BMRC/earnings">worse-than-expected quarterly earnings.</a>
Bank of Marin reported quarterly earnings of 6 cents per share which missed the analyst consensus estimate of 18 cents per share. The company reported quarterly sales of $22.47 million which missed the analyst consensus estimate of $23.39 million, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Bank of Marin Bancorp shares dipped 10.8% to $19.92 on Monday.
Here are some other stocks moving in today&#8217;s mid-day session.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>2U, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TWOU#NASDAQ">TWOU</a>) shares climbed 128% to $2.8535.</li>
<li>Lipella Pharmaceuticals Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LIPO#NASDAQ">LIPO</a>) shares climbed 117.8% to $0.9039 after the company announced it commenced its Phase 2a trial for LP-310 in Oral Lichen Planus.</li>
<li>Planet Image International Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YIBO#NASDAQ">YIBO</a>) gained 61.6% to $4.75 after jumping around 56% on Friday.</li>
<li>NLS Pharmaceutics AG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NLSP#NASDAQ">NLSP</a>) jumped 38% to $0.2644 after the company announced a merger in which Kadimastem will become a wholly owned subsidiary of NLS.</li>
<li>Tivic Health Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TIVC#NASDAQ">TIVC</a>) shares gained 37.8% to $0.6232 after gaining 11% on Friday.</li>
<li>NIP Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NIPG#NASDAQ">NIPG</a>) gained 34.4% to $12.25.</li>
<li>Nisun International Enterprise Development Group Co., Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NISN#NASDAQ">NISN</a>) jumped 26.8% to $14.76.</li>
<li>Renalytix Plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RNLX#NASDAQ">RNLX</a>) jumped 24.2% to $0.4366.</li>
<li>Meta Data Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIU#NYSE">AIU</a>) rose 23.5% to $2.9860.</li>
<li>Venus Concept Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VERO#NASDAQ">VERO</a>) jumped 22.5% to $0.7936 after the company received a medical device license from Health Canada to market its Venus Bliss MAX system.</li>
<li>Nuwellis, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NUWE#NASDAQ">NUWE</a>) gained 21.3% to $2.8862. Roth MKM analyst Jonathan Aschoff initiated coverage on Nuwellis with a Buy rating and announced a price target of $17.</li>
<li>Longeveron Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LGVN#NASDAQ">LGVN</a>) shares gained 19.8% to $4.1246 after the company disclosed study results from CLEAR MIND Phase 2a clinical trial of Lomecel-B in mild Alzheimer&#8217;s disease.</li>
<li>BurgerFi International, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BFI#NASDAQ">BFI</a>) gained 19.3% to $0.5021. BurgerFi shares jumped 97% on Friday after the company announced it reached a legal settlement agreement with Lion Point Capital. The company agreed to pay $1,350,000 and issue Lion Point 300,000 of preferred stock.</li>
<li>Oil States International, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OIS#NYSE">OIS</a>) climbed 18.8% to $5.63 after the company reported better-than-expected second-quarter financial results.</li>
<li>PolyPid Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPD#NASDAQ">PYPD</a>) rose 18.4% to $4.19.</li>
<li>Cepton, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPTN#NASDAQ">CPTN</a>) jumped 18.4% to $2.9950 after the company announced it will be acquired by Koito for $3.17 per share in cash.</li>
<li>CommScope Holding Company, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COMM#NASDAQ">COMM</a>) rose 17.2% to $2.25 after reporting preliminary second quarter results.</li>
<li>Serve Robotics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SERV#NASDAQ">SERV</a>) gained 16.1% to $15.35.</li>
<li>ON Semiconductor Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>) jumped 13.7% to $79.76 after the company reported better-than-expected second quarter financial results.</li>
<li>Koninklijke Philips N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PHG#NYSE">PHG</a>) rose 13.1% to $29.14 after the company reported better-than-expected second quarter earnings.</li>
<li>Primega Group Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGHL#NASDAQ">PGHL</a>) gained 9.5% to $5.09.</li>
<li>ZIM Integrated Shipping Services Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZIM#NYSE">ZIM</a>) rose 8.5% to $18.48. ZIM Integrated Shipping Services will release its second quarter financial results on Monday, Aug. 19.</li>
<li>Anavex Life Sciences Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVXL#NASDAQ">AVXL</a>) gained 6.4% to $7.18. Anavex Life Sciences presented comprehensive results from the Phase IIb/III study showing that blarcamesine, once daily orally, significantly slowed clinical decline in people with early Alzheimer&#8217;s disease.</li>
<li>Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) gained 5.6% to $232.15. Morgan Stanley analyst Adam Jonas reiterated Tesla with an Overweight and maintained a $310 price target.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Cognition Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGTX#NASDAQ">CGTX</a>) fell 34% to $1.5650 after the company reported Phase 2 results for Alzheimer&#8217;s drug.</li>
<li>vTv Therapeutics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VTVT#NASDAQ">VTVT</a>) shares dipped 31.4% to $14.55 after the company announced the FDA has placed a clinical hold on the cadisegliatin clinical program.</li>
<li>CERo Therapeutics Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CERO#NASDAQ">CERO</a>) shares fell 28.6% to $0.1830 after gaining 6% on Friday.</li>
<li>Centuri Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CTRI#NYSE">CTRI</a>) fell 26.4% to $14.90 following downbeat quarterly results.</li>
<li>Ventyx Biosciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VTYX#NASDAQ">VTYX</a>) dipped 24.4% to $2.23. The company released results from the Phase 2 trial of allosteric TYK2 inhibitor VTX958 in participants with moderately to severely active Crohn's disease, a type of inflammatory bowel disease that irritates and causes swelling in digestive tract.</li>
<li>LuxUrban Hotels Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUXH#NASDAQ">LUXH</a>) shares fell 19.6% to $0.1536 after the company priced its $1.74 million public offering of 11,573,333 common shares at 15 cents per share.</li>
<li>NuScale Power Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMR#NYSE">SMR</a>) declined 18.5% to $8.84.</li>
<li>Ocean Power Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OPTT#NYSE">OPTT</a>) fell 17.5% to $0.2544.</li>
<li>Treasure Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TGL#NASDAQ">TGL</a>) shares fell 17% to $1.5243.</li>
<li>Integra Resources Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ITRG#NYSE">ITRG</a>) fell 16.6% to $0.8999. Integra Resources and Florida Canyon Gold entered into a definitive arrangement agreement, whereby Integra has agreed to acquire all of the issued and outstanding shares of FCGI pursuant to a court-approved plan of arrangement.</li>
<li>Phio Pharmaceuticals Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PHIO#NASDAQ">PHIO</a>) fell 16.6% to $3.3616. Phio Pharmaceuticals recently announced exercise of warrants for $3.1 million gross proceeds.</li>
<li>Integra LifeSciences Holdings Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IART#NASDAQ">IART</a>) dipped 13.9% to $27.05 after the company lowered its FY24 guidance below estimates.</li>
<li>NANO Nuclear Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NNE#NASDAQ">NNE</a>) fell 12.8% to $14.01.</li>
<li>Coursera, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COUR#NYSE">COUR</a>) fell 10.5% to $9.60.</li>
<li>Sunnova Energy International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOVA#NYSE">NOVA</a>) declined 10% to $7.24. Truist Securities analyst Jordan Levy maintained Sunnova Energy Intl with a Buy and raised the price target from $9 to $10.</li>
<li>Mesoblast Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MESO#NASDAQ">MESO</a>) fell 7.4% to $6.85. Mesoblast, last week, announced that the FDA accepted its Biologics License Application resubmission for Ryoncil in the treatment of children with steroid-refractory acute graft versus host disease.</li>
<li>Arm Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>) fell 6.3% to $139.61 after HSBC downgraded the stock from Hold to Reduce.</li>
<li>Tandem Diabetes Care, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TNDM#NASDAQ">TNDM</a>) fell 6.3% to $37.53.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/news/24/07/40011559/wall-streets-most-accurate-analysts-say-hold-these-3-health-care-stocks-with-over-3-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Say Hold These 3 Health Care Stocks With Over 3% Dividend Yields</a></li>
</ul>

Intraday Update

Markets

Trading Ideas

AVXL

BMRC

CERO

CGTX

COMM

COUR

CPTN

CTRI

IART

ITRG

LGVN

LIPO

LUXH

MESO

NIPG

NISN

NLSP

NOVA

NUWE

OPTT

PGHL

PHIO

PYPD

RNLX

SERV

TIVC

TNDM

TSLA

TWOU

VERO

VTVT

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Why Bank of Marin Bancorp Shares Are Trading Lower? Here Are Other Stocks Moving In Monday's Mid-Day Session

U.S. stocks were mixed, with the Dow Jones index falling more than 100 points on Monday.
Shares of ON Semiconductor Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>) rose sharply during Monday's session after the company reported better-than-expected <a href="https://www.benzinga.com/news/earnings/24/07/40010835/on-semiconductor-q2-earnings-revenue-and-eps-beat-ceo-highlights-automotive-gains-strong-q3-outlook">second quarter financial results</a>.
ON Semiconductor reported a fiscal second-quarter 2024 revenue decline of 17.2% year-on-year to $1.74 billion, beating the analyst consensus estimate of $1.73 billion. The adjusted EPS of 96 cents beat the analyst consensus estimate of 92 cents per share, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
ON Semiconductor said it expects third-quarter adjusted revenue of $1.70 billion – $1.80 billion, versus the consensus of $1.73 billion. The company sees adjusted EPS of 91 cents to $1.03 versus the consensus of 92 cents.
ON Semiconductor shares jumped 13.7% to $79.76 on Monday.
Here are some other big stocks recording gains in today&#8217;s session.
<ul>
<li>NIP Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NIPG#NASDAQ">NIPG</a>) shares jumped 34.4% to $12.25.</li>
<li>Meta Data Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIU#NYSE">AIU</a>) shares gained 23.5% to $2.9860.</li>
<li>Oil States International, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OIS#NYSE">OIS</a>) shares jumped 18.8% to $5.63 after the company reported better-than-expected second-quarter financial results.</li>
<li>CommScope Holding Company, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COMM#NASDAQ">COMM</a>) gained 17.2% to $2.25 after reporting preliminary second quarter results.</li>
<li>Serve Robotics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SERV#NASDAQ">SERV</a>) rose 16.1% to $15.35.</li>
<li>Koninklijke Philips N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PHG#NYSE">PHG</a>) climbed 13.1% to $29.14 after the company reported better-than-expected second quarter earnings.</li>
<li>The Shyft Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHYF#NASDAQ">SHYF</a>) gained 11.2% to $15.33. DA Davidson analyst Michael Shlisky upgraded Shyft Group from Neutral to Buy and raised the price target from $12 to $18.</li>
<li>ZIM Integrated Shipping Services Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZIM#NYSE">ZIM</a>) gained 8.5% to $18.48. ZIM Integrated Shipping Services will release its second quarter financial results on Monday, Aug. 19.</li>
<li>Oscar Health, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OSCR#NYSE">OSCR</a>) jumped 8.1% to $17.09.</li>
<li>Aehr Test Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEHR#NASDAQ">AEHR</a>) gained 6.6% to $19.06.</li>
<li>Castle Biosciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSTL#NASDAQ">CSTL</a>) gained 6.4% to $22.40.</li>
<li>DexCom, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DXCM#NASDAQ">DXCM</a>) rose 6% to $67.97.</li>
<li>MaxLinear, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MXL#NYSE">MXL</a>) jumped 5.7% to $13.51.</li>
<li>Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) rose 5.6% to $232.15. Morgan Stanley analyst Adam Jonas reiterated Tesla with an Overweight and maintained a $310 price target.</li>
<li>Foot Locker, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FL#NYSE">FL</a>) gained 4.5% to $27.65. On July 18, Morgan Stanley downgraded the stock from Equal-Weight to Underweight and lowered its price target from $24 to $18.</li>
</ul>
Now Read This: 
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ON Semiconductor Posts Upbeat Earnings, Joins Oil States International, CommScope Holding And Other Big Stocks Moving Higher On Monday

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&nbsp;
PHG: 11% &#x7C; <a href="https://www.benzinga.com//node/40003536">Koninklijke Philips Q2 2024 Adj EPS €0.30 Beats €0.25 Estimate, Sales €4.462B Beat €4.430B Estimate</a>
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LIPO: &nbsp;204% &#x7C; <a href="https://www.benzinga.com//node/40005335">Lipella Pharmaceuticals Commences Phase 2a Trial For LP-310 In Oral Lichen Planus, Enrolls First Patients</a>

Market-Moving News for July 29th

Koninklijke Philips N.V (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PHG#NYSE">PHG</a>) stock is trading higher on Monday after the company released its <a target="_blank" href="https://www.benzinga.com/pressreleases/24/07/g40003525/philips-delivers-strong-order-intake-growth-in-the-second-quarter-margin-improvement-and-sales-gro" rel="noreferrer noopener">second-quarter&nbsp;2024 financial results</a>.
The company&#8217;s second-quarter sales reached 4.46 billion euros ($4.83 billion), beating the consensus of 4.43 billion euros.
Comparable sales increased by 2%, driven by growth across all segments. The decline in China partly offsets growth in mature and growth geographies.
Comparable order intake grew 9% in the quarter and 3% in the first half of 2024, reflecting quarterly unevenness in the order-intake pattern.
Related: <a target="_blank" href="https://www.benzinga.com/news/large-cap/24/05/38824734/philips-sues-soclean-alleging-ozone-exposure-risks-over-injuries-related-to-breathing-devices" rel="noreferrer noopener">Philips Sues SoClean Alleging Ozone Exposure Risks Over Injuries Related To Breathing Devices</a>.
China remains a fundamentally attractive growth market with strong underlying demand while the government&#8217;s anti-corruption measures continue to impact short-term hospital order lead times.
The company reported an adjusted EPS of 0.30 euros, up from 0.27 euros a year ago.
&#8220;I am encouraged by our return to order intake growth this quarter, primarily driven by North America. Within a challenging macro environment, we achieved strong margin improvement, supported by our productivity program, solid operational cashflow due to improved working capital management, and comparable sales growth in line with our plan,&#8221; CEO Roy Jakobs <a target="_blank" href="https://www.philips.com/a-w/about/news/archive/corpcomms/news/press/2024/philips-second-quarter-results-2024.html" rel="noreferrer noopener">said</a> in a statement.
Bloomberg <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-07-29/philips-new-orders-rise-after-sleep-apnea-turbulence-abates" rel="noreferrer noopener">notes</a> that the company is regaining investors&#8217; confidence after a lower-than-expected settlement on U.S. claims linked to faulty sleep <a target="_blank" href="https://www.benzinga.com/news/earnings/24/04/38488808/philips-reaches-1-1b-settlement-on-us-sleep-apnea-devices-claims-backs-annual-guidance" rel="noreferrer noopener">apnea devices in late April</a>.
Diagnosis &amp; Treatment&nbsp;comparable sales increased by 4%, with growth across Image Guided Therapy and Precision Diagnosis. Adjusted EBITA margin improved to 12.2%, mainly driven by improved sales, pricing and productivity measures.
Connected Care&nbsp;comparable sales increased 2%, driven by strong growth in Enterprise Informatics, while Monitoring comparable sales growth was flat. Adjusted EBITA margin improved to 8.8%, mainly driven by productivity measures and pricing.
Personal Health&nbsp;comparable sales increased by 2% globally, driven by sales growth outside of China. Adjusted EBITA margin improved to 16.9%, mainly driven by operational improvements and productivity measures.
The adjusted EBITDA margin increased to 11.1% from 10.1% last year, with improvement across all businesses.
Guidance: Looking ahead to fiscal 2024, Philips expects 3%-5% comparable sales growth, an adjusted EBITA margin of 11%-11.5%, and free cash flow of €0.9 billion to €1.1 billion.
Dutch health-technology company reiterated its confidence in delivering the 2025 plan, acknowledging that uncertainties remain.
The outlook excludes the potential impact of the ongoing Philips Respironics-related legal proceedings, including the U.S. Department of Justice investigation.
Price Action: PHG stock is up 10.1% at $28.36 during the premarket session at last check Monday.
Read Next:
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<li><a href="https://www.benzinga.com/m-a/24/06/39505577/billionaire-agnelli-is-philips-largest-shareholder-now-whats-going-on" target="_blank" rel="noreferrer noopener">Billionaire Agnelli Is Philips&#8217; Largest Shareholder Now &#8211; What&#8217;s Going On?</a></li>
</ul>
Photo via Wikimedia Commons

Earnings

Guidance

Eurozone

Philips Backs Annual Guidance On Higher Q2 Earnings Despite China Weakness

Index futures trading indicates cautious optimism as traders anticipate a busy week, with a slew of earnings reports, the two-day Federal Open Market Committee meeting starting Tuesday, and Friday&#8217;s non-farm payrolls report. Traders may look to take a position in <a href="https://www.benzinga.com/news/earnings/24/07/39993819/tech-stocks-slide-on-earnings-us-economy-flexes-muscles-small-cap-rally-continues-this-week-in-the-">stocks that have pulled back during the recent market retreat </a>ahead of what they perceive to be a strong reporting season.
Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), Apple, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Amazon, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) are among the key tech earnings due this week, potentially setting the tempo for the market.

<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>+0.61%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>+0.41%</td>
</tr>
<tr>
<td>Dow</td>
<td>+0.39%</td>
</tr>
<tr>
<td>R2K</td>
<td>+0.60%</td>
</tr>
</tbody>
</table>
</figure>
In premarket trading on Monday,&nbsp;the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) moved up 0.38% to $546.50, and the&nbsp;Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) gained 0.57% to $465.63, according to&nbsp;<a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.
Cues From Last Week:
U.S. stocks meandered to a mixed close in the week ended July 26, with the Nasdaq Composite and the S&amp;P 500 declining for a second straight week amid some disappointing tech earnings. The blue-chip Dow Jones Industrial Average rose moderately, while the Russell 2,000 Index advanced notably for the week. 
The major averages started the week on a positive note but negative reactions to earnings from the likes of Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and Alphabet, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) pushed the tech-heavy Nasdaq Composite and the S&amp;P 500 Index lower for the next three sessions. With the Fed&#8217;s favorite inflation gauge released Friday coming in tamer than expected, the indices rebounded and yet ended the week notably lower. 
The small-cap rally continued unabated as rate-cut bets prompted investors to bid up these stocks. 
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Week&#8217;s Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>-2.08%</td>
<td>17,357.88</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>-0.83%</td>
<td>5,459.10</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>+0.75%</td>
<td>40,589.34</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>+3.47%</td>
<td>2,260.07</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
LPL Financial Chief Global Strategist Quincy Krosby sees the small-cap rally as more than a function of mere expectations that the Fed will cut interest rates. In a note released Friday, the strategist said attractive valuations have also underpinned sentiment. He pointed to another narrative. &#8220;There's also a strong narrative that the ongoing de-globalization could serve as a fundamental catalyst for small and mid-cap names,&#8221; he said.
Also, small-caps continue to see inflows despite the political ebb and flow, and mixed economic signals, and this according to Krosby is an indication that &#8220;they see a solid economic backdrop coupled with lower interest rates.&#8221; &#8220;The small caps – with a higher risk profile than the S&amp;P 500 – is known to sell off quickly when they perceive a material change in direction,&#8221; he added.
Yardeni Research&#8217;s President and Chief Investment Strategist Ed Yardeni said the market will likely churn around the current levels under the July 16 high (closing) of 5667.20 through the presidential election before <a href="https://www.benzinga.com/24/07/40004604/s-p-500-likely-to-end-year-strong-but-election-uncertainty-may-cause-short-term-volatility-says-yard">pushing toward new highs by the end of the year. </a>
Upcoming Economic Data:
The Fed meeting scheduled for July 30-31 and the July non-farm payrolls report due Friday are the key Main Street catalysts for the week. ADP&#8217;s private payrolls data for July released Wednesday could also evince some interest. Traders may also focus on S&amp;P Global&#8217;s final July manufacturing activity data, the Institute for Supply Management&#8217;s manufacturing purchasing managers&#8217; index for July and a regional business barometer.
Twin May house prices data, the weekly jobless claims data, the June Job Openings and Labor Turnover survey results, the second-quarter employment cost index, and the June pending home sales as well as the June factory goods orders data round up the economic events of the week.
On Monday, the Dallas Fed will release its manufacturing business index for July at 10:30 a.m. EDT.
The Treasury will auction three- and six-month notes at 11:30 a.m. EDT.
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How To Trade Futures</a>
Stocks In Focus:
<ul>
<li>Coinbase Global, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) rose nearly 5% in premarket trading, as the stock lock-stepped with cryptocurrencies.</li>
<li>U.S.-listed shares of Dutch consumer-electronics giant Koninklijke Philips N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PHG#NYSE">PHG</a>) rallied over 10% following its earnings announcement.</li>
<li>Abbott Laboratories (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABT#NYSE">ABT</a>) fell over 6% on an adverse legal ruling.</li>
<li>McDonald&#8217;s Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCD#NYSE">MCD</a>) and ON Semiconductor Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>) are among the key companies due to <a href="https://www.benzinga.com/calendars/earnings">release their earnings reports ahead of the market opening.</a></li>
<li>Those reporting after the close include F5, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFIV#NASDAQ">FFIV</a>), Rambus Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RMBS#NASDAQ">RMBS</a>), Lattice Semiconductor Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSCC#NASDAQ">LSCC</a>), Chesapeake Energy Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHK#NASDAQ">CHK</a>), Sanmina Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SANM#NASDAQ">SANM</a>) and Tilray Brands, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLRY#NASDAQ">TLRY</a>).</li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude oil futures have started the week on a weak note, as they pulled back below the $77-a-barrel mark and gold futures also fell modestly. The yield on the 10-year Treasury note fell 4.1 points to 4.158%. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) climbed over 3% and approached the $70K psychological barrier.
Most Asian markets rallied, led by the Japanese and Hong Kong markets, as regional investors cheered the rebound of U.S. stocks last Friday. The Japanese also awaited the Bank of Japan&#8217;s rate decision due this week. The Chinese market ended with a more muted gain, while the New Zealand market bucked the trend and ended modestly lower.
European stocks rallied sharply as traders digested positive earnings reports from the region.
Read Next: 
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/40006542/apple-amazon-microsoft-meta-lead-the-charge-as-investors-bank-on-tech-cheer-for-ral">Apple, Amazon, Microsoft, Meta Lead The Charge As Investors Bank On Tech Cheer For Rally&#8217;s Reacceleration: Week Ahead In Earnings</a></li>
</ul>
Image via Shutterstock.

Equities

Futures

Previews

Economics

Federal Reserve

Pre-Market Outlook

$BTC

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US Stocks Look To Extend Gains Ahead Of Key Tech Earnings, FOMC Meeting: Analyst Says This 'Could Serve As A Fundamental Catalyst For Small And Mid-Cap'

WIIM

Koninklijke Philips shares are trading higher after the company reported better-than-expected Q2 earnings.

Outlook 
Philips reiterates its confidence in delivering the 2025 plan, acknowledging that uncertainties remain. For the full year 2024, Philips continues to expect 3-5% comparable sales growth, an Adjusted EBITA margin of 11-11.5%, and free cash flow of EUR 0.9-1.1 billion. 
The outlook excludes the potential impact of the ongoing Philips Respironics-related legal proceedings, including the investigation by the US Department of Justice

Koninklijke Philips Reiterates 2024 Outlook: Continues To Expect 3-5% Comparable Sales Growth And Adjusted EBITA Margin Of 11-11.5%; Sees Free Cash Flow Of EUR 0.9B-1.1B

Koninklijke Philips Q2 Comparable Order Intake Grew 9% And 3% In H1 2024

Koninklijke Philips (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PHG#NYSE">PHG</a>) reported quarterly earnings of €0.30 per share which beat the analyst consensus estimate of €0.25 by 20 percent. This is a 11.11 percent increase over earnings of €0.27 per share from the same period last year. The company reported quarterly sales of €4.462 billion which beat the analyst consensus estimate of €4.430 billion by 0.72 percent. This is a 8.38 percent decrease over sales of €4.870 billion the same period last year.

Earnings Beats

Koninklijke Philips Q2 2024 Adj EPS €0.30 Beats €0.25 Estimate, Sales €4.462B Beat €4.430B Estimate

Patient monitoring platform to deliver tools and time to help patients across 40+ care sites
<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.philips.com%2Fnewscenter&amp;esheet=54095413&amp;newsitemid=20240716028105&amp;lan=en-US&amp;anchor=Royal+Philips&amp;index=1&amp;md5=29a5034e7c330c4e31500c1c431a563f">Royal Philips</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PHG#NYSE">PHG</a>, AEX: PHIA)))) a global leader in health technology and <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fbsmhealth.org%2F&amp;esheet=54095413&amp;newsitemid=20240716028105&amp;lan=en-US&amp;anchor=Bon+Secours+Mercy+Health&amp;index=2&amp;md5=a74db2bc743760d9d051eb499546c274">Bon Secours Mercy Health</a> (BSMH), one of the nation's largest Catholic health systems, today announced a multi-year strategic collaboration for patient monitoring. Putting BSMH clinicians in control, the collaboration will reduce the digital burden on staff and give them more time to spend with patients.
This press release features multimedia. View the full release here: <a href="https://www.businesswire.com/news/home/20240716028105/en/">https://www.businesswire.com/news/home/20240716028105/en/</a>
The partnership provides access to the latest Philips monitoring innovations, including a scalable patient monitoring platform that integrates patient data and provides vital insights. It will standardize patient monitoring for BSMH's 49 hospitals, reducing costs through a predictable payment model and enabling further reinvestment in innovation.
"This collaboration is part of our commitment to drive improved healthcare quality while reducing costs and addressing healthcare issues facing entire communities," said Jodi Pahl, Chief Nursing Officer for workforce experience and nursing outcomes, Bon Secours Mercy Health. "This 10-year journey will bring innovations that will transform care delivery."

Bon Secours Mercy Health And Philips Sign Multi-Year Strategic Collaboration For Patient Monitoring

FDA Says Philips To Correct Affected OLA+ Ventilator With Software Patch To Address Ventilation Inoperative Alarm Issue

Royal Philips NV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PHG#NYSE">PHG</a>) shares are trading <a target="_blank" href="https://www.benzinga.com/premarket" rel="noreferrer noopener">higher on Wednesday</a>. Italy's famous Agnelli family has increased its investment in Philips, showcasing a robust vote of confidence in the Dutch firm known for its medical devices.
Through Exor NV, the family's holding company, the Agnellis now controls <a target="_blank" href="https://www.sec.gov/Archives/edgar/data/313216/000119312524167907/d826824dsc13da.htm" rel="noreferrer noopener">17.51% of Philips</a>, enhancing their position as the company's largest shareholder, an increase from <a target="_blank" href="https://www.sec.gov/Archives/edgar/data/313216/000119312524140761/d841370dsc13da.htm" rel="noreferrer noopener">16.1% recorded</a> in May.
This expansion in their stake is indicative of growing trust in Philips' market prospects and management following the recent resolution of legal issues in the U.S., reported <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-06-26/billionaire-agnellis-boost-stake-in-philips-to-4-19-billion?srnd=technology-vp&amp;sref=TBDibEcD" rel="noreferrer noopener">Bloomberg</a>.
Philips reached a $1.1 billion settlement in the U.S. related to the <a target="_blank" href="https://www.benzinga.com/news/earnings/24/04/38488808/philips-reaches-1-1b-settlement-on-us-sleep-apnea-devices-claims-backs-annual-guidance" rel="noreferrer noopener">recall of its Respironics ventilators</a>.
Originally founding the automotive giant Fiat, the Agnelli family has diversified Exor's interests into healthcare, technology, financial services, and luxury goods.
Their initial purchase of a 15% stake in Philips last year marked a strategic pivot towards these industries.
The family's recent acquisition involved 19.5 million additional Philips shares, valued at approximately $514 million (481 million euros).
This brings Exor's total investment in Philips to about 3.3 billion euros, solidifying their commitment to the healthcare technology provider.
Philips&nbsp;reported first-quarter sales of $4.49 billion, beating the consensus estimate of $4.46 billion and an adjusted EPS of $0.28, <a target="_blank" href="https://www.benzinga.com/news/earnings/24/04/38488808/philips-reaches-1-1b-settlement-on-us-sleep-apnea-devices-claims-backs-annual-guidance" rel="noreferrer noopener">which was&nbsp;in line with the consensus</a>.
Following this announcement, Philips' stock experienced a 3.3% rise in Amsterdam, reflecting a positive market reaction.
Philips stock has gained more than 27% in the last 12 months. Investors can gain exposure to the stock via Dimensional International Value ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DFIV#NYSE">DFIV</a>) and Avantis International Equity ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVDE#NYSE">AVDE</a>).
Price Action: PHG shares are trading higher by 0.63% at $25.60 at the last check on Wednesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Wikimedia Commons

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AVDE

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Billionaire Agnelli Is Philips' Largest Shareholder Now - What's Going On?

In a report released today, David Adlington from J.P. Morgan maintained a Hold rating on Koninklijke Philips N.V. (0LNG – Research Report), with a ...

J.P. Morgan Sticks to Its Hold Rating for Koninklijke Philips N.V. (0LNG)

Siemens Healthineers cut to neutral by UBS, Chinese competition cited

In a report released today, Richard Felton from Goldman Sachs maintained a Buy rating on Koninklijke Philips N.V. (0LNG – Research Report), with a ...

Goldman Sachs Remains a Buy on Koninklijke Philips N.V. (0LNG)

In a report released today, Julien Ouaddour from Bank of America Securities maintained a Hold rating on Koninklijke Philips (PHG – Research Report)...

Koninklijke Philips (PHG) Gets a Hold from Bank of America Securities

In a report released on October 2, Oliver Reinberg from Kepler Capital maintained a Buy rating on Koninklijke Philips N.V. (0LNG – Research Report)...

Kepler Capital  Sticks to Its Buy Rating for Koninklijke Philips N.V. (0LNG)

Deutsche Bank analyst Falko Friedrichs maintained a Hold rating on Koninklijke Philips N.V. (0LNG – Research Report) today and set a price target o...

Koninklijke Philips N.V. (0LNG) Gets a Hold from Deutsche Bank

Philips joins forces with Siloam Hospitals for Indonesia's healthcare transformation

Philips: Moving Out Of Intensive Care

J.P. Morgan analyst David Adlington maintained a Hold rating on Koninklijke Philips N.V. (0LNG – Research Report) today and set a price target of €...

J.P. Morgan Remains a Hold on Koninklijke Philips N.V. (0LNG)

Undercovered Dozen: KinderCare Learning, Xeris Biopharma, Generac, Philips +

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Press Releases

Carilion Clinic Further Expands Quality Cardiac Care Access with Latest Philips Innovations at Region's Premier Cardiovascular Institute at Crystal Spring Tower in Virginia

Carilion Clinic further expands quality cardiac care access with latest Philips innovations at new regional cardiovascular institute in Virginia, US

World Stroke Organization and Philips call for action to expand access to life-saving stroke care

Philips announces FDA approval for enhanced LumiGuide guidewire and marks the 1000th patient treated with its breakthrough 3D device guidance technology

Jackson Health System projects 47% reduction in carbon emissions from patient monitors with Philips next generation monitoring platform

Philips Sonicare partners with comedian Kate McKinnon in new marketing campaign

Philips Avent Enters the Smart Parenting Category with the launch of its most advanced baby monitor: the Premium Connected Baby Monitor

Pioneering hospitals take major steps towards decarbonizing healthcare with Philips

Siloam Hospitals Group and Philips sign AI capability MoU to support Indonesia's healthcare transformation strategy

OMNIVISION Partners with Philips on Industry's First In-Cabin Driver Health Monitoring Automotive Solution

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