Apple & NXP Semiconductor
Apple is reportedly working on a system that could change the way you pay for everything from coffee to shoes. The tech giant is collaborating with Dutch chip maker NXP Semiconductor on technology to enable pay-to-touch in the next iPhone. This technology allows a smartphone to communicate wireless with other devices by tapping them together. Just yesterday, Apple announced an event scheduled for September 9th where it is widely expected to reveal the new iPhone. Shares of Apple were up slightly to $102.05, a new record. NXP added two percent to $68.52.
Big Lots reported earnings that came in better than expected as the company posted higher sales. But the discount retailer’s revenue was below estimates and the same was true for its same-store sales. The chain did raise the lower end of its yearly earnings forecast. Still, shares fell nearly two percent to $46.35.
Some promising drug news lifted shares of AstraZeneca. The company moved a key immune disease treatment into a mid-stage study, heightening hope for its success. The drug is designed to help the body’s immune system ward off tumors. The stock moved up more than two percent to $76.01.
BioCryst Pharmaceuticals also rose after it announced plans to initiate a study of its Ebola drug on primates. It’s received an additional $2.4 million in government funding for the test. Shares were up more than two percent to $13.50.
Tesla and Chinese phone carrier are teaming up to build 400 charging stations for electric cars in the Asian nation. The move is an effort to push sales in the world’s biggest auto market. Tesla’s shares closed at an all-time high today of $269.70, a gain of more than two percent.
$10 could buy you a piece of Kraft Foods. The company is offering up to 1.5 million shares of its stock as part of its new social stock plan. The food giant is partnering with Loyal3 Securities, which allows investors to purchase fractional shares in the company. Kraft shares edged up a fraction to $58.85.