Gene-sequencing giant Illumina (ILMN) said Tuesday that it had formed a new company called Helix that it hopes will bring genomics to the masses. “Helix will enable individuals to acquire an unprecedented amount of genetic information by providing affordable sequencing and database services for consumer samples brought through third party partners, driving the creation of an ecosystem of consumer applications,” Illumina explained in its press
Cheetah Mobile (CMCM) stock took a hit Tuesday despite handily beating Wall Street’s Q2 forecast, continuing an overall decline that began last week when China devalued its yuan. The Beijing-based mobile- and PC-security provider sprinted past the consensus of eight analysts polled by Thomson Reuters when it reported Q2 earnings late Monday. But, those earnings were held up against China’s already struggling economy. On Friday, China’s securities
What cable channels make the cut and are included in Apple’s (AAPL) expected Web TV service could take on more significance after the recent sell-off in media and entertainment stocks. Apple, it’s widely reported, has been in talks with programmers to offer a slimmed-down bundle of TV networks. While Apple is said to be keen on including live broadcast networks NBC, ABC, CBS and Fox, its plans for cable TV channels remain unknown. UBS analyst Doug Mitchelson, in a research report Tuesday on Discovery (DISCA), calls Apple’s Web TV launch a wild card for cable channels. Discovery is perhaps best known for its popular “Shark Week” programming, but Discovery stock is down nearly 35% in the past year as the pay-TV and video content industry goes through a transition, with more viewers moving to Internet services and dropping cable services, or cutting the cord.