Amazon Fire TV Gets Its Voice On Through Alexa

Amazon.com ( AMZN ) is adding voice-control features to its Fire TV system through Alexa, Amazon’s personal assistant app and rival to Apple’s Siri. The new Alexa features coming to Fire TV include the ability to control playback of Amazon Video, launch apps, access local movie showtimes, and search local businesses and restaurants, Amazon said. Users can also find local movie showtimes and where they are playing. The new Alexa features will be automatically delivered via free, over-the-air software updates in the coming weeks, Amazon said. Many of the new features are similar to what’s available on the Apple ( AAPL ) TV system through its Siri technology. Amazon’s Fire TV has a library of about 4,000 channels, apps and games, and supports 4K Ultra HD playback. Amazon stock fell 2.2% in the stock market today , to 695.27, where 700 had been a point of resistance.

AbbVie’s Biggest Drug Gets Patent Setback; Stock Tumbles

Shares of big pharma AbbVie ( ABBV ) nosedived Monday after the U.S. Patent and Trademark Office agreed to review a challenge to a patent on its best-selling drug. The Patent Trial and Appeal Board accepted a request for inter partes review (IPR) by generic-drug startup Coherus Biosciences ( CHRS ) on patent 8,889,135, or the “methods” patent, for rheumatoid-arthritis treatment Humira. The patent is due to expire in 2025, but if Coherus is successful, it could launch its biosimilar version of Humira earlier. That might not happen too soon, though, since the review normally takes a year and is then open to appeal. AbbVie stock, which had opened flat on the stock market today , abruptly dropped 4% after the news came out mid-morning, to near 60, and ended Tuesday’s session at 60.23, down 3.6%. Coherus’ more lightly traded stock jumped 16%, to 18.85. AbbVie is No. 1 in its Industry Group — find out more at IBD Stock Checkup . Humira is currently the top-selling drug in the world, with $14 billion in sales last year. Coherus is one of several companies developing biosimilars of Humira — others include privately held Boehringer Ingelheim, which has some outstanding IPR requests on several different patents, and Amgen ( AMGN ), whose IPR request on a different Humira patent was denied back in January. Coherus has also filed IPR requests on two other patents. “Keep in mind AbbVie also has methods patents which cover other approved Humira indications, such as Crohn’s (disease), and we would expect additional IPRs/litigation to commence prior to potential biosimilar approvals (Amgen’s Humira biosimilar could be approved later this year),” wrote Evercore ISI analyst Mark Schoenebaum in an email. “Thus, these IPRs will likely be the first of many legal actions against AbbVie’s methods patent estate.”

Apple Chip Suppliers Touted; Intel Seen As A Laggard

CLSA started coverage on a host of chip stocks, including some Apple ( AAPL ) suppliers, trying to separate the wheat from the chaff among Microchip Technology ( MCHP ), NXP Semiconductors ( NXPI ), Broadcom ( AVGO ), Intel ( INTC ) and others. CLSA gave a buy rating to NXP, a supplier to Apple and the automotive market, with a 105 target. NXP rose intraday but closed down 0.3% at 84.75 on the stock market today . Broadcom, another Apple supplier, gets an outperform rating from CLSA, with a 165 target. Broadcom fell 1% to 141.17. CLSA gave a buy rating to Microchip with a 58 target. Microchip fell 0.35%. Intel is seen underperforming the market with a 30 target. Intel shares fell 1.35% to 29.98 after closing Monday at 30.39. One analyst thinks Darden Restaurants ( DRI ) is looking tasty, while another is curbing enthusiasm for F5 Networks ( FFIV ). Piper Jaffray raised Darden to an outperform with a 78 target. Darden rose 1% to 63.90. F5 Networks got a downgrade to sector weight from overweight at Pacific Crest as shares neared its prior 109 price target. Shares fell 3.3% to 103.83 FBR Capital thinks now is a good time to wade back into the oil patch, upgrading Halliburton ( HAL ) to outperform from market perform and raising its target to 49 from 44. Halliburton rose 2.5% to 41.17, also helped by rising oil prices.