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PRTG

Portage Biotech Inc. (NASDAQ:PRTG) is expanding its strategic alternatives review and pausing further enrollment in the ADPORT-601 clinical trial to extend its cash runway. The company is exploring options including partnerships, asset sales, a company sale, mergers, restructurings, or a wind down. There's no assurance that this process will result in any agreements or successful transactions.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 12:06 pm

LLY

NVO

The Pharmacovigilance Risk Assessment Committee (PRAC) has found no evidence linking GLP-1 diabetes medications, including dulaglutide, exenatide, liraglutide, lixisenatide, and semaglutide, to suicidal or self-injurious behavior. This conclusion comes after reviewing case reports, additional data from marketing authorization holders, and recent studies. Medications such as Ozempic, Rybelsus, Wegovy, Victoza, Saxenda, Xultophy, Byetta, Bydureon, Lyxumia, Suliqua, and Trulicity are cleared of these concerns. Marketing authorization holders will continue to monitor and report on safety.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 12:02 pm

GNS

Genius Group Limited (NYSE:GNS) announced the launch of Singapore Genius City, its first Sovereign AI Education Ecosystem. This initiative aims to provide AI Education and Acceleration courses to various groups through both physical and online platforms. The launch in Singapore will be followed by openings in Dubai and Abu Dhabi, with plans to unveil ten more Genius Cities in 2024. The company's CEO, Roger Hamilton, highlighted Singapore's role as a model city for AI competitiveness and the company's commitment to contributing to AI education and talent development.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 12:01 pm

ALGT

KMT

TRN

Wall Street's most accurate analysts have provided updates on three high-dividend yielding industrials stocks: Kennametal Inc. (KMT), Allegiant Travel Company (ALGT), and Trinity Industries, Inc. (TRN). These updates include changes in price targets and ratings, reflecting the analysts' views on the current and future performance of these companies. Notably, Kennametal has appointed a new President & CEO, Allegiant reported its February 2024 traffic, and Trinity Industries is set to report its Q1 2024 financial results soon.

Portfolio Pulse from Avi Kapoor

April 12, 2024 | 11:57 am

BP

EIPX

HJEN

BP p.l.c. (NYSE:BP) shares are trading higher premarket after reports emerged that Abu Dhabi National Oil Company (ADNOC) considered buying the company, although discussions did not progress beyond preliminary stages. ADNOC ultimately decided BP wasn't the right fit for its strategy, citing political considerations and BP's underperformance compared to competitors. Despite this, BP's direct talks with ADNOC and consultations with investment banks on a potential deal were noted. Additionally, BP expects higher upstream production in Q1 2024. Investors can also gain exposure to BP through Direxion Hydrogen ETF (NYSE:HJEN) and First Trust Energy Income Partners Strategy ETF (NYSE:EIPX).

Portfolio Pulse from Lekha Gupta

April 12, 2024 | 11:42 am

IVVD

Invivyd announced a CEO transition, appointing Jeremy Gowler as the interim CEO effective immediately, succeeding Dave Hering. This change in leadership could signal a new strategic direction or focus for the company.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 11:33 am

JPM

JP Morgan's CEO emphasized the need for the firm to be prepared for various potential environments to maintain consistent support for clients. This statement underscores the importance of adaptability and resilience in the face of uncertain market conditions.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 10:55 am

BA

Boeing Co (NYSE:BA) disclosed in a securities filing that an internal review found executives, including CEO David Calhoun, took personal trips on company jets misclassified as business travel, exceeding $500,000. The review, prompted by a Wall Street Journal investigation, led to revised disclosures for 2021 and 2022, aligning with SEC rules. Boeing's board mandates CEO's private jet use for security reasons. The company reported $514,000 in personal flights for Calhoun in 2023, as part of his compensation. BA shares slightly rose by 0.05% in premarket trading.

Portfolio Pulse from Shivani Kumaresan

April 12, 2024 | 10:50 am

MU

NVDA

SSNLF

Samsung Electronics Co plans to announce a $44 billion investment in a chip plant in Taylor, Texas, with over $6 billion in U.S. government grants. This move is part of the U.S. strategy to boost domestic semiconductor production under the 2022 Chips and Science Act. Samsung's investment aims to enhance its chip technology, aligning with AI industry leaders like NVIDIA Corp and Micron Technology, and follows a collaboration with Arm Holdings for next-gen CPU technology.

Portfolio Pulse from Benzinga Neuro

April 12, 2024 | 10:49 am

TH

Target Hospitality has announced a partnership with the Chard Métis Dene Group, aiming to support the Chard Métis Nation in Alberta, Canada. This collaboration is focused on promoting economic independence and development opportunities for the community, aligning with Target Hospitality's commitment to investing in local communities.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 10:48 am