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DADA

Dada Nexus Limited has announced preliminary estimates indicating that approximately RMB 500 million in revenues from online advertising and marketing services, as well as RMB 500 million in operations and support costs, may have been overstated.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 2:41 pm

DADA

Dada Nexus Limited reported that during an internal audit, suspicious practices were identified that could affect the legitimacy of some of its 2023 revenues from online advertising and marketing services.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 2:40 pm

PLTR

The weekend's top stories included North Korea's missile deal with Russia, Mike Pence's stance against banning Trump from the 2024 ballot, public opinion favoring Trump's candidacy, Cathie Wood's ARK Invest increasing its stake in Palantir Technologies (NYSE:PLTR) despite analyst downgrades, and anticipation for the decision on the U.S.'s first Bitcoin ETF. ARK Invest's ETFs purchased additional shares of Palantir.

Portfolio Pulse from Benzinga Neuro

January 08, 2024 | 2:22 pm

LQDA

UTHR

Liquidia Corporation has responded to a patent infringement lawsuit by United Therapeutics, seeking dismissal of all claims related to the '793 patent due to prior invalidity findings affirmed by the Federal Circuit. Liquidia also filed counterclaims asserting the '327 patent is not infringed, invalid, and unenforceable, alleging United Therapeutics failed to disclose prior art during patent prosecution. The dispute centers around Liquidia's NDA for YUTREPIA, an inhalation powder for treating pulmonary hypertension. Liquidia argues against a 30-month regulatory stay, as the patents were not issued before the original NDA filing.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 1:38 pm

JD

JD.com's stock is trading lower following an internal audit by its subsidiary Dada, which uncovered suspicious practices.

Portfolio Pulse from Luke J Jacobi

January 08, 2024 | 1:35 pm

SPR

Spirit AeroSystems has issued a statement regarding Alaska Airlines Flight 1282, indicating that they are following the protocols set by regulatory authorities guiding communication.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 1:30 pm

RGNX

SRPT

The U.S. District Court for the District of Delaware ruled in favor of Sarepta Therapeutics, granting summary judgment on invalidity in a patent infringement lawsuit filed by REGENXBIO Inc. and the University of Pennsylvania. The patent in question, used by Sarepta to produce SRP-9001 for Duchenne muscular dystrophy treatment, was exclusively licensed to REGENXBIO by Penn. REGENXBIO plans to appeal the decision, which does not affect its current licenses or therapeutic pipeline.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 12:27 pm

BA

LMT

United Launch Alliance (ULA), a joint venture between Lockheed Martin (NYSE:LMT) and Boeing (NYSE:BA), launched the Vulcan rocket carrying human remains for 'space burials,' despite objections from the Navajo Nation. The Navajo Nation President, Buu Nygren, had previously urged NASA to consult with them, citing the Moon's sacred status in indigenous cultures. The White House held a meeting to address these concerns. The launch is a milestone in U.S. space exploration, with the Vulcan rocket set to compete with SpaceX's Falcon 9 and carry various payloads, including NASA instruments for lunar research.

Portfolio Pulse from Pooja Rajkumari

January 08, 2024 | 12:22 pm

FXI

China's President Xi Jinping has committed to intensifying the anti-corruption campaign within key sectors including state-owned enterprises, energy, finance, and infrastructure construction, as reported by Reuters citing state media.

Portfolio Pulse from Charles Gross

January 08, 2024 | 11:11 am

IDCC

InterDigital, Inc. (NASDAQ:IDCC) has been granted an injunction by the Regional Court Munich I against OPPO, Realme, and OnePlus for infringing on its 5G patent. The court ruled that InterDigital acted in accordance with FRAND principles, while the defendants did not.

Portfolio Pulse from Charles Gross

January 08, 2024 | 11:09 am