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BIOR

Biora Therapeutics, Inc. (NASDAQ:BIOR) announced it will present clinical data on the NaviCap Targeted Oral Delivery Platform at Digestive Disease Week 2024. The presentation will include results from device function studies in healthy volunteers and patients with Ulcerative Colitis (UC), taking place on May 19, 2024.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 12:18 pm

DCOM

Dime Community Bancshares, Inc. (DCOM), the parent company of Dime Community Bank, announced the hiring of a deposit-focused group to expand in the Williamsburg market. The group, led by John McDonough and Emanuel "Manny" Diconimakis, previously worked at the former Signature Bank and its successor, Flagstar Bank.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 11:52 am

PEV

Phoenix Motor Inc. is set to unveil its new branding at the Advanced Clean Transportation Expo 2024, where it will also showcase its extensive range of commercial electric vehicle (EV) solutions. These include various sizes of transit buses, medium-duty shuttle buses, work trucks, delivery trucks, and a Type A School Bus, targeting a diverse clientele such as transit agencies, airport parking companies, cities, school districts, universities, and corporate fleets.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 11:50 am

BLRX

BioLineRx is set to present a poster on the economic model data for APHEXDA at the ISPOR 2024 conference today. This presentation could highlight the potential economic benefits and cost-effectiveness of APHEXDA, possibly influencing investor perception and the valuation of BioLineRx.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 11:03 am

LKNCY

SBUX

VTI

XLY

Former Starbucks CEO Howard Schultz has called for a major overhaul of the company amid a sales slump, citing a need to revamp operations and improve the customer experience. Starbucks faces challenges from inflation, competition in China from Luckin Coffee, and a significant drop in sales due to various factors. The company's second-quarter results fell short of expectations, with a 4% decline in global comparable store sales and earnings missing analyst estimates. Despite these challenges, Schultz remains optimistic about Starbucks' recovery, especially in China. Starbucks stock has declined over 31% in the last 12 months, but shares are trading higher in premarket.

Portfolio Pulse from Shivani Kumaresan

May 06, 2024 | 10:31 am

AMKBY

A. P. Moller Maersk (OTC:AMKBY), the world's largest container shipping company, announced that disruptions in the Red Sea, caused by attacks from Iran-aligned Houthi militants, are expected to reduce the shipping industry's capacity between the Far East and Europe by 15%-20% in Q2. These disruptions have forced vessels to reroute, leading to longer journey times and increased freight rates. Maersk has leased over 125,000 additional containers to enhance reliability and address the capacity shortage, with disruptions likely to persist until the end of the year.

Portfolio Pulse from Benzinga Neuro

May 06, 2024 | 9:18 am

GOOGL

TSLA

Texas Governor Greg Abbott's anti-immigration measures along the Texas-Mexico border have led to significant environmental degradation, particularly in Eagle Pass. The construction of a new $170 million facility, Camp Eagle, for Texas National Guards, as part of Operation Lone Star, has exacerbated the situation, costing over $11 billion. The environmental damage has sparked concerns among residents and environmentalists. Meanwhile, tech leaders like Sundar Pichai of Alphabet Inc. and Elon Musk of Tesla Inc. have called for updated U.S. immigration policies to attract AI and tech talent, highlighting the broader implications of immigration policies.

Portfolio Pulse from Benzinga Neuro

May 06, 2024 | 6:03 am

NVO

Elon Musk endorsed Novo Nordisk's Ozempic, a drug primarily for Type 2 diabetes, as a solution to childhood obesity, sparking a conversation on the topic. Musk's support for Ozempic, highlighted in a response to a post about obesity policies on X, brings attention to the obesity issue in the U.S. and Japan. Novo Nordisk, the maker of Ozempic, has also launched Wegovy in Japan to address obesity, amidst concerns over the high cost of these drugs.

Portfolio Pulse from Ananya Gairola

May 06, 2024 | 3:50 am

AAPL

Bloomberg columnist Mark Gurman suggests Apple Inc. should make the iPad a genuine laptop replacement, arguing that the company has been holding back the device's potential. With new iPads set to launch, including models with M4 and M2 chips, Gurman believes Apple should enhance the iPad's capabilities to match those of a laptop, especially in multitasking and hardware, to revitalize its appeal.

Portfolio Pulse from Ananya Gairola

May 06, 2024 | 3:03 am

AAPL

AMZN

GOOG

META

MSFT

NTDOF

PLTR

SONY

TSLA

UBSFF

Last week in consumer tech saw Amazon's Q1 FY24 sales surpass expectations, Microsoft and Sony enhancing gaming offerings, Ubisoft and Nintendo announcing new game details, and Apple facing challenges with iPhone sales and AI advancements. Elon Musk criticized Meta and highlighted X's design overhaul. Palantir's CEO made controversial remarks, and the EU considered a TikTok ban. Amazon's AI business achieved a multibillion-dollar revenue rate, while Apple teased future AI developments.

Portfolio Pulse from Lekha Gupta

May 06, 2024 | 2:41 am