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AMC

NFLX

TSLA

UAL

WISA

On Tuesday, U.S. stock indexes showed mixed results with the Dow Jones up by 0.2%, the S&P 500 down by 0.2%, and the Nasdaq up by 0.1%. Netflix, AMC, United Airlines, WiSA Technologies, and Tesla were among the most notable stocks. Netflix is anticipated to release its Q1 financial results soon. AMC's stock surged, with its CEO commenting on the company's stability. United Airlines reported revenue exceeding estimates. WiSA Technologies saw a significant jump after a licensing agreement. Tesla's stock fell amid halted development of a low-cost vehicle.

Portfolio Pulse from Benzinga Neuro

April 17, 2024 | 2:43 am

CRLBF

At the Benzinga Cannabis Capital Conference in Florida, Cresco Labs' CEO Charlie Bachtell expressed optimism about cannabis rescheduling and industry reform, highlighting the process it's undergoing and the significance of Health and Human Services' acknowledgment of cannabis' medicinal value. Bachtell discussed the political landscape, the SAFER Banking Act, and envisioned a domino effect of positive developments for cannabis policy in the U.S. following rescheduling. He addressed investor concerns, emphasizing the commitment of legislative leaders to cannabis reform.

Portfolio Pulse from Nicolás Jose Rodriguez

April 16, 2024 | 11:19 pm

ALVO

TEVA

The FDA has approved SELARSDI, a biosimilar to Stelara, for the treatment of moderate to severe plaque psoriasis and active psoriatic arthritis in adults and pediatric patients 6 years and older. This approval comes under the strategic partnership between Teva and Alvotech, with Teva being responsible for the exclusive commercialization of SELARSDI in the United States.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 9:33 pm

GORO

IONR

KALU

USAU

Gold Resource (NYSE:GORO) reported Q1 sales with significant metal outputs and ongoing efficiency efforts. Worthington Steel (NYSE:WS) was recognized as a partner-level supplier by John Deere (NYSE:DE) for the 12th consecutive year. U.S. Gold (NASDAQ:USAU) announced a $4.9 million direct offering. Ioneer (NASDAQ:IONR) discussed progress at its Rhyolite Ridge lithium site, highlighting its contribution to America's critical minerals supply chain. Kaiser Aluminum (NASDAQ:KALU) declared a quarterly dividend of 77 cents per share.

Portfolio Pulse from Austin DeNoce

April 16, 2024 | 9:01 pm

DIS

FOXA

WBD

Jerry Nadler and Joaquin Castro have sent a letter to Bob Iger (Disney), Lachlan Murdoch (Fox Corporation), and David Zaslav (Warner Bros Discovery) inquiring about the proposed sports streaming joint venture. The letter raises concerns regarding how this venture may affect access, competition, and consumer choice.

Portfolio Pulse from Charles Gross

April 16, 2024 | 8:56 pm

PXMD

PaxMedica, Inc. (NASDAQ: PXMD) has received an emergency request from the Ministry of Health of Malawi for IV suramin (PAX-101) to treat African sleeping sickness amid a drug shortage. The company, focusing on neurological disorders, has completed pivotal batches of PAX-101 and is in discussions with the FDA regarding the impact on its NDA submission plans. PaxMedica's engagement with the FDA also explores the potential for a Priority Review Voucher under the Neglected Tropical Disease program, aiming to ensure a steady supply of suramin.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 8:32 pm

DTIL

Precision BioSciences (DTIL) has concluded its collaboration with Prevail Therapeutics, regaining control of three programs. The collaboration demonstrated the efficacy of ARCUS for gene excision and insertion. DTIL plans to continue developing these programs independently or with new partners. The company's key clinical priorities in Hepatitis B and Primary Mitochondrial Myopathy, along with its financial runway until the second half of 2026, remain unaffected.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 8:17 pm

CRLBF

MSOS

YOLO

Charlie Bachtell, CEO of Cresco Labs, emphasized the need for the cannabis industry to have access to capital for growth at Benzinga's Capital Cannabis Conference. The conference offers live access for both existing and new subscribers.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 8:15 pm

GRAM

MSOS

Laurie Holcomb highlights the global reach of their medical program, noting discussions with various countries in Europe and the Middle East. The company is open to exploring opportunities in other markets, indicating a potential for international expansion.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 8:06 pm

UAL

United Airlines Holdings has retained the option to convert additional Boeing Max 10 aircraft into Max 8 or Max 9 models as required, indicating flexibility in their fleet management strategy.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 8:04 pm