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BNTX

CVAC

GSK

CureVac N.V. (CVAC) and GSK Plc (GSK) released interim data from their seasonal influenza vaccine study, showing promising results across all age groups and dose levels. The vaccine, designed for broad antigen coverage, demonstrated strong antibody titers and an acceptable safety profile. The study is part of a collaboration between CureVac and GSK, focusing on a multivalent vaccine candidate using CureVac's second-generation mRNA technology. Additionally, CureVac is involved in ongoing patent litigation with BioNTech SE (BNTX) over intellectual property rights.

Portfolio Pulse from Vandana Singh

April 04, 2024 | 4:18 pm

VUZI

Vuzix shares are trading higher following the announcement of receiving new additional orders from two aerospace and defense firms for the development and delivery of waveguide-based display solutions in 2024.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 4:09 pm

DASH

LOW

UBER

DoorDash Inc (NASDAQ:DASH) is expanding into the home improvement market through a partnership with Lowe's Companies Inc (NYSE:LOW), as highlighted by Benchmark analyst Mark Zgutowicz. Zgutowicz is bullish on DoorDash, initiating coverage with a Buy rating and a $165 price target, citing strong monetization potential in new verticals like grocery and convenience. The analysis points out DoorDash's significant market share advantage over Uber Technologies Inc's (NYSE:UBER) Uber Eats and its untapped potential in Retail Media advertising. Shares of DoorDash rose by 0.59% to $139.60.

Portfolio Pulse from Priya Nigam

April 04, 2024 | 4:05 pm

ETSY

PINS

Etsy Inc (NASDAQ:ETSY) shares rose following positive comments from Elliott Investment Management at the Sohn Conference. Elliott's managing partner, Jesse Cohn, highlighted Etsy's potential for significant growth, comparing it to Pinterest Inc (NYSE:PINS), where Elliott has influence. Cohn sees opportunities for Etsy in product engagement, monetization, and increasing buyer spending. Etsy's revenue has grown at an average rate of 40.78% annually over the past five years, with analysts predicting a 19.01% upside in 2025. Despite a year-to-date decline of nearly 20%, Etsy's stock was up 1.86% at the time of publication.

Portfolio Pulse from Adam Eckert

April 04, 2024 | 3:48 pm

BORR

Borr Drilling Limited (NYSE:BORR) shares fell over 5% due to a notice of temporary suspension of operations for its rig 'Arabia I' in Saudi Arabia for up to 12 months, starting in Q2. The company plans to seek alternative engagement for the rig during this period. Despite this setback, Borr Drilling has secured several new contracts in 2023, adding $728 million, with an implied rate of approximately $161,000 per day. Firm contracts and priced options already cover 87% of available capacity in 2024. Over the past year, BORR stock has lost over 23%.

Portfolio Pulse from Nabaparna Bhattacharya

April 04, 2024 | 3:40 pm

ETHUSD

XRPUSD

Ripple announced the launch of a U.S. dollar-pegged stablecoin on the XRP Ledger and Ethereum, aiming to compete with Tether and Circle in the $150 billion stablecoin market. The stablecoin is backed by U.S. dollar deposits, short-term U.S. government treasuries, and cash equivalents, with plans for third-party audits and monthly attestations for transparency. This move is seen as a strategic step for Ripple and is expected to enhance liquidity and opportunities for the XRP Ledger community.

Portfolio Pulse from Murtuza Merchant

April 04, 2024 | 2:54 pm

IBKR

Interactive Brokers Group Inc (NASDAQ:IBKR) has launched a new desktop trading application for Windows and Mac, aiming to redefine trading technology expectations. The platform, designed for serious investors, supports trading in multiple asset classes worldwide and offers features like various order types, options visualization, and technical analysis tools. The company emphasizes its competitive advantages in product breadth, cost, technology, and financial strength. Additionally, Interactive Brokers is expanding its offerings with retirement planning tools and an HTML-based client portal for advisors.

Portfolio Pulse from Renato Capelj

April 04, 2024 | 2:44 pm

CVX

Chevron Corp (NYSE:CVX) has invested $45 million in Series A financing in ION Clean Energy, a Boulder, Colorado-based technology company specializing in carbon capture technology. This investment aims to support the growth and commercial rollout of ION's ICE-31 liquid amine carbon capture technology, targeting hard-to-abate emissions. The collaboration is part of Chevron's strategy to expand its technology portfolio and address emissions from industries with high-volume but low-concentration CO2 emissions, marking a significant step towards a lower carbon future.

Portfolio Pulse from Akanksha Bakshi

April 04, 2024 | 2:36 pm

MQ

SQ

The Bear Cave released a report on Marqeta (MQ), criticizing its financial stability and its association with facilitating criminal payments through Cash App, owned by Block (SQ). Marqeta, a card issuing platform, is under scrutiny due to its major customer Block and banking partner Sutton Bank facing regulatory investigations. The report highlights Marqeta's role in processing payments for a child pornography site, emphasizing the use of Cash App for transactions. Marqeta's revenue heavily relies on Block, contributing 68% in 2023. Despite controversies, Marqeta's payment processing volume doubled from 2021 to 2023.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 2:32 pm

BURU

NUBURU, Inc. (NYSE:BURU) announced a $3 million investment from strategic investors and initial orders from new customers in new markets. The investment, led by fintech leader Alessandro Zamboni, aims to accelerate NUBURU's growth and revenue generation. The company received an order to supply BL-300s for EV battery module production, highlighting its expansion into the sustainable energy market. NUBURU plans to call a special stockholders meeting to approve additional common stock issuance for strategic acquisitions.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 2:22 pm