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GLPG

BridGene Biosciences has expanded its collaboration with Galapagos NV, making BridGene eligible to receive up to $159 million in total payments. The partnership aims to discover highly selective oral SMARCA2 PROTAC.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 8:02 pm

META

TASK

The Bear Cave newsletter issued a report on TaskUs, Inc. (NASDAQ:TASK), claiming that many of its services can be automated by AI, leading to a decline in its stock price. The report also highlighted reduced spending by Meta Platforms, Inc. (NASDAQ:META), TaskUs' largest customer, on TaskUs' services. TaskUs is set to report its Q2 results on Aug. 8.

Portfolio Pulse from Erica Kollmann

August 01, 2024 | 7:25 pm

NFLX

Netflix announced the release date for 'Squid Game' Season 2 on Dec. 26, 2024, and secured rights to broadcast two NFL games on Christmas Day. This strategic move aims to boost viewership and engagement during the holiday season.

Portfolio Pulse from Chris Katje

August 01, 2024 | 7:24 pm

AMD

SMCI

Super Micro Computer, Inc. (NASDAQ:SMCI) shares are trading lower on Thursday ahead of its earnings release on August 6. The company announced the SuperCluster for the NVIDIA Omniverse, featuring high-performance NVIDIA-Certified Systems. On Wednesday, SMCI traded higher in sympathy with Advanced Micro Devices, Inc. (NASDAQ:AMD) after AMD reported strong earnings. SMCI is currently trading 5.71% lower at $661.60.

Portfolio Pulse from Dylan Berman

August 01, 2024 | 7:14 pm

AGCO

BKH

CTVA

EVRG

GNRC

LOW

OGE

PCG

TSN

WMT

A severe heat wave is affecting nearly 150 million Americans, with temperatures exceeding 110 degrees in several states. This extreme weather is expected to impact various sectors, including utilities, home improvement, and agriculture. Companies like Black Hills Corp, OGE Energy Corp, Evergy Inc, PG&E Corp, Lowe’s, Home Depot, Walmart, Generac Holdings, Tyson Foods, Deere & Co, Agco Corp, and Corteva Inc are likely to see changes in demand and operational challenges.

Portfolio Pulse from Hayden Buckfire

August 01, 2024 | 7:02 pm

AAL

ALGT

ALK

DAL

JBLU

LUV

SAVE

UAL

ULCC

The Biden administration has proposed a new rule to ban airlines from charging fees for seating families together. This rule, proposed by the U.S. Department of Transportation, aims to make flying with young children more affordable by eliminating extra seating fees. The rule would impact several airlines, with some already complying voluntarily and others still charging these fees.

Portfolio Pulse from Michael Juliano

August 01, 2024 | 7:01 pm

GSK

GSK's Dostarlimab-Gxly has received FDA approval for expanded use in treating endometrial cancer in combination with chemotherapy.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 7:01 pm

KHC

Analysts remain optimistic about Kraft Heinz (NASDAQ:KHC) despite a 3.6% decline in Q2 FY24 sales. BofA Securities, Stifel, and Piper Sandler analysts reiterated Buy ratings, citing cost efficiencies and future foodservice initiatives as positive factors. Price targets were raised to $40-$41, and EPS estimates were adjusted upwards.

Portfolio Pulse from Nabaparna Bhattacharya

August 01, 2024 | 6:03 pm

AGIO

Agios Pharmaceuticals' (NASDAQ: AGIO) stock dropped 4.87% after its Phase 3 ACTIVATE-KidsT study of mitapivat in children with PK deficiency failed to meet the primary endpoint. Despite some positive secondary outcomes, the study's results were not sufficient to meet the prespecified statistical criterion. The company also reported lower-than-expected sales and earnings for Pyrukynd.

Portfolio Pulse from Vandana Singh

August 01, 2024 | 5:42 pm

COIN

ETH

UNI

Circle has launched the euro-backed stablecoin EURC on the Base mainnet, an Ethereum Layer 2 network. This move aims to enhance liquidity and accessibility for euro-denominated transactions. Key industry players like Coinbase and Uniswap Labs have pledged support for EURC, which complies with the EU's MiCA regulation.

Portfolio Pulse from Murtuza Merchant

August 01, 2024 | 5:41 pm