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SDZNY

Sandoz has launched Pyzchiva (ustekinumab) biosimilar across Europe to treat chronic inflammatory diseases, including plaque psoriasis, psoriatic arthritis, Crohn's disease, and pediatric plaque psoriasis. This launch strengthens Sandoz's immunology portfolio in Europe.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 6:02 am

DAWN

IPSEY

Ipsen has secured ex-U.S. rights to tovorafenib, a drug for pediatric brain cancer, from Day One. Day One will receive $111 million upfront and up to $350 million in milestone payments, plus royalties. The drug is FDA-approved for relapsed or refractory pediatric low-grade glioma and is undergoing a Phase III trial for newly diagnosed cases.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 5:54 am

SNY

TEVA

Teva and Sanofi have accelerated the enrollment for their Phase 2b trial of duvakitug (anti-TL1A) for treating inflammatory bowel disease (IBD), with topline results now expected in Q4 2024. This collaboration aims to develop and commercialize the treatment for moderate-to-severe ulcerative colitis (UC) and Crohn's disease (CD).

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 5:47 am

CRWD

MSFT

CrowdStrike (NASDAQ: CRWD) experienced a global outage affecting 8.5 million Windows computers due to a faulty update. The company is offering $10 Uber Eats gift cards as an apology, but some users reported issues redeeming them. The incident caused significant disruptions and financial losses, including a $500M hit for Delta Air Lines. Despite this, Ark Invest purchased 20,219 shares of CrowdStrike.

Portfolio Pulse from Benzinga Neuro

July 25, 2024 | 5:11 am

BTCUSD

DOGEUSD

SHIBUSD

SOLUSD

Cat-themed meme coin, Cat In A Dogs World (MEW), surged 81% over the past week, outperforming other cryptocurrencies like Dogecoin, Shiba Inu, and Bitcoin. The rally is driven by first-time traders and small retail investors. Solana (SOL) also saw a 7% increase, with growing interest from major investment firms.

Portfolio Pulse from Aniket Verma

July 25, 2024 | 4:09 am

BTCUSD

ETHUSD

Anthony Scaramucci, former White House Communications Director, expressed support for Vice President Kamala Harris and her potential cryptocurrency policies. He believes Harris will implement favorable regulatory measures for the crypto industry.

Portfolio Pulse from Aniket Verma

July 25, 2024 | 3:27 am

GOOG

GOOGL

Wedbush analyst Dan Ives is optimistic about Alphabet Inc. (NASDAQ:GOOGL, NASDAQ:GOOG), citing a resurgence in the company's momentum, particularly in AI and advertising. Despite a recent sell-off, Alphabet's strong Q2 financial performance and future potential in AI are highlighted.

Portfolio Pulse from Benzinga Neuro

July 25, 2024 | 3:27 am

BTCUSD

Economist Peter Schiff criticized Bitcoin investors' hopes that former President Donald Trump would declare Bitcoin as a Treasury reserve asset, comparing it to political vote-buying tactics like President Joe Biden's student loan forgiveness promise. Schiff's remarks come amid rumors and a cryptic post by Sen. Cynthia Lummis suggesting Trump might make such an announcement at the Bitcoin 2024 conference. Despite this, the cryptocurrency prediction market Polymarket sees only a 29% chance of this happening. Bitcoin is currently trading at $64,248.61, down 2% in the last 24 hours.

Portfolio Pulse from Aniket Verma

July 25, 2024 | 2:35 am

NVDA

SK Hynix, a key supplier to Nvidia, reported its highest quarterly profit since 2018, driven by the demand for AI chips. Despite this, SK Hynix's stock dropped nearly 8% following a US tech sell-off, which also saw Nvidia's stock decrease by 6.8%.

Portfolio Pulse from Benzinga Neuro

July 25, 2024 | 2:28 am

BTCUSD

DOGEUSD

ETHUSD

GOOGL

TSLA

Bitcoin remained stable while Ethereum and Dogecoin fell amid a stock market crash. Ethereum saw significant sell-offs and liquidations, with analysts predicting a potential rise to $4,000 in the next two weeks. The stock market experienced its worst day since 2022, with major declines in Alphabet and Tesla shares.

Portfolio Pulse from Aniket Verma

July 25, 2024 | 2:10 am