Streetbeat News

Products Services

ALVO

STADA and Alvotech have launched Uzpruvo, the first approved biosimilar to Stelara in Europe, across major European markets. This launch follows the expiry of exclusivity rights linked to the European reference molecule patent, providing expanded access to a critical medicine in gastroenterology, dermatology, and rheumatology.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 10:36 am

CRWD

GLD

MSFT

SPY

UNG

On July 19th, U.S. stock markets closed lower due to a global tech outage caused by a glitch in Crowdstrike’s software, affecting Microsoft’s Windows system. The Dow Jones fell 0.93%, the S&P 500 declined 0.71%, and the Nasdaq Composite dropped 0.81%. Energy shares experienced the largest decline, while healthcare and utilities posted gains. Baker Hughes reported a decrease in active U.S. oil rigs. European markets advanced, and the U.S. dollar retreated while gold held above $2,400.

Portfolio Pulse from Akanksha Bakshi

July 22, 2024 | 10:36 am

NUVL

Nuvalent, Inc. (NASDAQ: NUVL) has initiated a Phase 1 clinical trial for its HER2-selective inhibitor, NVL-330, targeting pre-treated patients with HER2-altered non-small cell lung cancer (NSCLC).

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 10:31 am

ITA

PPA

WWD

Boeing's Commercial Market Outlook predicts a need for 44,000 new airplanes by 2043, driven by emerging markets and single-aisle demand. The global fleet is expected to grow at 3.2% annually. Boeing also forecasts a $4.4 trillion demand for commercial services. Woodward, Inc. will supply solutions for Boeing's X-66A aircraft. Boeing faces a potential strike from Washington state factory workers. Boeing's stock has declined over 16% in the past year.

Portfolio Pulse from Lekha Gupta

July 22, 2024 | 10:23 am

Boeing has announced that Korean Air intends to purchase up to 50 widebody airplanes, including 20 777-9s and 20 787-10s, with options for 10 more 787 Dreamliners. The terms of the deal have not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 10:14 am

BABA

BIDU

BILI

NVDA

PDD

China has lowered key interest rates to stimulate its economy, leading to a rise in Chinese stocks including Alibaba, PDD Holdings, JD.Com, Baidu, and Bilibili. Nvidia is developing a new AI chip to meet U.S. export restrictions for China, which could benefit Alibaba and Baidu. Alibaba, Baidu, JD.Com, and Bilibili have faced significant stock declines over the past year, while PDD has seen gains.

Portfolio Pulse from Anusuya Lahiri

July 22, 2024 | 10:13 am

FXI

NVDA

SPY

Nvidia is developing a version of its new flagship AI chips for the Chinese market that complies with U.S. export controls.

Portfolio Pulse from charles@benzinga.com

July 22, 2024 | 10:11 am

UHAL

U-Haul has acquired the former Lazy Day Storage facility at 6619 Lanier Islands Parkway in Buford, now named U-Haul Moving & Storage at Lake Lanier. The facility includes 307 drive-up self-storage units and offers U-Haul truck and trailer sharing, towing equipment, and moving supplies. The terms of the acquisition were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 10:10 am

VWAGY

Onsemi has signed a multi-year deal with Volkswagen to supply silicon carbide-based solutions for their vehicle lineup. This includes an integrated module compatible with all vehicle categories. Volkswagen will also benefit from Onsemi's planned expansion of silicon carbide manufacturing in the Czech Republic.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 10:08 am

KBR

SHEL

KBR announced that its Blue Ammonia technology has been selected by Shell for the Blue Horizons low-carbon hydrogen and ammonia project in Duqm, Oman.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 10:06 am