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The FAA has proposed mandatory maintenance checks for Boeing's 787 Dreamliners due to missed inspections on a critical landing gear part. This directive could affect 156 U.S.-registered airplanes. Boeing's stock and several aerospace and defense ETFs saw declines following the news.

Portfolio Pulse from Michael Juliano

August 01, 2024 | 8:09 pm

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VIR

Vir Biotechnology has entered an exclusive worldwide license agreement with Sanofi for three clinical-stage masked T-cell engagers and the use of a protease-cleavable masking platform for oncology and infectious diseases.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 8:07 pm

INTC

Intel CEO Pat Gelsinger announced that the company's Q2 financial performance was disappointing despite achieving key product and process technology milestones. The second half of the year is expected to be more challenging than previously anticipated. Intel is leveraging a new operating model to improve efficiencies and accelerate its IDM 2.0 transformation.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 8:06 pm

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

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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

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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

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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