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ALLK

Allakos shares are trading lower following the announcement of results from the Phase 1 study of intravenous AK006 in healthy volunteers.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 8:30 pm

NNE

Nano Nuclear Energy Inc. (NASDAQ:NNE) shares surged significantly after Benchmark raised its price target from $15 to $39. The stock's rise is driven by the U.S. Senate's approval of the ADVANCE Act and the company's acquisition of ALIP IP, enhancing its technological capabilities. NNE shares closed up 39.43% at $29.10.

Portfolio Pulse from Vaishali Prayag

June 25, 2024 | 8:24 pm

ACIC

SBCF

SNV

American Coastal Insurance has extended its exclusive managing agency contract with AmRisc for five years, effective June 1, 2024, and expiring January 1, 2029. The contract remains exclusive for the Florida admitted condominium association property insurance market.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 8:17 pm

CACI

CACI International has secured an eight-year contract worth up to $2 billion to provide digital solutions technology to NASA. This contract will standardize and centralize 11 of NASA's IT services, enhancing efficiency and productivity across more than 200 systems.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 8:16 pm

DOCU

Docusign has announced new leadership appointments with Paula Hansen as President and Chief Revenue Officer, and Sagnik Nandy as Chief Technology Officer, both starting on August 5, 2024. These appointments aim to drive growth in the new SaaS category of Intelligent Agreement Management.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 8:16 pm

MRK

Merck & Company's Merck Animal Health division received approval from the U.S. Department of Agriculture for NOBIVAC NXT Canine Flu H3N2, a vaccine for a highly contagious respiratory disease in dogs. This represents a significant scientific achievement.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 8:06 pm

ALLK

Allakos Inc. (ALLK) announced positive Phase 1 results for its drug candidate AK006. The drug achieved serum concentrations showing inhibitory activity in preclinical experiments and skin biopsies showed high receptor occupancy. AK006 was well-tolerated with a favorable safety profile.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 8:02 pm

PANW

Whales are showing a bullish stance on Palo Alto Networks (NASDAQ:PANW) with significant options activity. 47% of the trades are bullish, and 40% are bearish. The price range eyed by big players is between $200 and $450. The stock is currently trading at $322.7, up by 1.9%. Analysts have mixed ratings with an average target price of $359.5.

Portfolio Pulse from Benzinga Insights

June 25, 2024 | 8:02 pm

BTCUSD

DOGEUSD

ETHUSD

Cryptocurrency markets are up despite ETFs recording their seventh consecutive day of negative fund flows. Bitcoin, Ethereum, and Dogecoin have seen significant price increases, with large transaction volumes and daily active addresses spiking. Notable developments include SEC Chair Gary Gensler's positive comments on Ethereum ETF approval and Warren Buffett-owned Nubank's integration of Bitcoin Lightning payments.

Portfolio Pulse from Khyathi Dalal

June 25, 2024 | 7:58 pm

CEG

DUK

EVRG

GOOGL

MSFT

PEG

The rapid development of AI by big tech companies is causing significant environmental concerns, including increased energy and water consumption. Companies like Alphabet, Amazon, and Microsoft are driving up demand for data center power, which is straining energy providers like Dominion Energy. Coal and nuclear energy companies are seeing increased demand as a result. Microsoft is also working on a nuclear fusion generator to reduce AI-related carbon emissions by 2028.

Portfolio Pulse from Hayden Buckfire

June 25, 2024 | 7:55 pm