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PRCT

PROCEPT BioRobotics has received FDA approval for a pivotal clinical trial comparing Aquablation therapy to radical prostatectomy for prostate cancer. The company also received Breakthrough Device Designation for this therapy, expediting its review process.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 8:05 pm

BDTX

Black Diamond Therapeutics is restructuring to focus on advancing BDTX-1535 for EGFRm NSCLC, aiming for key milestones in Q1 2025. The company will deprioritize BDTX-4933 and seek partners, with cost savings expected to extend their cash runway into Q2 2026.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 8:02 pm

RIOT

Cryptocurrency markets are stable with Bitcoin holding above $60,000. Traders predict a potential test of $65,000-$66,000 for Bitcoin. Riot Platforms is exploring AI while focusing on Bitcoin mining.

Portfolio Pulse from Khyathi Dalal

October 07, 2024 | 7:44 pm

PGR

Progressive Corp (NYSE:PGR) shares fell by 4.4% due to concerns over escalating insurance claims as Hurricane Milton approaches Florida. The potential for back-to-back hurricanes raises fears of significant financial impact on Progressive, a major auto insurer in the region.

Portfolio Pulse from Henry Khederian

October 07, 2024 | 7:31 pm

CB

Chubb Ltd (NYSE:CB) shares fell 5% due to concerns over Hurricane Milton approaching Florida, following recent damage from Hurricane Helene. As a major insurer in the region, Chubb faces potential financial strain from increased claims, impacting its profitability.

Portfolio Pulse from Henry Khederian

October 07, 2024 | 7:26 pm

EWI

INDA

The US State Department has approved potential military sales to India, Italy, and Romania, totaling $965 million. These sales include torpedoes to India, an electronic attack mission system to Italy, and a radar system to Romania.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 7:09 pm

DRIV

GM

China and South Korea are making significant advancements in EV battery technology. China's Dalian Institute developed stable, cost-effective ORAMs for AOFBs, while South Korea's LG Chem introduced a fire-prevention layer for EV batteries. These innovations could enhance EV adoption.

Portfolio Pulse from Stjepan Kalinic

October 07, 2024 | 6:58 pm

DIS

Walt Disney Company shares fell on Monday as Florida braces for Hurricane Milton, a Category 5 storm. Disney World in Orlando may face closures, impacting revenue. The storm could lead to significant evacuations and damage, affecting Disney's operations.

Portfolio Pulse from Vaishali Prayag

October 07, 2024 | 6:53 pm

BTCUSD

ETHUSD

JPMorgan analysts predict a positive October for Bitcoin, citing historical trends and potential catalysts like options trading on spot Bitcoin ETFs. Ethereum's upcoming upgrade is seen as a structural improvement. The crypto market remains sensitive to macro factors.

Portfolio Pulse from Ivan Crnogatić

October 07, 2024 | 6:49 pm

MSTR

Bernstein analysts project a 64% upside for MicroStrategy's stock, setting a $290 price target based on its Bitcoin acquisition strategy. The company's substantial Bitcoin holdings and the assumption of Bitcoin reaching $1 million by 2033 underpin this optimistic outlook. However, risks include potential Bitcoin price stagnation, which could force asset sales.

Portfolio Pulse from Ivan Crnogatić

October 07, 2024 | 6:40 pm