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SAVA

Cassava Sciences Inc. (NASDAQ:SAVA) has settled SEC charges for $40 million over misleading statements related to its Alzheimer's drug trial. The settlement allows the company to focus on its drug development. HC Wainwright upgraded the stock to Buy with a $116 price target, anticipating positive trial results.

Portfolio Pulse from Vandana Singh

October 08, 2024 | 2:57 pm

SMCI

Super Micro Computer, Inc. (NASDAQ:SMCI) launched a new high-density AI infrastructure platform, causing its stock to initially rise but then fall. The company is under pressure due to a DOJ probe following a short report alleging inappropriate revenue recognition. SMCI shares are down 5.97%.

Portfolio Pulse from Erica Kollmann

October 08, 2024 | 2:55 pm

DOGE-USD

Nate Silver discusses the recent surge in Donald Trump's election odds on Polymarket, attributing it to market sentiment and social media influence, similar to Elon Musk's impact on Dogecoin. Silver notes Republicans project confidence while Democrats project anxiety in the Trump era.

Portfolio Pulse from Khyathi Dalal

October 08, 2024 | 2:54 pm

UBER

Florida is preparing for Hurricane Milton, a Category 4 storm expected to reach Category 5 status, with evacuation orders in place for multiple counties. Uber Technologies is offering free rides to help residents evacuate to safety.

Portfolio Pulse from Chris Katje

October 08, 2024 | 2:54 pm

MSOS

TSNDF

TerrAscend's Executive Chairman, Jason Wild, expressed optimism about a legal case that could significantly benefit the cannabis industry. Winning the case is seen as a major victory for the industry, potentially providing everything it desires.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 2:52 pm

HPE

Hewlett Packard Enterprise (HPE) is acquiring Juniper Networks for $14 billion and is set to host an AI Day on October 10. BofA Securities analyst Wamsi Mohan maintains a Buy rating for HPE with a $24 price target, citing the company's strong market position in servers and potential benefits from AI server proliferation. HPE's advancements in cooling technology are also highlighted.

Portfolio Pulse from Priya Nigam

October 08, 2024 | 2:50 pm

BA

The U.S. Federal Aviation Administration (FAA) has issued a safety alert to airlines regarding the potential for jammed rudders in certain Boeing 737 airplanes. This alert is crucial for ensuring the safety and operational integrity of these aircraft.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 2:45 pm

MSOS

Benzinga's Cannabis Capital Conference is currently live, focusing on the Commerce Clause. The event may include discussions relevant to the AdvisorShares Pure US Cannabis ETF (MSOS), which is a significant player in the cannabis investment space.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 2:44 pm

MRK

Mestag Therapeutics has entered a collaboration with MSD (Merck & Co., Inc.) to identify novel targets for inflammatory disease therapies using Mestag's RAFT platform. Mestag will receive payments potentially totaling $1.9 billion.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 2:39 pm

BNO

USO

Oil prices are declining after a recent rise due to Middle East tensions. Uncertainty about China's economic stimulus is also affecting the demand outlook.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 2:39 pm