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GDYN

Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) has acquired Mobile Computing S.A., a software development services provider in Buenos Aires, Argentina. This acquisition enhances Grid Dynamics' capabilities in manufacturing, CPG, and financial services, and strengthens its delivery model.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 8:08 pm

VINC

Vincerx Pharma shares rose following the release of initial clinical data from its VIP939 Phase 1 study, along with updates on its pipeline and corporate activities.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 8:07 pm

BDTX

Black Diamond Therapeutics is restructuring to focus on its BDTX-1535 program, leading to executive departures and a workforce reduction. The company aims to fund operations into Q2 2026 through cost savings.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 8:06 pm

VINC

Vincerx has reported promising initial clinical data from its ongoing Phase 1 dose-escalation study of VIP943, showing safety and tolerability with two complete responses. The company is focusing on further development of VIP943 and expects its cash runway to last into early 2025.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 8:06 pm

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