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MERC

Mercer International reported Q3 2024 preliminary results with revenue of $502.1M, surpassing estimates, and a reduced net loss of $17.4M. Despite production challenges, the company is optimistic about future performance due to strong pulp markets.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 6:34 am

JNPR

Juniper Networks is enhancing JATCO's global operations with AI-native Wi-Fi, improving operator and end-user experiences across its upgraded network.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 6:20 am

BTC-USD

Donald Trump-backed cryptocurrency project World Liberty Financial (WLFI) has raised only 4% of its $300 million token presale target, selling $12.46 million worth of tokens. The WLFI token, a governance token for DeFi activities, is non-transferable and non-yielding, which may be affecting its presale performance.

Portfolio Pulse from Aniket Verma

October 17, 2024 | 6:05 am

AAPL

NVDA

TSMC

Taiwan Semiconductor Manufacturing Company Ltd. (TSMC) reported strong Q3 results, driven by high demand for AI chips. Revenue and earnings exceeded expectations, with significant contributions from advanced technologies. TSMC's stock has risen significantly this year.

Portfolio Pulse from Shanthi Rexaline

October 17, 2024 | 5:57 am

SNY

Sanofi and Orano Med have announced a collaboration to develop next-generation radioligand medicines. This partnership aims to leverage Orano Med's expertise in radiochemistry and Sanofi's capabilities in drug development to create innovative treatments for cancer. The collaboration highlights Sanofi's commitment to expanding its oncology portfolio.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 5:54 am

GOOG

GOOGL

YouTube, a subsidiary of Alphabet Inc., is expanding its 'Premium Lite' plan to more countries. This plan offers a cheaper subscription with fewer ads but lacks other features of the standard Premium plan. The expansion follows recent platform issues and aims to enhance user experience.

Portfolio Pulse from Ananya Gairola

October 17, 2024 | 5:41 am

VSTM

Verastem Oncology presented promising data on its drug combination, avutometinib and defactinib, for treating recurrent low-grade serous ovarian cancer. The treatment showed significant response rates and progression-free survival, especially in KRAS mutant patients. The company plans to submit an NDA to the FDA by October 2024.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 5:37 am

AMZN

Amazon has launched its latest Kindle devices, including the first-ever color Kindle and the Kindle Scribe with a stylus, enhancing the reading experience. These devices are available for pre-order and will ship in November. Amazon's stock saw a slight decline despite the announcement.

Portfolio Pulse from Benzinga Neuro

October 17, 2024 | 5:27 am

BTCUSD

Economist Peter Schiff expressed skepticism about Bitcoin's recent price surge, attributing it to misplaced expectations of support from a potential Trump administration. Schiff dismissed the idea that Trump would buy Bitcoin, despite some in the cryptocurrency community believing a Trump victory would be bullish for Bitcoin. Schiff also highlighted gold's performance, noting its record highs compared to Bitcoin's range-bound status.

Portfolio Pulse from Aniket Verma

October 17, 2024 | 3:44 am

EXPE

TSLA

UBER

Uber Technologies Inc. is considering acquiring Expedia Group Inc. to expand its services into a 'super app' model, similar to Elon Musk's vision for X. The acquisition is still in early stages, with no formal approach made yet.

Portfolio Pulse from Ananya Gairola

October 17, 2024 | 3:40 am