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INAB

IN8bio shares are declining as the company announces a focus on generating clinical data from its INB-100 trial for acute myeloid leukemia. To preserve cash, IN8bio is implementing cost-saving measures, including a 49% workforce reduction.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 3:37 pm

CORZ

Core Scientific Inc (NASDAQ:CORZ) reported a decrease in self-mined Bitcoin for August, mining 358 BTC compared to 411 in July. The decline is attributed to infrastructure modifications and increased global network difficulty. The company sold 375 BTC for $22.5 million and is focusing on expanding its HPC infrastructure.

Portfolio Pulse from Adam Eckert

September 05, 2024 | 3:34 pm

ABT

MDT

Abbott Diabetes Care Inc. has issued a recall for certain Freestyle Libre 3 sensors due to the risk of inaccurate high glucose readings. Medtronic is removing some McGRATH Mac video laryngoscopes and updating use instructions for others due to an increased risk of battery overheating and explosion.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 3:34 pm

ATHM

CANG

UXIN

Cango Inc. (NYSE:CANG) is shifting its business model to focus on exporting used Chinese cars and providing related services, moving away from direct car trading. This strategic pivot comes as China's domestic car market slows, and Cango aims to capitalize on the growing global demand for Chinese vehicles. Despite a significant drop in revenue, Cango's stock has risen 74% this year, contrasting with declines in competitors Autohome (NYSE:ATHM) and Uxin (NASDAQ:UXIN).

Portfolio Pulse from The Bamboo Works

September 05, 2024 | 3:25 pm

MRK

Merck has completed negotiations with the pan-Canadian Pharmaceutical Alliance for WELIREG, a treatment for certain conditions associated with von Hippel-Lindau disease. The next step involves provincial and territorial governments implementing reimbursement.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 3:22 pm

BMWYY

F

Major automakers like Volkswagen, BMW, and Ford are exploring the use of hemp in vehicle manufacturing to enhance sustainability and reduce carbon emissions. This initiative aligns with the growing demand for eco-friendly products.

Portfolio Pulse from El Planteo

September 05, 2024 | 3:21 pm

LIF

UBER

Life360 has launched a new advertising platform in the U.S., focusing on privacy-first targeting using family insights and location data. Uber is a key partner, offering targeted ads and integrated transportation options for teens with parental supervision.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 3:19 pm

SHPH

Shuttle Pharmaceuticals (SHPH) shares experienced significant volatility, initially rising by 44% in pre-market trading before falling by 1.69% to $2.33. This movement followed the announcement of a new U.S. patent for selective histone deacetylase inhibitors, which are being developed for cancer and other diseases.

Portfolio Pulse from Henry Khederian

September 05, 2024 | 3:18 pm

ULTA

Ulta Beauty (NASDAQ:ULTA) has seen a surge in options trading activity, with a mix of bullish and bearish sentiment among investors. The options activity suggests a potential price range of $170 to $450. Analysts have varied opinions, with price targets ranging from $300 to $500.

Portfolio Pulse from Benzinga Insights

September 05, 2024 | 3:16 pm

LLY

Eli Lilly's shares are trading lower following the announcement of topline results from the QWINT-1 and QWINT-3 phase 3 clinical trials. These trials evaluated the once-weekly insulin efsitora alfa in adults with type 2 diabetes.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 3:16 pm