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ALVO

RDY

Alvotech and Dr. Reddy's Laboratories have entered into a collaboration for the commercialization of AVT03, a biosimilar for Prolia and Xgeva.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 12:05 pm

DRRX

DURECT Corporation has received FDA Breakthrough Therapy Designation for its drug Larsucosterol, aimed at treating alcohol-associated hepatitis.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 12:03 pm

CELH

COST

MAMA

VITL

WBUY

As of May 21, 2024, five consumer staples stocks are showing overbought signals based on their RSI values. These stocks include Costco Wholesale Corporation, Celsius Holdings, Vital Farms, Mama’s Creations, and Webuy Global. Investors should be cautious as these stocks have shown significant price increases recently, which may indicate potential short-term volatility.

Portfolio Pulse from Avi Kapoor

May 21, 2024 | 11:59 am

HAL

Halliburton Company has signed a license agreement with Wintershall Dea to use Halliburton Landmark's new Unified Ensemble Modeling (UEM) solution.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 11:57 am

BMY

HALO

Halozyme announced that Bristol Myers Squibb received an updated FDA action date of December 29, 2024, for the Biologics License Application for subcutaneous nivolumab co-formulated with Halozyme's ENHANZE. The application is based on Phase 3 trial results showing noninferior pharmacokinetics, efficacy, and safety compared to the intravenous formulation.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 11:55 am

COIN

MARA

RIOT

Crypto-related stocks, including Marathon Digital Holdings, Riot Platforms, and Coinbase, are trading higher as Ethereum gains 22% amid rising odds of ETF approval. Analysts have increased the likelihood of a spot ETH ETF approval from 25% to 75%, leading to a market rally.

Portfolio Pulse from Pooja Rajkumari

May 21, 2024 | 11:48 am

NTNX

Nutanix has expanded its collaboration with Red Hat to enhance its offerings for virtualized and cloud-native workloads. Nutanix will integrate Red Hat Enterprise Linux to boost innovation and support customer success in hybrid multicloud environments.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 11:47 am

AULT

Ault Alliance emphasizes its long-term vision and commitment to building on its core businesses. The company expects significant revenue growth driven by its data center operations, particularly through Sentinum, with projections of over $500 million in revenue and gross margins exceeding 50% by 2027.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 11:40 am

DELL

NTNX

Nutanix and Dell Technologies have announced a collaboration to offer new joint solutions for hybrid multicloud environments. Dell will provide an integrated hyperconverged appliance that combines Nutanix Cloud Platform with Dell servers, available in various PowerEdge server models.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 11:40 am

RDW

Redwire Corporation has been selected to conduct a Mars surface-imaging study for NASA. The company will develop a commercial services concept using an imaging payload and spacecraft bus to provide high-resolution imagery for various scientific and operational purposes. Redwire will also explore leveraging Blue Origin's Blue Ring platform as an Orbital Transfer Vehicle.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 11:38 am