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IBM

IBM has announced a definitive agreement to acquire Accelalpha, a global provider of Oracle Fusion Cloud Applications services. The acquisition is expected to close in Q4 2024, pending regulatory approvals. Financial terms were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 4:32 pm

AAPL

Apple's recent Glowtime event left analysts with mixed reactions. While some see potential in the iPhone 16 and Apple Intelligence, others believe the real upgrades will come next year. Analysts have varied price targets, with some maintaining a neutral stance. The event's highlights include healthcare features and stable pricing, but the staggered rollout of Apple Intelligence and lack of surprises were noted as negatives.

Portfolio Pulse from Chris Katje

September 10, 2024 | 4:32 pm

PEPEUSD

Neiro, a dog-themed meme coin, has surged 659% in a week following its Binance futures listing. The coin is seeing high trading volumes and interest from market makers like Wintermute. Speculators predict a bright future for Neiro, comparing it favorably to other meme coins like Pepe and Dogwifhat.

Portfolio Pulse from Khyathi Dalal

September 10, 2024 | 4:32 pm

ABBV

UNH

UnitedHealth Group plans to remove AbbVie's Humira from its preferred drug lists for reimbursement starting January 1, 2025, recommending cheaper biosimilar alternatives instead.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 4:26 pm

ABBV

UNH

UnitedHealth Group announced plans to remove AbbVie's Humira from certain U.S. drug reimbursement lists starting next year. This decision could impact AbbVie's revenue from Humira, a key product for the company.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 4:22 pm

CNTA

Centessa Pharmaceuticals (NASDAQ:CNTA) reported positive interim Phase 1 trial results for ORX750, showing significant improvements in wakefulness in sleep-deprived volunteers. The drug demonstrated a favorable safety profile, prompting plans for Phase 2 trials in 2024. CNTA stock rose 7.90% following the news.

Portfolio Pulse from Vandana Singh

September 10, 2024 | 4:19 pm

GEV

GE Vernova has launched the RESTORE DC Block, an advanced containerized solution for Battery Enabled Energy Storage (BESS). This solution offers enhanced safety, efficiency, and long-term performance, supporting utility-scale renewable and energy storage projects. It aims to improve grid resilience, reduce costs, and optimize renewable energy integration.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 4:19 pm

TCNNF

Donald Trump and Ron DeSantis are at odds over Florida's cannabis legalization, with Trump supporting and DeSantis opposing. DeSantis accuses Trulieve Cannabis Corp of monopolizing the initiative. Trump's stance has drawn criticism from various Republicans.

Portfolio Pulse from Maureen Meehan

September 10, 2024 | 4:14 pm

SPY

USO

The EIA has revised its global oil demand forecast for 2024 to 103.1 million barrels per day, up from 102.9 million, and for 2025 to 104.6 million barrels per day, up from 104.5 million. However, the U.S. oil demand forecast for 2024 has been lowered to 20.3 million barrels per day from 20.5 million, with the 2025 forecast remaining unchanged at 20.6 million barrels per day.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 4:09 pm

BAM

Brookfield Asset Management (NYSE:BAM) plans to invest up to $1.1 billion in eFuels through a partnership with Infinium, marking its first direct investment in sustainable aviation fuel. Despite this strategic move, BAM shares are trading lower.

Portfolio Pulse from Lekha Gupta

September 10, 2024 | 4:07 pm