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LLY

Eli Lilly's once-weekly insulin efsitora alfa demonstrated comparable A1C reduction to daily insulin degludec in the Phase 3 QWINT-2 trial. The results, published in NEJM and presented at EASD 2024, showed efsitora reduced A1C by 1.34% compared to 1.26% for degludec, with additional benefits in time in range without increased hypoglycemia.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 3:27 pm

KGC

Kinross Gold Corporation has completed a Preliminary Economic Assessment for the Great Bear project, indicating annual production over 500,000 ounces with low all-in sustaining costs of ~$800/oz. The project shows high-grade mineralization at depth, supporting Kinross's acquisition strategy.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 3:26 pm

MARA

Metaplanet, a Japanese company, has acquired 38.6 Bitcoin for $2.2 million, increasing its total Bitcoin holdings to 398.8 BTC. This move aligns with its strategy to allocate funds to Bitcoin, similar to U.S.-based MicroStrategy. Marathon Digital Holdings and Semler Scientific are also following similar strategies by raising funds to purchase Bitcoin.

Portfolio Pulse from Murtuza Merchant

September 10, 2024 | 3:21 pm

IGV

PLTR

T

Palantir Technologies Inc. (PLTR) has been included in the S&P 500, which Bank of America views as a 'watershed moment' likely to attract more institutional investors. The bank reiterated a Buy rating and raised the price target from $30 to $50, citing Palantir's strong financials, AI leadership, and strategic partnerships. The company is seen as a misunderstood giant in AI, with its Foundry platform being a key asset. Despite a slight dip in stock price, Palantir has shown strong year-to-date returns.

Portfolio Pulse from Piero Cingari

September 10, 2024 | 3:20 pm

EADSY

Airbus reports delays in engine deliveries from CFM and continues testing open rotor engine technology, hoping for competitive development.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 3:07 pm

JCI

Johnson Controls International (NYSE:JCI) is expected to announce a new CEO soon, which could signal a strategic shift. BofA Securities upgraded JCI to 'Buy' with a price target of $80, citing potential growth in data center revenues and upcoming divestitures.

Portfolio Pulse from Priya Nigam

September 10, 2024 | 3:04 pm

LMT

MISL

SHLD

Lockheed Martin and Tata Advanced Systems have signed an agreement to enhance their partnership on the C-130J Super Hercules, aiming to boost India's defense capabilities. This includes plans for an MRO facility in India and potential expansion of C-130J manufacturing, pending government approvals.

Portfolio Pulse from Lekha Gupta

September 10, 2024 | 3:04 pm

BA

Boeing has delivered 258 airplanes year-to-date through August 31, including 198 Max models. The company reported 207 net orders and 250 gross orders for the same period. In August, Boeing delivered 40 commercial jets, an increase of 5 from the previous year, including 32 737 Max models.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 3:03 pm

BYON

Beyond Inc. (NYSE:BYON) has launched a global licensing program for the Bed Bath & Beyond brand, aiming to expand its reach internationally through product licensing and store agreements. The program includes a licensing agreement with PEM America for home textiles and plans for stores in Mexico and other markets.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 3:00 pm

AMZN

GOOG

MSFT

ORCL

Oracle's shares rose after reporting strong fiscal first-quarter results, with analysts upgrading ratings and raising price targets. The company showed significant growth in AI-driven bookings and cloud partnerships, although some concerns remain about infrastructure and revenue growth sustainability.

Portfolio Pulse from Priya Nigam

September 10, 2024 | 2:54 pm