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STLA

Stellantis N.V. (NYSE:STLA) has announced a recall of 1.46 million vehicles globally due to a software flaw affecting the electronic stability control system. The recall includes 1.23 million Ram 1500 trucks in the U.S. and other vehicles in Canada, Mexico, and elsewhere. Despite the recall, STLA shares are trading higher.

Portfolio Pulse from Lekha Gupta

September 09, 2024 | 3:47 pm

ANNX

Annexon shares rise as the company plans to present analyses of ANX007 from its completed Phase 2 ARCHER trial at upcoming scientific meetings.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 3:40 pm

PFE

RLAY

Relay Therapeutics shared promising interim data for its breast cancer treatment, RLY-2608, showing significant progression-free survival in heavily pretreated patients. The company is advancing towards a pivotal trial and plans to seek a global commercialization partner for another drug, lirafugratinib. Relay's stock rose significantly following the news.

Portfolio Pulse from Vandana Singh

September 09, 2024 | 3:30 pm

XNCR

Xencor shares rise as the company announces four new XmAb programs for autoimmune diseases and updates on its oncology programs.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 3:26 pm

TSM

Taiwan Semiconductor shares are rising as reports suggest that the production yield at its Arizona facility matches that of its Taiwan facilities.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 3:20 pm

MSTR

NVDA

MicroStrategy's Bitcoin investment strategy has outperformed every S&P 500 company, including Nvidia, since 2020. The firm has generated an average annual return of 44% from Bitcoin investments, compared to the S&P 500's 12%. MicroStrategy has also innovated in securitizing Bitcoin through convertible bonds.

Portfolio Pulse from Murtuza Merchant

September 09, 2024 | 3:14 pm

AAPL

FI

FINX

IPAY

PYPL

SHOP

PayPal expands its partnership with Shopify, becoming an additional card processor for Shopify Payments in the U.S. This integration aims to enhance payment options and operational efficiency for merchants. PayPal is also integrating with Apple mobile wallet and expanding its partnership with Fiserv.

Portfolio Pulse from Lekha Gupta

September 09, 2024 | 3:14 pm

AMD

AVGO

NVDA

SMH

SOXX

AMD is shifting its strategy in the gaming GPU market to focus on mainstream and mid-range GPUs, aiming to capture 40%-50% of the market. This move is a departure from directly competing with Nvidia's high-end GPUs. AMD's stock has risen 28% over the past year, while Nvidia's has increased by 128%. Despite strong results, semiconductor stocks, including AMD and Nvidia, have faced a selloff.

Portfolio Pulse from Anusuya Lahiri

September 09, 2024 | 3:08 pm

AAPL

FOX

UNVGY

Kendrick Lamar will perform at the Super Bowl LIX Halftime Show, potentially boosting Apple, Fox, and Universal Music. The event, broadcast by Fox, could increase viewership and ad rates. Apple's partnership with the NFL may enhance its music features, while Universal Music could benefit from Lamar's music sales.

Portfolio Pulse from Chris Katje

September 09, 2024 | 3:05 pm

ZEAL

Zealand Pharma announced positive results from a Phase 1b trial of dapiglutide, showing significant weight reduction and good tolerability. The trial is ongoing with higher doses being tested, and results are expected in 2025.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 3:04 pm