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HUT

Hut 8 Mining Corp. has released its operations update for August 2024, highlighting that it manages 18.5 EH/s and 762 MW in mining. The company is also advancing commercialization efforts for a 205MW site in the Texas Panhandle.

Portfolio Pulse from Nabaparna Bhattacharya

September 06, 2024 | 10:40 am

KALV

KalVista Pharmaceuticals presented new analyses on the efficacy and safety of Sebetralstat, an investigational treatment for hereditary angioedema, at the Bradykinin Symposium 2024. The data includes results from Phase 2 and Phase 3 trials, as well as interim data from an open-label extension trial.

Portfolio Pulse from Nabaparna Bhattacharya

September 06, 2024 | 10:35 am

FANH

Fanhua's subsidiary, Fanhua BluePlus, has signed a strategic cooperation agreement with Shanghai Biotecan Pharmaceuticals. The collaboration will focus on medical testing, health management, and cell therapy services.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 10:32 am

CRM

FEPI

IGV

Salesforce is acquiring Own Company for $1.9 billion to enhance its data security offerings. The acquisition is expected to close in Salesforce's fiscal year 2025 and will be accretive to free cash flow in the second year post-closing. Salesforce also declared a quarterly dividend and reported strong Q2 earnings.

Portfolio Pulse from Lekha Gupta

September 06, 2024 | 10:04 am

AVGO

QQQ

SPY

US stocks are set for a decline amid anxiety over upcoming jobs data, with the VIX index surging. Broadcom's soft guidance is impacting its stock and peers. The SPDR S&P 500 ETF and Invesco QQQ ETF are also down in premarket trading.

Portfolio Pulse from Shanthi Rexaline

September 06, 2024 | 10:04 am

MCD

McDonald's is introducing a smaller McFlurry in sustainable packaging as part of its goal to use renewable materials by 2025. This aligns with its broader strategy to address environmental concerns and expand its market presence.

Portfolio Pulse from Benzinga Neuro

September 06, 2024 | 10:02 am

AAL

DAL

LUV

UAL

The U.S. Transportation Department is investigating the rewards programs of major airlines, including American Airlines, Delta, Southwest, and United, to ensure fair treatment of consumers. The probe focuses on issues like devaluation of rewards and hidden fees.

Portfolio Pulse from Benzinga Neuro

September 06, 2024 | 9:44 am

CRM

Salesforce CEO Marc Benioff announced a strategic pivot towards autonomous AI agents, named Agentforce, to maintain competitiveness in the AI era. This move responds to a critical blog post by Andreessen Horowitz and aims to automate customer service tasks. Salesforce is testing Agentforce with companies like Wiley and Open Table, and Benioff remains optimistic about the company's AI-driven transformation.

Portfolio Pulse from Benzinga Neuro

September 06, 2024 | 9:39 am

GSK

GSK's Phase 3 trial of Nucala (Mepolizumab) successfully met its primary endpoint, demonstrating a significant reduction in moderate/severe exacerbations in COPD patients compared to placebo.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 9:31 am

F

Ford's EV sales surged 29% in August, driven by a 161% increase in F-150 Lightning sales. Despite this growth, Ford is slowing future EV plans due to pricing pressures, postponing new models and focusing on hybrid technology. The EV segment faces financial losses.

Portfolio Pulse from Anan Ashraf

September 06, 2024 | 9:05 am