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BIOA

LLY

NVO

BioAge Labs Inc, a biotech company, has filed for a $100 million IPO to be listed on Nasdaq under the symbol BIOA. The company is developing obesity drugs, with its lead drug Azelaprag showing promising results in preclinical trials. BioAge plans to conduct Phase 2 trials in combination with drugs from Eli Lilly and Novo Nordisk.

Portfolio Pulse from Vandana Singh

September 04, 2024 | 3:13 pm

HLX

PXJ

SHEL

SLB

Helix Energy Solutions Group, Inc. (NYSE:HLX) has secured a multi-year agreement with Shell Offshore Inc, a unit of Shell PLC (NYSE:SHEL), to provide well intervention services in the U.S. Gulf of Mexico starting in 2025. The contract reflects improving market conditions and increased demand for Helix's services. Helix will use its Q5000 vessel and other equipment, in collaboration with Schlumberger (NYSE:SLB), to deliver integrated operations. HLX shares have gained over 4.9% in the past month.

Portfolio Pulse from Nabaparna Bhattacharya

September 04, 2024 | 3:08 pm

MRNA

Moderna has reported positive results for its mpox vaccine, which comes at a crucial time as mpox outbreaks are spreading in Africa. This development could enhance Moderna's vaccine portfolio and potentially boost its stock performance.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 3:05 pm

SOXX

SSNLF

TDIV

TSM

Taiwan Semiconductor Manufacturing Co (TSM) and Samsung Electronics expressed optimism about AI growth at the Semicon Taiwan forum. TSM raised its revenue forecast due to AI and smartphone demand, and its stock has gained 70% in the past year. Analysts have a bullish outlook on TSM with a 1-year price target of $224.29.

Portfolio Pulse from Anusuya Lahiri

September 04, 2024 | 2:58 pm

AMGN

AZN

LLY

NVO

PFE

The MHRA has found no evidence linking GLP-1 receptor agonists to suicidal thoughts or actions but will continue monitoring for severe psychiatric reactions. This news may impact companies involved in the production or sale of these drugs.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 2:52 pm

ASTS

PTF

UFO

AST SpaceMobile, Inc. (NYSE:ASTS) shares rose after confirming a September 12 launch for BlueBird Satellites, expecting to raise over $155 million from warrant redemptions. The satellites aim to provide cellular broadband service in the U.S. and select markets. ASTS shares increased by 10.4%.

Portfolio Pulse from Lekha Gupta

September 04, 2024 | 2:50 pm

BIIB

Biogen Inc. announced positive topline results from the Phase 2/3 DEVOTE study, showing that a higher dose regimen of nusinersen (Spinraza) significantly improves motor function in infants with spinal muscular atrophy (SMA). The study met its primary endpoint and showed the higher dose regimen to be well tolerated. Biogen's stock saw a slight increase following the news.

Portfolio Pulse from Vandana Singh

September 04, 2024 | 2:43 pm

HUM

Humana shares are experiencing an uptick following the company's announcement of a new study focused on senior primary care.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 2:40 pm

BLCR

SONY

SROI

Sony Group Corporation (NYSE:SONY) is experiencing a decline in share price after announcing the discontinuation of its multiplayer shooter game, Concord, shortly after its launch. The game will go offline on September 6, 2024, with sales stopping immediately and full refunds offered to purchasers. This decision follows a recent price increase for the PlayStation 5 in Japan and the launch of a new Accessories app for Windows. Investors can access Sony stock through ETFs like BlackRock Large Cap Core ETF (NASDAQ:BLCR) and Calamos ETF Trust Calamos Antetokounmpo Global Sustainable Equities ETF (NYSE:SROI).

Portfolio Pulse from Lekha Gupta

September 04, 2024 | 2:39 pm

BTCUSD

DOGEUSD

ETHUSD

GTLB

The article covers a range of topics including a drop in Bitcoin, Ethereum, and Dogecoin prices due to increased liquidations, GitLab's share price surge, and a potential 15-20% drop in Bitcoin if the Fed cuts interest rates. It also discusses political developments, market trends, and various company news.

Portfolio Pulse from Akanksha Bakshi

September 04, 2024 | 2:35 pm