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BOX

Box Inc. (NYSE:BOX) reported strong Q1 results, beating analyst estimates for both earnings and sales. The company also provided Q2 and full-year guidance, with Q2 earnings expected to be slightly above estimates. Despite a slight decrease in billings, cash from operations increased. The company is focusing on AI and content management solutions.

Portfolio Pulse from Erica Kollmann

May 28, 2024 | 8:34 pm

FMC

FMC Corporation has received registration in Brazil for two new herbicides, Azugro® and Ezanya®, which are powered by Isoflex® active. These herbicides are intended for use in cotton, tobacco, and wheat crops and are designed to help manage herbicide resistance.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 8:31 pm

ACRDF

CGC

CRLBF

CURLF

MRMD

VRNOF

The DEA has clarified that THCA must be included in THC concentration levels to comply with the legal definition of hemp, causing concerns within the hemp industry. This comes as Congress revisits cannabinoid regulations in the Farm Bill, with a key House committee passing an amendment to ban most hemp-derived cannabinoids like delta-8 THC. Major cannabis companies, including Curaleaf Holdings, have expressed opposition to these changes.

Portfolio Pulse from Patricio Liddle

May 28, 2024 | 8:26 pm

RSLS

ReShape Lifesciences shares are trading higher after the company announced that it received a notice of allowance for its U.S. patent application 17/572,387 titled 'INTRAGASTRIC DEVICE (FOR TREATING OBESITY)'.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 8:26 pm

NBTX

Nanobiotix (NASDAQ:NBTX) will present new data from its Phase 1 immunotherapy program at the 2024 ASCO Annual Meeting. The data, from Study 1100 evaluating NBTXR3 followed by anti-PD-1 in patients with recurrent or metastatic head and neck cancer, will be presented by Dr. Colette Shen. An investor event will follow the presentation.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 8:21 pm

MCD

McDonald's Corp (NYSE:MCD) shares have dropped nearly 15% in 2024 due to inflation-related declines in demand. Franchisee Scott Rodrick discussed on CNBC the need for a national value proposition to regain customers, including a $5 meal deal launching soon. Bank of America analyst Sara Senatore holds a Neutral rating for MCD with a price target of $288.

Portfolio Pulse from Hayden Buckfire

May 28, 2024 | 8:20 pm

MDLZ

Mondelēz International, Inc. (NASDAQ:MDLZ) has inaugurated a new Regional Biscuit and Baked Snacks Lab and Innovation Kitchen in Singapore, with an investment of over $5 million USD. This facility aims to drive innovation and product development across Southeast Asia, Australia, New Zealand, and Japan.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 8:19 pm

IKNA

Ikena Oncology shares are trading higher after the company announced it will discontinue development of IK-930 and evaluate strategic options for both the Company and its development pipeline.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 8:17 pm

IKNA

Ikena Oncology has announced that it will discontinue the development of its drug candidate IK-930. The company is also evaluating strategic options for its overall development pipeline and the company itself.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 8:16 pm

DHAI

DIH Holding US, Inc. (NASDAQ:DHAI) has announced a strategic partnership with B-Temia Inc. to drive AI-based innovation in the rehabilitation market. This collaboration aims to enhance the quality of life for individuals needing functional rehabilitation and support.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 8:12 pm