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PFE

SRPT

Shares of Sarepta Therapeutics (SRPT) increased following circulation of a STAT News report about a young boy's death in a trial for Pfizer's (PFE) Duchenne muscular dystrophy (DMD) gene therapy. Sarepta Therapeutics produces a competing DMD drug.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 7:52 pm

SHIBUSD

Shiba Inu (SHIB) saw a 383% increase in whale transactions and a 15x rise in new account creations following its listing on Nexo and a network upgrade that enhanced Shibarium's speed. The upgrade and listing have contributed to SHIB's transition from a meme coin to a community empowerment symbol, with significant activity on its decentralized exchange, ShibaSwap. Despite these developments, SHIB's price dropped 2.3% in the last 24 hours.

Portfolio Pulse from Khyathi Dalal

May 07, 2024 | 7:51 pm

ELDN

Eledon Pharmaceuticals Inc (NASDAQ:ELDN) reported positive safety data from an early organ transplant study of tegoprubart for type 1 diabetes patients and kidney transplant patients. The company also announced a $50 million private placement. HC Wainwright raised its price target for ELDN from $13 to $16, reiterating a Buy rating due to increased confidence in tegoprubart's advancement.

Portfolio Pulse from Vandana Singh

May 07, 2024 | 7:40 pm

PFE

Pfizer shares are under scrutiny as traders react to a STAT News report about a young boy's death during a trial for Pfizer's Duchenne gene therapy. This incident raises concerns about the safety and future prospects of Pfizer's gene therapy program.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 7:31 pm

AAPL

GOOG

NVDA

Apple Inc is reportedly developing its own AI chips, aiming to reduce reliance on external chip manufacturers like NVIDIA Corporation. This project, known as ACDC, involves collaboration with Taiwan Semiconductor Manufacturing Co. and focuses on AI inference within data centers, differing from NVIDIA's AI model training specialization. Apple's move mirrors a broader industry trend towards in-house chip development, as seen with other tech giants like Alphabet Inc's Google. Despite this shift, experts believe there will still be room for both Apple and NVIDIA in the AI market.

Portfolio Pulse from Aaron Bry

May 07, 2024 | 7:25 pm

TSLA

Tesla Inc (NASDAQ:TSLA) plans a temporary shutdown of its Giga Berlin factory due to upcoming protests against its expansion. The closure, initially reported as four days, is clarified to be effectively one day, considering a public holiday and existing work schedules. The protests aim to highlight environmental concerns over Tesla's expansion. Despite the brief pause, Tesla influencers believe it will not impact vehicle deliveries in Europe.

Portfolio Pulse from Chris Katje

May 07, 2024 | 7:20 pm

LCID

Lucid Group Inc (NASDAQ:LCID) reported Q1 financial results with revenue beating and EPS missing estimates. Analysts from Stifel and Needham maintain a 'Hold' rating on LCID, citing mixed results and reiterated production targets. Despite challenges, Lucid's focus on aligning production with demand and controlling costs is noted, with the upcoming launch of the Lucid Gravity SUV being a critical event. The company's technology and backing by the Saudi Arabian Public Investment Fund are seen as strengths, but current low delivery numbers and high capital needs are concerns.

Portfolio Pulse from Chris Katje

May 07, 2024 | 7:13 pm

LGVN

Longeveron has been granted U.S. Patent #11975068 for using mesenchymal stem cells as vaccine adjuvants, a method that could potentially enhance vaccine efficacy. This patent represents a significant advancement in vaccine technology and could open new avenues for vaccine development, leveraging the unique properties of mesenchymal stem cells to improve immune responses.

Portfolio Pulse from Charles Gross

May 07, 2024 | 6:55 pm

BTCUSD

A Standard Chartered report suggests that a potential return of Donald Trump to the presidency could significantly boost the cryptocurrency sector by creating a more supportive regulatory environment. This could lead to higher cryptocurrency valuations, with Bitcoin potentially reaching $150,000 by the end of this year and $200,000 by 2025. The report highlights the positive correlation between Bitcoin price and certain economic developments that could be influenced by Trump's policies.

Portfolio Pulse from Murtuza Merchant

May 07, 2024 | 6:39 pm

ONON

Telsey Advisory Group analyst Cristina Fernández maintained an Outperform rating on On Holding AG (NYSE:ONON) with a price forecast of $37, ahead of its Q1 results on May 14. Fernández anticipates strong sales growth driven by new product introductions across various categories and significant margin expansion. The analyst projects an 18.5% year-over-year sales growth to CHF 498 million and an EBITDA of CHF 76 million, indicating an EBITDA margin expansion to 15.3%. The company's focus on direct-to-consumer sales and expansion into new markets and categories is highlighted as key growth drivers.

Portfolio Pulse from Nabaparna Bhattacharya

May 07, 2024 | 6:35 pm