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A Spirit Airlines executive mentioned during a conference call that the airline could conclude 2025 with approximately 70 aircraft grounded due to issues with Pratt & Whitney engines.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 2:44 pm

GOSS

Traders are circulating unconfirmed analyst comments suggesting that Gossamer Bio's partnership with Chiesi Group for the development of Seralutinib is a significant win. This partnership is believed to increase the probability of success (PoS) for Seralutinib as a leading therapeutic option. The analyst also reiterated a buy rating and a $15 price target for Gossamer Bio.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 2:40 pm

NNVC

NanoViricides shares surged following the announcement that its antiviral drug NV-387 provides protection against Influenza A and Bird Flu.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 2:27 pm

JNJ

Johnson & Johnson announced updated results from a Phase 1 study of TAR-210, showing 90% recurrence-free survival in high-risk NMIBC patients and 90% complete response in intermediate-risk patients. The study highlights TAR-210's potential as a bladder-sparing, BCG-free treatment for bladder cancer with FGFR alterations. The results were presented at the 2024 AUA Annual Meeting. TAR-210 is an investigational system delivering sustained erdafitinib release, previously approved by the FDA for certain urothelial carcinomas.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 2:27 pm

AAPL

Apple Inc.'s iPhone 15 Pro Max has become the best-selling smartphone in Q1 2024, leading the global sales despite a downturn in overall iPhone sales. The device, along with iPhone 15 and 15 Pro, dominated the top three spots, reflecting a consumer shift towards premium smartphones. This performance comes amidst a 16% decline in iPhone sales globally but coincides with Apple's largest manufacturer reporting record April revenue and positive sales growth in Mainland China. Apple's Q2 earnings also surpassed expectations, despite a year-over-year revenue decline.

Portfolio Pulse from Rounak Jain

May 06, 2024 | 2:24 pm

MSFT

Microsoft is preparing to launch a new AI model named MAI-1, aiming to compete directly with Google and OpenAI. This move signifies Microsoft's commitment to advancing in the AI technology race and positions it as a key player against significant competitors.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 2:23 pm

NRXP

NRx Pharmaceuticals shares surged following the announcement of a significant safety advantage of NRX-101 over the standard care in a clinical trial for suicidal bipolar depression, with plans to seek accelerated approval.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 2:18 pm

AMZN

GOOG

GOOGL

YouTube star MrBeast is parting ways with his talent management company, Night Media, to seek more control over his business. Despite the potential for continued collaboration, the move reflects MrBeast's desire for greater autonomy and possibly to manage his ventures, including the Feastables candy bar company and MrBeast Burger brand. MrBeast, with over 250 million YouTube subscribers, is also launching a game show on Amazon Prime Video, promising creative control and a significant prize, which could expand his audience and attract new brand partnerships.

Portfolio Pulse from Chris Katje

May 06, 2024 | 2:16 pm

OM

Outset Medical's stock price increased following the announcement that its TabloCart with prefilitation product received FDA clearance.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 2:09 pm

LCID

Lucid Group, Inc. (NASDAQ:LCID) shares are trading higher ahead of its Q1 earnings report. The company previously announced details about the 2024 Lucid Air Grand Touring, boasting the longest EV range in the U.S. at 516 miles. Analysts expect a loss of 26 cents per share and revenue of $155.986 million. Lucid's stock is above its 50-day moving average, with a significant portion of shares sold short, indicating potential volatility. The company does not pay dividends but may engage in other capital allocation strategies.

Portfolio Pulse from Erica Kollmann

May 06, 2024 | 2:05 pm