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COIN

Coinbase Inc. (NASDAQ:COIN) has expanded its Global Advisory Council by adding former mayors Antonio Villaraigosa and Keisha Bottoms to leverage their political and policy-making expertise. This move aims to advance Coinbase's mission of promoting economic freedom worldwide, with a focus on bridging the gap between policymakers and the underbanked sectors of the American populace. The appointments are seen as crucial for guiding Coinbase in strategic decisions impacting global economic policies, especially in the context of increasing attention on the regulatory landscape for digital assets.

Portfolio Pulse from Murtuza Merchant

May 06, 2024 | 12:14 pm

RTX

Raytheon, an RTX business, has developed an advanced ground system for space-based missile warning, now operational at the U.S. Space Force's OBAC. The system, named FORGE MDPAF, is a modular framework designed for rapid integration of applications to process satellite data for missile warning. It supports data from the Space Based Infrared System and future Next Gen OPIR constellation, with plans to expand its capabilities for broader space data processing needs.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 12:14 pm

BCAB

BioAtla announced that the FDA has cleared its Investigational New Drug (IND) application for BA3361, a new drug candidate. This clearance allows BioAtla to proceed with clinical trials in the United States, marking a significant step forward in the development of BA3361.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 12:07 pm

CSCO

At the RSA Conference 2024, Cisco (NASDAQ:CSCO) announced new innovations across the Cisco Security Cloud, enhancing its AI-driven, cross-domain security platform. These advancements aim to improve protection for applications, devices, users, and data, and to enable faster detection, response, and recovery from incidents.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 12:04 pm

VYNE

VYNE Therapeutics has received FDA clearance for its Investigational New Drug (IND) application for VYN202. This marks a significant milestone for the company, allowing it to proceed with clinical trials for VYN202, potentially impacting its future revenue and growth prospects.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 12:04 pm

MASI

Masimo (NASDAQ:MASI), a leader in monitoring technologies, announced FDA clearance for its Stork baby monitoring system for healthy babies aged 0-18 months, available without prescription.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 12:04 pm

SGMT

Sagimet Biosciences Inc. (NASDAQ:SGMT) announced the appointment of Thierry Chauche as Chief Financial Officer, effective May 6, 2024. Chauche brings over twenty years of experience in the biopharmaceutical sector, including roles at Provention Bio and Alexion Pharmaceuticals. His expertise in corporate finance, strategy, and M&A is expected to support Sagimet's advancement of denifanstat into Phase 3 development following promising Phase 2b results.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 12:03 pm

LYRA

Lyra Therapeutics announced that its Phase 3 ENLIGHTEN 1 trial for LYR-210, aimed at treating chronic rhinosinusitis, did not meet its primary endpoint. Despite some improvements in symptoms, the results were not statistically significant compared to sham control. The company plans to evaluate the full dataset and determine its next steps, including making near-term business operation changes and workforce reductions to preserve cash. The ENLIGHTEN 1 trial is ongoing, with 52-week extension phase results expected in Q4 2024, and the ENLIGHTEN 2 trial is also in progress.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 12:01 pm

DCOM

Dime Community Bancshares, Inc. (DCOM), the parent company of Dime Community Bank, announced the hiring of a deposit-focused group to expand in the Williamsburg market. The group, led by John McDonough and Emanuel "Manny" Diconimakis, previously worked at the former Signature Bank and its successor, Flagstar Bank.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 11:52 am

PEV

Phoenix Motor Inc. is set to unveil its new branding at the Advanced Clean Transportation Expo 2024, where it will also showcase its extensive range of commercial electric vehicle (EV) solutions. These include various sizes of transit buses, medium-duty shuttle buses, work trucks, delivery trucks, and a Type A School Bus, targeting a diverse clientele such as transit agencies, airport parking companies, cities, school districts, universities, and corporate fleets.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 11:50 am