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JNJ

Johnson & Johnson announced positive Phase 2 results for ERLEADA plus ADT in high-risk localized prostate cancer patients post-radical prostatectomy, showing a 100% biochemical recurrence-free rate at 24 months. The study, presented at the 2024 AUA Meeting, met its primary endpoint, with a safety profile consistent with previous reports. These findings highlight the potential for treatment intensification in this patient group, addressing the need for options to reduce long-term disease recurrence risks.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 4:23 pm

IBRX

MRK

ImmunityBio Inc (NASDAQ:IBRX) announced an exclusive global supply agreement with the Serum Institute of India for Bacillus Calmette-Guerin (BCG) to address shortages for its bladder cancer combination therapy with Anktiva. The FDA approved Anktiva plus BCG for certain bladder cancers in April. The deal includes the supply of standard BCG and a next-generation recombinant BCG for clinical trials and future indications. ImmunityBio's shares slightly declined following the announcement.

Portfolio Pulse from Vandana Singh

May 03, 2024 | 4:19 pm

LNG

Cheniere's executives provided updates on India's LNG import records, major plant maintenance schedules, and labor status for expansion projects. India is expected to set monthly records for LNG imports due to lower prices. CFO Zach Davis noted that major maintenance at Cheniere's LNG plant would occur in Q2 and Q3, coinciding with likely lower summer production. CEO Jack Fusco confirmed no labor shortages for the plant expansion project.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 4:18 pm

NGLOY

Zimbabwe's government has placed the Trojan Mine, the country's sole operating nickel mine, under administration due to insolvency, following a suspension in production caused by equipment failure and a significant drop in global nickel prices. The global nickel market has seen a downturn, with prices currently 25% lower than last year, primarily due to an oversupply from Indonesia. This situation has led to the reassessment of nickel operations globally, with mines like First Quantum Minerals' Ravensthorpe in Australia closing and BHP's Nickel West facing potential closure.

Portfolio Pulse from Stjepan Kalinic

May 03, 2024 | 4:18 pm

MMM

3M Co (NYSE:MMM) announced a $67 million expansion of its Nebraska facility to increase manufacturing capacity for personal safety products, including reusable respirators and PELTOR hearing protection. The expansion, expected to create 40 new jobs, is supported by the ImagiNE Nebraska Program. 3M recently reported a slight decline in net sales but beat consensus estimates with adjusted EPS of $2.39. Bill Brown has become CEO, with Mike Roman as Executive Chairman. MMM shares rose 0.38% to $97.18.

Portfolio Pulse from Shivani Kumaresan

May 03, 2024 | 4:10 pm

CLVR

USPS

Sannabis, Inc. (OTC:USPS), a Colombian cannabis company, has shipped its first batch of Cannabis Essential Oil to Boston, marking a significant milestone following the DEA's reclassification of marijuana. The product, NO LICK! Terpene Spray, will be available in Boston retail stores. This move is part of Sannabis's efforts to penetrate the U.S. market with innovative cannabis products. Additionally, U.S. food and beverage companies have shown interest in the company's essential oil for its aroma, flavoring, and therapeutic benefits. Meanwhile, Clever Leaves Holdings Inc. (CLVR) plans to delist from NASDAQ and deregister its securities as part of a restructuring plan.

Portfolio Pulse from Rolando García

May 03, 2024 | 4:10 pm

SGBX

Safe & Green Holdings (NASDAQ:SGBX) shares surged 149% to $7.30 after announcing its SG Echo subsidiary is set to deliver its first sustainable modular unit to a quick-service restaurant in the Pacific Northwest. The unit has passed its final plant inspection and is scheduled for shipment in Q2 2024. The company's strategic location in Durant, OK, is emphasized for its nationwide commercial market service capability.

Portfolio Pulse from Henry Khederian

May 03, 2024 | 4:03 pm

ASML

Deep-pocketed investors are showing a bullish sentiment towards ASML Holding (NASDAQ:ASML), with a significant move in options trading indicating a price target range of $690 to $1030 over the next three months. The options activity, highlighted by Benzinga, shows a mix of bullish and bearish sentiments, with a majority leaning bullish. Notable options activity includes both calls and puts with varying strike prices and sentiments. ASML, a leader in photolithography systems for semiconductor manufacturing, has seen its stock price increase by 3.49%, with a current price of $900.64. An analyst from Bernstein maintains an Outperform rating with a target price of $1052.

Portfolio Pulse from Benzinga Insights

May 03, 2024 | 4:01 pm

PLUG

Plug Power Inc. shares are experiencing an uptick following the announcement of a Memorandum of Understanding (MOU) with Allied Green Ammonia. This agreement involves the supply of 3GW of electrolyzers for a green ammonia production facility, highlighting Plug Power's expanding role in the green energy sector.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 3:56 pm

BPTH

Bio-Path Holdings has received an Israeli patent (No. 269608) for compositions using P-ethoxy nucleic acids aimed at STAT3 inhibition, targeting cancer or autoimmune disease treatments.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 3:44 pm