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INDV

Indivior (NASDAQ:INDV), a pharmaceutical company specializing in treatments for substance use disorders and mental illnesses, reported a 12% year-over-year revenue growth for Q1, reaching $284 million. The growth was primarily driven by sales of SUBLOCADE, a treatment for opioid use disorder. Despite facing challenges such as Medicaid disenrollments, a cyberattack, and trade destocking, the company remains optimistic, reconfirming its 2024 guidance for SUBLOCADE revenue and margin expansion. Net income and operating profit also saw increases compared to the same period last year.

Portfolio Pulse from Nina Zdinjak

April 25, 2024 | 2:04 pm

IBKR

Interactive Brokers (NASDAQ:IBKR) has expanded its trading hours for US Treasury bonds to 22 hours each day, allowing global clients to trade more flexibly in response to market news and economic events. This extension aims to enhance the trading environment by offering increased accessibility to one of the safest investment options, potentially leading to more profitable trades and better risk management.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 2:02 pm

CHKP

EIS

ISRA

Check Point Software Technologies Ltd (CHKP) reported a 6% year-on-year revenue growth for Q1 2024, reaching $598.80 million and surpassing consensus estimates. Adjusted EPS was $2.04, beating the consensus of $2.01. However, revenue from products and licenses fell by 7.1%. The company introduced new security technologies but saw a decrease in operating margin and operating cash flow. CHKP stock declined by 3.58% following the announcement. Investors can also gain exposure to CHKP through IShares MSCI Israel ETF (EIS) and VanEck Israel ETF (ISRA).

Portfolio Pulse from Anusuya Lahiri

April 25, 2024 | 1:58 pm

GEVO

SPY

The Biden Administration is set to unveil a model for a low-carbon aviation fuel tax credit on Tuesday, as reported by Reuters. This initiative is part of a broader effort to reduce carbon emissions in the aviation sector and promote the use of sustainable fuels.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 1:58 pm

STLA

TM

Production at three Stellantis assembly plants in Europe has been halted due to a strike at a supplier, MA France. The affected plants are in Poissy and Hordain, France, and Luton, Britain. The Hordain plant produces vans and mini buses for Stellantis brands and Toyota. MA France is a division of the Italian group CLN, specializing in stamped metal parts.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 1:56 pm

ORCL

Oracle announced new AI capabilities within Oracle Fusion Cloud Customer Experience (CX) to accelerate deal cycles and improve customer satisfaction. These capabilities, built on Oracle Cloud Infrastructure (OCI), include generative AI for service response, field service scheduling, opportunity identification, content authoring, and seller engagement recommendations. The AI uses Oracle's infrastructure to ensure data privacy and security, supporting over 50 generative AI use cases without sharing customer data with third parties.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 1:50 pm

SNY

Sanofi SA reported a Q1 operating income of 2.8 billion euros, a 14.7% decrease year-over-year, but beat EPS estimates with $0.97. Sales were $11.36 billion, exceeding expectations, driven by strong Dupixent and Beyfortus vaccine sales, despite challenges from generic competition and lower Lantus sales. R&D expenses rose, reflecting investment in vaccines and pharma. Sanofi expects a low single-digit business EPS decline in 2024 but predicts strong sales for Dupixent and mid-single-digit growth in vaccine sales. SNY shares rose 5.40% to $49.13.

Portfolio Pulse from Vandana Singh

April 25, 2024 | 1:47 pm

HAS

Nex and Hasbro have expanded their collaboration to launch a new suite of family games for the Nex Playground console. Three new games based on classic Hasbro titles will be released exclusively on Nex Playground, starting with HUNGRY HUNGRY HIPPOS: MOVE N' MUNCH.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 1:43 pm

RDY

Nestlé India and Dr. Reddy's Laboratories have announced a joint venture to expand the reach of their health science nutraceutical portfolio to consumers in India and other agreed territories. This strategic partnership aims to leverage both companies' strengths to enhance access to nutritional solutions.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 1:39 pm

MSFT

Microsoft Corporation (NASDAQ:MSFT) is set to release its Q3 earnings after the market closes on April 25, 2024, with analysts predicting an earnings per share of $2.82, up from $2.45 the previous year, and revenue of $60.8 billion. The company recently launched the Phi-3 Mini AI model. Shares rose 0.4% to $409.06. Analysts from Stifel, BMO Capital, Morgan Stanley, UBS, and Jefferies have maintained positive ratings with increased price targets.

Portfolio Pulse from Avi Kapoor

April 25, 2024 | 1:37 pm