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DJT

MTTR

RIOT

TSLA

VZ

U.S. stocks closed positively with DJT, RIOT, MTTR, VZ, and TSLA being the focus. DJT dipped after a SPAC merger, RIOT surged with Bitcoin, MTTR soared on acquisition news, VZ fell despite revenue stability, and TSLA dropped after cutting FSD software prices.

Portfolio Pulse from Benzinga Neuro

April 23, 2024 | 1:57 am

TSLA

Tesla Inc (NASDAQ:TSLA) is set to report its Q1 financial results, with analysts expecting revenue of $22.34 billion and earnings per share of 51 cents. The focus is on demand, future growth plans, and updates on Robotaxis and Model 2. Analysts have mixed views, with some seeing potential for stock support from future growth drivers, while others caution about the company's growth status and recent performance challenges. Price targets vary significantly among analysts. Key concerns include demand, production and delivery figures, the status of the Model 2 and Cybertruck, and recent layoffs.

Portfolio Pulse from Chris Katje

April 22, 2024 | 10:32 pm

META

MSFT

Microsoft Corp (NASDAQ:MSFT) has enhanced its AI supercomputing team by hiring Jason Taylor, a former executive from Meta Platforms Inc (NASDAQ:META). Taylor, who has extensive experience in AI, data, and privacy infrastructure, will report directly to Microsoft's CTO Kevin Scott as the Deputy CTO and Corporate Vice President for AI supercomputing efforts. This move is part of Microsoft's broader strategy to advance its hardware capabilities in AI, following the hiring of Mustafa Suleyman from Alphabet Inc's Google DeepMind earlier in the year.

Portfolio Pulse from Franca Quarneti

April 22, 2024 | 10:02 pm

SAIA

Saia LTL Freight, a subsidiary of Saia Inc., announced plans to expand its network by opening two new terminals, one near Trenton, New Jersey, and another in St. George, Utah. This expansion aims to enhance the company's service capabilities and reach in these regions.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 10:00 pm

REGN

Regeneron will present new and updated data from its genetic medicines portfolio at the ASGCT Annual Conference, including insights from 10 abstracts and results from the Phase 1/2 CHORD trial of DB-OTO for genetic hearing loss.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 9:56 pm

UNH

UnitedHealth has updated on the cyberattack on Change Healthcare, revealing progress in restoring services. Initial data sampling found files with PHI or PII, but no evidence of exfiltration of detailed medical records. Pharmacy services are nearly back to normal, with 99% of pharmacies processing claims as before.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 9:47 pm

GBIO

Generation Bio has announced the acceptance of five abstracts and an invited oral presentation at the ASGCT 27th Annual Meeting, highlighting its research advancements.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 9:35 pm

MTAL

Metals Acquisition Limited (NYSE:MTAL) announced significant updates to its Resource and Reserve Statement and 3-year production guidance for the CSA Copper Mine, showing substantial increases in mine life and contained copper. The updates include a 67% increase in mine life to 11 years, a 64% increase in contained copper to 0.5Mt, and an 83% increase in Measured and Indicated Resources. The company also provided production guidance for 2024-2026, indicating a steady increase in copper production. These improvements come after only ten months of ownership and are based on data from two and a half months post-acquisition.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 9:05 pm

TOVX

Theriva Biologics' shares surged following the announcement of its plans to present preclinical data for VCN-01, in combination with first-line pancreatic cancer chemotherapy regimens, at the American Society for Cell and Gene Therapy 27th Annual Meeting.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 9:04 pm

AZTR

Azitra's stock price increased following the announcement that new preclinical data will be presented at the upcoming American Society of Gene and Cell Therapy meeting.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 9:01 pm