Streetbeat News

Products Services

HOOK

HOOKIPA Pharma has received FDA clearance for its investigational new drug application for HB-700, a therapeutic vaccine targeting KRAS-mutated cancers. This marks a significant step forward in the development of treatments for cancers with these mutations.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 11:02 am

WNC

Wabash National (WNC) reaffirms its FY24 revenue outlook of $2.2B-$2.4B, aligning with a $2.25B estimate, and maintains its EPS guidance range of $2.00-$2.50, versus a $2.19 estimate. The company views 2024 as crucial for strategic advancement, focusing on strengthening its competitive position through its dealer network and the integration of digital solutions, including the development of the Wabash Marketplace digital platform.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 11:00 am

GSK

The FDA has accepted GSK's supplemental Biologics License Application for Jemperli (dostarlimab) in combination with standard-of-care chemotherapy to expand its treatment to all adult patients with primary advanced or recurrent endometrial cancer. This acceptance could potentially broaden the patient base for Jemperli, enhancing its market potential.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 10:58 am

CNX

CNX Resources and Deep Well Services have formed a joint venture to create AutoSepSM Technologies, an oilfield service company aimed at significantly improving conventional flowback operations.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 10:49 am

SPY

TSLA

U.S. stock markets closed higher, driven by strong earnings and interest in growth stocks, with Tesla's stock surging 6% after hours despite lower-than-expected revenue. The S&P Global composite PMI dropped, while new home sales rose. Asian and European markets also saw gains, with Japan's Nikkei 225 leading. Commodities saw mixed results, and the U.S. dollar index rose.

Portfolio Pulse from Akanksha Bakshi

April 24, 2024 | 10:47 am

AMBO

Ambow Education presented its HybriU AI education technology and solutions at an open house event at the NewSchool of Architecture & Design in San Diego, showcasing its innovative approach to education.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 10:44 am

BTCUSD

10x Research predicts a Bitcoin (BTC) breakout above $73,000 could lead to prices between $81,000 to $83,000, citing the need for a new narrative to drive prices beyond old highs. The analysis draws on George Soros's investment philosophy and highlights the impact of U.S. inflation and tech stocks on Bitcoin. Potential bullish narratives include a U.S. debt explosion and the upcoming Presidential Election. The report also mentions the importance of Bitcoin as an institutional asset class to be discussed at Benzinga's Future of Digital Assets event.

Portfolio Pulse from Khyathi Dalal

April 24, 2024 | 10:35 am

CRM

CSCO

DDOG

HCP

IBM

IBM is reportedly close to acquiring HashiCorp, a move that could significantly impact both companies by enhancing IBM's strategic shift towards hybrid-cloud and artificial intelligence. HashiCorp, known for its cloud infrastructure solutions and partnerships with tech giants, could see its stock value increase due to the acquisition premium. The deal, however, is still uncertain. This acquisition aligns with IBM's recent focus under CEO Arvind Krishna, including a $5 billion acquisition of Apptio. Meanwhile, Salesforce's withdrawal from acquiring Informatica indicates a cautious sector approach.

Portfolio Pulse from Shivani Kumaresan

April 24, 2024 | 10:23 am

GOOGL

NVDA

SFTBY

Perplexity AI, backed by Jeff Bezos and supported by Nvidia and SoftBank, has raised $63 million in a new funding round, valuing the company at over $1 billion and making it a unicorn. The funding was led by Daniel Gross, with contributions from notable investors. Existing investors, including Nvidia and SoftBank, have increased their investments. Perplexity AI, known for its AI-driven search engine, is expanding its services and partnerships, including an enterprise chatbot version and collaborations with major carriers like SoftBank Corp. and Deutsche Telekom AG.

Portfolio Pulse from Rounak Jain

April 24, 2024 | 10:15 am

SES

SES AI has signed an agreement to progress to the next phase of its joint development agreement with Hyundai Motor and Kia, focusing on developing B samples. This move signifies a deepening collaboration between the companies in advancing automotive technology.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 10:12 am