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BKR

CVE

EQNR

OKE

PAA

SHEL

TDW

TPL

TRGP

VIST

WHD

Shares of oil and gas companies are experiencing a decline due to reports that Saudi Arabia might increase its oil output.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 2:39 pm

USDTUSD

Tether CEO Paolo Ardoino discussed the launch of a Dirham-pegged stablecoin and a new tokenization platform. He emphasized Tether's proactive compliance with U.S. authorities and expressed concerns about European regulations. Tether aims for growth in the stablecoin market.

Portfolio Pulse from Khyathi Dalal

September 26, 2024 | 2:39 pm

BIIB

SAGE

Biogen has terminated its collaboration with Sage Therapeutics for the SAGE-324 program after negative Phase 2 study results for treating essential tremor. Sage will regain full ownership of SAGE-324 and may explore other indications. The partnership on Zurzuvae for postpartum depression continues.

Portfolio Pulse from Vandana Singh

September 26, 2024 | 2:38 pm

SPY

Federal Reserve Governor Lisa Cook expressed optimism about AI's potential to boost productivity but also warned of possible negative impacts on employment. The balance between productivity gains and job displacement remains a key concern.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 2:37 pm

BNO

USO

Oil prices are declining due to reports that Saudi Arabia might increase its oil production.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 2:37 pm

EVO

NVO

Evotec SE and Novo Nordisk A/S have entered a partnership to develop stem cell-based therapies. Novo Nordisk will fund Evotec's R&D and manufacturing activities, with the option for exclusive rights in a specific therapeutic area. Evotec will receive R&D funding, upfront payments, and potential milestone and royalty payments. The collaboration aims to advance cell therapy technologies for potential commercialization.

Portfolio Pulse from Vandana Singh

September 26, 2024 | 2:33 pm

PFE

Pfizer has voluntarily withdrawn its sickle cell disease treatment, Oxbryta, from the global market due to safety concerns, including painful complications and deaths. The company has also halted all related clinical trials and does not expect this to impact its 2024 financial guidance.

Portfolio Pulse from Vandana Singh

September 26, 2024 | 2:29 pm

LI

NIO

TSLA

NIO Inc's stock surged over 5.49% following the People's Bank of China's monetary stimulus, which included a 50 basis point cut in the reserve requirement ratio. This move is expected to boost lending and support sectors like the automotive market, benefiting NIO as a leader in China's EV market.

Portfolio Pulse from Henry Khederian

September 26, 2024 | 2:24 pm

BX

LBO

WBIL

Blackstone Inc. is investing $13.3 billion in a new AI data center in the UK, expected to create 4,000 jobs. This move aligns with UK Prime Minister Keir Starmer's economic growth plans. Blackstone also announced an $8.4 billion acquisition of Smartsheet with Vista Equity Partners.

Portfolio Pulse from Lekha Gupta

September 26, 2024 | 2:22 pm

FYC

QMOM

ZETA

Zeta Global Holdings Corp. (NYSE:ZETA) has launched new AI tools for mobile marketing, enhancing personalized cross-channel campaigns. The company is expanding its generative AI Agents on the Zeta Marketing Platform, aiming to improve marketing productivity. ZETA shares rose 1.82% following the announcement.

Portfolio Pulse from Lekha Gupta

September 26, 2024 | 2:19 pm