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FXI

AstraZeneca and Daiichi Sankyo's Enhertu has received conditional approval in China for treating HER2-positive advanced or metastatic gastric cancer in patients who have undergone at least two prior treatments.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 9:20 am

PHG

Philips (NYSE: PHG) and Isala Hospital have renewed their strategic partnership to enhance healthcare delivery using advanced technology, data analytics, and AI. The collaboration focuses on radiology and cardiology, aiming to maintain accessible, affordable, and high-quality care. The agreement includes a multi-year plan for replacing medical systems like MRI and CT scanners, ensuring sustainability and cost-effectiveness.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 8:03 am

HD

KYTX

PSFE

RMBL

XP

U.S. stock futures are trading higher this morning. Key stocks to watch include Home Depot, RumbleOn, Paysafe, Kyverna Therapeutics, and XP Inc. Home Depot is expected to report strong earnings, RumbleOn beat revenue estimates, Paysafe is anticipated to post solid earnings, Kyverna Therapeutics received FDA RMAT designation, and XP Inc. is expected to report earnings after the closing bell.

Portfolio Pulse from Avi Kapoor

August 13, 2024 | 7:44 am

BTCUSD

El Salvador's 'Bitcoin City' project receives a $1.6 billion investment from Turkey's Yilport Holding, marking the largest private investment in the country's history. The funds will be used to develop two seaports, including the site for 'Bitcoin City'.

Portfolio Pulse from Aniket Verma

August 13, 2024 | 7:32 am

FFIE

Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) has delivered its second FF 91 2.0 Futurist Alliance vehicle as part of its ongoing Start of Delivery Second Phase (SOD2). Wei Gao, Head of Global Communication and Community Sales, is the latest recipient.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 6:38 am

BMY

EVO

Evotec and Bristol Myers Squibb have expanded their molecular glue degrader pipeline, resulting in $75 million in performance-based payments to Evotec.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 6:24 am

AAPL

GOOG

GOOGL

SSNLF

The initial enthusiasm for Samsung Galaxy S24's AI capabilities is waning, with shipment momentum slowing since April 2024. Analyst Ming-Chi Kuo notes a 10% YoY decrease in pre-orders for Samsung's new foldable models. Despite the slowdown, AI adoption in smartphones is expected to continue. Google's AI Core update for Pixel 8 Pro and upcoming Pixel 9 are highlighted, but no solid proof exists that AI enhancements will drive device replacement demand. Apple's iPhone 16 series is also under scrutiny, with mixed expectations about its impact on smartphone shipments.

Portfolio Pulse from Ananya Gairola

August 13, 2024 | 5:53 am

TSLA

Donald Trump praised Tesla CEO Elon Musk for his actions against unionizing efforts and for producing great electric vehicles. Trump also mentioned the potential elimination of EV subsidies, which Musk believes would slightly impact Tesla but devastate competitors. Musk endorsed Trump and discussed forming a 'government deficiency commission' if Trump reclaims the White House.

Portfolio Pulse from Anan Ashraf

August 13, 2024 | 5:37 am

TSLA

Dogecoin and Floki saw significant gains following an interview between Elon Musk and Donald Trump on Musk's social network X. Dogecoin rose by 2.43% with a 33% increase in trading volume, while Floki increased by 2.58% with a 20% rise in volume. The broader cryptocurrency market also saw gains, with the global market cap rising by 1.71%.

Portfolio Pulse from Aniket Verma

August 13, 2024 | 5:31 am

VALN

Valneva reaffirmed its 2024 financial guidance, expecting total revenues between €170M and €190M, with R&D investments between €60M and €75M. The company also anticipates other income between €100M and €110M, including €95M from the PRV sale.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 5:31 am