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AGEN

Agenus has announced updated Phase 1 data showing promising results in metastatic MSS colorectal cancer treatment, with 12-month overall survival at 71% and 18-month at 62%. The company intends to discuss Phase 2 interim results with the FDA and plans to submit these results to a major medical conference in H2 2024.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 11:32 am

HES

Hess Corporation (NYSE:HES) has announced the final investment decision to proceed with the Whiptail development in the Stabroek Block, expected to yield 250,000 barrels of oil daily by 2027. The project, valued at $12.7 billion, aims to exploit over 850 million barrels of oil, featuring up to 10 drill centers and 48 wells.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 11:28 am

AMD

BLK

GL

INTC

JPM

QQQ

SPY

WFC

Wall Street is poised for a pullback as stock futures decline, with JPMorgan tumbling 3% and gold surging past $2,400. The shift to cautiousness follows a relief rally sparked by the producer price index report. Big bank earnings have been disappointing, affecting market sentiment. The SPDR S&P 500 ETF Trust and Invesco QQQ ETF saw premarket declines. Analysts predict a potential momentum pickup in stocks post-April 15, despite current market pullbacks. Upcoming economic data and Fed officials' speeches are highly anticipated. Globe Life Inc. rebounds in premarket trading, while Intel and AMD face challenges from China's move against U.S.-made chips. BlackRock rises after an earnings beat, but Wells Fargo also sees a decline.

Portfolio Pulse from Shanthi Rexaline

April 12, 2024 | 11:27 am

CPNG

Coupang's stock price is on the rise following reports that the company plans to increase its membership fees.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 11:26 am

CPNG

Coupang, identified by its ticker symbol CPNG, has announced an increase in its membership fees. This decision has been made public premarket, leading to a rise in Coupang's shares. Industry officials have commented on the fee hike, suggesting it may not be considered excessive.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 11:25 am

PXMD

PaxMedica (PXMD) shares surged following the announcement of the successful completion of three pivotal registration/validation batches of PAX-101, signaling significant progress in the drug's development pathway.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 11:10 am

BITF

Bitfarms announced it has achieved a mining capacity of 7 EH/s following the upgrade of its fleet at the Garlock and Farnham facilities, with the installation of 3,168 T21s at Garlock and 1,710 T21s plus 100 M53S+ hydro miners at Farnham. Additionally, over 30,000 T21s are expected to be delivered in Q2 2024 to various locations, including a new development in Paso Pe, Paraguay.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 11:06 am

BMR

Beamr Imaging announced in a CEO letter to shareholders that it generated approximately $0.39M in Q1 revenues, an increase from $0.33M YoY. The company also reported having $19M in cash and equivalents as of March 31. For Q2 2024, Beamr plans to focus on integrating vision AI processes into Beamr Cloud, including AI workflows like object detection, alongside video optimization. These enhancements aim to improve offerings to video customers and expand into new AI markets, with ongoing improvements to Beamr Cloud for ease of use and configurability.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 11:05 am

MU

NVDA

SSNLF

Samsung Electronics Co plans to announce a $44 billion investment in a chip plant in Taylor, Texas, with over $6 billion in U.S. government grants. This move is part of the U.S. strategy to boost domestic semiconductor production under the 2022 Chips and Science Act. Samsung's investment aims to enhance its chip technology, aligning with AI industry leaders like NVIDIA Corp and Micron Technology, and follows a collaboration with Arm Holdings for next-gen CPU technology.

Portfolio Pulse from Benzinga Neuro

April 12, 2024 | 10:49 am

ARW

Arrow Electronics has expanded its managed service offerings by introducing Cloud Object Storage for Backup on ArrowSphere Cloud, built on IBM Cloud. This new service, developed in collaboration with IBM Cloud and Anycloud, is designed to support the growing need for data protection. It offers advanced encryption, data protection measures, and is stored in IBM datacentres. The service is available exclusively to Arrow channel partners across EMEA and features a user-friendly management portal and a fixed price per TB pricing model without setup fees. It is compatible with any backup software or SaaS that supports BYOS and ensures data durability by replicating it across multiple devices and IBM datacentres.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 10:38 am