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CYBR

VRT

Market strategist Matt Orton has spotlighted Vertiv Holdings Co (VRT) and Cyberark Software Ltd (CYBR) as two U.S. small-cap stocks with significant growth potential in 2024. Orton, from Raymond James Investment Management, highlighted the Russell 2000's recent performance and sees these companies as poised for a breakout. Vertiv, a data center equipment provider, has seen its stock rise 471% over the past year, while CyberArk, a cybersecurity firm, has increased by 80% due to growing cyber threats.

Portfolio Pulse from Benzinga Neuro

April 02, 2024 | 5:50 am

IPSEY

STRO

Ipsen and Sutro Biopharma have entered into an exclusive global licensing agreement for STRO-003, an antibody-drug conjugate targeting solid tumors. Ipsen will have global rights for the development and commercialization of STRO-003, which is in the final stages of pre-clinical development and targets ROR1. STRO-003 has demonstrated strong efficacy and a potential for a differentiated safety profile in preclinical studies.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 5:49 am

HCM

IVBIY

HUTCHMED and Innovent have announced that their New Drug Application (NDA) for the combination of fruquintinib and sintilimab for treating advanced endometrial cancer has been accepted in China with Priority Review status. This follows the Breakthrough Therapy designation received in July 2023. This marks the first regulatory filing for fruquintinib in combination with an immune checkpoint inhibitor.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 5:43 am

AAPL

GOOG

Alphabet Inc.'s Google has released the Android 14 QPR3 Beta 2.1 update, introducing a High-Quality Mode for webcams among other user-oriented changes. Despite improvements, this feature may lead to higher power consumption and device heating, and currently offers lower video quality compared to Apple's Continuity Camera. The update is available for various Pixel devices, but downloads for OTA images are temporarily disabled due to a sideload issue. This release aims to enhance user experience amid declining Android market share in the US, where Apple Inc. continues to dominate.

Portfolio Pulse from Benzinga Neuro

April 02, 2024 | 3:24 am

TSLA

XIACF

Xiaomi Corp's shares surged nearly 15% following the launch of its first EV, the SU7, priced $4,000 lower than Tesla's Model 3. The SU7 received 88,898 pre-orders within 24 hours, indicating strong market demand. Other Chinese EV makers like Xpeng and Nio have responded with price cuts, amidst a slowdown in China's new energy vehicle market growth. Xiaomi aims to attract 20 million premium users in China with the SU7, having received 120,000 orders within 36 hours of launch.

Portfolio Pulse from Benzinga Neuro

April 02, 2024 | 3:17 am

DOGEUSD

Crypto analyst Kaleo highlighted a potential repeat by Elon Musk of last year's move that significantly boosted Dogecoin's (DOGE) value around April Fool's Day. Musk had changed the Twitter (now X) logo to Dogecoin, causing a surge in its price. Despite Musk's silence on Dogecoin this year, speculation is rife about a possible repeat. Dogecoin, known as a pioneer meme coin, has seen a 125% increase since the start of 2024, with a 42.6% gain over the last 30 days.

Portfolio Pulse from Benzinga Neuro

April 02, 2024 | 2:36 am

HYMTF

KIMTF

TSLA

Hyundai Motor Co and Kia Corp are intensifying their electric vehicle (EV) efforts to compete with Tesla Inc, according to Ross Gerber, CEO of Gerber Kawasaki Wealth and Investment Management. Despite being cheaper, Gerber believes these EVs are not as good as Tesla's offerings. The South Korean government is supporting Hyundai and Kia with new EV policies, while Tesla continues to face challenges, including concerns about a potential production slump.

Portfolio Pulse from Benzinga Neuro

April 02, 2024 | 1:45 am

CGC

Wana Brands and the Wana Brands Foundation have donated over $4.2 million to more than 150 charities since 2021, emphasizing sustainability and social responsibility. The #4ward20 campaign, initiated in 2021, showcases the company's commitment to community well-being over commercial gains. Nancy Whiteman, CEO, highlights the importance of this philanthropic effort. The foundation, established with support from Canopy Growth Corporation (NASDAQ:CGC), focuses on critical needs like food security and mental health.

Portfolio Pulse from Patricio Liddle

April 02, 2024 | 1:11 am

AAPL

Apple Inc. (NASDAQ:AAPL) is reportedly planning to launch new, more affordable AirPods and an updated AirPods Max version in 2024, according to supply chain analyst Jeff Pu. The affordable AirPods are expected to be supplied by a Foxconn subsidiary, with production ramping up in an Indian factory during Q4 2024. The new AirPods models, including entry-level and mid-tier versions, are anticipated to feature a fresh design, improved sound quality, and an upgraded USB-C charging case, with the mid-tier model also having active noise cancellation and a speaker for Find My Location tracking. The updated AirPods Max will include a USB-C charging port and possibly new color options.

Portfolio Pulse from Benzinga Neuro

April 02, 2024 | 1:07 am

MSFT

OpenAI, backed by a significant investment from Microsoft Corp (NASDAQ:MSFT), unveiled its new product, 'Voice Engine,' a voice cloning tool. This development marks Microsoft's aggressive expansion into the AI space. Voice Engine, which has been in development for two years, allows users to clone voices from a 15-second sample. Despite potential risks associated with deepfake technology, OpenAI emphasizes responsible deployment. The tool is initially available to a select group of developers.

Portfolio Pulse from Chris Katje

April 01, 2024 | 10:45 pm