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ALGS

Aligos Therapeutics has received a $1.3 million contract from the National Institutes of Health (NIH) for the clinical development of a compound aimed at treating Covid-19.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 3:31 pm

FANG

U.S. oil companies, including Diamondback Energy Inc., are exploring the use of small nuclear reactors to power operations in Texas's Permian Basin. This initiative, led by a nonbinding letter of intent with Oklo Inc., aims to reduce carbon emissions and ensure reliable electricity. Oklo's advanced fission reactor technology is also being discussed with other oil firms.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 3:30 pm

VIRI

Virios Therapeutics' stock price increased following the announcement of an international patent publication for a treatment combining Valacyclovir and Celecoxib aimed at Alzheimer's and COVID-19.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 3:21 pm

VRTX

Vertex Pharmaceuticals (NASDAQ:VRTX) announced its New Drug Submission for exagamglogene autotemcel (exa-cel) has been accepted for Priority Review by Health Canada for treating sickle cell disease and transfusion-dependent beta thalassemia in patients aged 12 and older. This marks the first CRISPR-based gene-edited therapy submitted for review in Canada. The review timeline is reduced to 180 days from the conventional 300 days, supported by positive Phase 3 study results.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 3:01 pm

BIG

Big Lots (NYSE:BIG) has opened two Asia-based buying offices in Shanghai, China, and Ho Chi Minh City, Vietnam, to enhance its product sourcing capabilities, including closeout deals and extreme bargains. This move is expected to generate significant operational cost savings starting in FY2024 by integrating its long-time third-party agent's sourcing team in-house. The initiative aims to strengthen Big Lots' overseas procurement and assortment optimization, supporting its strategy to offer new and expanded assortments at extreme value prices.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 3:00 pm

AAPL

AMZN

META

MSFT

NVDA

TSLA

Despite downturns in Apple (AAPL) and Tesla (TSLA) shares, the S&P 500 has seen its strongest first quarter since 2019, thanks to the performance of Nvidia (NVDA), Meta Platforms (META), Microsoft (MSFT), and Amazon.com (AMZN). These 'Fab Four' have been central to the market's resilience, with investor optimism fueled by potential economic stability and interest in AI technologies. However, concerns about a possible market rally end persist, with Tesla facing competition and growth challenges, and Apple dealing with legal issues and AI positioning questions.

Portfolio Pulse from Benzinga Neuro

April 01, 2024 | 2:56 pm

ACHR

HOVR

HYMTF

JOBY

XPEV

The CNBC Tech podcast episode on eVTOLs highlights the industry's potential and challenges. With a projected market value of $1 trillion by 2040, companies globally are developing these electric vertical take-off and landing vehicles. Regulatory support and overcoming infrastructure and safety concerns are crucial for industry growth. eVTOL startups like Archer Aviation and Joby Aviation are at the forefront, while firms like New Horizon Aircraft and Hyundai Motor, along with XPeng Aeroht, a subsidiary of XPeng Inc., are advancing the technology.

Portfolio Pulse from Benzinga Neuro

April 01, 2024 | 2:54 pm

GOOG

GOOGL

Gmail, a product of Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL), celebrates its 20th anniversary. Launched as a response to a user complaint, it now serves over 1.5 billion users. The article also highlights the significant return on investment if $1,000 had been invested in Google stock when it went public in 2004, showing a 5,911% increase to $60,107 today, compared to lesser gains in Nasdaq and S&P 500 index funds over the same period.

Portfolio Pulse from Rounak Jain

April 01, 2024 | 2:53 pm

DISC

Disc Medicine Inc (NASDAQ:DISC) reported Phase 2 study results for bitopertin in Erythropoietic Protoporphyria (EPP), showing significant reductions in PPIX levels and improvements in phototoxic reactions. However, the placebo group's strong performance led to non-significant results in some secondary endpoints. DISC stock plunged 58.57% to $25.80.

Portfolio Pulse from Vandana Singh

April 01, 2024 | 2:52 pm

BABA

CGRO

PGJ

TCEHY

Alibaba Cloud's livestream event, featuring influencer Luo Yonghao, attracted over 2.3 million viewers and around 1,000 companies interested in its cloud computing solutions. This event is part of Alibaba's strategy to expand its cloud computing market share, amidst a price war with competitors like Tencent Holding and JD.Com. Despite recent price cuts, Alibaba Cloud aims for long-term growth through economies of scale. Alibaba's stock, along with related ETFs Invesco Golden Dragon China ETF and Tidal Trust II CoreValues Alpha Greater China Growth ETF, could be impacted by these developments.

Portfolio Pulse from Anusuya Lahiri

April 01, 2024 | 2:48 pm