Streetbeat News

Products Services

PL

Planet Labs PBC (NYSE:PL) has signed a $20M data-license agreement with Carbon Mapper, Inc. to provide hyperspectral imagery until 2030. This partnership aims to enhance global methane and CO2 monitoring. The deal, supported by climate philanthropy, extends an existing agreement and supports the Tanager hyperspectral constellation's development. The first Tanager satellite launch is planned for 2024, with applications spanning commercial, civil, and defense sectors.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 8:42 pm

MSFT

Leaked images reveal a white, disc-less version of the Xbox Series X, expected to launch in June or July and potentially at a lower price than the current model. The design appears similar to the existing models, with no significant changes under the hood. Microsoft is also rumored to be working on an Xbox handheld and a next-gen console.

Portfolio Pulse from Franca Quarneti

March 28, 2024 | 8:38 pm

APLT

The FDA has extended the review period for Applied Therapeutics' NDA for Govorestat (AT-007), aimed at treating Classic Galactosemia, by three months, setting a new PDUFA target action date to November 28, 2024. This extension is due to the FDA requiring more time to review supplemental analyses of previously submitted data by Applied Therapeutics, which is considered a Major Amendment to the NDA. Despite the delay, Applied Therapeutics remains confident in Govorestat's approval prospects.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 8:32 pm

FNA

Paragon 28, Inc. (NYSE:FNA) announced the launch of the Grappler R3INFORCE Extraosseous Repair System, designed for fibula fracture repairs and high ankle sprains. This system complements Paragon 28's existing product suite, offering a comprehensive solution for syndesmotic injuries. The Grappler R3INFORCE system is compatible with the company's Grappler Knotless Sutures, aims to replicate the mechanics of native tissue, and is sterile packed for reduced waste and complexity in surgery.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 8:32 pm

SMTC

Semtech has announced its strong positioning to capitalize on near-term growth trends, especially in the infrastructure end market. However, it also noted that its hardware business continues to face constraints.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 8:25 pm

FLOKIUSD

Floki (FLOKI) experienced a 15% price rally following its Valhalla Bonfire Event, where 190.9 billion FLOKI tokens were burned. This event contributed to a significant increase in Floki's market cap, which surged by $2 billion in a month, reaching $2.52 billion. Floki's trading volume closely follows other major meme coins, with a 433.8% monthly gain, outperforming Dogecoin, Shiba Inu, and others. The token's success is attributed to its strong utility demand, deflationary tokenomics, and a 23% supply staked/locked. Binance highlighted Floki as one of the hottest meme coins on its exchange.

Portfolio Pulse from Khyathi Dalal

March 28, 2024 | 8:23 pm

ELVN

Enliven Therapeutics, Inc. (NASDAQ:ELVN) announced a virtual event on April 11, 2024, to share initial proof of concept data for ELVN-001, a kinase inhibitor targeting CML. The event will feature discussions with leading CML experts and Enliven's management, focusing on ELVN-001's Phase 1a data and its potential impact on CML treatment.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 8:14 pm

BMY

Bristol Myers Squibb (BMY) announced positive results from the Phase 3 KRYSTAL-12 study of KRAZATI (adagrasib) for treating KRASG12C-mutated non-small cell lung cancer, meeting primary and key secondary endpoints. The study showed significant benefits in progression-free survival and overall response rate, with safety data consistent with known profiles. KRAZATI has received FDA accelerated approval and is under review for additional indications.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 8:12 pm

MMM

Financial analysts have observed a bullish trend in options trading for 3M (NYSE:MMM), with a significant number of calls over puts indicating a positive outlook among traders. The trading activity suggests a price target range between $90.0 and $150.0. Recent options activity, including notable trades with bullish and bearish sentiments, reflects varied expectations for 3M's stock price. The company, a multinational conglomerate with a diverse product portfolio, has seen its stock price slightly increase, with analysts providing mixed ratings and target prices.

Portfolio Pulse from Benzinga Insights

March 28, 2024 | 7:46 pm

LCID

SONY

TSLA

The Lucid Air by Lucid Group (NYSE:LCID) is featured in Meghan Trainor and T-Pain's music video for "Been Like This," marking a significant presence in popular culture similar to Tesla Inc's (NASDAQ:TSLA) Cybertruck. The video's release could potentially attract new customers to Lucid amidst its shares declining over 60% in the last year. Tesla continues to turn celebrities into Cybertruck owners without offering discounts or endorsement deals.

Portfolio Pulse from Chris Katje

March 28, 2024 | 7:35 pm