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TMC

VALE

TMC The Metals Company, Ampco-Pittsburgh Corporation, Vale, and Atlas Lithium reported significant updates. TMC reported a reduced annual loss and highlighted progress in marine research. Ampco-Pittsburgh reported increased sales and operational losses due to asbestos charges but improved non-GAAP income. Vale is negotiating DOE funding for an iron ore briquette facility to reduce emissions. Atlas Lithium appointed a new COO to leverage Brazil's Lithium Valley reserves.

Portfolio Pulse from Austin DeNoce

March 26, 2024 | 9:09 pm

MRK

The FDA has approved Merck's Winrevair for the treatment of adults with pulmonary arterial hypertension, marking a significant advancement in the treatment options available for this condition.

Portfolio Pulse from Charles Gross

March 26, 2024 | 9:03 pm

AMZN

MSFT

NVDA

PLTR

VERI

Veritone Inc CEO Ryan Steelberg emphasizes the importance of 'AI For Good,' advocating for responsible AI development and deployment by companies. He highlights the role of Veritone, Amazon, and Microsoft in ensuring AI transparency and societal advancement. Veritone, founded in 2014, differentiates itself with a cloud-agnostic approach and a high customer retention rate. Steelberg predicts a shift in AI investment focus from hardware suppliers like Nvidia to application and workflow-based companies.

Portfolio Pulse from Neil Dennis

March 26, 2024 | 9:01 pm

MSFT

SONY

Xbox sales in Europe are declining, with developers and publishers expressing concerns about its future as a hardware manufacturer. GamesIndustry.biz's Chris Dring highlighted the issue, noting a shift in third-party publisher support towards PC and PlayStation 5. Despite this, Microsoft Corp (NASDAQ:MSFT) executives are optimistic, promising significant advancements in their next console. Sony Group Corp. (NYSE:SONY) is mentioned as Xbox's main rival, with some Xbox exclusives also available on PlayStation.

Portfolio Pulse from Franca Quarneti

March 26, 2024 | 8:56 pm

STOK

Stoke Therapeutics Inc (NASDAQ:STOK) shares surged over 58% on Tuesday after announcing promising Phase 1/2a data for STK-001 in Dravet syndrome. The company also announced a proposed public offering of up to $75 million of its common stock, intending to use the proceeds for research and development of its product candidates, including STK-001 and STK-002.

Portfolio Pulse from Adam Eckert

March 26, 2024 | 8:54 pm

AMAT

Recent unusual options activity in Applied Materials (NASDAQ:AMAT) shows a bullish stance by significant investors, with a mix of bullish and bearish trades. The activity suggests a price target range of $160 to $310. Notable trades include both puts and calls with varying sentiments and strike prices. Applied Materials, a leading semiconductor equipment manufacturer, has seen its stock price slightly decrease. Analysts have mixed ratings on AMAT, with target prices ranging from $220 to $240. The next earnings report is expected in 51 days.

Portfolio Pulse from Benzinga Insights

March 26, 2024 | 8:45 pm

ZVRA

Zevra Therapeutics announced positive results from its Phase 2 clinical trial of KP1077 for treating idiopathic hypersomnia (IH), showing clinically meaningful benefits. The company intends to request an end-of-Phase 2 meeting with the FDA to discuss the Phase 3 trial design.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 8:32 pm

BTBT

Bit Digital, Inc. has received a customer proposal to add an additional 2,048 GPUs to their operations. This expansion could significantly enhance their computing power and potentially increase their revenue from mining activities.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 8:32 pm

ADBE

PFE

At the Adobe Summit, Adobe Inc. introduced GenStudio, a suite of generative AI tools aimed at transforming the content supply chain. This includes Adobe Firefly, offering services and custom models for content production. Adobe's initiative, supported by partnerships including one with Pfizer Inc., seeks to automate and optimize content creation and management. Adobe shares have seen a 34% increase from last year, despite a year-to-date decline of 14%.

Portfolio Pulse from Piero Cingari

March 26, 2024 | 8:31 pm

AKLI

Akili's shares are trading lower following the news that the company received a notice of allowance for U.S. Patent Application 17/890,478, which is focused on a cognitive platform for deriving an effort metric for optimizing cognitive treatment using data computed with artificial neural networks or deep learning techniques.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 8:31 pm