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GRAL

GRAIL shares are trading lower following the announcement that the first participant has been enrolled in the REACH/Galleri-Medicare study at Community Health Network. The study aims to assess the real-world clinical impact of Galleri® in addition to currently recommended cancer screenings, with a focus on diverse and underrepresented populations. Costs for study participants will be covered by Medicare.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 3:52 pm

DIS

PENN

PENN Entertainment (NASDAQ:PENN) shares are trading marginally lower after announcing layoffs of approximately 100 employees to focus on expanding ESPNBet. The layoffs aim to improve operational efficiencies following the acquisition of theScore in 2021. PENN is entering a new growth phase with a $2 billion branding partnership with Walt Disney Company's (NYSE:DIS) ESPN.

Portfolio Pulse from Nabaparna Bhattacharya

July 18, 2024 | 3:51 pm

ETHUSD

MATICUSD

Polygon Labs is set to replace its MATIC token with the new POL token as part of the Polygon 2.0 upgrade on September 4. This transition will make POL the primary token across all Polygon networks, starting with the Polygon PoS chain. MATIC holders on the Polygon PoS chain will see an automatic conversion to POL, while those on other platforms will need to follow specific procedures.

Portfolio Pulse from Murtuza Merchant

July 18, 2024 | 3:50 pm

AGEN

Agenus Inc. (NASDAQ:AGEN) stock plummeted over 50% on Thursday following the FDA's discouragement of an accelerated approval pathway for its immunotherapy combination, botensilimab and balstilimab, for colorectal cancer. Despite promising Phase 1 and Phase 2 trial results, the FDA's concerns about survival benefits led to the stock's decline. Agenus plans to seek partnerships for a Phase 3 trial in the U.S. and is also engaging with European regulators for approval paths.

Portfolio Pulse from Vandana Singh

July 18, 2024 | 3:47 pm

UBSFY

Ubisoft reported Q1 net bookings of €290M, missing the €300M consensus, but Q1 IFRS 15 sales were up 12% YoY to €323.5M. The company expects Q2 net bookings around €500M and confirmed its 2024/2025 outlook. Ubisoft will release 'Star Wars Outlaws' on August 30, 2024, and 'Assassin's Creed Shadows' on November 15, 2024.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 3:42 pm

BYDDY

VFS

BYD Co., Ltd. (OTC:BYDDY) plans to expand its dealership network in Vietnam from 13 to 100 locations by 2026, intensifying competition with local rival VinFast Auto Ltd. (NASDAQ:VFS). BYD will initially offer three models, including the Atto 3, and plans to expand to six models by October. All models will be imported for now, as plans for a local factory have stalled.

Portfolio Pulse from Nabaparna Bhattacharya

July 18, 2024 | 3:41 pm

PFE

Pfizer Inc (NYSE:PFE) is nearing a bullish Golden Cross, indicating potential upward momentum for its stock. The stock is trading above key moving averages and has a strong MACD indicator, although the RSI suggests it is nearing overbought territory. Pfizer's oncology portfolio and products like Comirnaty and Paxlovid are expected to drive future growth, despite potential challenges.

Portfolio Pulse from Surbhi Jain

July 18, 2024 | 3:40 pm

FDIS

TSLA

XLY

Tesla, Inc. (NASDAQ:TSLA) has signed a contract with Intersect Power to supply 15.3 GWh of Megapacks for solar and storage projects through 2030. This agreement positions Intersect Power as one of the largest Megapack operators globally. Tesla's stock is trading higher following the news, despite a recent 11% loss over the past 12 months. Investors can also gain exposure to Tesla through ETFs like XLY and FDIS.

Portfolio Pulse from Lekha Gupta

July 18, 2024 | 3:33 pm

AGR

Vineyard Wind reported that a significant part of a turbine blade has detached off the Massachusetts coast, with potential for more debris to wash ashore.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 3:27 pm

KMI

Kinder Morgan (NYSE: KMI) reported Q2 FY24 revenue of $3.57 billion, missing the consensus of $4.12 billion. Despite the miss, the company saw improved performance in its Natural Gas Pipelines, Products Pipelines, and Terminals segments. Adjusted EPS rose 4% Y/Y to $0.25, missing the consensus of $0.26. The project backlog increased to $5.2 billion, with 80% allocated to lower-carbon energy investments. The board approved a cash dividend of $0.2875 per share. KMI shares are up 3.19% at $21.19.

Portfolio Pulse from Lekha Gupta

July 18, 2024 | 3:25 pm