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VTRS

Viatris (VTRS) and its partner Mapi Pharma received a Complete Response Letter (CRL) from the FDA for their New Drug Application for GA Depot 40mg. The companies are currently reviewing the CRL to determine their next steps.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 2:55 pm

BTCUSD

Former President Donald Trump, known for his preference for the U.S. dollar, admitted to engaging in transactions using Bitcoin, including a project involving the sale of limited edition sneakers. Despite his traditional views, Trump acknowledged the utility and growing acceptance of cryptocurrencies, indicating a more open stance towards them. He also praised Federal Reserve Chair Jerome Powell for his scandal-free tenure. Trump's comments suggest a warming attitude towards Bitcoin and cryptocurrencies.

Portfolio Pulse from Murtuza Merchant

March 11, 2024 | 2:55 pm

ACA

NOV

Arcosa Inc (NYSE:ACA) has agreed to acquire Ameron Pole Products, LLC from NOV Inc (NYSE:NOV) for $180 million in cash. Ameron, a manufacturer of engineered poles for infrastructure applications, reported $94 million in revenues and $20 million in Adjusted EBITDA for the year ended December 31, 2023. Arcosa plans to fund the acquisition with cash and borrowings, aiming to expand its product offerings in the lighting, traffic, and telecom sectors. The transaction is expected to close in Q2 2024. ACA shares dropped 1.02% to $83.86.

Portfolio Pulse from Shivani Kumaresan

March 11, 2024 | 2:48 pm

EQT

GNE

VTYX

U.S. stocks were lower on Monday, with the Dow Jones index falling over 150 points. EQT Corporation's shares dropped 8.4% after announcing a merger with Equitrans Midstream. Other notable declines include Ventyx Biosciences, MoneyLion Inc., Genie Energy Ltd., and several others, each falling due to various company-specific news such as clinical data reports, quarterly results, and strategic updates.

Portfolio Pulse from Avi Kapoor

March 11, 2024 | 2:37 pm

BLNK

Blink Charging Co. (NASDAQ:BLNK) announced the establishment of its global corporate headquarters and a new manufacturing facility in Bowie, Maryland. The new 15,000 square-foot headquarters and a 30,000 square-foot LEED Gold-certified production facility aim to increase manufacturing capacity to over 50,000 EV charging units annually, up from 15,000. This expansion supports Blink's commitment to sustainable transportation and the increasing demand for EV charging infrastructure. The move also includes the creation of the Blink Center of Charging Excellence, featuring vehicle interoperability testing, charger certification, and advanced R&D capabilities.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 2:35 pm

SLRN

Acelyrin Inc (NASDAQ:SLRN) announced positive results from its Phase 2b/3 trial of izokibep for Psoriatic Arthritis, meeting the primary endpoint with high statistical significance. The drug was well-tolerated, showing a favorable safety profile. Additionally, long-term data from a Phase 2b trial in hidradenitis suppurativa demonstrated no increased safety liability with longer-term treatment, with clinical improvements over time. SLRN shares rose 7.35% to $8.03.

Portfolio Pulse from Vandana Singh

March 11, 2024 | 2:32 pm

BNTX

BioNTech's stock price increased following the announcement that the company will present clinical trial data for its oncology pipeline at the American Association for Cancer Research Annual Meeting 2024.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 2:31 pm

MNKD

MannKind Corporation (NASDAQ:MNKD) shares are in focus due to initial meal challenge data from INHALE-3, a Phase 4 clinical trial for inhaled insulin, showing promising results. The company also reported Q4 earnings of 2 cents per share with sales of $58.47 million, surpassing analyst estimates. CNBC's Jim Cramer discussed the stock, noting its potential for an earnings breakout. Analysts have a 12-month price target range of $6.50 to $7.50, with an average of $7.00. MannKind shares are currently down 8.35% at $4.82.

Portfolio Pulse from Erica Kollmann

March 11, 2024 | 2:28 pm

ABNB

Airbnb announced a global ban on indoor security cameras in its listings, effective April 30. Previously, cameras were permitted if disclosed in the listing. The policy change, influenced by feedback from guests, hosts, and privacy experts, aims to address privacy concerns. Outdoor cameras and doorbell cameras are still allowed if disclosed. Violations could lead to listing or account removal. The decision reflects the ongoing debate between hosts who view cameras as essential for property protection and guests concerned about privacy.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 2:17 pm

BITF

Bitfarms Ltd. (BITF) has announced the purchase of additional miners to reach a mining capacity of 21 EH/s in 2024. The company fully exercised a purchase option for 28,000 Bitmain T21 miners and bought an additional 19,280 Bitmain T21 miners, 3,888 Bitmain S21 miners, and 740 Bitmain S21 Hydro miners. These acquisitions are part of Bitfarms' expansion plan, aiming to operate one of the newest and most powerful mining fleets in anticipation of a bull market. The company plans to liquidate older miners to offset the cost of new ones and aims to improve hashrate, energy efficiency, and operating costs per terahash.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 2:11 pm