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KRMD

KORU Medical Systems has announced a feasibility study to explore entering ambulatory infusion settings with a commercialized biologic. This move could potentially expand KORU's market presence and product offerings in the healthcare sector.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 8:11 pm

IVV

SPY

VOO

Bank of America analysts have raised the S&P 500's one-year price target from 5000 to 5400, expecting a 13% yield in the next 12 months despite concerns of a potential market bubble. Analyst Savita Subramanian argues that current market conditions resemble those of the mid-90s rather than a bubble, citing neutral U.S. equity sentiment and the nascent state of tech subsectors like AI. The S&P 500's performance is tracked by ETFs such as SPY, VOO, and IVV.

Portfolio Pulse from Natan Ponieman

March 11, 2024 | 8:10 pm

ORCL

Oracle anticipates securing more large contracts for its cloud infrastructure capacity due to high demand for its Gen2 AI infrastructure, which outstrips supply despite rapid expansion of datacenters.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 8:08 pm

ORCL

Oracle anticipates recognizing 43% of its $80 billion Remaining Performance Obligations as revenue in the next four quarters. Its Gen2 Cloud Infrastructure business, which grew 53% in Q3, is expected to continue its hypergrowth phase.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 8:07 pm

ORCL

Oracle reported a significant increase in its cloud revenue for Q3, with overall cloud revenue up by 25%. Specifically, cloud infrastructure revenue saw a notable rise of 49%, while cloud application revenue increased by 14%.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 8:06 pm

TERN

Terns Pharmaceuticals has received FDA Orphan Drug Designation for TERN-701, aimed at treating Chronic Myeloid Leukemia. TERN-701 is a BCR-ABL tyrosine kinase inhibitor currently in Phase 1 clinical trials, with interim results expected in the second half of 2024.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 8:06 pm

ALTO

Alto Ingredients has announced its intention to collaborate with Vault on a carbon capture and storage initiative. As part of this initiative, Alto will install equipment to capture carbon dioxide generated from its production process at its Pekin campus. Vault will then be responsible for the transportation and storage of these emissions.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 8:04 pm

TSLA

Tesla has increased the price of its Model Y and Model Y Long Range in the U.S. by $1,000 each, now priced at $43,990 and $48,990 respectively, according to Reuters citing Tesla's website.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 7:50 pm

ABT

The FDA has announced that Abbott is recalling its Heartmate Touch Communication System (version 1.0.32) due to the risk of the device unexpectedly starting or stopping. This recall has been classified as a Class I recall, indicating a situation where there is a reasonable probability that the use of or exposure to the violative product will cause serious adverse health consequences or death. There have been 8 reported injuries associated with this issue, but no deaths have been reported.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 7:49 pm

BLK

BTCUSD

Mudrex introduced U.S. Bitcoin Spot ETFs to Indian investors, featuring ETFs from BlackRock Inc. (NYSE:BLK), Fidelity, Franklin Templeton, and Vanguard. This allows Indian investors to engage with Bitcoin through a regulated framework, with investments ranging from $5,000 to $250,000. Mudrex, licensed in Lithuania and Italy, adheres to regulatory frameworks in India and the EU.

Portfolio Pulse from Murtuza Merchant

March 11, 2024 | 7:45 pm