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RNAC

Cartesian Therapeutics has announced the establishment of its new corporate headquarters and an mRNA cell therapy manufacturing facility in Frederick, Maryland. This move signifies the company's expansion and commitment to advancing its mRNA cell therapy research and production capabilities.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 12:16 pm

KRON

Kronos Bio has announced an amendment to the protocol for its trial of KB-0742, transitioning to a four-days-on, three-days-off dosing schedule. This change aims to enhance patient time on KB-0742 at or above a therapeutic threshold.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 12:14 pm

TLSA

Tiziana Life Sciences announced it will present data on its intranasal anti-CD3 monoclonal antibody for Alzheimer's and Parkinson's disease models on March 8. This development could indicate progress in their research and potential for future treatments.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 12:08 pm

EVGN

Casterra Ag Ltd., a subsidiary of Evogen Ltd. (NASDAQ:EVGN), has signed agreements with seed producers in Brazil and Africa to increase its production of high-yielding, high-oil castor seeds by approximately 400 tons in 2024. This move aims to strengthen its castor production capabilities for bio-based industries and lower production risks by diversifying its geographical production base.

Portfolio Pulse from Charles Gross

March 05, 2024 | 12:05 pm

GILT

Gilat Satellite Networks Ltd. (GILT) has been chosen by Safran Passenger Innovations for a strategic, multimillion-dollar in-flight connectivity (IFC) program. This partnership underscores Gilat's leadership in satellite networking technology, solutions, and services.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 12:05 pm

CASI

CASI Pharmaceuticals and BioInvent International AB announced preliminary positive efficacy data for BI-1206 in combination with rituximab for treating relapsed/refractory indolent Non-Hodgkin's Lymphoma in China. This marks a significant step in the ongoing development program in the region.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 12:04 pm

SPIR

Spire Global, Inc. (NYSE:SPIR) successfully launched four satellites on SpaceX's Transporter-10 mission from Vandenberg Space Force Base in California on March 4th, 2024. This event marks a significant achievement for Spire in its space-based data, analytics, and space services offerings.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 11:51 am

KGRN

NIO

PGJ

NIO, Inc. reported Q4 revenue of $2.41 billion, surpassing analysts' expectations of $2.29 billion. The company saw a 6.5% Y/Y revenue increase but a 10.3% decrease from the previous quarter. Adjusted losses were better than expected at $0.39 per share against an anticipated $0.51. Vehicle deliveries rose 25% Y/Y to 50,045 units. Gross margin improved to 7.5% from last year's 3.9%. NIO unveiled its new electric flagship, ET9, and expects Q1 deliveries between 31,000 to 33,000 units with revenue projections of $1.48 billion to $1.56 billion, below the consensus of $2.28 billion. NIO shares dropped 0.94% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

March 05, 2024 | 11:33 am

META

Arevon Energy and Meta Platforms, Inc. (META) have entered into two long-term Environmental Attributes Purchase Agreements for the Kelso Solar Project in Missouri, which will generate 349 MWac of solar power to support Meta's operations with 100% renewable energy. Financial terms were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 11:32 am

AAPL

GOOG

META

MSFT

Gene Munster predicts Apple's AI could generate $33B annually, comparing its potential impact to Meta Platforms in 2022. Despite optimism from analysts, Apple's stock has underperformed in 2024 compared to the Nasdaq Composite and S&P 500. Munster believes Apple's first AI model, expected in June, could significantly boost earnings and compete with major tech firms' AI projects. Apple's stock closed down 1.5% recently.

Portfolio Pulse from Rounak Jain

March 05, 2024 | 11:20 am