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TSLA

Tesla Inc (NASDAQ:TSLA) began Cybertruck deliveries in November 2023, with over one million reservations. Celebrities like Jay-Z, Beyoncé, and Alexis Ohanian are among the first owners, enhancing Tesla's brand awareness through their high-profile endorsements. Tesla CEO Elon Musk reacted positively to Jay-Z's customized matte black Cybertruck on social media.

Portfolio Pulse from Chris Katje

February 29, 2024 | 9:19 pm

MRK

PMVP

PMV Pharmaceuticals reported its FY23 financial results, showing a narrower net loss of $69.0 million compared to $73.3 million in FY22. The company had $228.6 million in cash and equivalents, a slight decrease from $243.5 million the previous year. R&D expenses increased to $55.9 million, primarily due to the development of rezatapopt. G&A expenses slightly decreased to $24.2 million. The report also mentions KEYTRUDA, a trademark of Merck Sharp & Dohme LLC.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 9:19 pm

RCEL

AVITA Medical has officially submitted its response to the FDA, which resumes the review process for the RECELL GO PMA Supplement. This step is crucial for the company as it moves closer to potentially getting approval for RECELL GO, a product that could significantly impact its market presence and financial performance.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 9:02 pm

AMD

AMD shares are trading higher, potentially due to increased momentum in the AI chip sector.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 9:00 pm

HLTH

Cue Health has been granted European Patent Number EP3191849, titled 'Systems and Methods for Detection and Quantification of Analytes'. This patent strengthens Cue Health's intellectual property portfolio in Europe, potentially enhancing its competitive position in the healthcare diagnostics market.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 8:59 pm

KO

PEP

PRMW

A new study suggests boiling drinking water can significantly reduce microplastics, impacting companies like Coca-Cola and PepsiCo, known for their bottled water brands. The presence of microplastics in various environments, including drinking water, has raised health concerns. The study, conducted by researchers from Guangzhou Medical University and Jinan University, found that boiling water can remove up to 90% of microplastics, depending on the water's mineral content. This discovery could influence consumer behavior towards bottled water and tap water treatment methods.

Portfolio Pulse from Natan Ponieman

February 29, 2024 | 8:41 pm

HOOD

Recent options trading activity indicates a bullish stance on Robinhood Markets (NASDAQ:HOOD) by significant investors, with a split sentiment of 50% bullish and 49% bearish. A total of 53 uncommon options trades were spotted, with a price target range of $10.0 to $30.0 over the next three months. The volume and open interest of calls and puts within this range have been analyzed, showing notable trades. Robinhood Markets, known for its financial services platform, has seen its stock price slightly increase to $16.13. Market experts have issued mixed ratings, with a consensus target price of $15.1.

Portfolio Pulse from Benzinga Insights

February 29, 2024 | 8:16 pm

AAPL

AMD

HRL

MARA

SNOW

TLT

Wall Street experienced mixed reactions as inflation cooled in January, with the Nasdaq 100 up 0.4%. AMD surged over 6%, hitting a record high, while Apple dropped 1%. Treasury yields fell, boosting the iShares 20+ Year Treasury Bond ETF. Bitcoin declined over 2%. Notable stock movements included Marathon Digital and Snowflake plummeting, while Hormel Foods soared after exceeding earnings expectations.

Portfolio Pulse from Piero Cingari

February 29, 2024 | 7:30 pm

LVTX

LAVA Therapeutics N.V. has filed a U.S. patent application for 'Single Domain Antibodies Targeting CD1D', indicating progress in their research and development efforts. This move could potentially enhance their intellectual property portfolio and strengthen their position in the biotechnology and pharmaceutical industry.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 7:24 pm

EA

Electronic Arts Inc (NASDAQ:EA) has canceled the development of a Star Wars FPS game featuring a Mandalorian protagonist and laid off about 670 employees, 5% of its workforce, as part of a restructuring effort. The company is shifting focus towards its own IPs and key franchises, including the Star Wars: Jedi, Iron Man, Black Panther, and others. Despite these changes, EA reported positive financial results but expects to incur costs related to the layoffs.

Portfolio Pulse from Franca Quarneti

February 29, 2024 | 7:24 pm