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ACON

Aclarion, Inc. has been granted an Australian patent (No. 2021254588) for a Magnetic Resonance (MR) Spectroscopy System and Method for diagnosing painful and non-painful intervertebral discs. This patent could potentially enhance Aclarion's product offerings and market reach in the medical diagnostics field, particularly in the area of back pain diagnosis.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 6:02 pm

CYTK

Cytokinetics, Incorporated (NASDAQ:CYTK) is set to present new data from the FOREST-HCM CMR Sub-study on the effect of Aficamten on patients with Obstructive Hypertrophic Cardiomyopathy at CMR 2024. The presentation by Dr. Ahmad Masri will take place on January 25, 2024, during the 'Rapid Fire – Large Clinical Trials and Registries' session in London.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 6:01 pm

ETHUSD

On Wednesday, 7,635.20 Ether (ETH) valued at $18.85 million was burned due to the EIP-1159 upgrade implemented on the Ethereum blockchain, which introduced a variable base fee for transactions that is permanently removed from circulation. This has led to a net annualized issuance rate of -8.51% for Ether, indicating a deflationary trend, especially with the upcoming Ethereum 2.0 upgrade expected to further reduce the issuance rate.

Portfolio Pulse from Benzinga Insights

January 18, 2024 | 6:00 pm

META

NVDA

Mark Zuckerberg, CEO of Meta, announced that by the end of the year, Meta will possess approximately 350,000 Nvidia H100 GPUs and around 600,000 H100 equivalent GPUs, including other models.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 5:56 pm

PNST

Pinstripes, a restaurant-bowling-bocce concept, is planning to expand overseas through partnerships. The CEO announced the company's intention to open six to eight new locations annually.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 5:56 pm

META

Mark Zuckerberg, CEO of Meta Platforms, announced the consolidation of the company's two AI research groups, FAIR and GenAI, into a single unit. This move is aimed at enhancing the synergy between the teams and accelerating AI innovation within the company.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 5:55 pm

BMY

LLY

NOVO

PFE

Drugmakers have raised prices for popular diabetes treatments Ozempic and Mounjaro, used off-label for weight loss, in 2024. Novo Nordisk's Ozempic increased by 3.5% to nearly $970, and Eli Lilly's Mounjaro by 4.5% to around $1,070. The increases are above the 3.4% consumer price inflation rate of December. The industry justifies price hikes with rising R&D costs, but critics argue for policies ensuring fair pricing. Other drugs, like Eliquis by Bristol-Myers Squibb and Pfizer, also saw a 6% price increase to $594. Price hikes may be moderated due to political pressure and penalties for exceeding inflation rates.

Portfolio Pulse from Neil Dennis

January 18, 2024 | 5:48 pm

BLK

JPM

Franklin Templeton, a $1.5 trillion fund, handed over its Twitter account to its Digital Assets Research Team, which posted memes and bullish takes on cryptocurrencies like Bitcoin and Solana. This reflects a broader culture shift in traditional finance towards embracing cryptocurrency culture. The fund's actions, including adding 'laser eyes' to its avatar and discussing a potential Solana ETF, indicate a growing accommodation of crypto by traditional financial institutions. Industry figures like Nic Carter and Emin Gün Sirer reacted to the event, while BlackRock CEO Larry Fink and JPMorgan CEO Jamie Dimon expressed support for tokenization.

Portfolio Pulse from Ivan Crnogatić

January 18, 2024 | 5:44 pm

HMC

Shares of Honda Motor Company, Ltd. (NYSE:HMC) are rising after American Honda provided a positive outlook for its U.S. automobile business for 2024. The company expects sales of up to 1.3 million units for the Honda brand and 150,000 units for the Acura brand, indicating a 10%-15% increase compared to 2023. American Honda ended 2023 with 1.3 million units in sales, a 33% increase year-over-year. The Honda CR-V hybrid was the best-selling hybrid vehicle in the U.S. in 2023. The company plans to capitalize on hybrid models, light trucks, and begin sales of high-volume BEV models in 2024.

Portfolio Pulse from Nabaparna Bhattacharya

January 18, 2024 | 5:41 pm

ALK

BA

SPR

UAL

The FAA has completed inspections on 40 Boeing 737 MAX 9 jets, a step towards ungrounding the model after a cabin panel blowout on an Alaska Air Group jet. Alaska Airlines and United Airlines Holdings have canceled thousands of flights due to the incident. Boeing's CEO and Spirit Aerosystems Holdings, the panel supplier, addressed the issue with employees. The NTSB and FAA are investigating the incident, with a focus on the manufacturing process of the door plug. Wall Street analysts generally rate Boeing as a Buy, with a positive outlook based on recent stock performance and revenue growth. Boeing shares are up 3.26% at $209.68.

Portfolio Pulse from Vandana Singh

January 18, 2024 | 5:25 pm