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GSK

GSK Plc (NYSE:GSK) resolved a U.S. lawsuit related to its heartburn medicine Zantac, avoiding a trial in California. The settlement with plaintiff David Browne was confidential, with no admission of liability by GSK. This follows a similar settlement in October and the resolution of three breast cancer bellwether cases in California. GSK's recent performance and vaccine launches have been positive, despite past issues with Zantac, which was pulled from the market in 2020 due to carcinogenic concerns. GSK shares rose 2.94% to $40.60.

Portfolio Pulse from Vandana Singh

February 01, 2024 | 7:19 pm

MRK

MRNA

MYNZ

PFE

Pfizer Inc (NYSE:PFE) reported a Q4 revenue drop of over 41% to $14.25 billion, missing Wall Street estimates. Despite a net loss, adjusted earnings exceeded expectations. Pfizer's focus shifts to oncology, with significant investments in cancer treatment, including the acquisition of Seagen. Moderna Inc (NASDAQ:MRNA) and Mainz Biomed N.V. (NASDAQ:MYNZ) also made strides in cancer treatment, with Moderna's skin cancer vaccine showing promising results in combination with Merck & Co Inc's (NYSE:MRK) Keytruda. Mainz Biomed reported high accuracy in colorectal cancer detection with its ColoAlert test. Pfizer aims for $4 billion in annual net cost savings and expects new drugs and business deals to drive future growth.

Portfolio Pulse from Upwallstreet

February 01, 2024 | 7:17 pm

IBM

Recent analysis of IBM's options activity reveals a bearish sentiment among investors, with a notable volume of trades focusing on a price range between $135.0 and $200.0. Despite this, IBM's current market performance shows a 1.51% increase in stock price to $186.44. Analysts' opinions on IBM are mixed, with target prices ranging from $143 to $210. The company's significant role in global IT services and transactions is highlighted, emphasizing its impact on the Fortune 500 and global transactions.

Portfolio Pulse from Benzinga Insights

February 01, 2024 | 7:01 pm

COIN

Coinbase, a leading cryptocurrency exchange, has announced a reduction in trading fees for its high-volume traders. This strategic move is aimed at attracting more institutional investors and high-net-worth individuals by making it more cost-effective for them to trade large volumes of cryptocurrency. The decision reflects Coinbase's efforts to enhance its competitiveness and market share in the rapidly evolving digital asset trading landscape.

Portfolio Pulse from Charles Gross

February 01, 2024 | 6:39 pm

JD

Financial analysts have observed a bullish trend in JD.com's (NASDAQ:JD) options trading, with 56% of trades being bullish. The analysis highlighted significant activity in both puts and calls, with a notable price target range of $15.0 to $37.5. JD.com, a leading e-commerce platform, has shown a slight increase in its stock price, with an upcoming earnings announcement. Analysts from Citigroup, Mizuho, and Barclays have given JD.com buy and overweight ratings, with target prices ranging from $35 to $42.

Portfolio Pulse from Benzinga Insights

February 01, 2024 | 6:30 pm

CHRW

CMND

MINM

NVIV

REVB

C.H. Robinson Worldwide, Inc. (CHRW) shares fell over 12% after reporting Q4 financial results below market expectations. Other stocks showed significant movement, with companies like Minim, Inc. (MINM) and Clearmind Medicine Inc. (CMND) experiencing substantial gains. Conversely, Revelation Biosciences, Inc. (REVB) and InVivo Therapeutics Holdings Corp. (NVIV) saw notable declines. The article also highlights stocks that moved due to earnings reports, strategic agreements, and other corporate actions.

Portfolio Pulse from Avi Kapoor

February 01, 2024 | 6:17 pm

LI

NIO

XPEV

In January 2024, Chinese EV makers Li Auto, NIO, and XPeng reported significant delivery figures, showcasing their market performance and strategic directions. Li Auto led with a 105.8% YoY increase in deliveries, totaling 31,165 vehicles. NIO followed with an 18.2% increase, delivering 10,055 vehicles, and XPeng reported an 8,250 vehicle delivery, marking a 58% increase. NIO's strategic partnerships and expansion of its power swap network, XPeng's focus on ADAS technologies, and Li Auto's ambitious growth plans highlight their efforts to dominate the EV market.

Portfolio Pulse from Surbhi Jain

February 01, 2024 | 6:01 pm

ETH-USD

On Wednesday, 4,661.78 Ether (ETH) worth approximately $10.73 million was burned, permanently removing it from circulation. This action is part of the Ethereum blockchain's EIP-1159 upgrade implemented on August 5, 2021, which introduced a variable base fee for transactions that is burned. The current issuance rate of new Ether is 4% annually, expected to decrease to 0.5-1% with the Ethereum 2.0 upgrade, potentially making ETH a deflationary currency. The net annualized issuance rate for Ether was -3.58% yesterday.

Portfolio Pulse from Benzinga Insights

February 01, 2024 | 6:00 pm

AAPL

GOOG

In Q4 2023, Apple Inc. (AAPL) captured a 64% US smartphone market share, driven by iPhone 15 sales, while Android, powered by Alphabet Inc. (GOOG, GOOGL), saw a decline, especially in the sub-$300 segment. Apple's market dominance was further supported by strong holiday sales and strategic pricing of older models. The overall market growth and future outlook are tied to the US economic performance.

Portfolio Pulse from Rounak Jain

February 01, 2024 | 5:25 pm

V

Visa (NYSE:V) has partnered with Transak to enable direct cryptocurrency to fiat withdrawals, allowing users in 145 countries to cash out over 40 cryptocurrencies at 130 million merchant locations. This move, part of Visa's ongoing expansion into cryptocurrency services since 2020, has raised concerns regarding security, user experience, and its impact on the decentralized nature of digital currencies. Despite these concerns, the partnership is seen as a significant step towards mainstream cryptocurrency acceptance, offering users more flexibility and convenience.

Portfolio Pulse from Murtuza Merchant

February 01, 2024 | 5:12 pm