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RCEL

AVITA Medical has entered into an exclusive distribution agreement with Stedical Scientific for the PermeaDerm Biosynthetic Wound Matrix in the United States. This agreement could potentially enhance AVITA's market presence in the US wound care market by providing a new product offering.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 9:04 pm

IVA

Inventiva (NASDAQ:IVA) has drawn down the second €25 million tranche of its loan agreement with the European Investment Bank to fund its NATiV3 Phase III clinical trial for lanifibranor in NASH patients. The loan has a 7% interest rate, a 3-year maturity, and repayment is expected after the trial results in H1 2026. The funds extend Inventiva's cash runway until Q3 2024. The company issued 3,144,654 warrants to EIB with an exercise price of €3.95, potentially raising €12,421,383 if exercised.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 9:03 pm

ATNF

180 Life Sciences Corp. has been granted a European patent for a method of treating localized fibrotic disorders using an IL-33 antagonist. This patent could potentially strengthen the company's intellectual property portfolio and provide a competitive edge in the treatment of fibrotic diseases in the European market.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 9:00 pm

NCBDY

Brian Cox, known for his role in Succession, has partnered with Bandai Namco Holdings ADR (OTC:NCBDY) to narrate a five-minute recap of the Tekken series for newcomers, ahead of the release of 'Tekken 8'. The humorous recap simplifies the game's complex narrative, focusing on the theme of characters throwing each other off cliffs. The promotional video has been well-received, with fans enjoying the connection between Tekken's themes and Cox's portrayal of Logan Roy in Succession. Celebrity involvement in video game promotions is highlighted, with 'Tekken 8' set to release on January 26.

Portfolio Pulse from Franca Quarneti

January 10, 2024 | 8:53 pm

BYDDY

F

GM

HMC

HYMTF

NSANY

TSLA

In Q4 2023, BYD Company Limited (OTC:BYDDY) outsold Tesla Inc (NASDAQ:TSLA) in EV sales for the first time, although Tesla met its annual goal with 1.8 million deliveries. Hyundai Motor Group (OTC:HYMTF) surpassed GM (NYSE:GM) and Ford (NYSE:F) in U.S. EV sales, with Hyundai and Kia gaining 7.5% of the U.S. market. Honda Motor Co Ltd (NYSE:HMC) and Nissan Motor Group Co Ltd (OTC:NSANY) also reported increased sales. Honda is considering a new EV plant in Canada and has partnered with GM for affordable EVs. Nissan is expanding its global EV presence and focusing on R&D with Tsinghua University.

Portfolio Pulse from Upwallstreet

January 10, 2024 | 8:52 pm

DIS

The Walt Disney Company (NYSE:DIS) is set to boost its box office and Disney+ streaming platform with a new Star Wars movie, 'The Mandalorian & Grogu,' directed by Jon Favreau. Despite Disney's stock hitting nine-year lows and a lack of $1 billion grossing movies in 2023, the introduction of Baby Yoda to the big screen and the development of a second season of 'Ahsoka' for Disney+ could provide a much-needed lift. No release date is set for the new film, but Disney has several Star Wars films scheduled for release from 2025 to 2027.

Portfolio Pulse from Chris Katje

January 10, 2024 | 8:48 pm

MSFT

Microsoft Corporation (NASDAQ:MSFT) stock is trading higher due to recent developments in artificial intelligence and its investment in OpenAI. Microsoft's Quantum team has discovered a new material for solid-state battery electrolytes using AI, and the company is introducing an AI feature in Windows 11's Notepad. The European Commission is assessing Microsoft's $16 billion investment in OpenAI for potential review under EU Merger Regulation. MSFT shares are currently trading above their 50-day moving average and near their 52-week high.

Portfolio Pulse from Erica Kollmann

January 10, 2024 | 8:46 pm

AMZN

SOFI

Deutsche Bank analyst Mark Devries initiated coverage on SoFi Technologies, Inc (SOFI) with a Hold rating and a price target of $11, citing limited visibility on tech platform growth. SoFi, an online bank with various personal finance solutions, trades more like a tech company despite revenues from consumer lending. The company is 45% owned by retail shareholders, contributing to volatility. Keys to 2024 include technology sales growth and profitability. SoFi's banking services are compared to Amazon's AWS, with the need for strong growth in their Technology platform. The analyst projected Q4 revenue and EPS slightly below consensus.

Portfolio Pulse from Anusuya Lahiri

January 10, 2024 | 8:46 pm

ARKK

BTCUSD

Cathie Wood, CEO of ARK Invest, anticipates the potential approval of the Ark21Shares Bitcoin ETF (ticker 'ARCB') as a significant event for Bitcoin. She targets $4 billion in inflows from institutional investors, despite a longer due diligence process. Wood remains optimistic about the future of digital asset ETFs, though acknowledges the SEC's role in the process. She previously predicted a $1 million Bitcoin price in the next 5-7 years.

Portfolio Pulse from Khyathi Dalal

January 10, 2024 | 8:39 pm

OGN

Organon's stock (OGN) is trading higher following the announcement that XACIATO 2%, a prescription medication, is now available.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 8:29 pm