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LGEIY

ROKU

LG Electronics Inc (OTC:LGEIY) has introduced the LG Signature OLED T, a transparent OLED TV, at CES 2024, with plans to release it in the second half of 2024. The innovative TV features a transparent OLED panel and a retractable 'contrast screen' for a traditional picture. The announcement comes as LG faces increased competition in the TV market, particularly from Roku Inc. (NASDAQ:ROKU), which recently entered the high-end TV market. LG Display saw a 17% revenue decline in Q4 2023 due to macroeconomic conditions.

Portfolio Pulse from Benzinga Neuro

January 08, 2024 | 7:44 am

CALT

Calliditas Therapeutics AB reported preliminary Q4 net TARPEYO revenues of $31M-$33M and FY23 net revenues of $100M-$102M, marking a 170% increase YoY. Total FY23 revenues are estimated at $110M-$113M, driven by TARPEYO sales, milestone payments, and royalty income. The company also saw a record number of TARPEYO prescriptions in Q4.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 7:41 am

SHEL

SHEL has updated its 4Q23 outlook, adjusting its production and sales volume estimates. Integrated Gas production is now expected to be 880-920 thousand boe/d, slightly up from the previous range. Upstream production estimates have been narrowed to 1,830-1,930 thousand boe/d, indicating a potential increase at the lower end. Marketing sales volumes are also expected to increase, with the new range being 2,350-2,750 thousand b/d. Additionally, refinery and chemicals utilisation rates have been updated to 78%-82% and 60%-64%, respectively.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 7:32 am

QGEN

QIAGEN (NYSE:QGEN) has received FDA clearance for its NeuMoDx CT/NG Assay 2.0, which is used for detecting bacterial infections caused by Chlamydia trachomatis and Neisseria gonorrhoeae. This approval expands the test menu for the NeuMoDx 96 and 288 Molecular Systems in the U.S., adding to the 16 EU-certified in-vitro diagnostics tests already available in CE-IVD marking countries.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 7:03 am

PHAR

Pharming Group has updated its FY23 guidance, expecting a 19% increase in revenue to approximately $245 million. RUCONEST revenues are projected to grow by 10%, and Joenja revenues are anticipated to be around $18 million. The company's cash and cash equivalents, along with restricted cash and marketable securities, are expected to total $215 million by the end of 2023. CEO Sijmen de Vries highlighted the successful launch of Joenja for APDS in the U.S. and plans for regulatory approvals and commercialization in additional markets, as well as the development of leniolisib for other primary immunodeficiencies.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 6:51 am

GOOG

GOOGL

A security firm, CloudSEK, has discovered a new hacking technique that allows hackers to access Google accounts without passwords by exploiting third-party cookies. The vulnerability, first revealed in October, is being actively tested by hackers and involves a glitch in authentication cookies. Google has responded by securing compromised accounts and improving defenses, recommending users to activate Enhanced Safe Browsing in Chrome. This follows recent security updates to Chrome in December 2023.

Portfolio Pulse from Ananya Gairola

January 08, 2024 | 6:10 am

SHIBUSD

Shiba Inu (CRYPTO: SHIB) burn rate increased by 2500%, with 53.29 million tokens removed from circulation. This follows a year of active community participation in burning SHIB tokens, totaling over 76 billion. The Shiba Inu marketing lead announced incentives for accruing SHIB and LEASH tokens, with 90 million SHIB and LEASH tokens to be distributed in the next four months.

Portfolio Pulse from Mehab Qureshi

January 08, 2024 | 4:11 am

TSLA

Elon Musk, CEO of Tesla Inc (NASDAQ:TSLA), hinted at new products in the pipeline for the company, responding to a tweet by @alex_avoigt. While Musk did not provide specifics, his comment suggests an expansion beyond Tesla's current offerings, which include vehicles, the Supercharger network, and solar products. Tesla's commitment to innovation is reflected in its significant R&D spending, which accounted for 48% of its operating expenses in Q3. Musk has emphasized Tesla's identity as an AI/robotics firm, rather than just an automaker, and has a history of releasing unconventional products across his companies.

Portfolio Pulse from Anan Ashraf

January 08, 2024 | 4:07 am

AAPL

Belkin International Inc. has introduced the Belkin Stand Pro, a motorized iPhone dock that uses Apple Inc.'s DockKit framework to track user movements without a third-party app. Priced at $179.99, it features a 360-degree rotating base, MagSafe-equipped arm, NFC pairing, and supports 15W wireless fast charging. Belkin also announced other products, including an upgraded BoostCharge Pro stand and a new Qi2-enabled power bank, with availability expected in March.

Portfolio Pulse from Ananya Gairola

January 08, 2024 | 3:25 am

TSLA

Tesla Inc (NASDAQ:TSLA) has informed customers that the lowered range estimates for some of its vehicles are due to 'comfort and functionality improvements' and changes in the EPA's range testing guidance. The updated guidance aims to reflect real-world range more accurately. This has led to a decrease in the range for certain Model S and X variants by up to 37 miles, and a nearly 20-mile reduction for higher-end Model Y versions. Customers with pending orders are urged to update their configurations by January 10th or face order cancellation.

Portfolio Pulse from Anan Ashraf

January 08, 2024 | 2:46 am