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ALPN

Alpine Immune Sciences has amended its 2020 agreement with AbbVie regarding acazicolcept. The amendment halts new enrollment in the phase 2 study for systemic lupus erythematosus. Final analysis is expected by end of 2024. AbbVie retains an option to license acazicolcept, exercisable upon receiving a data package from Alpine.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 9:22 pm

GLDD

Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) announced that its MARAD Title XI Financing application for the offshore wind rock installation vessel, the Acadia, has been updated to 'Completed', signaling progress towards final approval. The company has a strong relationship with MARAD and is advancing in the U.S. offshore wind market. The Acadia, being built by Philly Shipyard, Inc., is a U.S.-flagged Jones Act compliant vessel, and one of only four in the world with its capabilities. Despite some market turbulence, Great Lakes has secured multiple U.S. contracts and continues to bid on projects, supporting the Biden Administration's renewable energy goals.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 9:13 pm

GILD

The FDA has approved a label update for Yescarta, a CAR T-cell therapy by Kite, a Gilead Sciences subsidiary. The update includes overall survival data from the ZUMA-7 study, showing a 27.4% reduction in the risk of death and a 38% improvement in overall survival (OS) compared to the standard of care (SOC).

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 9:06 pm

ETAO

ETAO International Co. Ltd. has appointed Ryoshin Nakade as the president of ETAO Japan, effective November 22, 2023. Ryoshin Nakade has a diverse background, including roles as chairman of Tokyo Robot Co., Ltd, a founding member of Lawyer Corporation AURA, and a researcher at Japan University of Economics. His appointment is expected to enhance ETAO's 'Buy Build and Expand' and 'Online Merging Offline' strategies in the Asian market and accelerate the development and market penetration of ETAO's integrated healthcare services.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 9:03 pm

TAK

Takeda has received approval from China's NMPA for LIVTENCITY (maribavir) to treat adults with post-transplant CMV refractory to prior therapies. LIVTENCITY is the first and only CMV-specific UL97 protein kinase inhibitor in China for this indication and was granted Breakthrough Therapy Designation by the CDE in 2021.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 9:01 pm

COIN

USDCUSD

France is encouraging crypto companies to establish operations within its borders by offering regulatory clarity. Circle has received conditional registration as a digital asset service provider from France's AMF, with the condition of obtaining a payment services provider license. Circle has appointed Coralie Billmann to lead its French operations. Coinbase Global Inc has been registered as a Virtual Asset Services Provider in France, allowing it to offer a range of crypto services. Both companies are positioning themselves ahead of the EU's MiCA legislation, which will be effective in 2024.

Portfolio Pulse from Khyathi Dalal

December 21, 2023 | 8:31 pm

TNON

Tennon Medical's stock price has increased following the company's filing of a U.S. Patent Application for 'Systems For Sacroiliac (SI) Joint Stabilization'.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 8:21 pm

TSLA

A Tesla Electric customer in Texas reported receiving a credit of $1,098.76 for their electricity in 2023, which they can cash out. The customer's home is equipped with three Powerwall+ batteries, and they only received one electricity bill for $12.44 throughout the year. Tesla Electric, which is currently exclusive to Powerwall owners in Texas, allows homeowners to buy and sell electricity. Tesla is planning to expand this service to other markets, including Australia. The company's growth in solar energy and utilities could positively influence its stock value.

Portfolio Pulse from Chris Katje

December 21, 2023 | 8:07 pm

AAPL

Apple Inc. is currently unable to repair older out-of-warranty Apple Watch models due to a ban. The ban specifically affects the Apple Watch Series 9 and Ultra 2, leaving customers with these models without the option for official repairs. This situation may impact customer satisfaction and could potentially affect Apple's after-sales service reputation.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 7:25 pm

GM

General Motors has announced that two of its electric vehicles, the Cadillac Lyriq and Chevrolet Blazer EV, are expected to temporarily lose eligibility for the U.S. electric vehicle tax credit starting January 1, according to a company statement.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 7:24 pm