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NRXP

NRx Pharmaceuticals' stock price has increased following the announcement that the FDA has cleared its Investigational New Drug (IND) application for NRX-101.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 4:44 pm

GOLF

MODG

NKE

Tiger Woods' ambiguous comments about his relationship with Nike Inc (NYSE:NKE) have sparked rumors of a potential breakup after a 30-year affiliation. Woods has been seen wearing FootJoy shoes, owned by Acushnet Holdings Corp (NYSE:GOLF), instead of Nike's, especially after his 2022 car accident. Nike's golf apparel sales soared after Woods' 1997 Masters victory, and the company's stock has significantly appreciated since Woods' endorsement began in 1996. Nike may be considering exiting several golf sponsorships, with Woods' current deal expiring at the end of the year. Topgolf Callaway Brands (NYSE:MODG) could be among the companies interested in Woods if he parts ways with Nike.

Portfolio Pulse from Chris Katje

December 18, 2023 | 4:44 pm

LNTH

PNT

POINT Biopharma's stock is trading lower following the announcement of topline results from the phase 3 SPLASH study for metastatic castration-resistant prostate cancer, conducted in collaboration with Lantheus.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 4:34 pm

BMRA

Biomerica, Inc. has received FDA 510(k) clearance for its H. pylori test, Hp Detect ELISA, causing its stock to trade higher.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 4:28 pm

NVO

A study has linked the brain impact of Ozempic, a diabetes medication, to potential benefits in heart disease. The findings suggest that the drug's effect on the brain could be contributing to its cardiovascular benefits. Ozempic is manufactured by Novo Nordisk (NVO).

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 4:24 pm

AMD

Advanced Micro Devices (NASDAQ:AMD) has seen a surge in options activity, with a bearish sentiment prevailing among investors. Analysis of 21 trades reveals 38% bullish and 61% bearish positions, with a focus on strike prices between $105 and $220. Notable trades include bearish calls for February 2024 and June 2024, and bullish calls for June 2024 and December 2023. AMD's stock is slightly down with a potential overbought RSI indicator. Analysts have set an average price target of $161.4, with varying recommendations from Buy to Strong Buy. AMD's recent acquisition of Xilinx diversifies its business, particularly in data centers and automotive markets.

Portfolio Pulse from Benzinga Insights

December 18, 2023 | 4:16 pm

PCT

PureCycle Technologies' stock is trading lower following the announcement of mechanical issues at its Ironton facility, which has led to maintenance work being carried out.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 4:14 pm

IVVD

Invivyd's stock price has increased following the announcement of positive initial results from its CANOPY Phase 3 trial of VYD222.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 4:09 pm

GSK

GSK plc's Jemperli (dostarlimab) in combination with chemotherapy and Zejula (niraparib) met its primary endpoint in a phase 3 trial for advanced or recurrent endometrial cancer. The trial showed a significant benefit in progression-free survival, especially in patients with MMRp/MSS tumors. The safety profile was consistent with the individual drugs' known profiles. Endometrial cancer cases are rising, and MMRp/MSS cancer has limited treatment options. GSK's stock rose 1.18% on this news.

Portfolio Pulse from Vandana Singh

December 18, 2023 | 3:28 pm

ARTY

ASTR

Upbit and OKX, two major cryptocurrency exchanges, have listed new tokens, Astar (ASTR) and Artyfact (ARTY), respectively. ASTR is now paired with the Korean Won on Upbit, while ARTY has been added to OKX's spot trading markets. ASTR's utility in the blockchain ecosystem and its 81.75% gain in 24 hours highlight its growing relevance. ARTY's introduction to OKX spotlights the increasing interest in gaming and finance (GameFi) within the crypto market. Both listings could drive adoption and utility for these tokens.

Portfolio Pulse from Murtuza Merchant

December 18, 2023 | 3:14 pm