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CYTK

NVS

Cytokinetics Inc (NASDAQ:CYTK) shares have risen due to reports of advanced takeover talks with Novartis AG (NYSE:NVS). The acquisition, potentially valued at around $9 billion, could be finalized soon but may still face uncertainties such as other bidders or deal collapse. The interest in Cytokinetics follows their promising trial results for aficamten, which boosted their stock by over 60% in December.

Portfolio Pulse from Vandana Singh

January 08, 2024 | 7:24 pm

PCRFY

TSLA

Panasonic has reaffirmed its plans to build a third electric vehicle (EV) battery plant in the United States, according to a Nikkei report. This move is part of Panasonic's strategy to meet the growing demand for EV batteries, particularly from major automakers in the U.S. market.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 7:22 pm

HMC

Honda (HMC) is set to meet with the Canadian federal government this week amid reports of a potential deal to establish an electric vehicle (EV) plant. The meeting and emerging reports suggest that Honda may be expanding its EV production capabilities in Canada, which could signal a significant investment in the country's automotive sector and a commitment to the EV market.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 7:09 pm

CLRB

Cellectar Biosciences' stock is up following the announcement that its CLOVER WaM study successfully met its primary endpoint.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 7:03 pm

BFLY

Butterfly Network's stock is trading higher following the announcement of FDA clearance for its new handheld ultrasound system, Butterfly iQ3.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 7:01 pm

PRAX

Praxis Precision Medicines' stock is trading higher following the company's update on its portfolio and announcement of key milestones expected to be reached in 2024.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 6:58 pm

BYDDF

BYDDY

NIO

TSLA

XPEV

Goldman Sachs analyst Tina Hou initiated coverage on Nio Inc (NYSE:NIO) with a 12-month price target of $8.40, citing potential cost tailwinds and a light new model pipeline. Despite Nio's early mover advantage and premium brand, it faces declining market share and growth challenges against competitors like Tesla (TSLA), Li Auto (LI), XPeng (XPEV), and BYD (BYDDF, BYDDY). Nio's recent funding has eased immediate concerns, but positive FCF is not expected until post-2026. Risks include brand performance, battery price volatility, industry demand, competitive landscape, and liquidity issues. Nio's stock was slightly down at $8.05.

Portfolio Pulse from Surbhi Jain

January 08, 2024 | 6:54 pm

AMZN

GETY

NVDA

At CES 2024, NVIDIA Corp (NASDAQ:NVDA) showcased new products and partnerships, including the Avatar Cloud Engine (ACE), GeForce RTX 40 Super Series GPUs, and collaborations with Getty Images, Tencent, and others. NVIDIA's stock reached all-time highs, reflecting its strong performance and market capitalization of $1 trillion. The company also announced its involvement in the automotive sector with Li Auto (NASDAQ:LI) using NVIDIA DRIVE Thor, and enhanced broadcasting features for Twitch, owned by Amazon.com, Inc. (NASDAQ:AMZN). Getty Images Holdings (NYSE:GETY) is utilizing NVIDIA Picasso for its iStock generative AI service.

Portfolio Pulse from Chris Katje

January 08, 2024 | 6:46 pm

SMX

Security Matters is set to be granted U.S. Patent Number 11,867,645, titled 'System And Method For Detection And Identification Of Foreign Elements In A Substance By X-Ray Or Gamma-Ray Detection And Emission'. The patent issuance will occur tomorrow.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 6:38 pm

CMCSA

DIS

DKNG

FOX

FOXA

PARA

PARAA

The NFL Playoffs are set to begin, with media companies like Comcast, Paramount Global, Fox Corporation, and Walt Disney Co broadcasting the games. DraftKings Inc provides betting odds, including for a potential Super Bowl LVIII matchup predicted by Electronic Arts' Madden 24 game. The top seeds are the San Francisco 49ers and Baltimore Ravens, with the Detroit Lions, Houston Texans, and Cleveland Browns seeking their first Super Bowl appearances. Super Bowl LVIII ads are selling for $6-7 million for a 30-second slot, indicating high revenue potential for the broadcasters.

Portfolio Pulse from Chris Katje

January 08, 2024 | 6:29 pm