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BYD

Boyd Gaming has acquired Resorts Digital, the online gambling division of Resorts casino in Atlantic City. The acquisition includes ResortsCasino.com, MoheganSunCasino.com, and an unused sports betting skin. Resorts Digital has significantly outperformed the physical casino in terms of revenue and profitability.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 5:59 pm

REE

REE Automotive shares are trading higher after announcing a partnership with Roush Industries to assemble its P7 electric trucks, starting in Q4 2024. The collaboration aims to optimize production costs and reduce market entry times.

Portfolio Pulse from Dylan Berman

September 23, 2024 | 5:56 pm

CMPS

CYBN

MNMD

TLRY

The DEA is proposing significant increases in production quotas for marijuana compounds and psychedelics like psilocybin and ibogaine to support research and clinical trials. This move reflects growing interest in these substances for medical and scientific purposes.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 5:41 pm

ASMB

Assembly Biosciences' investigational herpes treatment, ABI-5366, shows promising antiviral efficacy and safety in Phase 1a trials. The drug demonstrated a favorable safety profile and exceeded target plasma concentrations for efficacy. The company is progressing to Phase 1b trials.

Portfolio Pulse from Vandana Singh

September 23, 2024 | 5:39 pm

MULN

Mullen Automotive's subsidiary, Bollinger Motors, has produced its first customer-ready B4 electric truck in Michigan, marking a significant milestone. Despite this achievement, Mullen Automotive's shares are trading lower, down 8.5% at $6.11. Bollinger Motors has partnered with Roush Industries for production, leveraging Roush's expertise in e-mobility. The B4 truck is aimed at the commercial fleet market, with a focus on electrification.

Portfolio Pulse from Lekha Gupta

September 23, 2024 | 5:25 pm

CIEN

INTC

QCOM

TSLA

VKTX

US stocks opened the week flat as investors await clarity on economic and political fronts. Gold hit record highs, while Tesla surged 4% amid a proposed export ban on Chinese vehicles. Intel rose on Qualcomm takeover rumors, and Ciena received a double upgrade from Citigroup.

Portfolio Pulse from Piero Cingari

September 23, 2024 | 5:20 pm

TXN

High-rolling investors are showing a bullish trend in options trading for Texas Instruments (NASDAQ:TXN), with 63% of trades being bullish. The focus is on a price range of $190 to $210. This activity suggests potential insider information and could impact TXN's stock price.

Portfolio Pulse from Benzinga Insights

September 23, 2024 | 5:16 pm

NVO

Novo Nordisk's CEO, Lars Fruergaard Jørgensen, will face the U.S. Senate Committee on Health, Education, Labor, and Pensions regarding the high prices of Ozempic and Wegovy. The hearing, led by Senator Bernie Sanders, will scrutinize the company's pricing strategy, which is significantly higher in the U.S. compared to other countries. Novo Nordisk is expected to defend its pricing by citing insurance coverage and development costs, despite criticism and potential inclusion in Medicare's negotiated drug prices.

Portfolio Pulse from Vandana Singh

September 23, 2024 | 5:11 pm

AMZN

GOOGL

MSFT

NVDA

DA Davidson analyst Gil Luria downgraded Microsoft to Neutral, citing increased competition from Amazon and Google in AI and cloud services. Microsoft's lead in AI has diminished, impacting its premium valuation. The company faces challenges in maintaining its growth and margins.

Portfolio Pulse from Anusuya Lahiri

September 23, 2024 | 5:10 pm

SONO

Snap One has extended its partnership with Sonos to distribute Sonos products in Australia and New Zealand through ADI Distribution. This expansion offers growth opportunities for integrator partners and enhances the availability of Sonos products in the region.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 5:08 pm