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GMINF

RGDFF

G Mining Ventures (GMINF) is acquiring Reunion Gold's (RGDFF) Oko West gold project in Guyana for $638 million in an all-share deal. This acquisition enhances G Mining's position in South America and its status as an intermediate gold producer. The Oko West project, a significant gold discovery, has substantial gold resources. Additionally, G Mining and Reunion Gold plan to spin off Reunion's other assets into a new company, SpinCo, focusing on gold properties exploration.

Portfolio Pulse from Stjepan Kalinic

April 23, 2024 | 2:35 pm

INNPF

Innocan Pharma Corporation has initiated the FDA approval process for its Liposome-Cannabidiol (LPT-CBD) injectable treatment for chronic pain by submitting a Pre-IND meeting letter. The company's LPT-CBD technology, which has shown efficacy in pre-clinical trials, represents a significant step towards offering a non-opioid alternative for pain management. With the opioid crisis escalating, Innocan's therapy could provide a safer option for patients, tapping into a market expected to exceed $100 billion by 2032.

Portfolio Pulse from Jelena Martinovic

April 23, 2024 | 2:24 pm

WVE

GSK has initiated the first two oligonucleotide programs with Wave Life Sciences, providing a $12M initiation payment. This marks a significant advancement in their collaboration, focusing on Wave's next-generation GalNAc-siRNA format aimed at achieving best-in-class potency and durability. The collaboration encompasses various modalities, including RNA editing across multiple therapy areas. Additionally, Wave plans to start a clinical trial for its INHBE program targeting obesity by 1Q 2025, utilizing its siRNA technology.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 2:22 pm

Philip Morris International Inc (NYSE:PM) reported a 9.7% year-on-year sales growth for Q1 FY24, with revenues of $8.793 billion surpassing analyst estimates. The company's smoke-free business contributed to 39% of total net revenues, with a notable 20.9% growth in Heated Tobacco unit shipments. Adjusted EPS of $1.50 exceeded expectations, and the company saw a slight increase in Marlboro cigarette shipments. Despite cutting its FY24 adjusted EPS outlook, Philip Morris raised its organic revenue growth guidance and saw its shares rise by 2.98% to $96.86.

Portfolio Pulse from Shivani Kumaresan

April 23, 2024 | 2:21 pm

AAPL

GOOGL

META

MSFT

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo for April 23rd, 2024, provides a trade strategy for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA, based on a proprietary formula considering price, volume, and options flow. It offers detailed analysis for each asset, including potential price targets for bullish and bearish scenarios. The memo also highlights the importance of monitoring these stocks for breakouts or reversals and adjusting tactics accordingly. Additionally, it mentions upcoming economic data releases and earnings reports that could impact market volatility.

Portfolio Pulse from RIPS

April 23, 2024 | 2:17 pm

PRTH

Priority Technology Holdings, Inc. (PRTH) and Ahrvo Labs have announced a strategic technology partnership, focusing on integrating CPX technology to enhance Ahrvo Labs' payment capabilities for its data compliance customers. This collaboration aims to leverage Priority's innovative payment technology to streamline and secure transactions for Ahrvo's clientele, potentially leading to improved operational efficiencies and customer satisfaction.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 2:14 pm

MMTLF

SRUUF

Madison Metals CEO Duane Parnham highlights the strong support for uranium prices due to increased global demand for nuclear power amid climate change concerns and a shift towards net zero emissions. With 60 reactors under construction and 110 planned, the demand for uranium is expected to rise significantly, contrasting with the past decade's slump in uranium prices and mine development. The Sprott Physical Uranium Trust has notably impacted the market by amassing a large amount of uranium, contributing to price volatility. Recent M&A activity in the uranium sector is driven by the higher uranium prices, indicating a bullish outlook for the industry.

Portfolio Pulse from Matt Whittaker

April 23, 2024 | 2:10 pm

AAPL

Apple is reportedly in the process of developing its own custom silicon designed specifically for AI servers, according to a Mac Rumors report. This move could signify Apple's deeper foray into artificial intelligence, potentially reducing its reliance on third-party processors for AI tasks.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 2:06 pm

IBRX

The FDA approved ImmunityBio Inc's Anktiva for BCG-unresponsive non-muscle invasive bladder cancer, marking a significant advancement in immunotherapy. The approval follows a previous FDA complete response letter and is based on promising clinical results, including a 62% complete response rate. Anktiva, a first-in-class IL-15 agonist, is expected to be available in the U.S. by mid-May 2024. Following the announcement, IBRX shares rose by 4.65% to $5.17.

Portfolio Pulse from Vandana Singh

April 23, 2024 | 1:54 pm

KULR

KULR Technology Group's stock is trading higher following the announcement that the company has fulfilled an urgent order for a power cell battery deployment for AI-enabled drone and advanced air mobility missions in Ukraine.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 1:50 pm