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TIVC

Tivic Health Systems, Inc. (NASDAQ:TIVC) shares surged on heavy trading volume ahead of its Q3 financial results report, despite no company-specific news. The company is expected to report a loss of $7.00 per share and revenue of $780 thousand. Tivic Health Systems is a health technology company with its first commercial product, ClearUP Sinus Relief, designed for non-invasive sinus pain and congestion relief.

Portfolio Pulse from Erica Kollmann

November 13, 2023 | 4:54 pm

GSK

The European Medicines Agency's CHMP has recommended approval of GSK plc's momelotinib for treating splenomegaly or symptoms in bone marrow cancer patients. The drug is for patients with myelofibrosis who are either Janus kinase inhibitor naïve or have been treated with ruxolitinib. The recommendation is based on data from the MOMENTUM study and SIMPLIFY-1 phase 3 trial. If approved, momelotinib, to be named Omjjara in the EU, would be the only medicine for myelofibrosis patients with moderate to severe anemia in the EU. GSK's stock saw a slight increase following the news.

Portfolio Pulse from Vandana Singh

November 13, 2023 | 4:44 pm

ABT

DXCM

MDT

PEN

PODD

TNDM

Medical device and diabetes care stocks are trading higher following the presentation of SELECT data by Novo Nordisk. Raymond James commented that the data presented did not contain major surprises and could be considered as 'modestly de-risking' for the sector.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 4:38 pm

TSLA

Tesla Inc (TSLA) is expanding its Supercharger network through partnerships with major gas station operators. After a $100 million deal with BP, Tesla has now partnered with EG Group to sell Supercharger hardware for deployment at EG's gas stations. This marks a strategic shift for Tesla, moving towards selling its charging technology to third parties. EG Group will integrate Tesla's chargers into its 'evpoint' brand across the UK and Europe, with the network open to all drivers and supporting the Plug and Charge protocol.

Portfolio Pulse from Benzinga EV Insights

November 13, 2023 | 4:29 pm

BTCUSD

Jay Biancamano believes that the approval of a Bitcoin ETF will have a 'halo effect', positively influencing the perception of the technology behind it, although it won't alter the stance of regulators. This could lead to increased appreciation of the technology by asset management firms.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 4:15 pm

KYMR

Kymera Therapeutics announced positive Phase 1 trial results for KT-474, published in Nature Medicine. KT-474, an IRAK4 degrader, showed robust degradation and pathway inhibition with a favorable safety profile in HS and AD patients. The trial indicated a reduction in inflammatory biomarkers and improvement in symptoms. Sanofi is conducting Phase 2 trials of KT-474 for HS and AD. Kymera's stock symbol is KYMR.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 4:04 pm

AMP

CMA

Ameriprise Financial, Inc. (AMP) and Comerica, Inc. (CMA) have completed an arrangement making Ameriprise the new investment program provider for Comerica. The partnership involves around 100 financial advisors and $18 billion in assets, enhancing Comerica's wealth management offerings with Ameriprise's services, technology, and investment solutions. Comerica's wealth management division manages about $195 billion in assets, with $18 billion previously managed by its securities business now supported by Ameriprise.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 4:03 pm

COIN

Kevin O'Leary, Chairman of O'Shares ETFs, emphasized the need for regulatory clarity before getting excited about a Bitcoin ETF. He stated that institutions are ready to buy Bitcoin but are waiting for a compliant exchange, suggesting Coinbase Global Inc (COIN) as a leading candidate. O'Leary believes a spot Bitcoin ETF is over a year away due to SEC Chair Gary Gensler's stance. He also highlighted the challenges of 24/7 trading for institutional rebalancing. Bitcoin's price was down slightly at the time of the article.

Portfolio Pulse from Adam Eckert

November 13, 2023 | 3:54 pm

SPY

Benzinga's Fintech Deal Day event featured a segment titled 'Private Banking Reimagined By M1'. The event was livestreamed and can be accessed through the provided link.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 3:37 pm

IDT

Tori Samples, Senior Product Manager at Stellar Development Foundation, will speak at Benzinga's Future Of Digital Assets conference. She discusses the role of blockchain in providing financial services to displaced and marginalized populations. Samples highlights the success of Boss Money, a digital wallet for refugees and migrants in Africa, which was acquired by IDT Corporation in 2022. She also mentions Stellar Aid Assist, a tool for humanitarian organizations to send funds efficiently using blockchain technology. Samples emphasizes the importance of focusing on user benefits rather than the technology itself for wider adoption.

Portfolio Pulse from Tori Samples

November 13, 2023 | 3:36 pm