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PESI

Perma-Fix Environmental Services, Inc. (PESI) shares surged following the announcement of successful pilot plant testing for the destruction of Per- and Polyfluorinated Substances (PFAS). This development marks a significant step in addressing environmental concerns related to PFAS, which are persistent pollutants.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 2:42 pm

SPOT

Spotify Technology S.A. (NYSE:SPOT) shares surged on reports of planned subscription price increases in several key markets, including the UK, Australia, Pakistan, and later in the U.S. The price hike, aimed at covering audiobook costs, is expected to be $1 to $2 per month. Spotify also plans to introduce a new basic subscription excluding audiobooks. Shares were up 5.68% at $284.88.

Portfolio Pulse from Adam Eckert

April 03, 2024 | 2:30 pm

BA

EADSY

Airbus SE (OTC:EADSY) reported a 12% increase in aircraft deliveries during Q1, reaching 142 aircraft, aligning with Q1 2022 levels but falling short of its own expectations by about six planes. Despite challenges, including seat shortages for wide-body jets and delivery delays for the A321, Airbus aims for 800 deliveries in 2024. Boeing Co (NYSE:BA) faces production constraints due to regulatory issues. Airbus will update on its delivery performance on April 9.

Portfolio Pulse from Shivani Kumaresan

April 03, 2024 | 2:29 pm

IBM

NVDA

CONF3RENCE 2024 and BLOCKCHANCE have partnered to create a premier Web3 event in Europe's Ruhr area, aiming to bridge the traditional economy with Web3 and AI sectors. Scheduled for May 15-16 at Signal Iduna Park, the event will feature over 150 speakers, including representatives from the European Central Bank, NVIDIA, Animoca Brands, IBM, and Litecoin, among others. The conference will host panel discussions, workshops, and offer networking opportunities, with a focus on blockchain and AI technologies.

Portfolio Pulse from Jose Rodrigo Safdiye

April 03, 2024 | 2:25 pm

JNJ

NVDA

SWAV

The PCE Index report, seen as a key inflation metric by the Federal Reserve, showed mixed signals, leading to debates among hawks and doves regarding interest rate directions. Shockwave Medical ($SWAV) received a takeover offer from Johnson & Johnson (NYSE:JNJ), significantly boosting its stock price. Enrique Abeyta highlighted a technical indicator predicting stock market trends. Nvidia ($NVDA) lost a $750MM order to Samsung, marking its first loss of the year. Consumer confidence remains stable, but future expectations suggest a potential recession.

Portfolio Pulse from Gary Brode

April 03, 2024 | 2:23 pm

RVSN

Rail Vision Ltd. (NASDAQ:RVSN) shares rose after announcing an order for its AI-driven Switch Yard System from Loram, marking the start of a pilot project aimed at improving rail track maintenance. Success could lead to broader integration of Rail Vision's solutions in Loram's services nationwide. Despite a 71% loss in the past year, RVSN shares increased by 4.97% to $2.1099.

Portfolio Pulse from Nabaparna Bhattacharya

April 03, 2024 | 2:18 pm

F

SPOT

VGK

Eurozone March inflation showed a decrease, contributing to a positive outlook for the region's economy. Ford reported an increase in electric vehicle (EV) sales, indicating strong demand and growth in the EV sector. Spotify is reportedly raising its prices, which could impact its subscriber growth and revenue.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 2:06 pm

ABBV

FGEN

FibroGen Inc (NASDAQ:FGEN) released early data from a Phase 1 study of FG-3246 for prostate cancer, showing promising results. The study, sponsored by Fortis Therapeutics, indicated significant PSA reductions and partial responses in patients. Despite adverse events similar to other MMAE-based ADCs, the efficacy metrics are encouraging. William Blair suggests further exploration, noting plans to improve FG-3246's effectiveness, including a dosing scheme inspired by AbbVie Inc's (NYSE:ABBV) Elahere. FibroGen plans to consult with the FDA and start a Phase 2 study later this year. FGEN shares dropped 18.30% to $1.77.

Portfolio Pulse from Vandana Singh

April 03, 2024 | 2:02 pm

WMG

Warner Music Group Corp. (WMG) shares are experiencing an uptick, potentially in response to reports that Spotify is increasing its prices. This development could have positive implications for WMG's revenue, as higher Spotify prices might lead to increased royalty payments to music labels and artists.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 1:58 pm

F

Ford Motor Co (NYSE:F) shares rose after reporting a 6.8% increase in U.S. sales in Q1, with electric vehicle sales up 86.1%. The company highlighted strong sales across gas, hybrid, and electric vehicles, including a record in hybrid sales. The new F-150 and Ranger models are expected to bolster Ford's position in various vehicle segments. Ford anticipates reporting Q1 earnings of 49 cents per share on $40.71 billion in revenue.

Portfolio Pulse from Adam Eckert

April 03, 2024 | 1:54 pm