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LLY

NVO

Eli Lilly is investing $4.5 billion in a new facility to enhance its drug pipeline, focusing on obesity treatments like Mounjaro and Zepbound. Despite recent stock gains, technical indicators suggest short-term challenges, though long-term prospects remain strong.

Portfolio Pulse from Surbhi Jain

October 02, 2024 | 2:37 pm

BP

COP

CVX

HES

IEO

SHEL

SLB

USO

XLE

XOM

Oil prices have spiked due to Middle East tensions and potential supply disruptions, leading to a rise in energy stocks. The United States Oil Fund (USO), IShares U.S. Oil & Gas Exploration & Production ETF (IEO), and SPDR Energy Select Sector Fund (XLE) have all seen gains. Major energy companies like Exxon Mobil, Chevron, and ConocoPhillips have also experienced stock price increases. Analysts are closely watching OPEC's upcoming meeting for potential changes in production curbs.

Portfolio Pulse from Adam Eckert

October 02, 2024 | 2:30 pm

BITW

XRP-USD

Bitwise Asset Management has filed for an XRP ETF, sparking debate due to regulatory uncertainties. The SEC's decision on Ripple's legal status and potential political changes could impact the ETF's approval.

Portfolio Pulse from Murtuza Merchant

October 02, 2024 | 2:22 pm

ACN

IETC

JGRW

NVDA

Accenture and NVIDIA have expanded their partnership to accelerate global AI adoption. Accenture will establish a new NVIDIA Business Group to train 30,000 professionals and open AI Refinery Engineering Hubs worldwide. This collaboration aims to enhance AI solutions and productivity for enterprises.

Portfolio Pulse from Lekha Gupta

October 02, 2024 | 2:19 pm

USO

The OPEC+ Joint Ministerial Monitoring Committee has concluded its meeting, where compensation mechanisms were discussed. This could impact oil prices and related ETFs.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 2:06 pm

BTCUSD

Whale crypto trader Eugene Ng Ah Sio shares his contrarian strategy for trading Bitcoin during geopolitical tensions, suggesting buying during market dips caused by global conflicts. He anticipates a double bottom for Bitcoin at $60,000-$61,000.

Portfolio Pulse from Khyathi Dalal

October 02, 2024 | 2:05 pm

ACB

Aurora Cannabis Inc. (NASDAQ:ACB) is collaborating with the University of British Columbia on a research project funded by Genome British Columbia. The project aims to validate genetic and chemical markers for fruity aroma in cannabis, which is a key consumer preference factor. This collaboration will enhance Aurora's breeding program by focusing on aroma, yield, potency, and disease resistance.

Portfolio Pulse from Jelena Martinovic

October 02, 2024 | 2:04 pm

BYND

Beyond Meat's plant-based Beyond The Original Orange Chicken is now available at 300 more Panda Express locations, totaling 600 across the U.S. This expansion follows a successful regional rollout and a limited national release in 2022.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 1:49 pm

XAIR

Beyond Air shares rose following a partnership with Healthcare Links to expand access to its LungFit PH system.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 1:49 pm

GOOGL

Character.ai is shifting its focus from developing large language models to enhancing consumer products, following the departure of its founders to Google in a $2.7 billion deal. The high costs of training frontier models prompted this strategic pivot.

Portfolio Pulse from Benzinga Neuro

October 02, 2024 | 1:41 pm