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GRI

GRI Bio presented preclinical data on its NKT cell modulators for Systemic Lupus Erythematosus at the 14th International Congress on Autoimmunity. The data is promising and comparable to OFEV® (nintedanib), a leading tyrosine kinase inhibitor. GRI Bio plans to file an IND for GRI-0803 in Q3 2024, with topline data expected in Q4 2024.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 12:37 pm

REBN

Reborn Coffee has signed a Letter of Intent (LOI) to acquire a 55% stake in Derin Lezzetler, a move that could expand its market presence and diversify its product offerings.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 12:36 pm

LWLG

Lightwave Logic (LWLG) has partnered with Advanced Micro Foundry to develop polymer slot modulators using standard fabrication processes on 200mm silicon wafers. This collaboration has achieved a record-breaking sub-1V drive at 200Gbps PAM4, which is ideal for 800Gbps and 1.6T pluggable transceivers.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 12:36 pm

BABA

ONLN

PGJ

Alibaba's Taobao and Tmall Group have partnered with ByteDance's Douyin to enhance their presence in China's midyear shopping festival. The collaboration, called the 'Star Cube Plan,' aims to facilitate marketing on Douyin and transactions on Taobao. Alibaba has also allocated significant resources to support merchants and is leveraging AI to boost its e-commerce capabilities. BABA stock has gained over 18% year-to-date but traded lower by 2.06% premarket on Tuesday.

Portfolio Pulse from Anusuya Lahiri

May 21, 2024 | 12:35 pm

AXON

EXP

IYR

MS

On CNBC's 'Halftime Report Final Trades,' analysts highlighted Eagle Materials, Morgan Stanley, iShares U.S. Real Estate ETF, and Axon Enterprise. Eagle Materials plans to modernize and expand its cement plant. Morgan Stanley invested $269.9 million in Bitcoin ETFs. Axon Enterprise posted strong Q1 results and plans to acquire Dedrone.

Portfolio Pulse from Avi Kapoor

May 21, 2024 | 12:35 pm

MAMO

Massimo Group is expanding its Texas manufacturing facility by 90,000 sq. ft. to support the rapid growth of its motor and marine product verticals.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 12:34 pm

MGRX

MangoRx is set to introduce oral versions of Semaglutide and Tirzepatide, which are medications used for diabetes and weight management.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 12:31 pm

RFIL

RF Industries (NASDAQ:RFIL) announced new large orders totaling approximately $4 million, including a significant $2 million order for small cell solutions. This has increased the company's backlog by 30% to $21.1 million.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 12:31 pm

CBOE

NDAQ

The SEC has requested Nasdaq and CBOE to make adjustments to their filings for spot Ether ETFs. This move indicates ongoing regulatory scrutiny and potential delays in the approval process for these financial products.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 12:31 pm

VIR

Vir Biotechnology's SOLSTICE data will be featured as an oral presentation at the EASL Congress 2024. The company will present new data on the efficacy and safety of tobevibart and elebsiran for chronic hepatitis delta treatment.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 12:30 pm