Streetbeat News

Products Services

ETSY

PAYO

Payoneer (NASDAQ:PAYO) and Etsy (NASDAQ:ETSY) have announced a collaboration to expand Etsy Payments into emerging markets. The partnership will streamline payments to sellers and create economic opportunities for entrepreneurs in these markets. The service will initially be launched in Ukraine and Thailand, followed by India, Japan, Argentina, Chile, and Peru by the end of 2023.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 7:01 pm

CRVO

CervoMed Inc. (NASDAQ:CRVO) announced an oral presentation at the 16th Clinical Trials in Alzheimer's Disease (CTAD) conference, highlighting the neflamapimod clinical development program. The presentation included the RewinD-LB Phase 2b study design and supportive Phase 2a clinical data for the treatment of patients with dementia with Lewy bodies (DLB). The Phase 2b study has over 95% statistical power to meet its primary endpoint. New data shows that neflamapimod treatment significantly reduces a potential blood biomarker of DLB in patients without Alzheimer's-related co-pathology.

Portfolio Pulse from Charles Gross

October 25, 2023 | 6:51 pm

BTCUSD

Anthony Pompliano of Pomp Investments expects Bitcoin (CRYPTO: BTC) to rally hundreds of percent above its old highs during the next bull run. He noted that 76% of Bitcoin hasn't been sold in the last year and 56% of it hasn't been sold in the last two years. He also mentioned that the anticipation of a Bitcoin ETF has been a major factor in the recent price increase. Blackrock and other major financial firms have amended ETF applications, suggesting approval is nearing.

Portfolio Pulse from Adam Eckert

October 25, 2023 | 6:34 pm

ABT

Abbott (NYSE:ABT) announced positive results from the LIFE-BTK clinical trial evaluating the Esprit BTK Everolimus Eluting Resorbable Scaffold System in people with chronic limb-threatening ischemia. The trial met its primary safety and effectiveness endpoints, showing that Esprit BTK reduces disease progression and improves medical outcomes compared to the current standard of care, balloon angioplasty. The data was presented at the 35th Transcatheter Cardiovascular Therapeutics Conference and published in the New England Journal of Medicine.

Portfolio Pulse from Charles Gross

October 25, 2023 | 6:32 pm

REE

REE Automotive Ltd. (NASDAQ:REE) has announced that its initial order book value has doubled since late August 2023 to approximately $40 million. This increase is due to a recent binding order by Midwest Transit Equipment (MTE), a leading bus dealer in the US, which is entering the commercial electric truck market with the Powered by REE™ P7-C.

Portfolio Pulse from Charles Gross

October 25, 2023 | 6:16 pm

ABNB

ATVI

GOOG

GOOGL

MSFT

Microsoft's Q1 results showed a 13% YoY revenue growth to $50.12 billion, with net income rising 27% YoY to $22.29 billion. Azure cloud revenue grew 28%, ending a two-year deceleration streak. The company also reported 1 million paid Copilot users and an increase in Teams users. Microsoft recently completed its $68.7 billion acquisition of Activision Blizzard, which is expected to boost Xbox sales and contribute to AI development.

Portfolio Pulse from Upwallstreet

October 25, 2023 | 6:14 pm

SAVA

Cassava Sciences announced that MRI data suggests its drug simufilam is not associated with amyloid-related imaging abnormalities, leading to a rise in its share price.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 6:07 pm

TM

Toyota Motor Corp's Lexus has unveiled its next-generation Battery Electric Vehicle (BEV) concept car LF-ZC, which is expected to hit the market in 2026. The new vehicle, presented at the Japan Mobility Show, uses advanced batteries that could double the range of conventional EVs to nearly 1,000 kilometers. Toyota also plans to release vehicles powered by state-of-the-art solid-state batteries between 2027 and 2028. By 2035, battery EVs will represent all global sales for its Lexus brand.

Portfolio Pulse from Shivani Kumaresan

October 25, 2023 | 5:58 pm

ME

23andMe is launching a new product, Total Health, which allows customers to sequence their entire exome to better understand and manage health risks hidden in their DNA. The service, available for $1,188 a year, also connects customers to health-care practitioners and provides biannual blood tests. This move is part of 23andMe's transition from a consumer DNA-testing company to a healthcare company.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 5:37 pm

AAPL

Apple has released the watchOS 10.1 update, introducing the Double Tap gesture to the Apple Watch Series 9 and Apple Watch Ultra 2. The update also includes NameDrop, Apple's contact-sharing feature for the iPhone, a fix for minor battery drain bugs, and tweaks to the auto-dimming element of the auto-brightness feature.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 5:10 pm