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ACHL

Achilles Therapeutics shares rise as the company discontinues its TIL-based cNeT program, closes Phase I/IIa CHIRON and THETIS trials, and shifts strategy to explore third-party engagements.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 2:29 pm

FLGC

Flora Growth Corp. (NASDAQ:FLGC) has announced a supply agreement with Blossom Genetics to introduce Colombian medical cannabis strains to the German market. This move is part of Flora's strategy to expand its presence in Europe, following its acquisition of TruHC Pharma GmbH. Flora has been active in Germany since 2017 and holds an EU-GMP facility with access to over 1,200 pharmacies. The company's shares rose by 6.6762% following the announcement.

Portfolio Pulse from Jelena Martinovic

September 19, 2024 | 2:28 pm

ALSN

Allison Transmission has appointed MIFU Joint Stock Company as an authorized dealer in Vietnam, enhancing its presence in Southeast Asia. This partnership will focus on providing maintenance and parts for Allison's 1000–4000 Series transmissions, particularly the 3000 Series, in Vietnam's expanding port industry.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 2:28 pm

AAPL

Needham analyst Laura Martin reiterates a Buy rating and $260 price target for Apple, highlighting advertising as a potential growth catalyst amid concerns over iPhone 16 demand. Martin suggests Apple's slow revenue growth is a concern, and advertising could boost growth and profit margins.

Portfolio Pulse from Chris Katje

September 19, 2024 | 2:20 pm

EWTX

Edgewise Therapeutics Inc. (NASDAQ:EWTX) reported promising early results for its heart treatment, EDG-7500, in Phase 1 and Phase 2 trials. The trials showed significant reductions in heart obstruction and heart failure biomarkers without adverse effects, leading to a 39.3% increase in EWTX stock.

Portfolio Pulse from Vandana Singh

September 19, 2024 | 2:19 pm

BABA

BIDU

NVDA

China is striving to develop domestic AI chips to rival Nvidia, but faces challenges due to U.S. sanctions and technological gaps. Despite these hurdles, Chinese tech firms like Huawei, Alibaba, and Baidu are increasing investments in AI infrastructure.

Portfolio Pulse from Benzinga Neuro

September 19, 2024 | 2:17 pm

WMT

Walmart Inc. is introducing a new payment option allowing customers to make instant bank transfers for online purchases, bypassing traditional card networks. This move highlights growing tensions between merchants and card networks over payment processing fees.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 2:16 pm

AAPL

GOOG

GOOGL

NVDA

SMH

SOXX

TSM

Taiwan Semiconductor Manufacturing Co (TSMC) has promoted Rose Castanares as president of its Arizona unit. TSMC stock is up due to a U.S. Federal Reserve interest rate cut and increased U.S. investment. TSMC is a key supplier for Nvidia and Apple, and has secured chip deals with Google and Apple.

Portfolio Pulse from Anusuya Lahiri

September 19, 2024 | 2:11 pm

BABA

Alibaba shares rose following the announcement of over 100 new open-source AI models and a text-to-video generation tool.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 2:06 pm

PII

Polaris has issued a recall for approximately 10,300 Sportsman ATVs, 3,158 fuel pump kits and fuel tank assemblies, and Ranger XD 1500 recreational off-road vehicles with winches due to fire hazards, as announced by the U.S. Consumer Product Safety Commission.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 2:03 pm