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ZYNE

Zynerba Pharmaceuticals has presented data from its Phase 2 INSPIRE trial in 22q11.2 Deletion Syndrome at the Society for The Study Of Behavioural Phenotypes (SSBP) 25th International Research Symposium.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 8:17 pm

TMCI

Treace Medical Concepts has been issued a new patent, U.S. Patent No. 11,771,467, by the United States Patent and Trademark Office. The patent covers bunion correction procedures.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 8:14 pm

DAL

Delta Air Lines, Inc. (NYSE:DAL) shares traded lower on Thursday after the company announced changes to its SkyMiles loyalty program. Starting from 2024, only Medallion Qualification Dollars will be required to gain Status, as opposed to miles or segments flown. Delta will also offer more ways to earn status, such as on purchases of car rentals and hotel stays booked on the company's website and with Delta Vacations.

Portfolio Pulse from Ryan Gustafson

September 14, 2023 | 8:10 pm

DIS

Disney is planning to reduce its target for Disney+ streaming subscribers, according to Bloomberg. This could potentially impact the company's future revenue and growth projections.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 8:05 pm

HITI

High Tide Inc. reported its Q3 earnings, marking the 14th straight quarter of positive adjusted EBITDA. The company's CEO, Raj Grover, called it the best quarter in High Tide's history. Revenue increased by 30% YoY and 5% sequentially to $91.7 million. Gross profit rose by 34% YoY and 10% QoQ to $34.6 million. The company also announced the launch of Cabanalytics Consumer Insights, a digital publication extending the Cabanalytics business data and insights platform.

Portfolio Pulse from Jelena Martinovic

September 14, 2023 | 8:02 pm

MSFT

ORCL

Microsoft and Oracle have expanded their partnership to deliver Oracle Database Services on Oracle Cloud Infrastructure in Microsoft Azure. This collaboration aims to provide a unified cloud experience to their customers.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 8:01 pm

ARM

NVDA

SFTBY

Arm Holdings PLC (ARM) has launched its IPO at a valuation of $54.5 billion, with shares trading at around $60. SoftBank Group Corp (SFTBY), which bought Arm in 2016 for $32 billion, retains 90% of its holdings. SoftBank's founder, Masayoshi Son, emphasized Arm's role in the AI revolution and sees significant AI applications benefiting from Arm and other AI tech players. Arm's designs play a vital role in Nvidia's (NVDA) AI-powered chips.

Portfolio Pulse from AJ Fabino

September 14, 2023 | 7:33 pm

TSLA

Tesla Inc (NASDAQ:TSLA) is expanding its Tesla Electric business, which allows users of Tesla Powerwall to buy and sell electricity. The company has applied to become a 'market customer' with the Australian Energy Market Operator, potentially preparing to launch Tesla Electric in Australia. Currently, Tesla Electric is only available in Texas, but plans are in place for expansion to other areas, including the UK. The expansion could help diversify Tesla's business and justify increased valuations for other segments.

Portfolio Pulse from Chris Katje

September 14, 2023 | 7:25 pm

MRNA

Moderna, Inc.'s shares are trading higher after the EMA Committee for Medicinal Products for Human Use recommended authorization of the company's updated COVID-19 vaccine, Spikevax, in the EU. The next step is for the European Commission to make an authorization decision for the use of the vaccine for autumn/winter 2023. The positive recommendation coincides with rising COVID cases in the US, which has also caused vaccine stocks to rise in recent weeks.

Portfolio Pulse from Ryan Gustafson

September 14, 2023 | 7:21 pm

JNJ

PG

Johnson & Johnson (JNJ) and Procter & Gamble (PG) are facing a lawsuit alleging that they misled consumers about the effectiveness of their decongestant cold medicines containing phenylephrine, an ingredient declared ineffective by an FDA advisory panel. The plaintiff is seeking a minimum of $5 million in damages for those who purchased these products in the U.S. within the last five years.

Portfolio Pulse from Vandana Singh

September 14, 2023 | 7:10 pm