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AZN

The FDA has approved AstraZeneca's Fasenra (benralizumab) for the treatment of eosinophilic granulomatosis with polyangiitis, a rare autoimmune disease. This approval could potentially expand the market for Fasenra and boost AstraZeneca's revenues.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 9:58 am

YUM

Pizza Hut, a subsidiary of Yum! Brands, Inc., has launched 'ResZAmes' in NYC, allowing job seekers to deliver resumes in pizza boxes during the 'September Surge' hiring season. This initiative aims to help applicants stand out in a competitive job market.

Portfolio Pulse from Benzinga Neuro

September 18, 2024 | 9:54 am

META

JPMorgan CEO Jamie Dimon criticized social media platforms like TikTok and Facebook, calling them a 'total stupid waste of time' and suggesting that reading books is a more productive activity. His comments highlight ongoing concerns about social media's impact on mental health, especially among youth.

Portfolio Pulse from Ananya Gairola

September 18, 2024 | 9:42 am

AREC

American Resources' subsidiary, ReElement Technologies, has received approval and certification for the Military Critical Technical Data Agreement, which could enhance its capabilities and market opportunities in the defense sector.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 9:33 am

AAPL

SPY

Apple's recent iPhone launch has not significantly impacted its stock price, with early indications showing a potential 10% decline in iPhone 16 sales. Portfolio manager Dan Niles reflects on his short-term stance, citing overestimated AI impact. Despite this, he remains optimistic about long-term growth. Apple's P/E ratio has increased due to AI expectations, but valuation support is questioned. The stock has underperformed compared to the SPDR S&P 500 ETF Trust.

Portfolio Pulse from Shanthi Rexaline

September 18, 2024 | 8:56 am

GBTC

JPM

Jamie Dimon, CEO of JPMorgan Chase, emphasized the bank's significant use of blockchain technology while maintaining skepticism towards cryptocurrencies, calling them a 'pet rock.' JPMorgan's blockchain network, Onyx, has processed over $700 billion in transactions. Despite Dimon's criticism of Bitcoin, JPMorgan has investments in Bitcoin-related ETFs like the Grayscale Bitcoin Trust.

Portfolio Pulse from Benzinga Neuro

September 18, 2024 | 8:18 am

OS

OneStream has announced new developments, including AI Anomaly Detection and OneStream Navigation Center, enhancing its Sensible AI portfolio and core finance innovations.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 7:39 am

ERJ

EVEX

Eve Air Mobility, controlled by Embraer, has appointed Megha Bhatia as its new Chief Commercial Officer. Bhatia's experience is expected to aid in converting letters of intent into firm orders for Eve's eVTOL aircraft, with 2,900 potential orders already in place.

Portfolio Pulse from Anan Ashraf

September 18, 2024 | 7:25 am

CLVT

Clarivate Plc (NYSE:CLVT) has launched Primo Research Assistant, an AI-powered library discovery solution designed to aid students and researchers. The tool offers natural language query support, semantic search, and AI-powered answers with references, enhancing research capabilities.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 7:13 am

IVBIY

Innovent presented Phase 1 clinical data of IBI363, a PD-1/IL-2α-bias bispecific antibody fusion protein, combined with bevacizumab for advanced colorectal cancer. The study showed promising anti-tumor efficacy and good safety profile.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 7:05 am