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AGEN

Ginkgo Bioworks and SaponiQx, a subsidiary of Agenus Inc (NASDAQ: AGEN), have been awarded a 5-year contract by the MCDC, worth up to $31M, to discover and manufacture next-generation vaccine adjuvants using generative molecular design.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 12:10 pm

BPMC

Blueprint Medicines projects its global net product revenues for AYVAKIT to be in the range of $360M-$390M in 2024, indicating a positive outlook for the company's financial performance.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 12:06 pm

IONS

The FDA has awarded Orphan Drug Designation to Ionis Pharmaceuticals for Olezarsen, a treatment for Familial Chylomicronemia Syndrome.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 12:04 pm

GOOG

META

Elon Musk and Marc Andreessen highlighted a statistic showing a significant decline in socializing among American teens, with less than 60% going out with friends more than twice a week, a drop from nearly 80% in the 1970s. The report attributes this decline to increased screen time and a shift towards digital interaction, which correlates with rising feelings of loneliness, depression, and suicidal thoughts among teenagers. Concurrently, New York City has sued TikTok, Meta Platforms Inc. (META), and Alphabet Inc. (GOOG, GOOGL) over alleged harm to kids' mental health, accusing them of designing platforms that addict young users with minimal parental oversight.

Portfolio Pulse from Rounak Jain

February 15, 2024 | 11:41 am

ITGR

Integra Resources has released the second set of drill results from its 4,597 meter 2023 Highwall Geotechnical and Metallurgical Drill Program at the DeLamar Project in Southwestern Idaho. The results are part of the company's ongoing efforts to assess the viability and potential of the DeLamar Project.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 11:39 am

ALVO

JNJ

Alvotech has reached a settlement with Johnson & Johnson regarding the market entry of AVT04, a biosimilar to Stelara, in certain markets. AVT04 is expected to enter the Canadian market in Q1 2024, Japan in May 2024, and the first European markets in July 2024. Regulatory approval for AVT04 has been granted in these regions, with applications pending in additional markets, including the U.S.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 11:38 am

BTCUSD

Cryptocurrency experts predict a bullish future for Bitcoin, anticipating it to reach $200K as it surpasses the $52K level. The optimism is fueled by the successful launch of spot Bitcoin ETFs, seeing over $3 billion in inflows, and Bitcoin's break of the 78.6% Fibonacci level pre-halving. Analysts suggest a pre-halving rally is imminent, supported by historical market cycle analysis.

Portfolio Pulse from Mehab Qureshi

February 15, 2024 | 11:15 am

TGT

Target has launched a new low-price brand named Dealworthy, aimed at providing consumers with exceptional value on nearly 400 everyday essentials. This move is part of Target's strategy to attract more price-conscious shoppers by offering a wide range of affordable products.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 11:14 am

RDNT

RadNet has announced the creation of a new diagnostic imaging career training program in collaboration with JVS SoCal. This initiative aims to address the growing demand for skilled professionals in the diagnostic imaging sector.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 11:10 am

STLA

Stellantis N.V. (NYSE:STLA) shares rose in premarket trading after announcing positive full-year 2023 earnings, a new share buyback program worth €3 billion, and a 16% dividend increase. The company reported a 6% increase in net revenues to €189.5 billion, an 11% rise in net profit to €18.6 billion, and a 19% increase in industrial free cash flows to €12.9 billion. BEV and LEV sales grew by 21% and 27%, respectively. Stellantis plans to launch 18 additional BEVs in 2024, aiming for a total of 48 models by year-end. The company also announced a joint venture with Foxconn named SiliconAuto to develop automotive chips starting in 2026.

Portfolio Pulse from Nabaparna Bhattacharya

February 15, 2024 | 10:58 am