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FHTX

LLY

Foghorn Therapeutics Inc. (FHTX) stock surged 44.8% to $4.52 after announcing Eli Lilly And Co (LLY) selected FHD-909 for clinical development, targeting BRG1 mutated non-small cell lung cancer. This follows a collaboration between the two companies aimed at creating novel oncology medicines. Despite the surge, Wall Street views FHTX as Neutral, with expectations of a potential 40.0% fall in the coming year. However, FHTX's stock has risen 29.47% in the past 3 months, with revenue increasing by 163.46% over the past year.

Portfolio Pulse from Henry Khederian

February 08, 2024 | 4:48 pm

JNJ

Janssen, a subsidiary of Johnson & Johnson (JNJ), has submitted a Type II extension of indication application to the European Medicines Agency (EMA) for the approval of RYVREVANT in combination with Lazertinib for the first-line treatment of patients with EGFR-mutated non-small cell lung cancer.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 4:47 pm

DIS

FOX

FOXA

WBD

The Walt Disney Company (NYSE:DIS) reported Q1 financial results, beating earnings per share estimates but missing on revenue. Analysts are bullish, with upgrades and raised price targets. Disney announced cost savings, a dividend increase, a share buyback plan, and subscriber growth for Disney+. A joint venture for a sports streaming platform with Fox Corporation (NASDAQ:FOX) (NASDAQ:FOXA) and Warner Bros. Discovery (NASDAQ:WBD) was also announced, along with plans for an ESPN standalone streaming platform.

Portfolio Pulse from Chris Katje

February 08, 2024 | 4:40 pm

AAPL

MSFT

Apple Inc. is set to launch Apple TV, Apple Music, and Apple Devices apps on Windows, moving away from iTunes for PC users. This development comes after collaboration with Microsoft Corporation for the apps' launch. The new apps aim to reduce iTunes dependency, offering services like music and album purchases, movie and TV show streaming, and device synchronization for Windows users. This strategic shift marks a significant departure from the traditional iTunes platform, which has been a cornerstone of digital media consumption for over two decades.

Portfolio Pulse from Rounak Jain

February 08, 2024 | 4:29 pm

ACB

CGC

TLRY

A recent poll in North Carolina shows strong voter support for the legalization of medical marijuana, indicating a potential shift in the state's cannabis policy landscape. This growing public support could influence legislative actions and impact companies involved in the cannabis industry.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 4:15 pm

LUV

Southwest Airlines has extended its flight schedule through November 2, 2024, adding seasonal services between Nashville and Richmond, Va., and between Memphis, Tenn., and Las Vegas. The airline is also bringing back more international and seasonal flights for the fall vacation season.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 4:01 pm

IFNNY

TSLA

WKSP

Toyota Motor and Tesla Inc are facing challenges in EV battery innovation, with Tesla drivers experiencing difficulties in cold weather. Worksport Ltd, in collaboration with Infineon Technologies AG, is developing a portable battery system, COR, to address these issues by reducing weight and cost, and improving performance in extreme conditions. This partnership aims to enhance EV adoption by overcoming battery reliability concerns.

Portfolio Pulse from Upwallstreet

February 08, 2024 | 3:55 pm

BEEM

San Diego County has deployed 10 Beam EV ARC systems to enhance its electric vehicle infrastructure. This move signifies the county's commitment to sustainable transportation solutions and could potentially increase the demand for Beam's innovative charging systems.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 3:37 pm

LLY

NVO

SNY

Eli Lilly And Co (NYSE:LLY) shares have surged 8% since Monday, closing at $724.85 on Wednesday, with a market cap of $690 billion. The company's fourth-quarter results exceeded expectations, forecasting FY 2024 sales between $40.4 billion and $41.6 billion, above the consensus of $39.14 billion. Analysts from BMO Capital, BofA Securities, Wells Fargo, Barclays, Morgan Stanley, and Truist Securities have raised their price targets for LLY. Additionally, Eli Lilly settled a lawsuit in Minnesota related to insulin pricing, agreeing to provide low-cost insulin and donate to clinics, impacting affordability.

Portfolio Pulse from Vandana Singh

February 08, 2024 | 3:37 pm

SONY

Sony Group Corp.'s Marvel's Spider-Man 2 is set to receive a significant update on March 7, including a New Game+ mode, new suits, and more. The update, announced by Insomniac on X, was delayed from late 2023 to ensure quality. Features like adjusting time of day, swapping tendril colors, and replaying missions will be added. Despite the delay, the game has been praised for its storytelling, though some criticized its open-world mechanics. PlayStation Plus Premium members can trial the game for two hours.

Portfolio Pulse from Franca Quarneti

February 08, 2024 | 3:27 pm