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BMY

Bristol Myers Squibb announced that it has received a positive opinion from the Committee for Medicinal Products for Human Use (CHMP) for its CAR T cell therapy Abecma (idecabtagene vicleucel) for use in earlier lines of therapy for patients with triple-class exposed relapsed and refractory multiple myeloma.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 12:19 pm

BMY

The Committee for Medicinal Products for Human Use (CHMP) has recommended a change to the marketing authorization for Abecma, extending its indication to treat adult patients with relapsed and refractory multiple myeloma who have received at least two prior therapies.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 12:14 pm

COIN

Coinbase Global, Inc. (NASDAQ:COIN) has received mixed analyst ratings over the past three months, with 14 analysts offering a range of opinions. The average 12-month price target is $115.29, up 31.26% from the previous target of $87.83. Analysts from firms like Oppenheimer, JP Morgan, Citigroup, Mizuho, Wedbush, Needham, JMP Securities, and Goldman Sachs have updated their ratings and price targets, reflecting their views on the company's market performance and future prospects. Coinbase is a leading cryptocurrency exchange platform in the U.S., expanding its services beyond transaction fees through internal investment and acquisitions.

Portfolio Pulse from Benzinga Insights

January 26, 2024 | 12:00 pm

CL

Colgate-Palmolive reported that its North American organic sales growth was primarily driven by its Oral Care and Personal Care segments. This indicates a strong performance in these categories within the region.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 11:57 am

AAPL

Apple Inc. has begun beta testing iOS 17.4, which introduces app sideloading but only for EU users in response to the EU's Digital Markets Act. The feature allows alternative app stores to operate under strict conditions. Despite this, JP Morgan predicts the change will not significantly affect Apple's App Store revenue, as the EU represents only 6% of that revenue and a new fifty-cent fee could offset commission reductions.

Portfolio Pulse from Ananya Gairola

January 26, 2024 | 11:56 am

BV

BrightView Holdings has released its 2024 Corporate Responsibility Report, highlighting the replacement of its fleet with electric and fuel-efficient vehicles. By the end of fiscal 2023, 17% of its vehicles are hybrid or electric, showcasing the company's commitment to sustainability and reducing its carbon footprint.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 11:40 am

AMZN

CRM

GOOG

SAP

Salesforce Inc (CRM) is laying off nearly 700 employees, about 1% of its workforce, as part of cost-cutting measures urged by investors like Elliott Management. Despite this, Salesforce has 1,000 open roles, indicating a strategic realignment rather than a downsizing. The company's stock has risen nearly 80% over the past year. Other tech companies, including Alphabet Inc (GOOG, GOOGL) and SAP SE (SAP), are also restructuring to focus on AI, with Alphabet planning more layoffs. Amazon (AMZN) has made cuts in some divisions while investing in cloud infrastructure for AI in Japan.

Portfolio Pulse from Anusuya Lahiri

January 26, 2024 | 11:34 am

META

Meta Platforms Inc. is developing 'Flipside,' a new Instagram feature for sharing candid photos in a private feed with selected friends. This aligns with Meta's focus on privacy and safety, especially for teens, and competes with apps like BeReal.

Portfolio Pulse from Rounak Jain

January 26, 2024 | 11:25 am

NWL

Newell Brands has announced that its subsidiary, Baby Jogger, has launched the City Turn Convertible Car Seat in Canada. This product expansion could potentially increase Newell Brands' market presence in the baby products segment in Canada.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 11:11 am

BTC

DOGE

SOL

WIF

Cryptocurrency analyst Bluntz predicts that Dogwifhat (CRYPTO: WIF), a Solana-based meme token and Dogecoin rival, will surge beyond $1. WIF has already experienced a 5,535% increase in value after being listed on exchanges like Binance and KuCoin. Bluntz's analysis, based on the Elliott Wave theory, suggests WIF is in the second phase of a five-phase surge. Messari CEO Ryan Selkis and BitMEX co-founder Arthur Hayes have shown interest in WIF. Meanwhile, Bitcoin (CRYPTO: BTC) saw a slight decrease in price.

Portfolio Pulse from Mehab Qureshi

January 26, 2024 | 10:00 am