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AVGR

Avinger shares rise following the announcement of a new U.S. patent issuance for the treatment of occlusive coronary artery disease.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 8:18 pm

INTC

Intel shares surged following reports of potential $3 billion federal funding for military chip production under the CHIPS and Science Act. This funding aims to secure a domestic supply of advanced chips for defense purposes. Intel is a frontrunner for these grants, which would enhance its semiconductor production capabilities.

Portfolio Pulse from Vaishali Prayag

September 16, 2024 | 8:14 pm

ATVI

MSFT

Blizzard's Diablo 4 has generated $150 million from microtransactions, contributing to over $1 billion in total sales since its release in June 2023. The game's financial success is attributed to effective monetization strategies. Changes in Xbox Game Pass by Microsoft, which removed Diablo 4 from certain tiers, highlight the importance of in-game purchases.

Portfolio Pulse from Franca Quarneti

September 16, 2024 | 8:14 pm

AIR

AAR Corp. has signed a supply chain alliance with the Defense Logistics Agency Land and Maritime to enhance support for the U.S. warfighter. This partnership aims to improve supply chain efficiency and effectiveness.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 8:08 pm

CMND

Clearmind Medicine has announced the publication of a patent application under the Patent Cooperation Treaty for its ibogaine combination therapy. This development could enhance the company's intellectual property portfolio and potentially lead to new treatment options.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 8:08 pm

AMZN

CMCSA

DIS

FOX

NFLX

PARA

The 2024 NFL season has started with record-breaking viewership, benefiting media companies with NFL rights. Comcast, Disney, Fox, Paramount, and Amazon have seen significant viewership boosts, enhancing advertising revenue and streaming subscriptions. Netflix is also entering the live sports arena with NFL games, potentially increasing its subscriber base.

Portfolio Pulse from Chris Katje

September 16, 2024 | 8:08 pm

FISI

Financial Institutions plans to wind down its Banking as a Service (BaaS) offerings by 2025, with minimal financial impact expected. The company will retain personnel and refocus on core banking operations.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 8:07 pm

F

GM

NIO

TSLA

The Biden administration has imposed steep tariffs on Chinese goods, including a 100% tax on Chinese-made electric vehicles, to boost U.S. manufacturing and jobs. This move is seen as a response to the growing competition from Chinese automakers and comes ahead of the November elections. Detroit automakers like General Motors and Ford are exploring Chinese technology to enhance their EV offerings, while Tesla's CEO has expressed concerns about the impact of Chinese EVs on the U.S. market.

Portfolio Pulse from Natan Ponieman

September 16, 2024 | 8:06 pm

SGML

Sigma Lithium is shipping 2,000 tons of high-purity green lithium to Mitsubishi this week, marking a significant milestone in its operations.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 8:06 pm

IMAB

I-Mab presented promising top-line results from its Phase 1 study of givastomig, a bispecific antibody, at ESMO 2024. The study showed promising activity in gastric cancer patients, and the recommended Phase 2 dose was determined to be 8-12 mg/kg.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 8:04 pm