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BMY

EXEL

PFE

Bristol Myers Squibb (BMY) and Exelixis Inc (EXEL) announced four-year follow-up results from the CheckMate -9ER trial, showing their combination treatment of Opdivo and Cabometyx outperformed Pfizer's (PFE) Sutent in treating advanced renal cell carcinoma. The combination treatment nearly doubled median progression-free survival and overall survival compared to Sutent, with significant improvements in response rates and duration of response across different risk groups. These results will be presented at the American Society of Clinical Oncology 2024 Genitourinary Cancers Symposium.

Portfolio Pulse from Vandana Singh

January 23, 2024 | 4:11 pm

BA

UAL

A United Airlines executive indicated during a conference call that the company anticipates a reduction in orders and deliveries from Boeing in 2025. The executive also mentioned that it is 'unrealistic' to expect 31 Boeing 737 MAX 9 aircraft deliveries within this year.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 4:06 pm

BA

Westjet has announced it will receive up to 62 additional Boeing 737 Max airplanes by the end of 2028, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 4:03 pm

BA

Westjet is expanding its fleet by leasing five new Boeing 737 Max 8 aircraft, with deliveries expected in early 2025. This addition means Westjet will receive up to 22 new Boeing 737 Max airplanes by the end of 2025.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 4:02 pm

BA

UAL

United Airlines President revealed during a conference call that the Boeing 737 Max 9 aircraft make up approximately 8% of the airline's capacity in the first quarter.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 3:46 pm

GATX

GATX Corporation (NYSE:GATX) reported Q4 revenues of $368.70 million, surpassing estimates of $365.40 million, and adjusted EPS of $1.74, beating the consensus of $1.58. The company saw significant growth in non-dedicated engine revenue and provided a positive 2024 earnings guidance of $7.30–$7.70 per share, above the expected $7.00. Shares rose by 6.80% to $126.71 following the news.

Portfolio Pulse from Nabaparna Bhattacharya

January 23, 2024 | 3:44 pm

GOLD

Barrick Gold Corporation's Lumwana copper mine Super Pit expansion in Zambia is on track for first production in 2028. The project, costing nearly $2 billion, aims to transform Lumwana into a major copper mine with an annual output of 240,000 tonnes over 30+ years. The mine has been restructured since 2019, contributing $3 billion to Zambia's economy and focusing on local procurement and community development through initiatives like the Business Accelerator Program and REDD+ for conservation.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 3:36 pm

GXAI

Gaxos.ai Inc., a developer of AI applications across various sectors, has announced the launch of Gaxos Health, a new division focused on revolutionizing personal health and wellness through AI-powered solutions.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 3:35 pm

BABA

PG

RTX

VZ

Verizon Communications Inc. (VZ) shares rose 5.7% after reporting Q4 financial results that surpassed expectations with a slight sales decline but higher EPS. Other stocks also moved higher, including RTX Corporation (RTX) after strong Q4 results and a positive FY24 EPS outlook, and The Procter & Gamble Company (PG) following upbeat earnings. Chinese stocks like Alibaba Group Holding Limited (BABA) traded higher amid reports of a potential stock market rescue package in China.

Portfolio Pulse from Avi Kapoor

January 23, 2024 | 3:32 pm

ULCC

Frontier Airlines (NASDAQ:ULCC), known as America's Greenest Airline, has announced a significant expansion of its operations, launching nonstop services across various U.S. and international airports in April, May, and June of 2024. The expansion targets underserved and overpriced routes. To mark the occasion, Frontier is offering promotional fares starting at $19 one way and discounted Premium Stretch seating. The expansion includes both new and existing routes as part of their Mega Sale.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 3:13 pm