Streetbeat News

Products Services

KZIA

Kazia Therapeutics has announced that its lead program, paxalisib, has been awarded Fast Track Designation by the FDA for the treatment of solid tumor brain metastases. This designation will expedite the review of the drug, potentially leading to quicker market access.

Portfolio Pulse from Benzinga Newsdesk

July 06, 2023 | 11:02 am

BITF

BTAI

BTBT

CLSK

HUT

MARA

PERI

RIOT

Perion Network, CleanSpark, BioXcel Therapeutics, Bit Digital, Hut 8 Mining Corp, Riot Platforms, Marathon Digital Holdings, and Bitfarms Ltd are all experiencing pre-market gains. Perion Network's shares climbed following Q2 preliminary results, CleanSpark gained after a Bitcoin mining update, BioXcel surged after releasing topline results from a Phase 3 trial, and the remaining companies rose following an increase in Bitcoin prices.

Portfolio Pulse from Lisa Levin

July 06, 2023 | 10:51 am

NNVC

NanoViricides has announced that the clinical trial of its broad-spectrum antiviral drug NV-CoV-2 is progressing satisfactorily. The trial will continue into Part 1b if there are no serious adverse events following safety and tolerability evaluation in healthy persons for a single escalating dose of NV-CoV-2 Oral Syrup or NV-CoV-2 Oral Gummies in the Part 1a.

Portfolio Pulse from Benzinga Newsdesk

July 06, 2023 | 10:46 am

ONON

Martin Hoffmann, co-CEO and CFO of On Holding (NYSE:ONON), emphasized the importance of physical retail locations in enhancing the brand experience. He cited the positive impact of the brand’s London store on sales, including a significant uptick in e-commerce and increased apparel requests at nearby Harrod’s. Despite competition from industry giants like Nike, Hoffmann remains confident in the brand’s unique product offerings. On Holding products are currently available in over 50 stores and the company plans to continue expanding.

Portfolio Pulse from Benzinga Newsbot

July 06, 2023 | 10:35 am

GOOGL

Google's first foldable smartphone, the Pixel Fold, has failed JerryRigEverything's durability test, resulting in a crack during the flex test. The failure was not due to the hinge, which is usually the weakest link in foldable phones, but due to the lack of a lockout mechanism to prevent the phone from bending backward. This comes after reports of dead displays and quality control issues.

Portfolio Pulse from Rounak Jain

July 06, 2023 | 9:45 am

TSLA

Tesla CEO Elon Musk, at the 2023 World Artificial Intelligence Conference, stated that Tesla is closer than ever to achieving full self-driving (FSD) capability. Musk praised China's potential in various sectors, including AI. Despite previous predictions, Musk believes Tesla is 'very close' to reaching Level 4 autonomous driving. Tesla's FSD software still requires active driver supervision, and the company faced a lawsuit from shareholders claiming the company exaggerated the effectiveness and safety of its Autopilot and FSD technologies.

Portfolio Pulse from Anan Ashraf

July 06, 2023 | 9:42 am

META

Meta Platforms Inc. (NASDAQ:META) has unveiled its decentralized social media platform, Threads, which has already attracted over 7.5 million users. CEO Mark Zuckerberg has been actively engaging with users and taunting Elon Musk, who purchased Twitter for $44 billion last year. Despite the rivalry, it remains uncertain whether Threads can surpass Twitter's long-term popularity.

Portfolio Pulse from Ananya Gairola

July 06, 2023 | 9:42 am

WAB

Wabtec has secured a significant component order for a major transit consortium project led by six transportation companies from Germany and Austria. The financial terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

July 06, 2023 | 9:01 am

META

Meta Platforms, Inc. (NASDAQ:META) has launched its Twitter clone, Threads, to mixed reviews. KeyBanc Capital Markets analyst Justin Patterson has raised the price target from $280 to $335, suggesting a potential 14% upside. Patterson believes that if Meta can capture at least one-third of Twitter’s U.S. audience or reach 50% of Facebook’s U.S.-Canada audience, it could increase KeyBanc’s 2024 revenue estimate by $800 million to $6.7 billion.

Portfolio Pulse from Shanthi Rexaline

July 06, 2023 | 8:45 am

META

Meta Platforms Inc.'s (NASDAQ:META) new app, Threads, has attracted 10 million users in its first seven hours. However, due to the way Threads is designed and linked to Instagram, deleting a Threads account will also delete the linked Instagram account. This is due to a clause in Meta's privacy policy.

Portfolio Pulse from Rounak Jain

July 06, 2023 | 8:26 am