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TLRY

Tilray Brands, Inc. has completed the acquisition of Atwater Brewery from Molson Coors, expanding its presence in the Great Lakes region. This move is part of Tilray's strategy to grow its U.S. brewery business while continuing its focus on cannabis. Tilray's shares closed 1.16% lower at $1.70.

Portfolio Pulse from Nina Zdinjak

September 13, 2024 | 12:15 pm

OSTX

OS Therapies has announced the development of in vitro concept data for two therapeutic candidates based on tADC technology, targeting breast, lung, and gastric cancers. This development marks a significant step in their research and development efforts.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 12:12 pm

APVO

Aptevo Therapeutics and Alligator Bioscience announced that interim data from their Phase 1 ALG.APV-527 trial will be presented at the ESMO Congress 2024. This news has led to an increase in Aptevo Therapeutics' share price.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 12:08 pm

ARCT

Arcturus Therapeutics, in collaboration with CSL, has received approval from Japan's Ministry of Health, Labor and Welfare for their updated mRNA COVID-19 vaccine targeting the JN.1 strain.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 12:05 pm

AMZN

CRWD

GOOGL

IXN

MSFT

VGT

Microsoft has appointed former GE CFO Carolina Dybeck Happe as its new COO to enhance its focus on cloud and AI. This move aligns with Microsoft's strategy to strengthen its position in the cloud services market against Amazon. The hiring follows a recent outage involving CrowdStrike that affected Microsoft devices. Microsoft has also made other strategic hires, including Mustafa Suleyman from Google DeepMind. The stock has gained over 27% in the last year, with a current price above its 200-day moving average, indicating a bullish trend.

Portfolio Pulse from Anusuya Lahiri

September 13, 2024 | 12:02 pm

AVGO

Goldman Sachs analyst Toshiya Hari reiterated a Buy rating on Broadcom Inc (NASDAQ:AVGO) with a price target of $190, citing increased AI chip revenue expectations and strategic advancements. Broadcom's AI semiconductor revenue outlook for fiscal 2024 has been revised from $7.5 billion to $12 billion, driven by hyperscaler spending. Broadcom's technological leadership and efficient development cycles are key factors in its growth strategy.

Portfolio Pulse from Anusuya Lahiri

September 13, 2024 | 11:55 am

GOLD

Barrick Gold (NYSE:GOLD) plans to complete a feasibility study for expanding its Lumwana copper mine by the end of the year, with construction starting in 2025. The expansion aims to double plant throughput and increase copper output, enhancing Barrick's position in the copper market. The project is expected to significantly boost cash flow and yield a high internal rate of return.

Portfolio Pulse from Stjepan Kalinic

September 13, 2024 | 11:50 am

AVIR

Atea Pharmaceuticals' shares dropped after the Phase 3 SUNRISE-3 trial for bemnifosbuvir, a COVID-19 treatment, failed to meet its primary endpoint.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 11:47 am

IINN

Inspira Technologies has secured a second U.S. patent for its Orbiting Blood Oxygenation Delivery System, which could enhance its market position and innovation in medical technology.

Portfolio Pulse from Nabaparna Bhattacharya

September 13, 2024 | 11:34 am

DRLL

WEEI

XOM

Exxon Mobil and Mitsubishi have signed an agreement to collaborate on a low-carbon hydrogen and ammonia project at Exxon's Baytown, Texas facility. The project aims to produce significant amounts of low-carbon hydrogen and ammonia by capturing 98% of CO2. A final investment decision is expected in 2025, with operations starting in 2029. This initiative is part of a broader effort to supply low-carbon energy to industries in Japan.

Portfolio Pulse from Lekha Gupta

September 13, 2024 | 11:09 am