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JAZZ

Jazz Pharmaceuticals (NASDAQ:JAZZ) will present data from nine abstracts at the 2023 American Epilepsy Society Annual Meeting, emphasizing its commitment to treatment-resistant epilepsy. The presentations will include real-world outcomes of Epidiolex (cannabidiol) in treatment-resistant focal epilepsies and data on caregiver-reported outcomes in patients with tuberous sclerosis complex (TSC) prescribed Epidiolex. The data suggests sustained reduction in focal-onset seizures and improvements in cognition, emotional functioning, and communication in patients. The Expanded Access Program (EAP) and GWPCARE6 Open-Label Extension (OLE) trial results will also be shared.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 2:09 pm

FOXO

FOXO Technologies Inc. (NYSE:FOXO) is set to begin the commercial rollout of its VITHAR AI Health Coach in early 2024. The company anticipates a reduction in losses exceeding $10 million for Q3 2023 compared to the previous quarter, including operational cost savings of over $2.1 million. Interim CEO Mark White highlighted progress in the VITHAR rollout and plans to use KR8's social media network for marketing. FOXO expects to report annualized cost savings of over 52% for 2023 and aims to maintain a lean operating structure to scale the business and drive profitability post-launch.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 2:08 pm

BETS

Bit Brother Limited (NASDAQ:BETS) has announced the purchase of 3300 units of Antminer S19 miners to boost its Bitcoin mining operations. The investment is expected to increase the company's total hash rate to 400,000 TH/s, enhancing its position in the cryptocurrency mining industry. The company's technical team has optimized the performance of the mining machines to improve efficiency and returns for investors.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 2:05 pm

CLSK

CleanSpark Inc. (NASDAQ:CLSK) reported mining 666 Bitcoin in November 2023, a 24% increase from the previous year. The company highlighted improved efficiency, with energy usage dropping to 26.4 J/Th, and a significant increase in production from fees, particularly due to interest in ordinals. Operational uptime was 99.98%. CleanSpark sold 402 BTC at an average price of $36,600 per BTC, totaling approximately $14.7 million in proceeds. The current hashrate is 10.08 EH/s, and the construction of the Sandersville site is on track for year-end completion.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 2:05 pm

PCTY

Paylocity (NASDAQ:PCTY), a provider of cloud-based HR and payroll software, has acquired TraceHQ.com, Inc., a company offering solutions for headcount planning. This acquisition aims to enhance Paylocity's HCM platform by adding strategic headcount planning capabilities, which is increasingly important due to changing workforce dynamics. Paylocity's Co-CEO highlighted the need for nimble headcount planning solutions. The acquisition is not expected to materially impact Paylocity's Q2 and fiscal 2024 financial results, and the company will provide updated financial guidance in its Q2 fiscal 2024 earnings release.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 2:04 pm

PRST

Presto Automation (NASDAQ:PRST) has appointed Kat Hoffman-Flynt as Chief Operating Officer, effective immediately. With over 20 years of experience, she has been with Presto since 2019 and has previously held executive roles at Gordon Biersch Brewery Restaurants and CraftWorks Restaurants & Breweries, Inc. Her focus will be on overseeing operations and ensuring the company meets its goals while delivering excellence to customers.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 2:03 pm

SCLX

Scilex Holding Company (NASDAQ:SCLX) reported significant growth in both gross and net sales for November 2023 and year-to-date through November 30, 2023. ZTlido, their non-opioid pain management product, showed gross sales between $14.0 million to $15.0 million for November, with a projected annual growth of 46% to 56%. Net sales for November ranged from $3.9 million to $4.5 million, indicating a potential annual increase of 16% to 32%. Overall, the company's total product gross and net sales also exhibited substantial growth compared to the previous year.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 2:01 pm

BIDU

NVDA

SSNLF

TSM

Nvidia Corp (NVDA) stock fell nearly 3% on Thursday due to concerns over the performance of its upcoming AI chip for China, the HGX H20, which is reported to have only about 20% of the computing power of Nvidia's H100. Chinese LLM developers, including Baidu Inc (BIDU), are seeking alternatives such as Huawei's Ascend AI chips. Nvidia's next-generation GPU is expected to be produced by Taiwan Semiconductor Manufacturing Co (TSM) and potentially packaged by Samsung Electronics Co (SSNLF), which is investing in 2.5D packaging technology.

Portfolio Pulse from Anusuya Lahiri

December 01, 2023 | 1:54 pm

APLS

Apellis Pharmaceuticals updated the USPI for SYFOVRE to include rare events of retinal vasculitis in patients treated with the drug. The estimated rate of these events is 0.01% per injection for the treatment of geographic atrophy secondary to age-related macular degeneration. This update was made in collaboration with the FDA and follows more than 120,000 injections administered as of November 18, 2023.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 1:51 pm

META

WhatsApp, owned by Meta Platforms Inc. (NASDAQ:META), has enhanced its Chat Lock feature, allowing users to set unique passwords, including emojis, to secure their private conversations. This update adds to the existing biometric and screen lock security measures, providing an extra layer of privacy for the billions of users globally who rely on WhatsApp for personal and professional communication.

Portfolio Pulse from Rounak Jain

December 01, 2023 | 1:46 pm