Streetbeat News

Products Services

DTST

Data Storage Corporation (NASDAQ:DTST) has won a significant contract with a multinational telecommunications company to upgrade and maintain their backup technology. This contract builds on a 12-year relationship, enhancing storage capacity and compliance across multiple countries.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 4:50 pm

BA

FXI

Flight data indicates that a Boeing 737 Max for China Southern Airlines is scheduled to depart from Seattle at 9 a.m. PT on Wednesday, according to Reuters citing FlightRadar 24.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 4:48 pm

HRTX

The FDA has approved Heron Therapeutics Inc's (NASDAQ:HRTX) Zynrelef for additional orthopedic and soft tissue procedures, expanding its use beyond the previously approved indications. This approval increases the potential patient base by an estimated 86%, covering 13 million procedures annually. Heron conducted studies in various surgeries to support this expansion, with no new safety issues found. The company expects significant positive impacts from this label expansion, a recent partnership with CrossLink, and the potential approval of the Vial Access Needle later in the year. Zynrelef has shown superiority over bupivacaine, the standard-of-care, in Phase 3 studies. HRTX shares rose 5.91% to $2.33 following the announcement.

Portfolio Pulse from Vandana Singh

January 24, 2024 | 4:48 pm

GBTC

Cathie Wood, founder of Ark Invest, remains bullish on Bitcoin despite the recent sell-off, viewing it as a significant investment. In a CNBC interview, she highlighted Bitcoin's importance in creating a global monetary system and its accessibility through an ETF. Wood acknowledged a sell-off post-ETF launch, partly due to FTX selling nearly $1 billion in GBTC. She maintains a positive outlook for Bitcoin's future value, with a high price target set for 2030.

Portfolio Pulse from Murtuza Merchant

January 24, 2024 | 4:42 pm

GSUN

Golden Sun Education Group Ltd (GSUN) stock surged 32% to $0.78 following the announcement of a press conference on January 26, where the company will announce its strategic shift into the healthcare and wellness industry in China. The event will be attended by the company's management, local government officials, and media representatives.

Portfolio Pulse from Henry Khederian

January 24, 2024 | 4:40 pm

ANVS

Annovis Bio Inc's stock (ANVS) fell by 20.6% after the company announced a delay in releasing Phase III study data for buntanetap in Parkinson’s Disease due to data cleaning efforts. The company remains blinded to the data, with statistical analysis pending, and commits to open communication regarding the study results.

Portfolio Pulse from Henry Khederian

January 24, 2024 | 4:39 pm

BA

SPR

Spirit Aerosystems Holdings (SPR) shares are up after a report indicated Boeing may have improperly installed a fuselage panel on an Alaska MAX 9 jet, which later detached.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 4:38 pm

RDHL

Redhill Biopharma Ltd. (NASDAQ:RDHL) stock is trading higher after being granted a patent for a method to eradicate helicobacter pylori infections. The stock's volume is above average, with over 7.27 million shares traded compared to the 100-day average of 9.125 million. Additionally, Redhill announced that its investigational drugs, opaganib and RHB-107, showed a synergistic effect with remdesivir in an Ebola virus study. The company's shares have risen 22% to $1.09.

Portfolio Pulse from Erica Kollmann

January 24, 2024 | 4:30 pm

ACN

Accenture (NYSE:ACN) and Mujin have formed a joint venture, Accenture Alpha Automation, focusing on AI and robotics for the manufacturing and logistics industries. The JV, 70% owned by Accenture and 30% by Mujin, aims to integrate operational and management data to enhance data-driven management. Mujin's intelligent robotics platform will be combined with Accenture's Industry X expertise to create solutions that connect manufacturing and logistics data with business management data. The JV will start operations on January 15, 2024, in Tokyo. Additionally, Accenture has invested in Mujin through Accenture Ventures, marking its first Project Spotlight investment in Asia.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 4:30 pm

NXU

Nxu, Inc. (NASDAQ:NXU) stock is surging after the company announced securing patents for a locking mechanism in its NxuOne charging handle and a thermal management solution for EV batteries. The news has led to heavy trading volume, with over 20.56 million shares traded, far exceeding the 100-day average of 588,000 shares. The stock's significant short interest of 11.57% may also be amplifying the price movement. At the time of publication, NXU shares have risen 13% to $1.43.

Portfolio Pulse from Erica Kollmann

January 24, 2024 | 4:06 pm