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PHO

Photocure ASA's partner Asieris Pharmaceuticals has announced that China's National Medical Products Administration (NMPA) has accepted the new drug application for Hexvix, a bladder cancer detection drug. Hexvix was licensed to Asieris by Photocure for commercialization in mainland China and Taiwan.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 9:32 am

JNPR

Vodafone Business has introduced a new AI-driven SD-LAN service, leveraging Juniper Networks' wired and wireless access platforms to enhance business connectivity and operations.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 9:04 am

TM

Toyota Motor Corp (NYSE:TM) reported record sales and production for October, driven by strong demand for hybrids in North America and Europe. Global sales rose 5.6% year-on-year to 970,313 vehicles, including 327,051 electrified vehicles. U.S. sales outpaced Japan, with 195,799 vehicles sold. Production increased by 12% year-on-year to 1.04 million units, with year-to-date sales up 6.4% and production up 8.6%.

Portfolio Pulse from Anan Ashraf

November 29, 2023 | 9:02 am

ALVO

Alvotech (NASDAQ:ALVO) announced positive top-line results from a pharmacokinetic study for AVT05, a proposed biosimilar to Simponi and Simponi Aria (golimumab). The study met its primary endpoints, assessing pharmacokinetics, safety, and tolerability compared to Simponi in healthy adults.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 9:01 am

BTCUSD

Standard Chartered predicts Bitcoin (BTC) will reach $100,000 by late 2024, citing factors such as Bitcoin's market dominance, miner accumulation, and potential approval of Bitcoin spot ETFs in the U.S. The bank's forecast is also influenced by the expectation of diminishing Treasury yields, which could drive investors towards cryptocurrencies as long-term trades. The upcoming Bitcoin halving event in April is expected to reduce new supply and historically has led to a price peak within 12-18 months.

Portfolio Pulse from Benzinga Neuro

November 29, 2023 | 8:14 am

GGR

Gogoro, a company specializing in electric vehicles and battery swapping, has been recognized by the Small Industries Development Bank of India (SIDBI), making certain Gogoro vehicles eligible for SIDBI's financial programs aimed at boosting electric vehicle (EV) penetration in India. SIDBI is a key financial institution established in 1990 to support the development of Micro, Small, and Medium Enterprises (MSME) in India.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 7:39 am

FFND

GOOGL

TSLA

Gary Black, a Tesla investor, expressed frustration over criticism from other Tesla bulls for his willingness to challenge the company's strategies. He believes that healthy debate on risks is essential for investing. Despite his optimism about Tesla's EV sector dominance, Black has concerns about aggressive price cuts and sees advantages in launching a $25,000 Tesla model. Tesla's stock performance has also been affected by Elon Musk's Twitter acquisition. Tesla is a significant holding in Future Fund's Active ETF (FFND), with Alphabet Inc. as the top holding.

Portfolio Pulse from Shanthi Rexaline

November 29, 2023 | 7:01 am

CRWD

CrowdStrike has expanded its presence in Asia by opening a new hub in Singapore. This strategic move aims to enhance the company's ability to serve its customers in the region and capitalize on the growing cybersecurity market in Asia.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 6:48 am

TSLA

Carter Braxton Worth, a Wall Street technical analyst, criticized Tesla's Cybertruck design on CNBC, suggesting its novelty may wear off due to its appearance. Other analysts and industry figures have also expressed divided opinions on the Cybertruck. Despite this, Tesla has an estimated 2.1 million reservations for the Cybertruck, which could translate to significant revenue. Tesla's stock has shown volatility without much progression over three years. The first Cybertruck deliveries are scheduled for November 30 at Tesla's Texas Gigafactory.

Portfolio Pulse from Anan Ashraf

November 29, 2023 | 6:24 am

SQ

Block Inc. CEO Jack Dorsey led a $6.2M seed funding round for Mummolin, Inc., a company focused on decentralizing Bitcoin mining with its OCEAN initiative. OCEAN aims to address centralization concerns in Bitcoin mining pools by offering a transparent, non-custodial platform that allows miners to receive block rewards directly. The investment round included other participants such as Accomplice and NewLayer Capital. OCEAN's development will continue with further decentralization enhancements planned for 2024.

Portfolio Pulse from Benzinga Neuro

November 29, 2023 | 4:58 am