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TAK

Takeda Pharmaceutical Company Limited (TAK) has received FDA approval for Fruzaqla, a drug for previously treated metastatic colorectal cancer.

Portfolio Pulse from Charles Gross

November 08, 2023 | 10:58 pm

STN

Stantec, a global leader in sustainable design and engineering services, has been awarded two lots on South West Water's Engineering Consultancy Framework. The company will provide project and programme management and engineering design services. Stantec has previously worked with South West Water on its Strategic Consultancy Framework and has significantly boosted its presence in South West England.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 10:56 pm

ASLE

AerSale has revised its FY23 revenue guidance to $400M-$420M, down from the estimated $411.11M. The company attributes this to softer demand in the freight market and supply chain issues affecting the availability of USM and flight equipment. The guidance also includes flight equipment sales scheduled to close by year-end, which may shift to Q1 2024 due to transaction volume and tight closing time frames. The guidance does not include potential sales of AerAware, which is awaiting FAA approval.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 10:47 pm

CSTL

Castle Biosciences, Inc. (NASDAQ:CSTL) announced data from a study demonstrating the consistent impact of IDgenetix on medication response and remission rates in patients with major depressive disorder (MDD). The study found that real-world patient outcomes were strongly aligned to the results of a previously published randomized controlled trial (RCT) that demonstrated IDgenetix-guided medication management significantly improved response and remission rates for patients with MDD. The data will be shared at the 2023 Neuroscience Education Institute (NEI) Congress.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 10:46 pm

AWK

Pennsylvania American Water, a subsidiary of American Water (AWK), has filed a rate adjustment request with the Pennsylvania Public Utility Commission. The request is driven by the company's commitment to invest $1 billion in water and wastewater system improvements through mid-2025. If approved, the average residential water bill would increase by approximately $17 per month, while the average residential wastewater bill for sanitary sewer service would decrease by approximately $5 per month. The company is also proposing to expand its income-based monthly bill discount program, potentially benefiting an additional 55,000 customers.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 10:35 pm

RKLB

Rocket Lab USA, Inc. (NASDAQ:RKLB) has announced a return to launch window for its Electron launch vehicle, set to open on November 28th, 2023. The company has been conducting an extensive review into the cause of an anomaly that resulted in the loss of its 41st Electron mission launched on September 19th, 2023. The investigation indicates that an unexpected electrical arc occurred within the power supply system, shorting the battery packs that provide power to the launch vehicle's second stage. Rocket Lab is implementing corrective measures to prevent a recurrence of the fault.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 10:30 pm

KRMD

KORU Medical Systems, Inc. (NASDAQ:KRMD) has announced a development agreement with a biopharmaceutical manufacturer to develop and seek regulatory approval for a next-generation infusion system for its subcutaneous immunoglobulin (SCIg) therapy. The new system is intended to facilitate easier home therapy and allow pharmacies to use one pump for their SCIg patients, regardless of whether the drug is provided in a vial or prefilled syringe.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 10:23 pm

BMEA

Biomea Fusion, Inc. (NASDAQ:BMEA) will present new data from its ongoing Phase II study of BMF-219 in patients with Type 2 Diabetes at the World Congress Insulin Resistance, Diabetes & Cardiovascular Disease. The abstract will discuss the role of menin as a regulator of glycemic control and beta-cell mass, and illustrate the mechanism of action of BMF-219. Topline data of the escalation portion of COVALENT-111 will be announced in December.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 10:21 pm

AMZN

FILUSD

GOOGL

Rachel Green Horn, the head of Marketing and Communications at Filecoin Foundation, highlighted the internet's fragility and the importance of data ownership during a panel discussion at Benzinga's Future of Digital Assets 2022 edition. She emphasized that Filecoin incentivizes storage providers to participate by offering them the chance to earn Filecoin as they store data, representing a practical application of cryptocurrency beyond speculation.

Portfolio Pulse from Jose Rodrigo Safdiye

November 08, 2023 | 10:02 pm

DIS

Disney has announced that it expects a slight decline in core Disney Plus subscribers in fiscal Q1 compared to Q4. This is due to an expected temporary increase in churn resulting from recent U.S. price increases and the end of the summer promotion.

Portfolio Pulse from Charles Gross

November 08, 2023 | 10:01 pm