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PXMD

PaxMedica has announced the publication of its Autism Spectrum Disorder Phase 2 study results in a peer-reviewed journal. The results of the study could have significant implications for the company's future developments and stock performance.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 1:29 pm

SNTI

VTYX

Several stocks are experiencing significant pre-market movements. Senti Biosciences, Tharimmune, TransMedics Group, GSE Systems, Unisys Corporation, Alteryx, Augmedix, Color Star Technology, CF Acquisition Corp. IV, and Tripadvisor reported gains due to various reasons such as strategic collaborations, licensing agreements, better-than-expected Q3 results, and strong FY23 revenue guidance. On the other hand, Ventyx Biosciences, Alto Ingredients, MSP Recovery, Coherus BioSciences, Ameresco, Aura Biosciences, Clover Health Investments, Trevena, Tenon Medical, and NanoString Technologies reported losses due to reasons such as disappointing trial results, mixed Q3 results, and weak quarterly sales.

Portfolio Pulse from Lisa Levin

November 07, 2023 | 1:28 pm

NFLX

Netflix has announced that it will increase its subscription prices ahead of the holiday season. The price hikes are expected to affect all of its U.S. customers.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 1:27 pm

AAPL

QCOM

SSNLF

Leaked benchmarks suggest that Samsung's upcoming Galaxy S24 could be a strong competitor to Apple's iPhone 15 Pro. The Galaxy S24 Ultra, powered by Qualcomm's Snapdragon 8 Gen 3 chipset, has recorded impressive scores on Geekbench listings, although slightly lower than the iPhone 15 Pro Max. Samsung aims to ship 35 million units of the Galaxy S24 series in 2024, a 10% increase from the Galaxy S23’s 31 million units. The company is also incorporating AI technology and high-quality materials in its aggressive strategy to capture a larger market share.

Portfolio Pulse from Rounak Jain

November 07, 2023 | 1:26 pm

LI

TSLA

Despite strong weekly insurance data from China and rumors of a price hike, Tesla, Inc. (NASDAQ:TSLA) shares traded down in premarket trading on Tuesday. The insurance registrations for Tesla EVs in China were reported at 14,000 units for the week ended Nov. 5. There are also rumors that Tesla China is planning price increases for Model Y SR and LR in the coming weeks. However, the decline in Tesla's stock could be due to the decline in the U.S. stock futures. Separately, Morgan Stanley’s Adam Jonas suggested that Tesla’s stock price might not increase unless the company avoids earnings disappointment, expands EVs beyond the current lineup, and shifts focus to capital-light revenue avenues.

Portfolio Pulse from Shanthi Rexaline

November 07, 2023 | 1:17 pm

MSFT

ORCL

Oracle has announced a multi-year agreement with Microsoft to support the growth of AI services. Microsoft will use Oracle Cloud Infrastructure (OCI) AI infrastructure, along with Microsoft Azure AI infrastructure, to power Microsoft Bing conversational searches. The collaboration will expand access to customers and improve the speed of many search results.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 1:13 pm

NFE

New Fortress Energy Inc. (NASDAQ:NFE) has secured $575 million in asset-based financing from Banco Nacional de Desenvolvimento Econômico e Social, Lumina Capital Management, and BTG Asset Management. The funds will be used to complete the construction of the 630 MW Barcarena power plant in Brazil, which is 37% complete and is expected to commence operations in Q3 2025. The company's conversion of the Energos Celsius to a Floating Storage and Regasification Unit is on schedule for November completion.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 1:12 pm

GIC

Global Industrial Company (NYSE:GIC) has announced a contract with Vizient for floor cleaning equipment. The agreement will provide Vizient's healthcare customers with increased savings on Global Industrial's floor care equipment. This deal is expected to enhance Global Industrial's presence in the healthcare market.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 1:11 pm

SOBR

SOBR Safe, Inc. (NASDAQ:SOBR) has secured its first mental health customer, The Mental Health Collective, which will use SOBRcheck to replace breathalyzers for routine alcohol screening in one of its facilities. If successful, the technology will be rolled out to other locations. This marks SOBRsafe's entry into the behavioral health market.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 1:11 pm

POLA

Polar Power, Inc. (NASDAQ:POLA) announces the delivery of its new 27 kW Summit Series diesel fueled DC generators to the U.S. telecom market. The product is expected to drive higher levels of orders, sales, and profits for the company due to robust demand from US Tier 1 5G operators. The company anticipates exceeding its previous annual peak DC generator sales of $20M from this series alone within the next two to three years.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 1:10 pm