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APIE

BABA

JHEM

MA

Alibaba and Mastercard have launched a co-branded credit card for US business owners, offering rewards and special financing for purchases on Alibaba.com. This initiative is part of Alibaba's strategy to boost its international business amid domestic challenges.

Portfolio Pulse from Anusuya Lahiri

September 06, 2024 | 12:39 pm

SHOT

Safety Shot has received a Notice of Allowance for a new patent, enhancing its intellectual property portfolio. This patent supports the company's formulations that rapidly reduce blood alcohol content, reinforcing its clinically backed claims.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 12:32 pm

ZVRA

Zevra Therapeutics presented five posters at the SSIEM 2024 Symposium, showcasing the efficacy of Arimoclomol in treating Niemann-Pick Disease Type C and data on OLPRUVA for Urea Cycle Disorders.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 12:32 pm

BNO

DBO

OILK

USL

USO

OPEC+ has decided to delay its planned oil output increase for October and November due to recent drops in crude prices. This decision has temporarily lifted oil prices, but concerns remain about future demand and supply dynamics. Analysts suggest that OPEC+ may need to maintain cuts to stabilize prices.

Portfolio Pulse from Lekha Gupta

September 06, 2024 | 12:23 pm

BABA

BIDU

NVDA

Nvidia AI chips are being smuggled into China, allowing smaller cloud providers to offer competitive rates despite U.S. sanctions. This highlights ongoing Chinese investment in AI and the impact of export controls on companies like Alibaba and Nvidia.

Portfolio Pulse from Anusuya Lahiri

September 06, 2024 | 12:18 pm

ASML

The Dutch government has expanded export restrictions on advanced semiconductor manufacturing equipment, impacting ASML Holding N.V. (NASDAQ:ASML). These restrictions are seen as a national security measure and align with U.S. efforts to limit exports to China. ASML states that the changes are technical and won't affect its financial outlook for 2024.

Portfolio Pulse from Benzinga Neuro

September 06, 2024 | 12:12 pm

NVDA

Nvidia's AI chips, despite US export restrictions, are available for rent in China at lower rates than in the US. This suggests a significant supply of Nvidia chips in China, potentially bypassing US restrictions.

Portfolio Pulse from Benzinga Neuro

September 06, 2024 | 12:11 pm

TCBI

Texas Capital Bancshares announced strategic acquisitions, balance sheet repositioning, and new initiatives as part of its transformation plan. The company aims to enhance client services and long-term value creation. Key actions include acquiring a $400 million healthcare portfolio, selling $1.24 billion in securities to purchase higher-yielding ones, and launching new platforms like Direct Lending and Public Finance.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 12:06 pm

SVRE

SaverOne has extended its agreement with Froneri to equip Froneri's entire fleet in Israel with SaverOne systems. This move signifies a strengthening partnership and potential growth for SaverOne in the Israeli market.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 12:04 pm

VTYX

Ventyx Biosciences has initiated a Phase 2a trial for its drug VTX3232, targeting early Parkinson's Disease, with the first patient dosed. This marks a significant step in the company's drug development pipeline.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 12:03 pm