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SHIBUSD

Japanese crypto exchange BitTrade has announced that it will add Shiba Inu (CRYPTO: SHIB) and Dogecoin (CRYPTO: DOGE) to its platform, effective Oct. 18, 2023. This move could potentially push token prices higher. Shiba Inu's burn rate has surged by more than 270% in the past 24 hours, with 48 million SHIB tokens permanently removed from circulation. Dogecoin, favored by billionaire Elon Musk, has a significant number of wallets with unrealized earnings.

Portfolio Pulse from Khyathi Dalal

October 16, 2023 | 7:27 pm

ESTA

Establishment Labs has announced that the FDA has cleared its Motiva Flora SmoothSilk Tissue Expander, leading to a rise in the company's shares.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 7:17 pm

SONY

Sony Group Corp.'s Marvel's Spider-Man 2 game has received positive reviews, with a score of 91 on Metacritic out of 119 reviews. The game, developed by Insomniac Games, is set for release on Oct. 20. Critics praised the game's narrative, open-world New York City setting, and web-slinging action.

Portfolio Pulse from Franca Quarneti

October 16, 2023 | 7:08 pm

ENPH

BMO Capital Markets analyst Ameet Thakkar has downgraded Enphase Energy Inc (ENPH) to Market Perform from Outperform and lowered the price target to $148 from $175. The downgrade is due to a deeper than expected trough in U.S. residential solar demand and uncertain recovery timing. Thakkar projects ENPH to resume sequential revenue growth in Q2 FY24, but forecasts only a modest 2% Y/Y increase. He doesn't expect U.S. inverter demand to return to 2022 levels until 2025-2026. ENPH has started shipping IQ8 Microinverters in India.

Portfolio Pulse from Lekha Gupta

October 16, 2023 | 7:03 pm

IBM

New York Governor Kathy Hochul has announced a joint investment of $20 million by UAlbany and IBM to support the Center for Emerging Artificial Intelligence Systems. This initiative is expected to boost the development and application of AI technologies.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 6:56 pm

MREO

RARE

Ultragenyx Pharmaceutical Inc (NASDAQ:RARE) and Mereo BioPharma Group plc (NASDAQ:MREO) released interim data from the Phase 2 portion of the Phase 2/3 Orbit study of setrusumab. The data showed that setrusumab significantly reduced the incidence of fractures in patients with osteogenesis imperfecta. The annualized fracture rate across all 24 patients in the study was reduced by 67%. Following the news, MREO shares are up 31.78% at $1.70, and RARE shares are up 13.26% at $38.02.

Portfolio Pulse from Vandana Singh

October 16, 2023 | 6:31 pm

MLTX

MoonLake Immunotherapeutics (NASDAQ:MLTX) announced positive 24-week topline results from its Phase 2 MIRA trial of sonelokimab for moderate-to-severe hidradenitis suppurativa (HS). The data showed further improvements in HiSCR75 response rates and other clinically relevant outcomes. Needham maintains a Buy rating for MLTX, with a price target of $76. MLTX shares are up 10.20% at $60.24.

Portfolio Pulse from Vandana Singh

October 16, 2023 | 6:30 pm

BA

Boeing Business Jets (BBJ) has introduced a new way to customize cabin interiors for the BBJ 737-7, reducing costs and accelerating delivery of new VIP jets. The new 'BBJ Select' offers a range of pre-designed cabin layouts and configurations to expedite installation, while lowering the total purchase price of the airplane. The BBJ Select cabins are exclusively available for the BBJ 737-7, the newest member of the BBJ 737 MAX family.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 6:07 pm

AMAM

Ambrx Biopharma Inc (NASDAQ:AMAM) announced updated safety and efficacy data from the ongoing Phase 1/2 trial, APEX-01, evaluating ARX517 for metastatic castration-resistant prostate cancer. The data shows promising results, with 7 out of 9 patients experiencing a ≥50% prostate-specific antigen reduction. However, the company's shares are down 30.4% at $9.78.

Portfolio Pulse from Vandana Singh

October 16, 2023 | 6:00 pm

HMC

Honda Motor Co Ltd (NYSE:HMC) has expanded its payment options to include 46 cryptocurrencies, but only through the third-party platform, FCF Pay. Honda itself does not accept cryptocurrency payments directly. FCF Pay, which made the system live in September 2023, is currently available in the U.S. and is seeking additional partners for crypto-to-fiat bill settlement in Mexico, Latin America, Africa, and Asia. Other car manufacturers, including Mercedes, BMW, Ford, Nissan, and Mitsubishi, also use crypto to buy cars.

Portfolio Pulse from Khyathi Dalal

October 16, 2023 | 6:00 pm