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ReShape Lifesciences has been granted U.S. Patent #11779482 for an 'Intragastric Device For Treating Obesity'. This could potentially boost the company's market position in the obesity treatment sector.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 6:33 pm

ADBE

AMZN

Amazon.com Inc has initiated its fall sale for Prime members, with purchases of low-cost items dominating. The average spend during the first eight hours of the sale was $38, a 2% increase from the previous year. The data reveals a consumer focus on affordability, with about 60% of items sold costing less than $20. This cautious spending can be attributed to persistent inflation and increasing debt obligations. However, Adobe Inc projects a 4.8% rise in U.S. online sales to $222 billion during November and December.

Portfolio Pulse from Anusuya Lahiri

October 11, 2023 | 6:30 pm

BIIB

DGX

ESALY

LH

LLY

RHHBY

Blood tests for diagnosing Alzheimer's disease are in development but not yet approved by regulators or insurance reimbursement. Eisai Co Ltd's and Biogen Inc's new Alzheimer's drug, Leqembi, currently relies on cognitive assessments or invasive cerebrospinal fluid tests. Laboratory Corporation Of America Holdings and Quest Diagnostics Incorporated have introduced blood tests measuring amyloid, tau, and neurodegeneration. Eli Lilly And Co is working with Quanterix on an experimental tau biomarker blood test and has partnered with Roche Holdings AG to develop a test measuring blood levels of a different tau protein and a gene associated with Alzheimer's risk.

Portfolio Pulse from Vandana Singh

October 11, 2023 | 6:27 pm

PHIO

Phio Pharmaceuticals Corp's stock is trading higher after the company announced the presentation of two preclinical studies of its INTASYL compound PH-894 at a conference. The first study shows that melanoma cells treated with PH-894 become more recognizable to immune cells, potentially increasing their destruction by T cells. The second study demonstrates PH-894's effectiveness as an antitumor cytotoxic agent, killing various human cancer cell lines. PHIO shares are up 64.0%.

Portfolio Pulse from Vandana Singh

October 11, 2023 | 6:24 pm

AAPL

GOOG

MSFT

Microsoft and Google have introduced new AI initiatives to support the healthcare industry. Google is working on making passwords obsolete and has introduced AI initiatives to help healthcare organizations improve their access to information. Microsoft is aiming to solve the healthcare industry's data problem by integrating patient data to help healthcare workers make more informed decisions. Apple has also made steps into healthcare, promising to change consumer healthcare with non-invasive continuous glucose monitoring.

Portfolio Pulse from Upwallstreet

October 11, 2023 | 6:23 pm

MRMD

MariMed Inc. (OTC:MRMD) has expanded its retail footprint with the opening of an adult-use Thrive dispensary in Casey, Illinois. This is the fifth dispensary in Illinois and the 12th in MariMed’s portfolio across five states. The company also plans to commence operations at its processing facility in Mt. Vernon, Illinois in the fourth quarter, and anticipates the completion of its cultivation facility in early 2024. MariMed operates five of the state’s 130 licensed cannabis dispensary locations.

Portfolio Pulse from The Dales Report

October 11, 2023 | 6:20 pm

JNJ

Johnson & Johnson's DePuy Synthes has received FDA clearance for its TriLeap Lower Extremity Anatomic Plating System. The system is expected to be available in the U.S. in 2024.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 6:18 pm

TTWO

Raymond James analyst Andrew Marok has upgraded Take-Two Interactive Software Inc (NASDAQ:TTWO) to Outperform from Market Perform and maintained a price target of $170. The upgrade is based on the company's growth potential, particularly with the expected release of Grand Theft Auto 6 (GTA 6). The analyst expects bookings to rise to $8 billion in FY25, indicating a GTA 6 game release in the holiday season of 2024. Marok also sees potential opportunities in other areas, including new installations of existing franchises and new IP and business models.

Portfolio Pulse from Lekha Gupta

October 11, 2023 | 5:52 pm

AMC

AMC Entertainment Holdings, Inc (NYSE:AMC) saw a 5% spike in its stock, continuing a six-day bullish streak ahead of the release of 'Taylor Swift: The Eras Tour'. The concert film has already brought in over $100 million in worldwide advance ticket sales. AMC is currently trading in an uptrend and is possibly setting up a cup-and-handle pattern. However, a pullback is expected as the stock hasn’t retraced since Oct. 3. The stock has resistance above at $12.22 and at $14.68 and support below at $9.90 and at $8.51.

Portfolio Pulse from Melanie Schaffer

October 11, 2023 | 5:51 pm

MTNB

Matinas Biopharma Holdings, Inc. (AMEX:MTNB) shares are trading higher after the company announced complete clinical resolution of a patient's recurrent hemorrhagic cystitis following treatment with MAT2203. The patient was treated under Matinas' Expanded Access/Compassionate Use Program. The company's shares are moving on very heavy trading volume, with more than 197 million shares traded in the session, far exceeding the stock's 100-day average of 1.146 million shares. The shares are up 113% at 33 cents at the time of publication.

Portfolio Pulse from Erica Kollmann

October 11, 2023 | 5:44 pm