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SHIBUSD

Shiba Inu (SHIB) burned 12 million coins in 24 hours, with new accounts more than doubling. Despite these developments, technical indicators suggest a bearish trend, with a 58.8% drop in large transaction volume and 53% of holders at a loss.

Portfolio Pulse from Khyathi Dalal

September 06, 2024 | 2:53 pm

AVGO

GOOG

GOOGL

META

Broadcom Inc. (NASDAQ:AVGO) has reported strong earnings and revenue for the third quarter, driven by its AI semiconductor segment and VMware business. Despite the positive results, the stock has dipped in premarket trading. Analysts have raised AI revenue forecasts and price targets, indicating confidence in Broadcom's growth potential.

Portfolio Pulse from Surbhi Jain

September 06, 2024 | 2:42 pm

CPCAY

DAL

EADSY

Airlines, including Delta Air Lines, are conducting inspections of their Airbus A350 fleets following an engine issue identified by Cathay Pacific. The issue affects A350-1000 models with Rolls-Royce engines, but not the A350-900 model operated by Delta. The European Union Aviation Safety Agency has issued a directive for inspections. Delta emphasizes its commitment to safety.

Portfolio Pulse from Nabaparna Bhattacharya

September 06, 2024 | 2:41 pm

TSLA

Morgan Stanley's Adam Jonas reiterates Tesla as the top pick in the U.S. auto industry, highlighting its diversification strategy and cost control efforts. Despite a significant drop in Tesla's stock price, the company is praised for mitigating risks and expanding into AI and energy sectors. Expectations for the upcoming Robotaxi Day are muted.

Portfolio Pulse from Shanthi Rexaline

September 06, 2024 | 2:41 pm

NNE

NANO Nuclear Energy Inc. has announced the addition of Anuj Dubey, Ph.D., and Congjin Ding, Ph.D., to its research team, focusing on the development of the 'ODIN' microreactor. This development aims to enhance the company's expertise in nuclear technology and expedite the microreactor's development and licensing process.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 2:33 pm

TNON

Tenon Medical has received a Notice of Allowance for a U.S. patent on its systems and methods for stabilizing sacroiliac joints. This development could enhance its product offerings and market position.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 2:33 pm

BVNKF

BVNRY

The Democratic Republic of Congo received its first batch of mpox vaccines, nearly two years after declaring an epidemic. The vaccines, MVA-BN, are produced by Bavarian Nordic A/S and are the only approved mpox vaccines in several regions. The delay in vaccine distribution is attributed to regulatory and logistical challenges.

Portfolio Pulse from Vandana Singh

September 06, 2024 | 2:03 pm

TAK

TEVA

VTRS

The DEA has authorized a 24% increase in production limits for Takeda's Vyvanse to address the ADHD medication shortage in the U.S. and meet international demand. This move follows the FDA's request and aims to stabilize supply amid rising demand and manufacturing delays.

Portfolio Pulse from Vandana Singh

September 06, 2024 | 1:46 pm

PFE

VOR

Vor Biopharma Inc. (NASDAQ:VOR) announced promising clinical data from its Phase 1/2 VBP101 study for treating acute myeloid leukemia (AML) with trem-cel and Pfizer's Mylotarg. The data showed reliable engraftment and early patient benefits, leading to a 28.5% increase in VOR's stock price. Vor Bio plans to discuss a pivotal trial with the FDA and has announced a new preclinical asset, VADC45.

Portfolio Pulse from Vandana Singh

September 06, 2024 | 1:35 pm

DAVA

EPAM

GLOB

JPMorgan has identified Endava Plc (NYSE:DAVA) as a 'top pick' in the IT services sector, projecting over 50% upside due to its strong position in digital transformation. Despite macroeconomic concerns, Endava's growth prospects in high-demand sectors like payments and telecoms make it a promising investment.

Portfolio Pulse from Surbhi Jain

September 06, 2024 | 1:28 pm