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UTME

Utime has signed a non-disclosure agreement to acquire Bowen Therapeutics Inc, a company involved in making monkeypox vaccines. The acquisition aims to support the completion of FDA registration for these vaccines.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 2:58 pm

BEP

ENPH

GEV

GRID

ICLN

TAN

VWDRY

Clean energy jobs in the U.S. grew at twice the rate of overall jobs in 2023, driven by policies and investments in infrastructure and inflation reduction. The solar and wind sectors saw significant job growth, and unionization rates in clean energy surpassed the overall energy sector. Stocks of clean energy companies and related ETFs showed mixed performance.

Portfolio Pulse from Michael Juliano

August 28, 2024 | 2:51 pm

ETHUSD

SOLUSD

Bloomberg Intelligence ETF analyst James Seyffart suggests that political factors, including Donald Trump's pro-Bitcoin stance, influenced the SEC's approval of Ethereum ETFs. The approval was unexpected due to the lack of typical signals, and further crypto ETF products may emerge, though others like Solana face hurdles.

Portfolio Pulse from Khyathi Dalal

August 28, 2024 | 2:48 pm

PFE

Flagship Pioneering has expanded its strategic partnership with Pfizer through two new research programs with Quotient Therapeutics. These programs focus on somatic mutations for cardiovascular and renal disease therapies, building on a collaboration initiated in July 2023.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 2:45 pm

BNO

USO

Oil prices are declining due to supply disruptions in Libya and weak demand in China. Additionally, a smaller-than-expected draw in crude inventories and a build in distillate stocks are contributing to the downward pressure.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 2:42 pm

SERV

SHAK

Shake Shack has partnered with Serve Robotics to deliver meals using autonomous robots, as reported by Fox Business. This collaboration could enhance Shake Shack's delivery efficiency and Serve Robotics' market presence.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 2:22 pm

TGT

This week in investing, key topics include uranium production cuts by Kazatomprom, significant job data revisions in the U.S., political proposals for taxing unrealized capital gains, a rise in gold prices, and Target's earnings report. Kazatomprom's production cuts amidst rising demand suggest a potential increase in uranium prices. The U.S. job market saw a major downward revision, raising concerns about economic strength. Political proposals for taxing unrealized gains could disrupt investment strategies. Gold prices hit a new high as the Fed signals rate cuts. Target's earnings beat estimates, but future growth guidance is lowered.

Portfolio Pulse from Gary Brode

August 28, 2024 | 2:15 pm

VRAX

Virax Biolabs Group Limited (NASDAQ:VRAX) stock surged 30.3% after announcing a distribution agreement for RT-PCR Mpox detection kits in 13 European countries and the Gulf Cooperation Council. The kits have high sensitivity and specificity rates, providing results in under 70 minutes.

Portfolio Pulse from Dylan Berman

August 28, 2024 | 2:14 pm

META

Meta Platforms announced that parents who have approved access to a managed Meta account for their preteens will soon be able to approve access to specific experiences in Meta Horizon Worlds.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 2:08 pm

POSAF

POSaBIT Systems Corporation reported a 69% year-over-year revenue drop for Q2 2024, but improved its net loss by 71%. The company achieved adjusted EBITDA profitability and positive free cash flow, launched new products, and saw a 28.61% increase in share price.

Portfolio Pulse from Nina Zdinjak

August 28, 2024 | 2:06 pm