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NVAX

Novavax announced that the FDA has authorized its updated COVID-19 vaccine, which is designed to offer better protection against currently circulating variants.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2024 | 6:28 pm

NTES

NetEase is reportedly closing its Tokyo-based Ouka Studios, known for the game Visions of Mana, due to strategic adjustments in response to market conditions. This move reflects a broader industry trend of adapting to changing market dynamics.

Portfolio Pulse from Franca Quarneti

August 30, 2024 | 6:27 pm

USO

Oil prices are declining due to reports that OPEC+ might increase oil production. This development could impact oil-related assets, including ETFs like USO.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2024 | 6:26 pm

AMD

NVDA

Nvidia's new Blackwell chips, which are larger and more complex, face manufacturing challenges impacting profit margins. Analysts remain optimistic, with price targets set at $138 and $200, citing strong data center sales and future growth potential.

Portfolio Pulse from Anusuya Lahiri

August 30, 2024 | 6:15 pm

TONUSD

Telegram, co-founded by Pavel Durov, derives 40% of its revenue from crypto-related operations, including an integrated wallet and sale of collectibles. Despite an operating loss, the company has raised significant investment and is valued over $30 billion. Durov's arrest in France raises concerns about Telegram's future.

Portfolio Pulse from Khyathi Dalal

August 30, 2024 | 6:10 pm

ACI

JNJ

KVUE

RADCQ

Kenvue Inc. (NYSE:KVUE) successfully defended against a lawsuit claiming its Tylenol 'Rapid Release' gelcaps misled consumers. The court ruled in favor of Kenvue, citing FDA regulations. This decision reinforces FDA's authority over drug labeling.

Portfolio Pulse from Vandana Singh

August 30, 2024 | 5:47 pm

BBY

RDIV

SNPD

Best Buy's recent financial results exceeded expectations, leading several analysts to raise their price targets for the company. Analysts highlight the potential for growth driven by AI adoption and margin expansion, despite challenges in the consumer electronics sector. Best Buy's strategic initiatives and leadership are seen as strengths, positioning the company for future growth.

Portfolio Pulse from Lekha Gupta

August 30, 2024 | 5:46 pm

LLY

NVO

A recent ruling by U.S. District Judge Karen Marston in a multidistrict litigation involving diabetes and weight-loss drugs like Ozempic, Wegovy, and Mounjaro, developed by Novo Nordisk and Eli Lilly, could shape the outcome of the lawsuits. The litigation focuses on alleged side effects, specifically gastroparesis, and whether the drug labels adequately warned of these risks. The judge's decision to address key legal questions early could streamline or halt the litigation.

Portfolio Pulse from Vandana Singh

August 30, 2024 | 5:38 pm

HAS

MAT

NTOIF

NTOIY

Lego plans to reduce oil content in its bricks by 2032, facing higher production costs due to the use of renewable and recycled materials. Competitors like Hasbro and Mattel are also exploring sustainable materials.

Portfolio Pulse from Vandana Singh

August 30, 2024 | 5:22 pm

INTC

MDB

MRVL

NVDA

Nvidia's halt in sell-off and strong earnings from Marvell Technology and MongoDB have led to a slight rebound in semiconductor stocks. The dollar rose as traders adjusted Fed rate cut expectations, impacting commodities. Major indices showed mixed performance, with notable stock movements including Intel's rise on restructuring rumors.

Portfolio Pulse from Piero Cingari

August 30, 2024 | 5:12 pm