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ALNY

Alnylam Pharmaceuticals reported a typo in their presentation that misstated the benefits of their heart drug. This error was clarified during a company call.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2024 | 1:42 pm

AAL

AAPL

BRK

DAL

KO

LUV

UAL

Warren Buffett's Berkshire Hathaway reached a $1 trillion market cap milestone, marking it as the first non-tech U.S. company to do so. The article highlights Buffett's investment journey, including significant investments in Coca-Cola, Geico, and Apple, and his decision to sell airline stocks during the pandemic.

Portfolio Pulse from Chris Katje

August 30, 2024 | 1:38 pm

DELL

SCWX

Dell Technologies Inc. shares rose after reporting better-than-expected Q2 results, with a 9% revenue increase and strong AI momentum. Dell is considering selling SecureWorks to reduce debt. B of A Securities raised Dell's price target to $155. Dell shares are up 44% this year.

Portfolio Pulse from Erica Kollmann

August 30, 2024 | 1:37 pm

KARS

KGRN

NIO

NIO Inc. shares are trading higher due to a surge in deliveries, driven by improvements in its Battery as a Service (BaaS) offering. Over 70% of users have opted for battery rental, reducing initial purchase costs and monthly fees. NIO's deliveries have doubled since the BaaS policy update in March.

Portfolio Pulse from Nabaparna Bhattacharya

August 30, 2024 | 1:20 pm

BBIO

BridgeBio Pharma shares rise following Alnylam Pharmaceuticals' positive data from the HELIOS-B Phase 3 study of vutrisiran. BridgeBio's ATTR-CM therapy, acoramidis, is under FDA priority review with a decision expected by November 29.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2024 | 1:07 pm

BUYZ

IYT

UBER

Uber Technologies, Inc. reaffirms its commitment to the South Korean market, aiming to increase its market share by attracting more taxi drivers. Despite Kakao's dominance, Uber is optimistic about its growth prospects. The company re-entered the market in 2021 through a joint venture with SK Group.

Portfolio Pulse from Lekha Gupta

August 30, 2024 | 12:56 pm

NCNA

NuCana plc (NASDAQ:NCNA) announced the discontinuation of its NuTide:323 study after disappointing data, leading to a significant stock drop. The study aimed to compare NUC-3373/NUFIRI-bev to FOLFIRI-bev for colorectal cancer. Despite the setback, other studies with NUC-3373 and NUC-7738 continue. William Blair downgraded the stock to Market Perform.

Portfolio Pulse from Vandana Singh

August 30, 2024 | 12:47 pm

NVDA

Nvidia's AI strategy faces challenges with delays in Blackwell GPU production, but strong demand and revenue growth potential remain. Analysts highlight Nvidia's pivotal role in the semiconductor sector and the early stage of AI investment cycles.

Portfolio Pulse from Surbhi Jain

August 30, 2024 | 12:47 pm

TM

Toyota is recalling 43,395 Sequoia Hybrid SUVs in the U.S. due to concerns about the tow hitch potentially detaching. The recall affects 2023 and 2024 models, with Toyota offering free repairs. This follows a previous recall in June for airbag issues.

Portfolio Pulse from Anan Ashraf

August 30, 2024 | 12:29 pm

AMZN

Amazon is set to revamp its Alexa voice assistant using Anthropic's Claude AI models, with a new version launching in October. This move aims to improve Alexa's ability to answer complex queries and introduce a paid 'Remarkable' version. Amazon's partnership with Anthropic is under investigation by a U.K. regulator for potential anti-competitive concerns.

Portfolio Pulse from Benzinga Neuro

August 30, 2024 | 12:21 pm