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Mark Zuckerberg discussed how Meta Platforms Inc. (NASDAQ:META) succeeded over tech giants like Google, Microsoft, and Yahoo in the social networking space. He attributed Meta's success to its agility and conviction in new ideas, contrasting it with the slower, more skeptical approach of larger companies. Meta's acquisitions of Instagram and WhatsApp further solidified its dominance.

Portfolio Pulse from Rounak Jain

August 15, 2024 | 11:44 am

SIGA

The National Institutes of Health's National Institute of Allergy and Infectious Diseases announced that the PALM 007 trial of Tecovirimat for Monkeypox virus did not meet its primary endpoint. The study showed no statistically significant improvement in time to lesion resolution within 28 days post-randomization for patients in Congo versus placebo.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 11:39 am

BA

GCAD

ITA

Boeing Company (NYSE:BA) has finalized a deal with EL AL Israel Airlines for up to 31 737 MAX jets, valued at up to $2.5 billion. This deal supports EL AL's fleet renewal plans and aims to improve fuel efficiency, environmental performance, and passenger comfort. Boeing shares are trading higher premarket. Investors can gain exposure to Boeing via IShares U.S. Aerospace & Defense ETF (BATS:ITA) and Gabelli Commercial Aerospace and Defense ETF (NYSE:GCAD).

Portfolio Pulse from Lekha Gupta

August 15, 2024 | 11:36 am

QNCX

Quince Therapeutics announced the online publication of data from its Phase 3 ATTeST trial of Erydex in Lancet Neurology. The study showed a favorable safety profile and positive effects in a subset of patients with Ataxia-Telangiectasia. Quince has also initiated a pivotal Phase 3 NEAT study under a U.S. FDA Special Protocol Assessment agreement.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 11:22 am

LASE

Laser Photonics, in partnership with Fonon Technologies, a subsidiary of Fonon Corporation, has received an order for its DefenseTech MF-1020 Portable Handheld Laser Cleaning System through its distribution partner Incredible Supply & Logistics.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 11:19 am

SLSR

Solaris Resources has reported drill results from its ongoing 60,000-meter and 8-rig drilling program at its Warintza Project in southeastern Ecuador.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 11:18 am

PRTG

Portage Biotech reported a net loss of $75.4 million for FY24, an improvement from the $104.7 million loss last year. The company is discontinuing its iNKT clinical trial for PORT-2 and pausing patient enrollment in other trials due to funding requirements. Portage is exploring strategic alternatives, including partnerships, sales, mergers, restructurings, or further financing.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 11:15 am

EXAS

Exact Sciences shared new modeling data on the projected impact of the Cologuard test on patients, health care professionals, and the U.S. health care system since its FDA approval 10 years ago.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 11:10 am

QURE

uniQure has dosed the first patient in its Phase I/IIa clinical trial of AMT-191, a gene therapy for Fabry disease. This marks a significant milestone in the development of treatments for this rare genetic disorder.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 11:09 am

VERI

Veritone announced that its media and entertainment solutions are now available in the AWS Marketplace, allowing customers to find, test, buy, and deploy software that runs on Amazon Web Services.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 11:07 am