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DKNG

FLUT

DraftKings Inc (NASDAQ:DKNG) shares experienced increased volatility following Flutter Entertainment's (NYSE:FLUT) Q2 results, which exceeded expectations. Flutter's decision not to impose a surcharge in high-tax U.S. states initially caused DraftKings shares to drop, but they rebounded after DraftKings announced it would also not implement a surcharge. Analysts from Needham and Truist Securities reiterated Buy ratings for DraftKings with price targets of $60 and $50, respectively.

Portfolio Pulse from Adam Eckert

August 14, 2024 | 1:22 pm

VIRX

Viracta Therapeutics shares are trading higher after the company reported better-than-expected Q2 EPS results and announced positive Phase 2 NAVAL-1 trial results. The company will also begin a randomized controlled trial (RCT).

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 1:22 pm

TCBP

TC BioPharm (NASDAQ:TCBP) shares dropped 44% to $2.00 after announcing a 2 million unit offering at $1 per unit. The funds will support a clinical trial for Acute Myeloid Leukemia and other expenses. The stock has decreased 96.36% over the past year and 59.44% over the past month, with an RSI of 20.56 indicating oversold conditions.

Portfolio Pulse from Henry Khederian

August 14, 2024 | 1:21 pm

VIRX

Viracta Therapeutics Inc. (NASDAQ:VIRX) saw its stock rise after reporting positive Phase 2 NAVAL-1 trial results for its treatment of relapsed or refractory Epstein-Barr virus-positive peripheral T-cell lymphoma. The company plans to focus on this program, pausing other projects and reducing its workforce by 23%.

Portfolio Pulse from Vandana Singh

August 14, 2024 | 1:19 pm

JAMF

MSFT

Jamf (NASDAQ:JAMF) has signed a five-year agreement with Microsoft to become a Microsoft ISV Partner. Jamf's offerings will be hosted on Microsoft Azure and available on the Azure Marketplace starting in late 2024. This partnership aims to enhance Jamf's Apple device management and security solutions by leveraging Microsoft's cloud and AI-powered technologies.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 1:16 pm

VECO

Veeco shares are trading higher following the announcement of an agreement with IBM to explore a wet processing system for advanced packaging applications.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 1:13 pm

UPST

AMOCO Federal Credit Union has partnered with Upstart to offer personal loans to its members. This collaboration aims to leverage Upstart's AI-driven lending platform to enhance loan accessibility and efficiency for AMOCO's 106,000 members.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 1:07 pm

PPSI

Pioneer Power Solutions, Inc. (NASDAQ:PPSI) has announced a strategic collaboration with SparkCharge, Inc. to integrate Pioneer's e-Boost mobile EV charging solution with SparkCharge's mobile battery energy storage systems. This partnership aims to drive the adoption of mobile EV charging and accelerate technological advancements in the industry.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 1:07 pm

TRUP

Trupanion has partnered with the CDC and leading pet industry partners, including Boehringer Ingelheim and Mars Science & Diagnostics, to launch a Pet & Public Health Early Warning & Detection System. This collaboration aims to address emerging pet and public health threats, providing early detection benefits globally.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 1:06 pm

IBM

VECO

Veeco Instruments Inc. (NASDAQ:VECO) and IBM have entered into a joint development agreement to explore advanced packaging applications using Veeco's WaferStorm® Wet Processing System. The system will be installed at the Albany NanoTech Complex, where IBM and other partners are conducting R&D in advanced packaging and chiplet technologies.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 1:05 pm