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BMRN

BioMarin Pharmaceutical Inc. (NASDAQ:BMRN) has announced a strategic update focusing its Roctavian business on the U.S., Germany, and Italy, where the treatment is approved and reimbursed. The company plans to reduce annual Roctavian expenses to $60 million by 2025 and expects the treatment to be profitable by the end of that year. BioMarin reported strong Q2 results with an adjusted EPS of $0.96, beating the consensus of $0.35, and sales of $712.03 million, driven by Voxzogo and Naglazyme. The company raised its 2024 revenue guidance to $2.75-$2.825 billion and adjusted EPS guidance to $3.10-$3.25. William Blair maintains an Outperform rating on the stock.

Portfolio Pulse from Vandana Singh

August 06, 2024 | 7:06 pm

BNTX

PFE

The University of Pennsylvania has filed a lawsuit against BioNTech, alleging that the company underpaid royalties on patents used in the COVID-19 vaccine Comirnaty. This legal action could have financial implications for BioNTech and its partner Pfizer.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 6:52 pm

IONQ

IonQ shares are trading higher after the company announced it won a contract to design a networked quantum computing system for the Department of Defense and U.S. Intelligence Community.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 6:51 pm

DIS

NFLX

Disney shares rose after announcing a streaming price increase of up to 25%, affecting Disney+, Hulu, and ESPN+. The changes will take effect on October 17. Disney is also set to report its Q3 earnings on August 7. Netflix shares also saw a boost, likely influenced by Disney's positive movement.

Portfolio Pulse from Vaishali Prayag

August 06, 2024 | 6:37 pm

EVC

Entravision and the NFL have extended their partnership with a new three-year radio and audio streaming deal, celebrating a decade of collaboration. The agreement aims to deepen engagement and affinity for the NFL among Latino communities and will last through the 2026-2027 season.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 6:34 pm

DWAC

TSLA

Former President Donald Trump announced on Truth Social that he will be conducting a major interview with Elon Musk on Monday night. Details of the interview are yet to be disclosed.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 6:29 pm

WBD

House of the Dragon will span four seasons, with the third season starting production in early 2025. Warner Bros. Discovery Inc's HBO has confirmed the total number of seasons for the series. Fans should expect a similar wait between seasons as seen previously.

Portfolio Pulse from Franca Quarneti

August 06, 2024 | 6:20 pm

BTCUSD

HOOD

Robinhood Markets Inc (NASDAQ: HOOD) is expected to report favorable Q2 earnings, with analysts predicting higher revenue and earnings per share compared to last year. The company's stock has risen 35% year-to-date, and analysts are watching key metrics like funded accounts, net deposits, and Robinhood Gold subscribers. Despite some recent platform issues, the overall environment is seen as positive for Robinhood, particularly in equity and crypto trading.

Portfolio Pulse from Chris Katje

August 06, 2024 | 6:05 pm

SCHW

Charles Schwab experienced an outage on Monday due to high volumes and a technical issue with a key vendor.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 6:02 pm

SYK

Stryker shares are trading higher after the company announced it received FDA clearance and launched its Pangea plating system to enhance trauma care.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 6:01 pm