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Regulatory

BSGM

LASE

TLRY

VINC

Tilray Brands, Inc. (NASDAQ:TLRY) shares fell by 22% after missing Q3 estimates and revising its fiscal year 2024 outlook. Other stocks showed significant movement, with Laser Photonics Corporation (NASDAQ:LASE) and BioSig Technologies, Inc. (NASDAQ:BSGM) among the top gainers. Vincerx Pharma, Inc. (NASDAQ:VINC) led the losers after presenting preliminary Phase 1 data.

Portfolio Pulse from Avi Kapoor

April 09, 2024 | 5:12 pm

ELAN

The FDA has approved Pradalex, a pradofloxacin injection solution, for treating certain respiratory diseases in cattle and swine. This new antimicrobial drug, sponsored by Elanco U.S., represents a significant advancement in veterinary medicine.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 5:10 pm

BNO

USO

Oil prices have declined following the Energy Information Administration's (EIA) revision of its 2024 world demand growth forecast downwards.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 4:45 pm

VVOS

Vivos Therapeutics, Inc. (NASDAQ:VVOS) shares dropped after filing a prospectus for the resale of up to 1.73 million shares by selling shareholders. The company could receive $8.4 million if all warrants are exercised. Vivos also announced Medicare reimbursement approval for its CARE oral medical devices and reported Q4 losses of $3.05 per share, missing estimates by 59.69%, with sales of $3.248 million also missing estimates.

Portfolio Pulse from Erica Kollmann

April 09, 2024 | 4:36 pm

PFE

Pfizer Inc (NYSE:PFE) released Phase 3 MONeT trial data for Abrysvo, showing potential as the first RSV vaccine for adults 18-59. The trial met its immunogenicity and safety endpoints, demonstrating non-inferior neutralizing responses compared to a previous study in older adults. Pfizer plans to seek regulatory approval to expand Abrysvo's use to adults 18 years and older. Shares of Pfizer are up 0.6% following the announcement.

Portfolio Pulse from Vandana Singh

April 09, 2024 | 4:20 pm

The Federal Aviation Administration (F.A.A.) is investigating claims made by a whistle-blower regarding flaws in Boeing's 787 Dreamliner. The whistle-blower has raised concerns about potential safety issues, prompting the F.A.A. to look into the matter closely.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 4:13 pm

SPY

USO

The U.S. Energy Information Administration has revised its forecast for world oil demand growth downwards for both 2024 and 2025. For 2024, the growth forecast has been cut by 480,000 barrels per day (bpd), now expecting a year-on-year increase of 0.95 million bpd. For 2025, the forecast has been reduced by 30,000 bpd, with a new expectation of a 1.35 million bpd year-on-year increase.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 4:07 pm

AMD

GOOG

GOOGL

NVDA

TSLA

UBER

Elon Musk announced a Tesla Robotaxi unveil on 8/8, sparking interest and speculation. While regulatory hurdles remain, the announcement could impact Tesla (TSLA) and Uber (UBER) stocks, as well as AI-related companies like NVIDIA (NVDA), AMD, Alphabet (GOOG/GOOGL), and others. Uber, having shut down its own robotaxi division, might face negative impacts unless it partners with Tesla or another provider. The news also presents potential opportunities for investors in AI stocks.

Portfolio Pulse from The Arora Report

April 09, 2024 | 4:03 pm

FTMUSD

Andre Cronje, co-founder of the Fantom Foundation, has proposed a new method for issuing meme coins on the Fantom network to enhance investor safety. The proposal includes measures such as the Fantom Foundation acting as a signer for token liquidity pools, allocating up to 5% of tokens for team expenses, 85% for an FTM/token liquidity pool, and a maximum of 10% for marketing. This initiative aims to mitigate risks associated with meme coins, such as token sell-offs and liquidity withdrawal, by ensuring more controlled and fair token distribution.

Portfolio Pulse from Khyathi Dalal

April 09, 2024 | 3:50 pm

ETH

SOL

USDC

USDT

A Bernstein report highlights Solana's (SOL) emerging lead in blockchain payments over Ethereum (ETH), attributing it to Solana's streamlined architecture and efficiency in stablecoin settlements. Despite challenges in scalability and network congestion, Solana's advancements and the broader stablecoin market's growth, dominated by USDC and Tether (USDT), indicate a significant shift in digital payments. The report also notes the increasing adoption of stablecoins by major payment processors and fintech platforms.

Portfolio Pulse from Murtuza Merchant

April 09, 2024 | 3:38 pm