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Regulatory

BIOR

Biora Therapeutics, Inc. (NASDAQ:BIOR) announced the issuance of a new patent by the USPTO for its BioJet platform, which enables oral, systemic delivery of biotherapeutics through liquid jet delivery to the small intestine. The patent covers key parameters for this technology, which has shown promising preclinical results, including systemic bioavailability comparable to subcutaneous injections. Biora's BioJet platform could revolutionize the oral delivery of large molecule drugs, with the company holding a strong patent position in this area.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 12:02 pm

AMD

BABA

INTC

NVDA

ONLN

PGJ

Alibaba Group Holding Ltd (NYSE:BABA) announced significant price reductions for its cloud services, extending discounts internationally. This follows a price cut in China that sparked a pricing battle with JD.com Inc (NASDAQ:JD). The U.S. has further restricted China's access to advanced AI processors, impacting companies like Alibaba. Despite challenges, Alibaba seeks alternatives and plans to enhance its cloud business. Intel Corp (NASDAQ:INTC) supplied chips to Huawei, countering U.S. sanctions, while Advanced Micro Devices Inc (NASDAQ:AMD) and Nvidia Corp (NASDAQ:NVDA) are also mentioned in the context of U.S. export controls. Alibaba's stock is available through Invesco Golden Dragon China ETF (NASDAQ:PGJ) and ProShares Online Retail ETF (NYSE:ONLN).

Portfolio Pulse from Anusuya Lahiri

April 08, 2024 | 11:55 am

OCGN

Ocugen's stock price increased following the announcement of the U.S. FDA's clearance for an IND amendment, allowing the company to initiate a Phase 3 clinical trial of OCU400.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 11:47 am

BNO

USO

Iraq plans to resume oil exports to Turkey via the Kirkuk-Ceyhan pipeline, inactive for a decade, with a potential export capacity of 350,000 barrels per day. This development comes amid stalled negotiations with the Kurdistan Regional Government and could significantly impact regional oil exports and the global oil market, which is already facing tight supply and rising demand.

Portfolio Pulse from Benzinga Neuro

April 08, 2024 | 11:34 am

CASI

CASI Pharmaceuticals has been granted emergency injunctive relief by an emergency arbitrator from the Hong Kong International Arbitration Centre, prohibiting Juventas Cell Therapy Ltd. from commercializing CNCT19 pending the outcome of an arbitration proceeding. The order also mandates cooperation between the parties to ensure new patients can access CNCT19 treatment. CASI intends to vigorously assert its rights and negotiate a temporary arrangement for CNCT19 access during the arbitration.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 11:34 am

VERO

Venus Concept Inc. announced it has received Israeli regulatory approval for Venus Bliss MAX, a medical aesthetic technology. The product was first launched in the U.S. in Q1 2022 after FDA clearance and is available in approved jurisdictions internationally.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 11:31 am

TSM

The U.S. government will provide up to $6.6 billion in funding to TSMC for its Arizona plants as part of the CHIPS and Science Act. This funding aims to support TSMC's $65 billion investment in advanced fabrication plants in Phoenix, Arizona, and includes $50 million for local talent training. The initiative is part of a broader strategy to strengthen the U.S. semiconductor supply chain and reduce reliance on overseas manufacturing. TSMC, a key supplier for Apple and NVIDIA, has already created over 25,000 jobs and attracted 14 semiconductor suppliers to Arizona.

Portfolio Pulse from Benzinga Neuro

April 08, 2024 | 11:24 am

PLUR

Pluri Inc. (NASDAQ:PLUR) announced a groundbreaking immune cell expansion technology and secured a new U.S. patent for it. This novel method, using proprietary 3D cell expansion technology, mimics the natural environment of immune cells, offering a promising solution for advanced cell-based therapies.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 11:07 am

COIN

HOOD

QQQ

SPY

TSLA

U.S. stocks are poised for a lower opening on Monday, influenced by rising bond yields and investor anxiety ahead of Wednesday's inflation report. The SPDR S&P 500 ETF Trust and Invesco QQQ ETF saw slight premarket declines. Analysts predict potential market appreciation despite short-term setbacks, with historical data suggesting positive trends. Key economic data, including the March CPI report and Fed speeches, are anticipated this week. Tesla, Coinbase, and Robinhood shares rose in premarket trading amid a cryptocurrency rebound.

Portfolio Pulse from Shanthi Rexaline

April 08, 2024 | 11:04 am

KOMP

EHang Holdings Limited (NASDAQ:EH) shares rose after receiving the Production Certificate for its EH216-S eVTOL aircraft from the Civil Aviation Administration of China, marking a significant step towards mass production and commercial operations. This follows previous achievements including the Type Certificate and Standard Airworthiness Certificate. EHang's progress is seen as pioneering in the UAV sector. Additionally, EHang recently established Japan's first Urban Air Mobility Center. Investors can also gain exposure through the SPDR S&P Kensho New Economies Composite ETF (NYSE:KOMP).

Portfolio Pulse from Lekha Gupta

April 08, 2024 | 10:51 am