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NVIDIA, United Airlines, Moderna, Lucid, and Bank of America were the top stocks on investors' radar. NVIDIA saw a 3.24% loss due to the Biden administration's plans to halt the export of advanced AI chips to China. United Airlines gained 1.49% despite an uncertain Q4 outlook. Moderna shares fell by 6.10% due to Pfizer's warning about reduced COVID-19 product demand. Lucid shares slipped by 5.30% following its Q3 production and delivery totals announcement. Bank of America rose by 2.33% due to a 10% YoY net income growth in Q3 FY23.

Portfolio Pulse from Benzinga Neuro

October 18, 2023 | 1:44 am

TSM

Taiwan Semiconductor (TSM) has cancelled plans to build a chip plant in Northern Taiwan due to protests from local residents.

Portfolio Pulse from Charles Gross

October 17, 2023 | 11:06 pm

ARDX

Ardelyx, Inc. (NASDAQ:ARDX) announced that the U.S. Food and Drug Administration (FDA) has approved XPHOZAH (tenapanor), the first and only phosphate absorption inhibitor, indicated to reduce serum phosphorus in adults with chronic kidney disease (CKD) on dialysis. XPHOZAH is a single tablet taken twice daily that offers a first-in-class mechanism of action that blocks phosphate absorption through its primary pathway.

Portfolio Pulse from Charles Gross

October 17, 2023 | 11:03 pm

MEIP

MEI Pharma has filed a definitive consent revocation statement, advising its stockholders to disregard any consent solicitation materials from Anson and Cable Car.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 9:45 pm

NVDA

NVIDIA has stated that the additional licensing requirements for exports to China and other countries, imposed by the Interim Final Rule, will not have a significant impact on their financial results due to the strong demand for their products worldwide. The rule affects the export of certain integrated circuits, including the A100, A800, H100, H800, L40, L40S, and RTX 4090.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 9:42 pm

TSLA

Tesla Inc (NASDAQ:TSLA) has launched the Cyberquad, a small electric toy version of the Cybertruck, in Europe. The vehicle, recommended for children aged 8 to 12, sold out in the U.S. in under 24 hours but was later recalled and banned in October 2022. The Cyberquad is now available in the Tesla online store for Europe at a price of 1,990 Euros, or around $2,105 in U.S. dollars.

Portfolio Pulse from Chris Katje

October 17, 2023 | 9:33 pm

SPY

Bloomberg reporter Erik Wasson tweeted that there will be no more House votes today, with further votes scheduled for 11am tomorrow.

Portfolio Pulse from Charles Gross

October 17, 2023 | 9:16 pm

FFIC

Faraday Future Intelligent Electric Inc. has regained compliance with Nasdaq Listing Rule 5605(b)(1) following the resignation of board member Ke Sun. The company was previously non-compliant due to not having a majority of independent directors. The board has now determined that Ms. Li Han is independent, and reduced the board size from seven to six members, resolving the issue.

Portfolio Pulse from Charles Gross

October 17, 2023 | 8:59 pm

DMK

DMK Pharmaceuticals received a notice from Nasdaq on October 11, stating that the company's common stock is subject to delisting unless the company requests a hearing before a panel in a timely manner.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 8:41 pm

MIRM

Mirum Pharmaceuticals, Inc. (NASDAQ:MIRM) announced that the FDA has extended the review of the sNDA for LIVMARLI® (maralixibat) oral solution for the treatment of cholestatic pruritus in patients with PFIC. The new PDUFA date is March 13, 2024. The FDA extended the date to allow time for a full review of a submission provided in response to an FDA information request. No additional data or studies have been requested.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 8:37 pm