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BNTX

MRNA

PFE

Pfizer and BioNTech's combined COVID-19/flu vaccine failed to meet one of its primary goals in a Phase 3 trial, showing lower efficacy against influenza B. The companies are evaluating adjustments to improve the vaccine. Moderna's similar vaccine showed positive results in June. Pfizer's stock is down 0.03% and BioNTech's is down 3.72% in premarket trading.

Portfolio Pulse from Vandana Singh

August 16, 2024 | 1:19 pm

CING

Cingulate shares are trading higher after the company was granted European patent No. 3261625 for CTx-1301, its lead asset for the treatment of ADHD.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 1:18 pm

TGL

Treasure Global has submitted a request to withdraw its S-1 registration statement.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 1:02 pm

OCTO

Trading halt status was updated at 8:55:00 AM ET, indicating a quotation resumption. The news and resumption times are provided.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 12:55 pm

AZN

The FDA has approved AstraZeneca's (NASDAQ: AZN) cancer drug Imfinzi in combination with chemotherapy for early-stage non-small cell lung cancer (NSCLC). The approval is based on the AEGEAN trial, which showed significant improvements in event-free survival and pathologic complete response rates. Imfinzi is also under review for other indications and has shown promising results in various trials.

Portfolio Pulse from Vandana Singh

August 16, 2024 | 12:51 pm

ALK

BA

Alaska Air Group Inc. (NYSE:ALK) has formed a Death Cross, a bearish technical indicator, signaling potential continued downward momentum. The stock is down 7.93% year-to-date and 20.83% over the past year. Compounding the technical issues are news-driven headwinds, including an investment in JetZero and regulatory scrutiny over a proposed merger with Hawaiian Airlines. Additionally, the NTSB has criticized Boeing (NYSE:BA), Alaska's aircraft supplier, for safety lapses, adding to investor concerns.

Portfolio Pulse from Surbhi Jain

August 16, 2024 | 12:41 pm

AAPL

GOOGL

Tencent-backed Epic Games has reintroduced Fortnite on the iPhone along with an entire app store, following a four-year legal battle with Apple. The launch is facilitated by the EU's Digital Markets Act, which forced Apple to allow the app. Epic Games criticized Apple and Google for their lengthy installation processes and continues to fight against their anticompetitive terms. The Epic Games Store will also be available on independent mobile stores like AltStore PAL and Aptoide's iOS store in the EU.

Portfolio Pulse from Benzinga Neuro

August 16, 2024 | 12:05 pm

DHI

KBH

PHM

TOL

Vice President Kamala Harris has unveiled a four-year plan to boost the housing market, which includes constructing three million new housing units, expanding tax incentives for builders, and offering down-payment support for first-time homeowners. Homebuilder stocks like KB Home, Toll Brothers, D.R. Horton, and PulteGroup have seen premarket gains following the announcement.

Portfolio Pulse from Shanthi Rexaline

August 16, 2024 | 11:53 am

TXN

Texas Instruments shares are trading higher after announcing a preliminary agreement to receive up to $1.6 billion in proposed funding from the CHIPS and Science Act for semiconductor manufacturing in Texas and Utah. The company also expects to receive $6 billion to $8 billion from the U.S. Department of Treasury's investment tax credit.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 11:42 am

ADSK

Autodesk shares are trading lower following a report suggesting the company ignored internal warnings about accounting risks.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 11:36 am