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BMY

EVO

Evotec and Bristol Myers Squibb have expanded their molecular glue degrader pipeline, resulting in $75 million in performance-based payments to Evotec.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 6:24 am

EWU

The U.K. Average Earnings Index including bonuses for June has decreased to 4.5% from the previous 5.7%. This indicates a slowdown in wage growth, which could have implications for the broader economy and financial markets.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 6:03 am

AAPL

GOOG

GOOGL

SSNLF

The initial enthusiasm for Samsung Galaxy S24's AI capabilities is waning, with shipment momentum slowing since April 2024. Analyst Ming-Chi Kuo notes a 10% YoY decrease in pre-orders for Samsung's new foldable models. Despite the slowdown, AI adoption in smartphones is expected to continue. Google's AI Core update for Pixel 8 Pro and upcoming Pixel 9 are highlighted, but no solid proof exists that AI enhancements will drive device replacement demand. Apple's iPhone 16 series is also under scrutiny, with mixed expectations about its impact on smartphone shipments.

Portfolio Pulse from Ananya Gairola

August 13, 2024 | 5:53 am

VALN

Valneva reaffirmed its 2024 financial guidance, expecting total revenues between €170M and €190M, with R&D investments between €60M and €75M. The company also anticipates other income between €100M and €110M, including €95M from the PRV sale.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 5:31 am

VALN

Valneva reported H1 revenue of €70.8M, down from €73.7M year-over-year, but net profit increased to €34M from a net loss of €35M in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 5:30 am

EWA

Australia's Wage Price Index for Q2 came in at 0.8%, below the estimated 0.9% and the revised prior figure of 0.9%.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 4:57 am

MARA

Leading cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin, surged ahead of key inflation data release. Marathon Digital Holdings announced plans to raise $250 million to acquire Bitcoin. Market sentiment improved from 'Extreme Fear' to 'Fear'.

Portfolio Pulse from Aniket Verma

August 13, 2024 | 3:10 am

AAWH

AYRWF

CRLBF

CURLF

GTBIF

TCNNF

TRSSF

VRNOF

U.S. multi-state operators (MSOs) in the cannabis industry are showing improved cost efficiency in Q2 2024, with six out of the top eight MSOs reducing their cost of goods sold (COGS) as a percentage of revenue. Companies like Green Thumb Industries, Curaleaf, Trulieve, Verano, Cresco Labs, and Ascend Wellness have managed to lower their COGS and selling, general, and administrative (SG&A) expenses, indicating better operational efficiency. However, AYR and TerrAscend faced increased COGS, highlighting operational challenges.

Portfolio Pulse from Rolando García

August 12, 2024 | 11:35 pm

ODV

Osisko Development (NYSE:ODV) reported a significant decline in its Q2 financial performance, with EPS dropping to $(0.25) from $(0.12) YoY and sales plummeting to $1.92M from $8.07M YoY.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 10:02 pm

JHX

James Hardie Industries has reaffirmed its FY25 guidance despite anticipating a challenging market backdrop in North America during its fiscal second quarter. The company expects North American volumes to be between 705 million to 735 million standard feet and EBIT margins to range from 27.5% to 29.5% for Q2 FY25. Full-year guidance remains unchanged with North American volumes projected at 2.95 to 3.15 billion standard feet, EBIT margins at 29% to 31%, and adjusted net income between $630 million to $700 million.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 10:00 pm