Streetbeat News

Revenues

ARGX

argenx has announced transformative results for VYVGART and VYVGART Hytrulo in treating autoimmune diseases. ADHERE data indicate VYVGART Hytrulo could be the first major advancement for CIDP patients in 30 years. Additionally, real-world data show significant reduction in steroid use for gMG patients within the first six months of VYVGART treatment.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 7:18 am

ALCE

Alternus Clean Energy reported its FY23 revenue at $20.08 million, an increase from $17.09 million year-over-year. However, the net loss widened to $(0.93) million from $(0.32) million in the same period.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 6:56 am

NCTY

The9 Limited (NCTY) reported its FY23 net revenues at RMB 179M ($25M), marking a significant increase from RMB 108M year-over-year. Additionally, the company achieved a net income of RMB 13M ($2M), a substantial improvement from a net loss of RMB 975M in the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 6:44 am

BIDU

Baidu Inc's AI chatbot, Ernie Bot, has reached over 200 million users, doubling its user base since December. The chatbot, which was publicly released eight months ago, is now being used 200 million times daily through its API and has attracted 85,000 enterprise clients. Baidu has begun monetizing Ernie Bot, generating significant revenue in the fourth quarter through enhanced ad services and assisting companies in building their models. Despite its success, Ernie Bot faces competition from domestic AI services like Alibaba-backed Moonshot AI's Kimi chatbot. However, Chinese generative AI services, including Ernie Bot, still trail behind Western counterparts like OpenAI's ChatGPT.

Portfolio Pulse from Benzinga Neuro

April 16, 2024 | 6:31 am

EWU

The U.K. unemployment rate for February was reported at 4.2%, higher than the estimated 4.0% and the previous 3.9%.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 6:06 am

EWU

The U.K. Claimant Count Change for March was reported at 10.9K, lower than the estimated 17.2K and a revision from the prior 4.1K. This indicates a slower increase in unemployment claims than expected.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 6:06 am

FXI

The Chinese unemployment rate for March remained steady at 5.2%, aligning with estimates and showing a slight improvement from the previous rate of 5.3%.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 4:38 am

FXI

China's industrial production from the start of the year to date has increased by 6.1%, surpassing the estimated 6.0% and showing a decrease from the previous 7.0%.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 4:37 am

FXI

China's industrial production growth slowed to 4.5% year-over-year, falling short of the estimated 6.0% and down from the previous 7.0%.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 4:36 am

FXI

China's GDP growth for Q1 year-to-date outpaced expectations, coming in at 5.3% compared to the estimated 5.0% and the previous 5.2%.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 4:36 am