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Revenues

PINC

Premier, Inc. (PINC) and Datavant are expanding their collaboration to enhance clinical trials by leveraging real-world data and evidence. This partnership aims to improve trial diversity, design, and patient outcomes while reducing costs and time. The collaboration, which began in September 2022, utilizes Datavant's technology to link clinical and real-world data, generating insights that could lead to better patient care and more effective treatments. This effort supports the development of novel therapies by providing a more comprehensive understanding of medical interventions in real-world settings.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 1:37 pm

SPY

The US Consumer Price Index (CPI) for January increased by 0.3%, surpassing the estimated 0.2%. This indicates a higher than expected inflation rate.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 1:31 pm

GCMG

GCM Grosvenor (NASDAQ:GCMG) reported Q4 adjusted EPS of $0.17, meeting analyst estimates, and a 41.67% increase from last year. However, sales of $116.56M missed estimates by 8.78%, despite being a 16.76% increase from the previous year.

Portfolio Pulse from saritha@benzinga.com

February 13, 2024 | 1:10 pm

ACI

KR

Kroger Co. (NYSE:KR) announced its commitment to lower prices and enhance customer experience following its proposed merger with Albertsons Cos. The company highlighted its successful history of reducing prices post-merger, with over $5 billion in customer savings since 2003. Kroger plans to invest $500 million to reduce prices and $1.3 billion to improve Albertsons' stores post-merger. This strategy aims to attract more customers, increase revenues, and support over 700,000 associates by offering more affordable and fresh food choices.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 1:08 pm

K

WK Kellogg has updated its financial guidance for 2024, now expecting adjusted net sales growth to range between a decrease of 1.0% and an increase of 1.0%, and adjusted EBITDA growth to be between 3.0% and 5.0%, surpassing the outlook shared at Investor Day.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 1:08 pm

MSFT

OpenAI's CEO, Sam Altman, proposed the UAE as a 'regulatory sandbox' for AI technologies at the World Governments Summit. He emphasized the need for global AI policy and highlighted the UAE's strategic position. Altman's discussions also aim to support a semiconductor initiative to advance AI technology. OpenAI plans to make some AI models public and develop tools for economically disadvantaged nations. OpenAI's revenue is $2 billion, expected to double by 2025. Microsoft invested $10 billion in OpenAI in 2023.

Portfolio Pulse from Anusuya Lahiri

February 13, 2024 | 1:08 pm

PHAT

Phathom Pharmaceuticals, Inc. (NASDAQ:PHAT) announced that its VOQUEZNA tablets for Erosive GERD and associated heartburn have been added to Express Scripts' national formularies for commercial plans, effective immediately. VOQUEZNA is the first FDA-approved potassium-competitive acid blocker and a new class of treatment for Erosive GERD in the U.S. in over 30 years. This inclusion is expected to provide access to approximately 60 million covered lives in the U.S. Phathom is also engaging with other major PBMs and health plans to expand coverage and offers co-pay assistance for eligible patients.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 1:07 pm

FELE

Franklin Electric projects its FY24 sales to range between $2.10B and $2.17B, compared to the estimated $2.14B. The company also forecasts EPS to be between $4.22 and $4.40, against an estimate of $4.37.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 1:06 pm

AXP

HII

MC

SNAP

Notable insider sales were reported for Snap Inc. (SNAP), Moelis & Company (MC), American Express Company (AXP), and Huntington Ingalls Industries, Inc. (HII). These sales come amidst various company-specific developments, such as Snap's repurchase transactions, Moelis's narrower-than-expected quarterly loss, American Express's fiscal fourth-quarter revenue and EPS missing consensus, and Huntington Ingalls's stronger-than-expected earnings.

Portfolio Pulse from Avi Kapoor

February 13, 2024 | 1:06 pm