Streetbeat News

Revenues

RHHBY

Roche's Genentech presented new data at the 65th ASH Annual Meeting showing durable responses from its fixed-duration Columvi and Lunsumio in treating heavily pre-treated lymphomas. The data also support the potential of combination regimens in earlier treatment settings, reinforcing ongoing Phase III studies.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 7:08 am

GOLD

Barrick Gold has announced that the Porgera Mine in Papua New Guinea, which is a joint venture between Barrick and Zijin of China, will resume operations with gold pouring expected to begin in early 2024. The equity in New Porgera is split with 51% held by PNG stakeholders and 49% by Barrick Niugini Limited. PNG stakeholders will receive 53% of the economic benefits, potentially amounting to over $7 billion over 20 years, assuming a gold price of $1,800 per ounce.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 6:23 am

COST

JMIA

Starlink kits, part of Elon Musk-led SpaceX's satellite broadband services, are now being sold at Costco (NASDAQ:COST) outlets in the U.S. for $599. Costco members are offered two months of free service with the purchase. This retail expansion comes as SpaceX's Starlink faces challenges in meeting revenue expectations, having generated $1.4 billion in 2022, which is below the projected $12 billion. The news also follows SpaceX's partnership with Jumia Technologies AG (NYSE:JMIA) to improve internet accessibility in Africa.

Portfolio Pulse from Benzinga Neuro

December 11, 2023 | 3:40 am

GLPG

Galapagos NV (NASDAQ:GLPG) will present new clinical data from Phase 1/2 CD19 CAR-T studies at the ASH Annual Meeting. The studies, EUPLAGIA-1 with GLPG5201 and ATALANTA-1 with GLPG5101, target patients with relapsed/refractory chronic lymphocytic leukemia and non-Hodgkin lymphoma. The data will highlight the potential of a decentralized approach to CAR-T manufacturing and its impact on severe hematologic cancers.

Portfolio Pulse from Charles Gross

December 09, 2023 | 8:13 pm

RCAT

Red Cat Holdings Inc. (NASDAQ:RCAT) CEO Jeff Thompson discussed the company's role in providing advanced drone technology for military, government, and commercial use. Red Cat, through its subsidiaries Teal Drones and Skypersonic, offers products like the Teal 2 drone with high-resolution thermal imaging and the Skycopter for GPS-denied inspections. The company is recognized by the U.S. Department of Defense and is adapting to regulatory changes while expanding manufacturing capabilities in Salt Lake City. Red Cat aims to support the U.S. drone industrial base and anticipates using a $750,000 grant to modernize manufacturing in Utah.

Portfolio Pulse from Bibhu Pattnaik

December 09, 2023 | 5:22 pm

FSR

KARS

LCID

NIO

RIVN

TSLA

Tesla faced a labor union strike in Sweden, lost a court case against Sweden's postal service, and was excluded from PensionDanmark's investment list due to labor issues. Tesla's China sales dropped year-over-year but increased month-over-month. Lucid Group was removed from the Nasdaq 100 Index and announced changes to its Lucid Air lineup. Nio is considering spinning off its battery unit. Rivian laid off members of its battery-cell development team. Fisker's Ocean SUV was spotted in India, and the company addressed investor concerns over its stock price. The KraneShares Electric Vehicles and Future Mobility Index ETF saw a slight increase on Friday but an overall weekly decline.

Portfolio Pulse from Shanthi Rexaline

December 09, 2023 | 1:58 pm

DIS

META

Elon Musk questions Disney CEO Bob Iger's decision to continue advertising on Meta Platforms' Facebook and Instagram while boycotting X (formerly Twitter). Musk has criticized Iger multiple times, suggesting he should be fired for advertising next to content he deems inappropriate. Musk's frustration with boycotting advertisers is evident as he believes it could lead to a $75 million revenue loss for X, which is currently relying on smaller advertisers.

Portfolio Pulse from Rounak Jain

December 09, 2023 | 5:16 am

PTEN

Patterson-UTI announced an average of 118 drilling rigs operating in the United States for November 2023, indicating active operations and potential revenue implications.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 10:00 pm

AEYE

AudioEye Inc anticipates Q4 2023 revenues to be in the range of $7.85M-$7.95M, aligning with the $7.93M estimate. The company also expects to see a sequential increase in non-GAAP profitability and positive free cash flow from operations, excluding any changes in working capital.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 9:32 pm

AAWH

CURLF

GTBIF

HITI

PLNHF

The article announces the opening of new cannabis stores and dispensaries across the United States and Canada, just in time for the holiday season. Green Thumb Industries Inc. has opened two new RISE Dispensaries in Florida, expanding their footprint. Curaleaf Holdings, Inc. has launched its 61st retail location in Florida with a range of cannabis products. CuraScientific Corp's subsidiary opened a wholesale retail store in Palm Desert. Ascend Wellness Holdings, Inc. plans to open a new dispensary in Ohio. Planet 13 Holdings Inc. started sales at its first Illinois store. High Tide Inc. launched a new store in Winnipeg, Manitoba. Additionally, a cannabis lounge by Thrive Cannabis Marketplace and a delivery service in Knoxville, Tennessee are mentioned.

Portfolio Pulse from Jelena Martinovic

December 08, 2023 | 9:11 pm