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Revenues

TLSA

Tiziana Life Sciences has reported six-month data showing clinical improvements in non-active secondary progressive multiple sclerosis patients treated with Foralumab. The improvements were related to Modified Fatigue Impact Scale scores and similar clinical measures of physical function.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 11:02 am

AAPL

FXI

A recent study shows that sales of Apple's iPhones in China have had a disappointing start, with sales down 4.5%. This comes as Huawei's market share in the region continues to rise.

Portfolio Pulse from Charles Gross

October 16, 2023 | 10:37 am

ENLT

Enlight Renewable Energy (NASDAQ:ENLT) has commenced commercial operations at Genesis Wind, the largest renewable energy project in Israel. The project, which was connected to Israel's electricity grid in June 2023, began selling electricity on October 13. Initially, 34 of the project's 39 turbines are operational, with the remaining five expected to be operational after final tests. The project is expected to generate revenues of approximately $49-51 million and EBITDA of approximately $39-41 million in the first full year of operation.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 10:04 am

BNTX

BioNTech is assessing the potential impact of Pfizer's write-offs and other charges related to COMIRNATY on its financial results. The company expects to recognize the effect of these write-offs in the third quarter of 2023, which could amount to €0.9 billion. This will reduce the revenues BioNTech would report for 2023. The financial report for the third quarter of 2023 is expected to be released on November 6, 2023.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 7:57 am

EGY

VAALCO Energy, Inc. (NYSE:EGY) has reported strong operational performance in Q3 2023, with production of nearly 19,000 net revenue interest barrels of oil equivalent per day (NRI BOEPD) and sales volumes of almost 19,900 NRI BOEPD. The company also completed an additional crude sales lifting in Gabon of about 600,000 gross barrels of oil in the first week of October. Furthermore, VAALCO's cash and cash equivalents grew to over $100 million at the end of September 2023, more than double the amount as of June 30, 2023.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 7:33 am

HON

Honeywell's 32nd Annual Global Business Aviation Outlook forecasts up to 8,500 new business jet deliveries worth $278B from 2024 to 2033. New business jet deliveries in 2024 are expected to be 10% higher than in 2023, with expenditures 13% higher. Fleet additions are up for the third year in a row, topping 3% of the fleet. Large, long-range and ultra-long-range aircraft classes are expected to account for about 69% of all expenditures of new business jets in the next five years.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 6:55 am

AMC

The film 'Taylor Swift: The Eras Tour' opened with an estimated $95M-$97M at US and Canadian box offices over the weekend, according to Reuters citing AMC.

Portfolio Pulse from Charles Gross

October 15, 2023 | 3:34 pm

UUP

The International Monetary Fund (IMF) has raised concerns about the US's escalating debt crisis, which is leading to a rapid rise in corporate defaults. The US debt situation is being fueled by increased government spending, resulting in a $1.5 trillion deficit in the first 11 months of the fiscal year. The Israel conflict could worsen the economic conditions, leading to a weaker global economy and increased inflationary pressure. The trend of reshoring has seen a 216% increase year-over-year since the start of 2022, bringing in $516 billion in private company investments. The Consumer Price Index (CPI) surpassed economist expectations in September, putting pressure on the Federal Reserve to consider raising interest rates.

Portfolio Pulse from Benzinga Neuro

October 15, 2023 | 9:41 am

META

TSLA

Tesla CEO Elon Musk has highlighted the impact of wars on advertising revenue on social media platform X, previously known as Twitter. Musk's comments come amid increased scrutiny from the European Union's regulatory bodies. The ad revenue model on X has also changed, with the company lowering the ad revenue sharing requirement to 5 million impressions. Global platforms like Meta Platforms are also under regulatory scrutiny.

Portfolio Pulse from Nabaparna Bhattacharya

October 14, 2023 | 8:31 pm

CASY

CMG

FL

KR

MCD

NKE

SBUX

WMT

A recent survey by Bank of America reveals that Gen Z individuals are adjusting their spending habits due to rising living costs and economic uncertainty. A significant 73% of respondents have economized on essentials like groceries and fuel, and 43% are cooking at home more. This trend may negatively impact restaurant stocks like McDonald's, Starbucks, and Chipotle. Additionally, 40% of Gen Zers have reduced their clothing expenses, potentially affecting apparel stocks like Nike and Foot Locker. Gen Z's focus on essential items could also impact retail giants like Walmart, Caseys General Stores, and Kroger.

Portfolio Pulse from Nabaparna Bhattacharya

October 14, 2023 | 7:42 pm