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RYTM

Rhythm Pharmaceuticals Inc (NASDAQ:RYTM) announced positive Phase 3 trial results for setmelanotide in young patients with Bardet-Biedl syndrome and other obesity-related genetic deficiencies. The drug achieved significant reductions in BMI-Z score and mean BMI. Rhythm has applied for regulatory approval in Europe and plans to submit a supplementary New Drug Application to the FDA in the first half of 2024. Additionally, Rhythm's new MC4R-specific agonist, RM-718, showed promise in pre-clinical studies, with Phase 1 trials expected to start in the first half of 2024. RYTM shares rose 4.65% to $38.52.

Portfolio Pulse from Vandana Singh

December 06, 2023 | 6:36 pm

AMD

AMD President Victor Peng has announced that AMD GPUs, including the MI300, will be supported in the standard OpenAI Triton distribution, starting with the 3.0 release. This integration could potentially enhance the adoption of AMD GPUs in the AI and machine learning market, where NVIDIA has been dominant.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 6:32 pm

CSX

Over the past 20 years, CSX Corporation (NASDAQ:CSX) has delivered an average annual return of 15.4%, outperforming the market. A $100 investment in CSX 20 years ago would now be worth $1,748.64. CSX's market capitalization currently stands at $66.30 billion.

Portfolio Pulse from Benzinga Insights

December 06, 2023 | 6:30 pm

WBUY

Webuy Global Ltd shares have resumed trading. There is no additional context provided regarding the reasons for the halt or the implications of the resumption.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 6:21 pm

WBUY

Shares of Webuy Global Ltd. were halted due to a circuit breaker after experiencing a significant drop, despite the stock being up 74.8% recently.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 6:16 pm

AMD

AMD CEO Lisa Su announced that the MI300X chip was designed to offer increased flexibility, capacity, and bandwidth. The MI300X will have 2.4 times more memory capacity and 1.6 times more memory bandwidth compared to its competitors.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 6:12 pm

HOOD

Bitcoin has surpassed $44,000 for the first time since April 2022, positively impacting Robinhood Markets Inc (HOOD). Robinhood CEO Vlad Tenev highlighted the company's role in the crypto industry on CNBC's 'Squawk Box.' He attributed the crypto surge to factors like institutional interest, optimism for a Bitcoin ETF, a potential end to the Fed's rate hikes, and Bitcoin's appeal as an inflation hedge. Robinhood has seen a 75% increase in crypto trading volumes and $1.4 billion in net deposits last month. Tenev also discussed the alignment of crypto's technology with Robinhood's mission to democratize finance. Robinhood's stock rose 8.64% to $11.44 following the news.

Portfolio Pulse from Adam Eckert

December 06, 2023 | 6:11 pm

WBUY

Webuy Global Ltd. shares have resumed trading. There is no additional information provided regarding the circumstances or implications of the trading resumption.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 6:11 pm

BXMT

Carson Block, founder of Muddy Waters, stated in a CNBC interview that Blackstone Mortgage Trust (BXMT) is at risk of liquidity issues.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 6:08 pm

AMD

AMD has announced the launch of its new Instinct MI300X accelerator. This product is designed to enhance computing performance, targeting high-performance computing (HPC) applications. The launch signifies AMD's continued investment in the HPC market and its commitment to innovation in computing technology.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 6:08 pm