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PRZO

ParaZero Technologies has received approval from an Australian regulator for the first commercial drone flights in populated areas and near people using ParaZero safety systems. This has led to an increase in the company's share prices.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2023 | 1:34 pm

BSVUSD

BTCUSD

CFXUSD

ETHUSD

Cryptocurrency prices fell with Bitcoin (BTC) trading below $27,500 and Ethereum (ETH) below $1,600. The global crypto market cap fell to $1.07 trillion, a 24-hour decline of 1.6%. Rocket Pool (RPL) was the top gainer while Conflux (CFX) was the biggest loser. Other notable losers include Bitcoin SV (BSV), Sui (SUI), ApeCoin (APE), Bitcoin Cash (BCH), and Chiliz (CHZ).

Portfolio Pulse from Lisa Levin

October 09, 2023 | 1:33 pm

SPY

Federal Reserve's Logan emphasized the importance of restoring price stability amidst uncertainty over the tradeoff with the unemployment rate.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2023 | 1:29 pm

ANAB

AnaptysBio Inc (NASDAQ:ANAB) has released positive topline results from its global Phase 3 GEMINI-1 trial of imsidolimab in patients with generalized pustular psoriasis (GPP) flares. The drug met its primary endpoint, achieving rapid clearance of pustulation, erythema, and scaling through Week 4 after a single dose. The data also showed a favorable safety and tolerability profile. The company plans to present comprehensive data from GEMINI-1 and topline GEMINI-2 results at a medical meeting in H2 2024 and anticipates filing a biologics license application with the FDA by Q3 2024. ANAB shares are up 16.9% at $22.50 during the premarket session on the last check Monday.

Portfolio Pulse from Vandana Singh

October 09, 2023 | 1:26 pm

ILMN

Illumina Inc (NASDAQ:ILMN) is facing increasing pressure from EU regulators to divest its acquisition of cancer test developer Grail. The acquisition has also caused discontent among Illumina's shareholders, with activist investor Carl Icahn criticizing the deal. The EU had previously fined Illumina €432 million for defying regulatory authority. The US Federal Trade Commission has also demanded the sale of Grail due to concerns about its impact on cancer detection efforts.

Portfolio Pulse from Vandana Singh

October 09, 2023 | 1:24 pm

NWLI

National Western Life Group Inc (NWLI) shares surged by around 14% after the company announced a definitive merger deal with Prosperity Life Group for about $1.9 billion in an all-cash transaction. The deal, which represents an 87.1% premium to the unaffected Class A Common Stock share price, is expected to close in H1 2024. NWLI stockholders that collectively own common shares representing approximately 29.7% of the total voting power have executed voting and support agreements with S. USA Life Insurance Company, Inc. (SUSA), an affiliate of Prosperity Life Group.

Portfolio Pulse from Lekha Gupta

October 09, 2023 | 1:22 pm

GD

General Dynamics shares are trading higher as defense stocks rise amid the Israel-Hamas conflict.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2023 | 1:19 pm

EH

EHang Holdings Limited (NASDAQ:EH), an autonomous aerial vehicle technology platform company, has voluntarily requested and received approval from Nasdaq to temporarily suspend trading of its American depositary shares (ADSs) in anticipation of a significant business operations announcement. The suspension will last until no later than October 13, 2023.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2023 | 1:15 pm

KR

Kroger Inc. (NYSE:KR) is currently trading at $43.42, after a 0.07% drop. Over the past month, the stock fell by 4.95%, and in the past year, by 4.95%. The company's P/E ratio is lower than the aggregate P/E of 25.09 of the Food & Staples Retailing industry, which could indicate that the stock is undervalued. However, a low P/E ratio can also suggest weak growth prospects or financial instability.

Portfolio Pulse from Benzinga Insights

October 09, 2023 | 1:15 pm

WBA

Walgreens Boots Alliance, Inc. (NASDAQ:WBA) is expected to report lower Q4 earnings at 69 cents per share, down from 80 cents per share a year ago. The company's revenue is projected to be $34.82 billion, up from $32.45 billion in the same period last year. Several analysts have recently adjusted their price targets for the company, with most maintaining a neutral rating.

Portfolio Pulse from Lisa Levin

October 09, 2023 | 1:14 pm