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PPBT

Purple Biotech Ltd. (NASDAQ/TASE: PPBT) has reported positive interim and preliminary results from its Phase 1/2 study of NT219, a first-in-class dual inhibitor of IRS 1/2 and STAT3. The company is planning the next clinical development steps with NT219 for second-line treatment of patients with recurrent and/or metastatic squamous cell carcinoma of the head & neck.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 11:51 am

VERY

Trading of Vericity's shares is set to resume at 8:00 AM ET.

Portfolio Pulse from Charles Gross

October 03, 2023 | 11:44 am

DNUT

Krispy Kreme, Inc. (NASDAQ:DNUT) is considering strategic alternatives for Insomnia Cookies, including a potential all-cash sale. The company acquired a majority stake in Insomnia Cookies in 2018 and expects revenues of approximately $230 million in fiscal year 2023. This decision is aimed at unlocking shareholder value and focusing on Krispy Kreme's core strategy.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 11:33 am

VERY

Shares of Vericity were halted ahead of an announcement regarding its acquisition.

Portfolio Pulse from Charles Gross

October 03, 2023 | 11:32 am

HNRG

NGS

The article identifies Natural Gas Services Group, Inc. (NYSE:NGS) and Hallador Energy Company (NASDAQ:HNRG) as overbought stocks in the energy sector, suggesting they could negatively impact portfolios this quarter. Both companies recently posted positive Q2 results, but their high Relative Strength Index (RSI) values indicate they may be overvalued.

Portfolio Pulse from Lisa Levin

October 03, 2023 | 11:31 am

BABA

FXI

KWEB

Alibaba Group Holding Limited (BABA) stock is trading lower in line with the broader indexes iShares China Large-Cap ETF (FXI) and KraneShares Trust KraneShares CSI China Internet ETF (KWEB). The U.S. administration plans to revise regulations restricting the export of AI chips and chipmaking tools to China, which is part of a broader strategy to stabilize U.S.-China relations. Despite U.S. chip sanctions, Alibaba has launched a new AI model and is planning separate IPOs for its different units.

Portfolio Pulse from Anusuya Lahiri

October 03, 2023 | 11:30 am

TSLA

Tesla, Inc. (NASDAQ:TSLA) shares were slipping in premarket trading after the company introduced a cheaper Model Y variant in the U.S. market. The new Model Y rear-wheel drive version is priced at $43,990, which is 7.9% cheaper than the previously withdrawn all-wheel drive version. The price cut has raised concerns about the company's margins.

Portfolio Pulse from Shanthi Rexaline

October 03, 2023 | 11:13 am

ODD

ODDITY Tech Ltd's shares are up by 15% following the company's preliminary Q3 FY23 results, which predict revenue growth to surpass its guidance. The company has raised its net revenue growth outlook to 29.0%-31.0% and gross margin to 68.5%. It also expects an adjusted EBITDA margin within 21.0%-21.5%. The company's CEO attributes these strong financial results to the power of their platform and their ability to consistently deliver high growth and profitability.

Portfolio Pulse from Lekha Gupta

October 03, 2023 | 11:06 am

ODD

ODDITY Tech has reported strong preliminary Q3 results, which will enable the company to achieve a net revenue growth of at least 58% in the first three quarters of 2023. As a result, the company's shares are trading higher.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 11:04 am

MRK

PDSB

PDS Biotechnology Corporation (NASDAQ:PDSB) has announced updated interim data from the VERSATILE-002 Phase 2 clinical trial evaluating PDS0101 in combination with Merck's (NYSE:MRK) KEYTRUDA in patients with HPV16-positive head and neck squamous cell carcinoma. The 24-month survival rate was 74% in immune checkpoint inhibitor naive patients.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 11:03 am