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DNA

PFE

Ginkgo Bioworks Holdings (DNA) announced a collaboration with Pfizer (PFE) for the discovery of RNA-based drug candidates. Pfizer will use Ginkgo's RNA technology for novel RNA molecule discovery and development. Ginkgo will receive an upfront payment and could receive up to $331 million in fees and milestone payments across three planned programs, along with potential royalties on future sales.

Portfolio Pulse from Adam Eckert

September 27, 2023 | 1:45 pm

BHVN

COST

KNW

MCLD

PIXY

SPRC

STSS

US stocks opened higher with the Nasdaq Composite gaining around 50 points. Costco Wholesale Corporation reported better-than-expected earnings and sales results for its fourth quarter. ShiftPixy, Inc., SciSparc Ltd., and Biohaven Ltd. saw significant stock price increases. mCloud Technologies Corp., Sharps Technology, Inc., and Know Labs, Inc. experienced stock price drops.

Portfolio Pulse from Lisa Levin

September 27, 2023 | 1:45 pm

KNW

Know Labs Inc (NASDAQ:KNW) shares dropped by 34% to $0.23 after the company announced a $7 million public offering of common stock. The offering is expected to close on September 29. The proceeds will be used for product development, clinical studies, general and administrative expenses, intellectual property, and working capital.

Portfolio Pulse from Henry Khederian

September 27, 2023 | 1:41 pm

PAYX

Paychex Inc reported Q1 FY24 sales growth of 7% YoY to $1.286 billion, slightly missing the analyst consensus estimate of $1.29 billion. Adjusted EPS of $1.14 beat the analyst consensus estimate of $1.12. The company revised its FY24 adjusted EPS growth outlook from 9%-10% to 9%-11%. PAYX shares are trading lower by 0.34% at $112.34.

Portfolio Pulse from Shivani Kumaresan

September 27, 2023 | 1:39 pm

UBS

The US Department of Justice (DOJ) is intensifying its investigation into UBS Group AG (NYSE:UBS) and Credit Suisse Group for alleged failures in compliance, which may have allowed Russian clients to evade sanctions. The investigation has transformed from a series of subpoenas to a full-fledged investigation, with a primary focus on Credit Suisse Group. UBS, which took over Credit Suisse in June, has been notified about the alleged involvement of its recently acquired subsidiary in sanctions violations.

Portfolio Pulse from Piero Cingari

September 27, 2023 | 1:37 pm

AMD

MSFT

NVDA

TSM

AMD's CEO Lisa Su has highlighted the company's focus on AI, comparing its impact to major technological shifts like the internet and mobile phones. She also discussed the prospects of PC gaming, console gaming, and cloud gaming. Su confirmed the possibility of making AMD chips available to Azure customers and acknowledged that chip supply and demand are in a good place. Reports suggest that supply chain dynamics are impacting TSMC, which may have to raise the price of its AI chips, affecting AMD and Nvidia.

Portfolio Pulse from Anusuya Lahiri

September 27, 2023 | 1:37 pm

AAPL

GEO

GOOG

Citron Research has posted a tweet suggesting that GEO Group Inc. (GEO) could see a resurgence to $20 due to the pressing need for law and order in cities currently burdened with significant crime and migrant issues. They also noted that the government seems more focused on probing Apple Inc. (AAPL) and Alphabet Inc. (GOOG).

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 1:34 pm

BTCUSD

ETHUSD

IMXUSD

INJUSD

MKRUSD

Cryptocurrency prices are on the rise with Ethereum (ETH) trading above the $1,600 mark and Bitcoin (BTC) trading above $26,700. The global crypto market cap rose to $1.06 trillion, recording a 24-hour gain of 1.8%. Maker (MKR) and Injective (INJ) were among the top gainers, while Immutable (IMX) was the biggest loser.

Portfolio Pulse from Lisa Levin

September 27, 2023 | 1:34 pm

HUM

WBA

Insurers, including Blue Cross and Blue Shield of Minnesota, are challenging Walgreens Boots Alliance Inc's (NASDAQ:WBA) request for over $103,000 in legal fees amid a legal battle over prescription drug reimbursements. The dispute alleges that Walgreens owes hundreds of millions of dollars to Blue Cross Blue Shield plaintiffs. A similar case is underway in a Washington, D.C., federal court, where Walgreens is contesting a $642 million arbitration award won by Humana Inc (NYSE:HUM).

Portfolio Pulse from Vandana Singh

September 27, 2023 | 1:33 pm

COOK

Morgan Stanley analyst Megan Alexander has downgraded Traeger (NYSE:COOK) from Equal-Weight to Underweight and lowered the price target from $4.75 to $3.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 1:27 pm