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GILD

The FDA has placed a partial clinical hold on Gilead Sciences Inc's (NASDAQ:GILD) initiation of new patients in U.S. studies evaluating magrolimab to treat acute myeloid leukemia (AML). This follows the discontinuation of Phase 3 ENHANCE study of magrolimab in higher-risk myelodysplastic syndromes (HR-MDS). Gilead is working with regulatory authorities to determine the next steps to release the partial clinical hold.

Portfolio Pulse from Vandana Singh

August 21, 2023 | 3:46 pm

QCOM

Unusual options activity has been observed for Qualcomm (NASDAQ:QCOM), with a large bearish position being taken. The overall sentiment of these big-money traders is split between 43% bullish and 56% bearish. The price target for Qualcomm over the last 3 months has been between $95.0 to $135.0. Analysts from Susquehanna, Morgan Stanley, Daiwa Capital, and Piper Sandler have maintained positive ratings on Qualcomm, with price targets ranging from $125 to $145.

Portfolio Pulse from Benzinga Insights

August 21, 2023 | 3:46 pm

COST

A significant investor has taken a bearish stance on Costco Wholesale (NASDAQ:COST), with 66% of recent trades being bearish. The price target for Costco Wholesale over the last 3 months has been between $220.0 to $600.0. The current price of COST is down -0.95% at $539.76. Several advisory groups have maintained their positive ratings on Costco, with price targets ranging from $575 to $640.

Portfolio Pulse from Benzinga Insights

August 21, 2023 | 3:46 pm

EH

EHang Holdings Limited's shares are trading higher following the announcement that the Civil Aviation Administration of China approved the EHang Unmanned Aircraft Cloud System for UACS trial operations.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2023 | 3:37 pm

ESTE

Earthstone Energy has announced a definitive agreement to be acquired by Permian Resources in an all-stock transaction valued at approximately $4.5 billion. This has led to a rise in Earthstone Energy's share prices.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2023 | 3:32 pm

EH

EHang Holdings Limited's Unmanned Aircraft Cloud System (UACS) has been approved by the Civil Aviation Administration of China (CAAC) for trial operations. This approval strengthens EHang's foundation for commercial operations following the certification of EH216-S. The UACS will be a crucial component in the commercial operations of EH216-S. EHang shares are trading higher by 9.2% at $18.09.

Portfolio Pulse from Shivani Kumaresan

August 21, 2023 | 3:22 pm

X

US Steel's shares are trading higher after a report suggested that ArcelorMittal is considering an offer between $38-$39 per share for the company.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2023 | 3:21 pm

AVGO

VMW

Broadcom Inc (NASDAQ:AVGO) shares are trading higher after the company affirmed its expectation that its VMware Inc (NYSE:VMW) acquisition will close at the end of October. The company has received final transaction approval from the UK's Competition and Markets Authority and legal merger clearance in the European Union, Australia, Brazil, Canada, Israel, South Africa, and Taiwan. In the U.S., pre-merger waiting periods have expired and no legal hurdles remain.

Portfolio Pulse from Adam Eckert

August 21, 2023 | 3:17 pm

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META

MPW

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TSLA

WMT

X

Meta Platforms is preparing to launch a desktop version of Threads to compete with Elon Musk's X. Amazon has restarted its external shipping service, challenging FedEx and UPS. High-profile investors have presented a competing bid for Sculptor Capital Management. Kraft Heinz plans to offer Lunchables to school cafeterias. Medical Properties Trust's deal with Prospect Medical Holdings is on hold. Tesla has suffered a data breach affecting over 75,000 people. Old Dominion Freight Line has offered $1.5 billion to acquire Yellow Corp's terminals. General Motors' Cruise is under investigation after a collision. DuPont is in talks to sell its Delrin resins unit. Disney is in a legal battle with Florida Governor Ron DeSantis. Goldman Sachs faces potential lawsuits over the 1MDB scandal. Citigroup is considering splitting its largest division. Walmart and Centric Brands are examining their Cambodian supply chains. US Steel denies union veto rights in company sale.

Portfolio Pulse from Vandana Singh

August 21, 2023 | 3:17 pm

NSSC

NAPCO Security Technologies reported preliminary Q4 financial results, which led to a decrease in its share prices. Several firms also downgraded their ratings and price targets for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2023 | 3:16 pm