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CNTG

Centogene has regained compliance with Nasdaq's listing requirements, avoiding potential delisting.

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 10:33 am

FREQ

Korro Bio and Frequency Therapeutics have entered into a definitive merger agreement to combine in an all-stock transaction. The combined company will focus on the advancement of Korro Bio's portfolio of RNA editing programs and will operate under Korro Bio, Inc. It will apply to trade on Nasdaq under the ticker symbol 'KRRO'.

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 10:32 am

XRPUSD

Cameron Winklevoss, co-founder of cryptocurrency exchange Gemini, criticized the Biden administration's stance on cryptocurrencies. This comes as a recent poll shows 2024 Democratic presidential contender Robert F. Kennedy Jr. gaining favorability. Winklevoss's criticism coincides with a legal development involving the SEC, which had filed a lawsuit against Ripple Labs. However, a court ruling determined that XRP, the cryptocurrency in question, does not qualify as a security. XRP was trading at $0.079, up 65% in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

July 14, 2023 | 10:31 am

FWBI

HC Wainwright & Co. analyst Yi Chen has downgraded First Wave BioPharma from Buy to Neutral.

Portfolio Pulse from richadhand@benzinga.com

July 14, 2023 | 10:15 am

AMZN

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GOOGL

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WFC

US stocks extended gains with the Nasdaq gaining over 1% for a second session. Producer prices for final demand in the US rose 0.1% month-over-month in June, lower than market expectations. Initial jobless claims declined to 237,000. JPMorgan Chase, Citigroup, and Wells Fargo are set to release earnings. PepsiCo shares gained 2.4% after increasing its annual revenue and profit guidance. The Nasdaq 100 rose 1.73% amid gains in shares of Amazon and Alphabet. The S&P 500 rose 0.85%, while the Dow Jones gained 0.14%. The CBOE Volatility Index rose 0.5%.

Portfolio Pulse from Lisa Levin

July 14, 2023 | 10:07 am

YTEN

Yield10 Bioscience has filed for a common stock offering, although the size of the offering has not been disclosed.

Portfolio Pulse from Charles Gross

July 14, 2023 | 10:03 am

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BAC

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TSLA

XRP-USD

Ark Invest purchased 1.4M shares of Quantum-Si. Citigroup is expected to report lower Q2 earnings. Bank of America is adopting AI and Metaverse for new employee onboarding. Tesla may soon include AirPlay for in-car entertainment. BYD, backed by Warren Buffett, is planning to enter India's EV market with a $1B proposal. Over $33M worth of XRP shorts were liquidated in 12 hours.

Portfolio Pulse from Akanksha Bakshi

July 14, 2023 | 9:55 am

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JP Morgan analyst Philip Cusick has downgraded AT&T (NYSE:T) from Overweight to Neutral and lowered the price target from $22 to $17.

Portfolio Pulse from richadhand@benzinga.com

July 14, 2023 | 9:55 am

AA

JP Morgan analyst Bill Peterson has downgraded Alcoa (NYSE:AA) from Overweight to Neutral and lowered the price target from $54 to $36.

Portfolio Pulse from richadhand@benzinga.com

July 14, 2023 | 9:53 am

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JPM

WFC

On Thursday, July 13, Wall Street ended the session higher, with U.S. chip stocks leading the gainers. The Dow Jones Industrial Average, the S&P 500, and the Nasdaq Composite all closed higher. JP Morgan Chase, Wells Fargo, and Citigroup are set to release their Q3 results today. Asian markets showed mixed results, with Japan's Nikkei 225 closing lower and Australia's S&P/ASX 200 closing higher. The Pan-European STOXX 600 index was up, while commodities showed mixed results. U.S. futures were also mixed, and the U.S. Dollar Index was flat.

Portfolio Pulse from Akanksha Bakshi

July 14, 2023 | 9:48 am