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NVS

Novartis' generics unit Sandoz expects to add $3 billion in annual sales over the next five years after spinning out of its parent company. The growth will come from biosimilars and complex generics, with a pipeline of 24 products and over 400 core generic products. Novartis anticipates mid-single-digit net sales growth for Sandoz between 2024 and 2028.

Portfolio Pulse from Vandana Singh

June 08, 2023 | 11:57 am

FDMT

4D Molecular Therapeutics (NASDAQ:FDMT) announced positive interim data from the 4D-710 Phase 1/2 AEROW trial for cystic fibrosis lung disease. The aerosol delivery procedure was well tolerated, and biomarker analyses showed widespread CFTR expression. The company also recently released interim clinical data for wet age-related macular degeneration.

Portfolio Pulse from Vandana Singh

June 08, 2023 | 11:53 am

BW

DG

UEIC

Insiders have recently purchased shares in Dollar General, Babcock & Wilcox Enterprises, and Universal Electronics. Dollar General reported worse-than-expected Q1 results and cut its FY23 sales growth outlook, while Babcock & Wilcox posted a wider-than-expected quarterly loss. Universal Electronics reported better-than-expected quarterly results.

Portfolio Pulse from Lisa Levin

June 08, 2023 | 11:53 am

RPTX

Repare Therapeutics reported initial proof of concept monotherapy data from its Phase 1 MYTHIC trial evaluating lunresertib in advanced solid tumors. Preliminary antitumor activity was observed, and early clinical combination insights demonstrated greater antitumor activity with lunresertib plus camonsertib. The tolerability profile of lunresertib monotherapy appears favorable.

Portfolio Pulse from Vandana Singh

June 08, 2023 | 11:49 am

BTCUSD

Economist Peter Schiff advised his followers to sell Bitcoin (BTC) and invest in gold on Jan 12, when BTC was trading above $18,000. Since then, Bitcoin's value has increased by over 40%, and those who ignored Schiff's advice would now have approximately $141 from a $100 investment.

Portfolio Pulse from Mehab Qureshi

June 08, 2023 | 11:39 am

VLN

Valens Semiconductor (NYSE: VLN) has revised its FY23 guidance, cutting revenue outlook and planning to reduce headcount by 15% to improve operational efficiency. The company expects to save around $9 million annually in operating expenses and complete the plan by Q3 2023.

Portfolio Pulse from Lekha Gupta

June 08, 2023 | 11:37 am

ANVS

Annovis Bio announced that its Phase 3 study of lead compound Buntanetap for Parkinson's disease has reached full enrollment in just nine months. The study is expected to conclude in November, with top-line assessment data available by the end of the year.

Portfolio Pulse from Benzinga Newsdesk

June 08, 2023 | 11:33 am

AAL

DAL

SAVE

UAL

Inbound flights to LaGuardia Airport have been grounded once again, potentially causing disruptions for airlines such as American Airlines (AAL), Delta Air Lines (DAL), Spirit Airlines (SAVE), and United Airlines (UAL).

Portfolio Pulse from Benzinga Newsdesk

June 08, 2023 | 11:30 am

UBER

Uber Technologies announced plans to launch peer-to-peer car sharing in North America, starting with Toronto and Boston. The move is part of the company's sustainability efforts and aims to curb emissions. The service, called Uber Carshare, allows customers to rent vehicles by the hour or day using the app.

Portfolio Pulse from Anusuya Lahiri

June 08, 2023 | 11:29 am

BLK

BlackRock plans to raise up to $7 billion for its fourth Global Renewable Power Fund, focusing on projects in OECD nations. The fund may invest in wind, solar power, batteries, and grid infrastructure. The demand for such projects has grown among institutional investors as they align their portfolios with the shift to a low-carbon economy.

Portfolio Pulse from Akanksha Bakshi

June 08, 2023 | 11:19 am