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NSTG

TXG

10x Genomics Inc (NASDAQ:TXG) won an injunction against NanoString Technologies Inc (NASDAQ:NSTG) in a patent litigation case, forcing NanoString to stop selling its CosMx Spatial Molecular Imager instrument and RNA detection reagents in Germany. The decision is limited to Germany and does not apply to using the CosMx SMI instrument to detect proteins.

Portfolio Pulse from Vandana Singh

May 18, 2023 | 4:57 pm

AVRO

Avrobio Inc (NASDAQ:AVRO) announced positive follow-up data from a Phase 1/2 trial of its investigational gene therapy, AVR-RD-04, for cystinosis. The treatment demonstrated durability across key measures up to 36 months, with no adverse events related to the drug product. The company plans to initiate late-stage cystinosis trial activities in 2H 2023.

Portfolio Pulse from Vandana Singh

May 18, 2023 | 4:53 pm

ATHM

BABA

Autohome shares are trading lower as Chinese stocks fall amid weakness in Alibaba.

Portfolio Pulse from Benzinga Newsdesk

May 18, 2023 | 4:51 pm

WBA

Walgreens Boots Alliance (WBA) has settled an opioid lawsuit in San Francisco for $230 million, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

May 18, 2023 | 4:51 pm

AAPL

Apple has reportedly lowered its sales estimates for its mixed-reality headsets before its expected launch in June. The company initially aimed to sell 3 million units annually but has now reduced its forecast to 900,000 units. The headsets are expected to contribute over $25 billion to Apple's annual revenue.

Portfolio Pulse from Nabaparna Bhattacharya

May 18, 2023 | 4:50 pm

BABA

NIO

NIO shares are trading lower as Chinese stocks fall amid weakness in Alibaba.

Portfolio Pulse from Benzinga Newsdesk

May 18, 2023 | 4:47 pm

DKNG

DraftKings shares are trading higher as Needham maintains a Buy rating and a $36 price target on the stock.

Portfolio Pulse from Benzinga Newsdesk

May 18, 2023 | 4:42 pm

DOLE

Dole shares are trading higher following the company's better-than-expected Q1 earnings per share (EPS) results.

Portfolio Pulse from Benzinga Newsdesk

May 18, 2023 | 4:41 pm

REG

UBA

Regency Centers Corp (REG) announced the acquisition of Urstadt Biddle Properties Inc (UBA) in an all-stock transaction for around $1.4 billion. The combined company will have a pro forma equity market capitalization of about $11 billion and a total enterprise value of around $16 billion. The acquisition is expected to be immediately accretive to core operating earnings.

Portfolio Pulse from Lekha Gupta

May 18, 2023 | 4:41 pm

TME

Tencent Music shares are trading lower due to weakness in Chinese stocks following Alibaba's earnings report.

Portfolio Pulse from Benzinga Newsdesk

May 18, 2023 | 4:40 pm