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IFRX

InflaRx N.V. (NASDAQ:IFRX) announced topline results from the single ascending dose (SAD) part of its Phase I trial of the orally administered C5aR inhibitor INF904. The results showed an excellent safety and tolerability profile, as well as a favorable pharmacokinetic and pharmacodynamic profile, confirming INF904's best-in-class potential.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 11:03 am

ETHUSD

SOL

SOLUSD

Analytics firm IntoTheBlock has suggested a potential $3 billion sell-off in the cryptocurrency market, possibly triggered by the impending liquidation of bankrupt crypto exchange FTX. The firm's digital asset portfolio, valued at around $3 billion, is under threat. Ethereum (CRYPTO: ETH) and Solana (CRYPTO: SOL) have been singled out as significant parts of FTX's assets. The exact timeline for the liquidation remains unknown.

Portfolio Pulse from Benzinga Neuro

September 11, 2023 | 11:00 am

BLRX

Shares of Bioline RX have been halted due to pending news. Further details are yet to be disclosed.

Portfolio Pulse from Charles Gross

September 11, 2023 | 10:57 am

GRNT

Granite Ridge Resources, Inc. (NYSE:GRNT) has announced the launch of a secondary public offering of 7.1 million shares by Grey Rock Energy Management, LLC. The underwriters have a 30-day option to purchase up to an additional 1,065,000 shares. Granite Ridge will not sell any common stock in the offering and will not receive any proceeds from the sale.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 10:57 am

SJM

TWNK

J.M. Smucker Co (SJM) is reportedly close to acquiring Hostess Brands (TWNK) for approximately $4 billion. Hostess, which has been expanding its product range and reported a revenue of $1.358 billion in 2022, returned to public markets in 2016. SJM, which has been expanding its portfolio through acquisitions, reported a 21% increase in net sales and a 69% increase in operating income.

Portfolio Pulse from Shivani Kumaresan

September 11, 2023 | 10:56 am

AAPL

CASY

FCEL

ORCL

QQQ

SPY

TSLA

The S&P 500 and Nasdaq are expected to rebound due to strength in Tesla and Apple. However, a possible UAW strike and caution ahead of August inflation data could temper sentiment. Oracle's earnings, treasury yields, and oil prices will be in focus. The SPDR S&P 500 ETF Trust and the Invesco QQQ ETF gained in premarket trading. Tesla and Apple stocks also rallied in premarket trading. FuelCell Energy and Oracle are due to report their quarterly results.

Portfolio Pulse from Shanthi Rexaline

September 11, 2023 | 10:44 am

BHRB

MLYS

THS

Insider trades were noted in TreeHouse Foods, Inc. (NYSE:THS), Burke & Herbert Financial Services Corp. (NASDAQ:BHRB), and Mineralys Therapeutics, Inc. (NASDAQ:MLYS). Jana Partners LLC, a director at TreeHouse Foods, acquired 112,275 shares at an average price of $44.53, costing around $5 million. Mark G. Anderson, a director at Burke & Herbert Financial Services, acquired 2,400 shares at an average price of $50.00, costing around $120,000. Jon Congleton, CEO of Mineralys Therapeutics, bought 2,250 shares at an average price of $12.08, costing around $27,180.

Portfolio Pulse from Lisa Levin

September 11, 2023 | 10:38 am

OVV

Ovintiv Inc. announced that NMB Stock Trust intends to sell 15 million shares of the company's common stock. The sale will be conducted under the company's shelf registration statement previously filed with the Securities and Exchange Commission.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 10:34 am

LLAP

Terran Orbital (NYSE:LLAP) has officially opened a new 60,000-square-foot satellite manufacturing space in Irvine, CA. This addition expands the total size of the manufacturing complex to approximately 98,000 square feet.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 10:31 am

Cigna officials have stated that they expect to reaffirm their projected FY23 consolidated adjusted EPS from operations outlook of at least $24.70, slightly below the estimated $24.81.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 10:25 am