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BIIB

Portfolio Pulse from Charles Gross

July 07, 2023 | 11:10 am

BRTX

BioRestorative Therapies' drug candidate BRTX-100 has passed safety tests and is moving ahead with Phase 2 of its development. This is a significant milestone for the company and could potentially impact its stock price.

Portfolio Pulse from Benzinga Newsdesk

July 07, 2023 | 11:08 am

AAON

AAON has announced a 3-for-2 stock split, which will be paid in the form of a stock dividend.

Portfolio Pulse from Benzinga Newsdesk

July 07, 2023 | 11:05 am

LLY

NVO

Novo Nordisk has filed lawsuits against TruLife Pharmacy, Brooksville Pharmaceuticals, and WellHealth Inc, accusing them of illegally selling products containing semaglutide, an active ingredient in Novo Nordisk's weight loss and diabetes drugs. The company argues that these actions create an unfair competitive advantage and jeopardize patient safety. The global weight-loss therapies market is expected to reach $100 billion in the next decade, with Novo Nordisk and Eli Lilly as the primary beneficiaries.

Portfolio Pulse from Vandana Singh

July 07, 2023 | 11:03 am

BIIB

Trading of Biogen shares is set to resume at 7:10 AM ET.

Portfolio Pulse from Charles Gross

July 07, 2023 | 10:53 am

BIIB

COST

LEVI

QQQ

SPY

Stock futures dipped slightly on Friday as traders awaited the June non-farm payrolls report. Thursday's trading saw stocks close lower due to data suggesting a tight labor market and speculation of a rate hike at the upcoming Federal Reserve meeting. The SPDR S&P 500 ETF Trust (NYSE:SPY) and the Invesco QQQ ETF (NASDAQ:QQQ) both fell in premarket trading. Levi Strauss & Co. (NYSE:LEVI), Biogen, Inc. (NYSE:BIIB), and Costco Wholesale Corp. (NASDAQ:COST) are in focus due to recent developments.

Portfolio Pulse from Shanthi Rexaline

July 07, 2023 | 10:52 am

BTAI

LEVI

LXRX

RIOT

SENS

VRNS

Several US stocks are trading lower in the pre-market session. Levi Strauss & Co. (LEVI) shares dipped 8.2% despite reporting upbeat Q2 earnings, as the company lowered its annual profit outlook. BioXcel Therapeutics (BTAI) shares fell 7.4% following the release of topline results for a Phase 3 trial of BXCL501 for Alzheimer's disease-related agitation. Senseonics Holdings (SENS) shares dropped 5.4% after reporting equity grants to employees. Varonis Systems (VRNS) shares declined 4.8%, Lexicon Pharmaceuticals (LXRX) shares fell 3.2%, and Riot Platforms (RIOT) shares slipped 2.5% after issuing production and operations updates.

Portfolio Pulse from Lisa Levin

July 07, 2023 | 10:48 am

MSFT

Zoom Video Communications (ZM) stock is trading higher amid reports of the company increasing its technology investments in the Asia-Pacific region to boost growth. The company is optimistic about the growth of its phone product in the region. Zoom's cloud-based phone solution now makes up 10% of its revenue. The company is also investing in AI, including a recent investment in Anthropic, an AI safety and research company. In Q1, Zoom reported total revenue of $1.11 billion, up 3% YoY, beating estimates.

Portfolio Pulse from Anusuya Lahiri

July 07, 2023 | 10:38 am

BABA

Alibaba Group Holding Limited (NYSE:BABA) stock is trading higher amid reports of China looking to end its regulatory overhaul on fintech affiliate Ant Group with a penalty of $1.1 billion. The penalty will help Ant Group secure a financial holding company license and revive its listing plans. Alibaba also announced that its AI image generator will be initially available to enterprise customers in beta form.

Portfolio Pulse from Anusuya Lahiri

July 07, 2023 | 10:33 am

Zoom Video Communications is reportedly increasing its technical investments in the Asia-Pacific region to boost growth, leading to a rise in its stock.

Portfolio Pulse from Benzinga Newsdesk

July 07, 2023 | 10:32 am