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MIRA

MIRA Pharmaceuticals announced promising preclinical results for its novel oral pharmaceutical marijuana analog, MIRA-55, which showed enhanced efficacy over THC in treating anxiety and cognitive decline. The studies confirmed MIRA-55's higher efficacy at CB1 and CB2 receptors and its potential for more consistent and prolonged therapeutic benefits.

Portfolio Pulse from Benzinga Newsdesk

July 15, 2024 | 11:07 am

SCNI

Scinai Immunotherapeutics announced positive in-vivo preclinical study results for NanoAb, showing reduced levels of IL-17 isoforms in psoriatic skin tissue.

Portfolio Pulse from Benzinga Newsdesk

July 15, 2024 | 11:04 am

BLK

FDFF

SCHD

BlackRock, Inc. (NYSE:BLK) reported its Q2 FY24 earnings with an 8% Y/Y revenue growth to $4.805 billion, missing the consensus of $4.849 billion. The company saw record inflows, driven by private markets and ETFs, and reported a 12% Y/Y increase in adjusted EPS to $10.36, beating the consensus of $9.93. BlackRock's total AUM rose to $10.6 trillion. The company also announced acquisitions of Global Infrastructure Partners and Preqin.

Portfolio Pulse from Lekha Gupta

July 15, 2024 | 11:03 am

GNTY

Guaranty Bancshares (NYSE:GNTY) reported Q2 2024 GAAP EPS of $0.65, surpassing the analyst consensus estimate of $0.54 by 20.37%. The company's net interest income (NII) was $23.9 million.

Portfolio Pulse from Benzinga Newsdesk

July 15, 2024 | 11:01 am

AGI

Alamos Gold Inc. (NYSE:AGI) has entered into a $116 million gold sale prepayment agreement to eliminate a significant portion of Argonaut Gold's hedge book, increasing its exposure to rising gold prices. The deal involves the delivery of 49,384 ounces of gold in 2025.

Portfolio Pulse from Benzinga Newsdesk

July 15, 2024 | 11:00 am

BABA

BIDU

BILI

JD

LI

NIO

PDD

XPEV

Alibaba and other Chinese tech and EV stocks, including NIO, XPeng, and Li Auto, are trading lower after China's Q2 economic growth missed expectations. The economy grew by 4.7%, below the 5.1% forecast, with a property downturn and job insecurity stalling recovery. Analysts expect more policy easing to counteract the slowdown.

Portfolio Pulse from Anusuya Lahiri

July 15, 2024 | 10:59 am

SITC

SITE Centers Corp. (NYSE:SITC) announced a one-for-four reverse stock split, effective August 19, 2024. Shareholders will receive cash for fractional shares.

Portfolio Pulse from Benzinga Newsdesk

July 15, 2024 | 10:58 am

SEM

Select Medical Holdings Corporation (NYSE:SEM) announced that its subsidiary, Concentra Group Holdings Parent, Inc., has launched an IPO for 22.5 million shares on the NYSE under the symbol 'CON'. The IPO price is expected to be between $23.00 and $26.00 per share. Select Medical will retain a majority stake in Concentra post-IPO.

Portfolio Pulse from Benzinga Newsdesk

July 15, 2024 | 10:54 am

SEDG

SolarEdge Technologies is reducing its workforce by approximately 400 employees, including 200 in Israel, due to market downturns and excess inventory. The company is also cutting discretionary spending. The solar industry downturn, particularly in Europe, and slower-than-expected PV installation rates are impacting the business. However, there is slight growth in North American installation rates, and the company is ramping up US manufacturing capacity.

Portfolio Pulse from Benzinga Newsdesk

July 15, 2024 | 10:50 am

AAPL

Apple shares are trading higher after Morgan Stanley maintained an Overweight rating on the stock and raised its price target from $216 to $273.

Portfolio Pulse from Benzinga Newsdesk

July 15, 2024 | 10:46 am