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ATHA

Athira Pharma (NASDAQ:ATHA) has successfully completed the first cohort of its Phase 1 clinical trial for ATH-1105, a drug aimed at treating ALS. The trial involved healthy volunteers and is a significant step in the drug's development.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 11:03 am

AAPL

DO

LUV

Global markets showed mixed performance with U.S. indices closing higher, while Asian and European markets experienced declines. Key movements included Apple shares falling, Southwest Airlines surging due to Elliott Investment's stake, and Diamond Offshore soaring after Noble's acquisition announcement. The Federal Reserve is expected to maintain the federal funds rate. Commodities and futures showed varied performance, and the U.S. Dollar Index rose.

Portfolio Pulse from Akanksha Bakshi

June 11, 2024 | 10:59 am

BYDDF

NIO

XPEV

XPeng Inc. (NYSE:XPEV) has revealed the name and image of its first model from the Mona sub-brand, the Xpeng M03, which will use BYD batteries. This move follows a similar strategy by NIO Inc. (NYSE:NIO) with its Onvo sub-brand. The M03 is expected to launch in 2024 and will be an A-class smart electric model. XPeng shares are trading higher by 0.63% premarket.

Portfolio Pulse from Nabaparna Bhattacharya

June 11, 2024 | 10:59 am

WDS

Woodside Energy Group Ltd (NYSE:WDS) shares are trading lower premarket after announcing the first oil from the Sangomar field offshore Senegal. The project, developed by a joint venture including Woodside and PETROSEN, features a standalone FPSO facility and subsea infrastructure. The project cost remains within the $4.9 billion – $5.2 billion range, with production ramping up through 2024.

Portfolio Pulse from Lekha Gupta

June 11, 2024 | 10:45 am

NNVC

NanoViricides' NV-387 has shown a flat blood concentration profile for prolonged antiviral effect in clinical trials. This first-in-class, broad-spectrum antiviral agent aims to revolutionize the treatment of viral infections including RSV, COVID, and influenzas.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 10:43 am

HON

Honeywell has launched Battery MXP, an AI-powered software solution aimed at reducing cell manufacturing costs.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 10:34 am

SAGE

Sage Therapeutics announced that its Phase 2 SURVEYOR study has shown promising results in strengthening the cognitive impact of Huntington's disease.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 10:33 am

AAL

BA

ITA

PPA

Boeing is close to securing a major order from El Al Israel Airlines for 30 737 Max jets, worth between $2 billion and $2.5 billion. This deal follows a turbulent start to the year for Boeing due to a significant mishap involving the 737 Max. The agreement marks a significant rebound for Boeing, which has faced scrutiny and criticism. Boeing's stock has lost more than 14% in the last 12 months.

Portfolio Pulse from Shivani Kumaresan

June 11, 2024 | 10:26 am

AAPL

Apple Inc. (NASDAQ:AAPL) announced a new AI initiative aimed at boosting iPhone sales, but analysts are skeptical about its impact on consumer behavior. Despite the integration of advanced AI features and a partnership with OpenAI, analysts believe the initiative may not be enough to drive significant new customer growth.

Portfolio Pulse from Benzinga Neuro

June 11, 2024 | 10:21 am

FTXL

INTC

SHOC

Intel Corp (NASDAQ:INTC) has paused its $25 billion chip plant construction in Israel, citing the need for flexibility in large-scale projects due to changing business conditions and market dynamics. Despite the pause, Intel remains committed to its operations in Israel, where it employs nearly 12,000 people. The Israeli government had previously agreed to provide Intel with a $3.2 billion incentive for the project. Intel's stock has lost over 6% in the last 12 months, but closed higher by 0.55% at $30.91 on Monday. Investors can access Intel stock via First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) and Strive U.S. Semiconductor ETF (NYSE:SHOC).

Portfolio Pulse from Shivani Kumaresan

June 11, 2024 | 10:08 am