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AAPL

Apple has announced the introduction of Apple Intelligence, a new suite of AI features set to launch in October. Despite this announcement, Apple's shares have experienced a downside in trading volume.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 5:57 pm

AZN

AstraZeneca reported that its drug Datopotamab Deruxtecan showed a numerical overall survival benefit over Docetaxel in the TROPION-Lung01 trial, but it did not reach statistical significance. No overall survival improvement was observed.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 5:55 pm

TTWO

Martyn Ware, co-founder of Heaven 17, rejected Rockstar Games' $7,500 offer to license the song 'Temptation' for Grand Theft Auto 6, criticizing the offer as undervaluing the song's contribution. Rockstar, a subsidiary of Take-Two Interactive, is known for its impactful game soundtracks.

Portfolio Pulse from Franca Quarneti

September 09, 2024 | 5:54 pm

FOX

FOXA

Seaport Research analyst David Joyce downgraded Fox Corp (NASDAQ:FOX) (NASDAQ:FOXA) from Buy to Neutral due to growth concerns despite a surge in political ad spending. The stock has exceeded the analyst's price target, reflecting political ad enthusiasm, but faces growth challenges.

Portfolio Pulse from Anusuya Lahiri

September 09, 2024 | 5:54 pm

CACO

Caravelle International Group's shares are declining following the announcement of a year-over-year decrease in their FY23 financial results.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 5:50 pm

PRGS

RNSC

Progress Software Corporation (NASDAQ:PRGS) is acquiring ShareFile for $875 million, pausing dividends to redirect capital for debt repayment and future investments. The acquisition is expected to boost revenue and customer base significantly. PRGS shares fell 1.59% following the announcement.

Portfolio Pulse from Lekha Gupta

September 09, 2024 | 5:49 pm

AAPL

Apple has introduced its new A18 chip, which is built on a 3-nanometer process and features a 6-core CPU. The chip is 30% faster and more efficient than its predecessor, potentially enhancing the performance of Apple's devices.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 5:49 pm

PNC

PNC shares are experiencing an uptick after the company's presentation at the Barclays Global Financial Services Conference.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 5:47 pm

TOVX

Theriva Biologics (NYSE:TOVX) has seen a 58.82% increase in its short percent of float, now at 0.27% of available shares. This rise in short interest suggests a bearish sentiment among investors, although it remains below the peer group average of 2.48%.

Portfolio Pulse from Benzinga Insights

September 09, 2024 | 5:45 pm

GE

GE Aero's short interest has increased by 6.52%, with 10.54 million shares sold short, representing 0.98% of its float. This is lower than its peers' average of 2.46%. The rise in short interest may indicate bearish sentiment, but it doesn't guarantee a price drop.

Portfolio Pulse from Benzinga Insights

September 09, 2024 | 5:45 pm