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AMZN

Amazon is ending its remote work policy, requiring employees to return to the office full-time starting January. This decision, announced by CEO Andy Jassy, is seen by some former employees as a cost-cutting measure to encourage voluntary resignations, a practice dubbed 'Silent Sacking.' The move is also linked to economic benefits, such as tax breaks and local economic support.

Portfolio Pulse from Stjepan Kalinic

September 18, 2024 | 11:12 pm

GD

ITA

NOC

PPA

TDG

XAR

A Ukrainian drone attack caused a massive explosion at a Russian arsenal in the Tver region, leading to evacuations. Defense stocks showed mixed reactions, with some gaining and others declining.

Portfolio Pulse from Michael Juliano

September 18, 2024 | 10:25 pm

BLMZ

BloomZ has received a notification from Nasdaq indicating non-compliance with the minimum market value requirement. This could lead to potential delisting if not rectified.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 9:32 pm

CORZ

Core Scientific's stock surged as the Federal Reserve announced a 50 bps interest rate cut, boosting risk assets like stocks and cryptocurrencies. The stock hit an intraday high of $12.48 and closed up 4.79% at $12.03. The company plans to expand its AI data center services, potentially increasing its valuation significantly.

Portfolio Pulse from Erica Kollmann

September 18, 2024 | 9:28 pm

AAPL

HNHPF

Apple shares rose by 1.80% following the Federal Reserve's unexpected 50 basis points rate cut, which signals a shift in economic policy. Meanwhile, Foxconn, a key Apple supplier, is advancing in the EV market with new investments and prototypes.

Portfolio Pulse from Vaishali Prayag

September 18, 2024 | 9:20 pm

INCY

SNDX

Incyte and Syndax have announced the publication of data from the pivotal AGAVE-201 trial of Niktimvo, which met its primary endpoint across all cohorts. This is a significant milestone for both companies.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 9:20 pm

NOC

Northrop Grumman reports progress in the B-21 Raider program, highlighting advancements in the flight test campaign and scaling into production.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 9:18 pm

BTCUSD

DOGEUSD

ETHUSD

Cryptocurrency markets are stabilizing after the Federal Reserve's 50-basis-point interest rate cut, making risk assets more appealing. Bitcoin, Ethereum, and Dogecoin are among the cryptocurrencies reacting to this decision. Notably, U.S. Bitcoin ETFs are purchasing more Bitcoin than is being mined, indicating strong institutional interest.

Portfolio Pulse from Khyathi Dalal

September 18, 2024 | 9:12 pm

SANG

Sangoma Technologies reported a Q4 2024 GAAP EPS of $(0.05), missing the $(0.03) estimate, and sales of $60.93M, slightly below the $61.03M estimate. This represents a 4.31% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 9:10 pm

ALGS

Aligos Therapeutics is set to release topline results from its Phase 2a HERALD study of ALG-055009, targeting metabolic-dysfunction associated steatohepatitis (MASH). This development could impact the company's stock performance.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 9:03 pm