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ABT

Abbott Laboratories is recalling some FreeStyle Libre 3 sensors due to incorrect high glucose readings, which could lead to serious health issues. The recall does not affect the FreeStyle Libre 3 reader or app. Abbott also announced the U.S. availability of Lingo, a new glucose monitoring system without a prescription.

Portfolio Pulse from Vandana Singh

September 05, 2024 | 6:45 pm

MRK

Merck & Company, Inc. (NYSE:MRK) shares are trading higher after the company completed negotiations with the pan-Canadian Pharmaceutical Alliance regarding WELIREG, moving it closer to public reimbursement in Canada.

Portfolio Pulse from Dylan Berman

September 05, 2024 | 6:42 pm

KREF

KKR Real Estate Finance shares rose following an upgrade by Keefe, Bruyette & Woods from Market Perform to Outperform, with a price target increase from $11.5 to $13.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 6:36 pm

NVO

NVS

Goldman Sachs has downgraded Novartis AG (NYSE:NVS) from Buy to Neutral, citing limited near-term innovation catalysts and a premium valuation compared to the European Biopharma sector. Despite ongoing share buybacks, significant stock gains are not expected until mid-2025.

Portfolio Pulse from Vandana Singh

September 05, 2024 | 6:34 pm

MARA

Marathon Digital's shares are declining as Bitcoin prices fall. The company also released its August Bitcoin production report.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 6:32 pm

APLD

CHPT

EAST

SAIC

Science Applications International Corp (SAIC) reported strong Q2 earnings, with revenue and EPS beating analyst expectations. Eastside Distilling (EAST) surged on a merger announcement, while Applied Digital (APLD) rose on a significant financing agreement. ChargePoint Holdings (CHPT) fell due to disappointing revenue results.

Portfolio Pulse from Avi Kapoor

September 05, 2024 | 6:30 pm

MEDP

Medpace Hldgs (NASDAQ:MEDP) has significantly outperformed the market over the past 5 years, with an average annual return of 33.81%. A $100 investment in MEDP 5 years ago would now be worth $425.66, highlighting the power of compounded returns.

Portfolio Pulse from Benzinga Insights

September 05, 2024 | 6:30 pm

ELF

e.l.f. Beauty (NYSE:ELF) has significantly outperformed the market over the past 5 years, with an average annual return of 53.64%. A $1000 investment in ELF 5 years ago would now be worth $8,134.36. The article highlights the power of compounded returns.

Portfolio Pulse from Benzinga Insights

September 05, 2024 | 6:30 pm

JNJ

Johnson & Johnson has increased its talc settlement offer to $9 billion, gaining preliminary support from a key lawyer representing 12,000 claimants. This move aims to cap liabilities and avoid prolonged lawsuits. However, some opposition remains.

Portfolio Pulse from Vandana Singh

September 05, 2024 | 6:30 pm

SAIC

Science Applications International Corporation (SAIC) shares are trading higher following the company's announcement of an increase in its fiscal year 2025 guidance.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 6:29 pm