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INMB

INmune Bio Inc. (NASDAQ:INMB) presented data on INB03, a novel immunotherapy for high-risk breast cancer, at AACR 2024. INB03 targets soluble TNF to modulate immune checkpoints, enhancing therapeutic outcomes in HER2+ and triple-negative breast cancer (TNBC). Studies showed INB03, in combination with anti-HER2 and anti-PD1 therapies, reduced tumor growth and metastasis by altering immune cell behavior and decreasing immune checkpoint proteins. The company seeks partners to advance clinical development and expand its patent portfolio for INB03 in oncology.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 12:16 pm

FSM

Fortuna Silver Mines Inc. (NYSE:FSM) reported strong Q1 2024 gold and gold equivalent production, with gold production up 49% Y/Y and gold equivalent ounces up 20% Y/Y, despite a 32% Y/Y decline in silver production. The company operates mines in West Africa and Latin America, with significant production increases noted in the West Africa Region. Fortuna reiterated its FY24 production guidance for gold, silver, and gold equivalent ounces. FSM shares rose 1.91% in premarket trading.

Portfolio Pulse from Lekha Gupta

April 08, 2024 | 12:13 pm

LOBO

LOBO EV Technologies Ltd. (NASDAQ:LOBO), an electric vehicle manufacturer, announced receiving support from the Xinwu District government in Jiangsu Province, China. This support includes factory spaces, land resources, talent acquisition, and tax incentives, aimed at fostering LOBO's growth. The announcement was made during a gala dinner celebrating LOBO's successful Nasdaq IPO. The company's strategic direction aligns with the local government's vision of transforming Wuxi into a global industrial technology hub. The global market for e-bikes, e-trikes, and e-scooters is expected to grow from $28 billion in 2023 to over $39 billion by 2028.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 12:13 pm

ALUR

UCAR

In Monday's pre-market session, 12 consumer discretionary stocks showed significant movement. U Power, Jiuzi Hldgs, Selina Hospitality, Mondee Hldgs, Canterbury Park Holding, and Worksport were among the gainers, with U Power leading at a 57.6% increase. Conversely, Allurion Technologies, Color Star Tech, Volcon, Connexa Sports Techs, ZHONGCHAO, and Massimo experienced declines, with Allurion Technologies dropping by 12.3%.

Portfolio Pulse from Benzinga Insights

April 08, 2024 | 12:09 pm

BRTX

LGVN

OCGN

PETV

In Monday's pre-market session, several healthcare stocks showed significant movement. Longeveron (LGVN) led the gainers with a 75.0% increase, while BioRestorative Therapies (BRTX) experienced the largest drop among the losers, falling 18.8%. Other notable movers include PetVivo Holdings (PETV) and Ocugen (OCGN), which saw increases of 17.09% and 8.19%, respectively. On the downside, Supernus Pharmaceuticals (SUPN) and Virpax Pharmaceuticals (VRPX) saw declines of 16.34% and 11.32%, respectively.

Portfolio Pulse from Benzinga Insights

April 08, 2024 | 12:09 pm

AEHL

CACO

DCO

LICY

In Monday's pre-market session, several industrials stocks showed significant movement. Gainers included Antelope Ent Hldgs (AEHL) with a 33.3% rise, and losers featured Caravelle Intl Gr (CACO) with a 17.4% decline. Other notable movements were seen in stocks like Ducommun (DCO), EHang Holdings (EH), and Li-Cycle Holdings (LICY), among others, with various factors such as Q4 earnings influencing the market.

Portfolio Pulse from Benzinga Insights

April 08, 2024 | 12:09 pm

AUUD

DATS

MSTR

WTO

In Monday's pre-market session, several Information Technology stocks showed significant movement. UTime, Auddia, and Semantix were among the top gainers, with UTime leading at a 135.8% increase. MicroStrategy and Argo Blockchain also saw notable rises. On the downside, DatChat, Bit Origin, and CCSC Technology experienced declines, with DatChat leading the losses. Movano and Ondas Holdings also saw decreases, while ChipMOS TECHNOLOGIES dropped by 5.07%.

Portfolio Pulse from Benzinga Insights

April 08, 2024 | 12:09 pm

EFSH

1847 Holdings LLC (NYSE:EFSH) announced its intention to acquire a Las Vegas-based commercial cabinet, door, and millwork manufacturer for $16.75M, with the target company reporting $28.6M in revenues and $5.2M in EBITDA for 2023. The acquisition, expected to close in Q3 2024, will be financed entirely through debt. CEO Ellery Roberts highlighted the acquisition's strategic fit, emphasizing separate value creation paths for 1847's existing residential cabinet operations and the new commercial focus of the acquisition.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 12:09 pm

AAPL

NVDA

SMH

SOXX

TSM

Taiwan Semiconductor Manufacturing Co (TSMC) is significantly expanding its U.S. investment to over $65 billion, supported by a $6.6 billion federal grant, to produce advanced 2-nanometer chips. This includes building a third chip manufacturing facility in Phoenix, Arizona, by 2030, marking the largest foreign direct investment in U.S. history for a greenfield project. TSMC also aims for 60% local procurement for its first chip manufacturing facility in Japan by 2030. Despite a severe earthquake in Taiwan, TSMC maintains its annual revenue growth forecast. TSMC stock has gained 59% in the last 12 months, and investors can also gain exposure through VanEck Semiconductor ETF (SMH) and iShares Semiconductor ETF (SOXX).

Portfolio Pulse from Anusuya Lahiri

April 08, 2024 | 12:06 pm

APLD

Applied Digital Corporation (NASDAQ:APLD) is set to release its Q3 earnings before the market opens on April 10, 2024. Analysts predict a quarterly loss of 7 cents per share with revenue expected at $51.92 million. The company's shares dropped 8.9% to $2.98 following the announcement of a definitive purchase agreement with Marathon Digital for the acquisition of its Bitcoin mining data center. Analysts from B. Riley Securities, Needham, Lake Street, and Craig-Hallum have provided varied ratings and price targets for APLD.

Portfolio Pulse from Avi Kapoor

April 08, 2024 | 12:03 pm