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Goldman Sachs sees no immediate signs of ‘AI bubble'
Proactiveinvestors NA· 2025-10-08 15:58
Core Insights - Proactive provides fast, accessible, and informative business and finance news content to a global investment audience [2] - The company focuses on medium and small-cap markets while also covering blue-chip companies and broader investment stories [3] - Proactive's news team delivers insights across various sectors including biotech, mining, oil and gas, and emerging technologies [3] Technology Adoption - Proactive is committed to adopting technology to enhance workflows and content production [4] - The company utilizes automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]
Steven Cohen Doubles The S&P 500 — And His Next Bet's All Gut
Benzinga· 2025-10-08 15:30
Group 1 - Point72 Asset Management, led by Steven Cohen, has achieved a remarkable 131% cumulative return on its top 20 holdings over the past three years, significantly outperforming the S&P 500's 64% return [2] - The hedge fund reported an 18% return in the second quarter, showcasing its ability to navigate market trends, particularly in AI and biotech sectors [2] - Cohen's recent investment in Palisade Bio Inc, a clinical-stage biotech company, involves a $7.6 million position, representing a small 0.03% of his portfolio, indicating a strategic approach to identifying potential market opportunities [3] Group 2 - Palisade Bio recently completed a $138 million public offering to support Phase 2 trials for its lead drug PALI-2108, which targets ulcerative colitis, a chronic intestinal condition [4] - The stock of Palisade Bio has experienced a nearly 200% surge in the past month, with an additional 11% increase in pre-market trading, driven by investor interest in its autoimmune therapy developments [4] - Cohen's investment strategy reflects a focus on identifying inflection points in the market, suggesting that future investment opportunities may arise from the biotech sector, particularly in gut health therapies [5]
Serina Therapeutics Launches Enhanced Corporate Communications Platform to Strengthen Engagement with Patients, Clinicians, and Investors
Globenewswire· 2025-10-08 15:00
Core Insights - Serina Therapeutics has launched a comprehensive corporate communications platform aimed at providing timely and transparent updates to various stakeholders including patients, clinicians, investors, and the scientific community [1][2]. Communication Initiative - The new platform enhances Serina's communication channels, offering clear and accessible information regarding the company's programs, regulatory progress, and scientific advancements [2]. - It will include regular digital updates, educational resources, multimedia content, and expert commentary from company leadership and scientific advisors [2][8]. Leadership Perspective - The CEO of Serina emphasizes the importance of clear communication in biotechnology, especially as the company prepares to initiate the trial of SER-252 for Parkinson's disease [3]. - The platform is intended to be a vital resource for stakeholders, ensuring they can follow the company's progress in developing new treatment options [3][4]. SER-252 Study Overview - The SER-252-1b study is a randomized, double-blind, placebo-controlled Phase 1b trial designed to evaluate the safety, tolerability, and pharmacokinetics of SER-252 in adults with Parkinson's disease [5]. - The study will involve multiple cohorts and will be conducted across sites in the U.S. and Australia [5]. SER-252 Drug Profile - SER-252 is an investigational apomorphine therapy developed using Serina's POZ platform, aimed at providing continuous dopaminergic stimulation through subcutaneous injections [6]. - This therapy is designed to reduce motor fluctuations in advanced Parkinson's patients, enhancing patient comfort and convenience through a wearable drug delivery platform [6]. Company Background - Serina Therapeutics is a clinical-stage biotechnology company focused on developing drug candidates for neurological diseases and other indications [7]. - The company's POZ Platform aims to improve the efficacy and safety profiles of various therapeutic modalities [7].
Wall Street Analysts Predict a 63.7% Upside in Intellia Therapeutics (NTLA): Here's What You Should Know
ZACKS· 2025-10-08 14:55
Core Viewpoint - Intellia Therapeutics, Inc. (NTLA) has shown significant stock price appreciation of 72.1% over the past four weeks, with a mean price target of $33.46 indicating a potential upside of 63.7% from the current price of $20.44 [1] Price Targets and Analyst Estimates - The mean estimate consists of 24 short-term price targets with a standard deviation of $24.02, indicating variability among analysts. The lowest estimate is $8.00 (60.9% decline), while the highest is $106.00 (418.6% increase) [2] - Analysts' price targets can often mislead investors, as empirical research shows that these targets rarely indicate the actual price direction of a stock [7] - A low standard deviation in price targets suggests a high degree of agreement among analysts regarding the stock's price movement, which can serve as a starting point for further research [9] Earnings Estimates and Analyst Agreement - Strong agreement among analysts in revising earnings per share (EPS) estimates higher supports the expectation of an upside for NTLA, as trends in earnings estimate revisions correlate with near-term stock price movements [11] - Over the last 30 days, the Zacks Consensus Estimate for the current year has increased by 0.1%, with one estimate moving higher and no negative revisions [12] - NTLA holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates, indicating potential upside in the near term [13] Conclusion on Price Movement - While the consensus price target may not be a reliable indicator of NTLA's potential gains, the implied direction of price movement appears to be a useful guide [14]
Nasdaq Gains 150 Points; US Mortgage Applications Decline - AlphaTON Capital (NASDAQ:ATON), Envoy Medical (NASDAQ:COCH)
Benzinga· 2025-10-08 14:22
Market Overview - U.S. stocks experienced an upward trend, with the Nasdaq Composite increasing by over 150 points on Wednesday. The Dow rose by 0.08% to 46,642.55, the NASDAQ increased by 0.70% to 22,947.47, and the S&P 500 gained 0.35% to 6,738.32 [1] - Information technology shares saw a notable increase of 1.1% on Tuesday, while energy stocks declined by 0.9% [1] Mortgage Applications - The volume of mortgage applications in the U.S. decreased by 4.7% for the week ending October 3, following a more significant drop of 12.7% in the previous week [2][7] Commodity Prices - In commodity markets, oil prices rose by 0.9% to $62.26, gold increased by 1.3% to $4,058.00, silver was up by 1.9% to $48.395, and copper saw a slight rise of 0.1% to $5.0985 [4] European Markets - European shares showed positive performance, with the eurozone's STOXX 600 rising by 0.7%, Spain's IBEX 35 Index increasing by 0.8%, London's FTSE 100 up by 0.6%, Germany's DAX 40 gaining 0.8%, and France's CAC 40 rising by 0.9% [5] Asian Markets - Asian markets closed lower, with Japan's Nikkei 225 falling by 0.45%, Hong Kong's Hang Seng index down by 0.48%, and India's BSE Sensex declining by 0.19% [6] Stock Movements - Xenetic Biosciences, Inc. (NASDAQ: XBIO) shares surged by 174% to $11.75, while Connexa Sports Technologies Inc. (NASDAQ: YYAI) saw a 102% increase to $0.3639. AlphaTON Capital Corp. (NASDAQ: ATON) shares rose by 81% to $10.08 [8] - Conversely, Galecto, Inc. (NASDAQ: GLTO) shares dropped by 42% to $10.48 after a significant jump of 383% on Tuesday. Zeta Network Group (NASDAQ: ZNB) shares fell by 41% to $2.00 following a $15 million registered direct offering at $1.00 per share. Envoy Medical, Inc. (NASDAQ: COCH) also experienced a decline of 38% to $0.9854 after announcing a $4 million registered direct offering at $1.33 per share [8]
Healthcare Stocks Are Rising: Here Are 2 With Even More Upside Ahead
Yahoo Finance· 2025-10-08 14:15
Group 1: Pfizer and the Healthcare Sector - Pfizer announced a deal with the U.S. government to avoid tariffs for three years by reducing drug prices and investing in local manufacturing [1] - This deal positively impacted Pfizer and the broader healthcare sector, with expectations of similar agreements in the future [1] Group 2: CRISPR Therapeutics - CRISPR Therapeutics is a gene-editing company with one approved drug, Casgevy, which targets two rare blood diseases and is priced at $2.2 million in the U.S. [4][5] - The company estimates around 60,000 potential patients for Casgevy in the launched countries, indicating future sales potential [5] - Significant clinical progress is anticipated with leading candidates CTX310 and CTX320, which target cardiovascular risk factors and could address up to 40 million patients in the U.S. [6][7] Group 3: BioNTech - BioNTech, alongside CRISPR Therapeutics, has seen stock price increases and possesses significant upside potential due to innovative developments [2][8] - Both companies are positioned well within the biotech sector, with catalysts that could drive stock prices higher in the coming years [8]
Jim Cramer Sees More Upside For Shopify, Likes CoreWeave's AI Moves
Benzinga· 2025-10-08 12:33
Group 1: Affirm Holdings, Inc. - Jim Cramer recommended buying Affirm Holdings, Inc. (NASDAQ:AFRM) after Rothschild & Co analyst Harry Bartlett upgraded the stock from Neutral to Buy and raised the price target from $74 to $101 [1][1] - Affirm shares rose 1% to settle at $76.65 on Tuesday [7] Group 2: Beam Therapeutics Inc. - Cramer expressed skepticism about Beam Therapeutics Inc. (NASDAQ:BEAM), stating "I can't go with" the stock [1] - Beam Therapeutics announced on Aug. 14 that the FDA granted regenerative medicine advanced therapy designation status for Beam-101 [1] - Beam shares declined 2.9% to settle at $25.13 on Tuesday [7] Group 3: Crown Castle Inc. - Cramer criticized the business model of Crown Castle Inc. (NYSE:CCI), calling it "not a sound one" [2] - RBC Capital analyst Jonathan Atkin upgraded Crown Castle from Sector Perform to Outperform but lowered the price target from $113 to $112 [2] - Crown Castle shares gained 1.2% to settle at $95.14 [7] Group 4: Shopify Inc. - Cramer stated that Shopify Inc. (NASDAQ:SHOP) is going "much higher," supported by TD Securities raising its price target from $130 to $156 [2] - Shopify shares fell 2% to close at $161.28 on Tuesday [7] Group 5: CoreWeave, Inc. - Cramer described CoreWeave, Inc. (NASDAQ:CRWV) as "good" [2] - CoreWeave announced plans to acquire Monolith AI, a UK-based pioneer in applying machine learning to complex physics and engineering problems [2] - CoreWeave shares fell 3.8% to settle at $128.83 [7] Group 6: CrowdStrike Holdings, Inc. - Cramer expressed confidence in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) and its CEO George Kurtz, expecting the stock to rise [3] - Wells Fargo analyst Andrew Nowinski maintained an Overweight rating on CrowdStrike and raised the price target from $550 to $600 [3] - CrowdStrike shares fell 2.3% to close at $484.62 [7]
Aptevo Presenting Scientific and Clinical Updates at SITC and ASH, also Participating in Leading Financial and Industry Conferences in the Fourth Quarter
Accessnewswire· 2025-10-08 12:20
Core Insights - Aptevo Therapeutics is actively participating in several key financial, industry, scientific, and medical conferences this fall to showcase its ongoing developments and momentum in the biotechnology sector [1] Conference Participation - Aptevo will participate in the 4th Annual ROTH Healthcare Opportunities Conference on October 9, 2025, discussing its lead asset mipletamig and its clinical progress in Acute Myeloid Leukemia (AML) [1] - The company will also be present at the Biotechnology Innovation Organization (BIO)-Europe 2025 from November 3-5, 2025, engaging in meetings at the largest biotechnology event in Europe [1] - At the Society of Immunotherapy in Cancer (SITC) 2025, scheduled for November 5-9, 2025, Aptevo's R&D team will present a poster on a novel trispecific targeting approach to address the immunosuppressive tumor microenvironment [1] - The interim results from the ongoing Phase 1b/2 RAINIER trial evaluating mipletamig in frontline combination therapy for AML will be presented at the American Society of Hematology (ASH) 2025 meeting from December 6-9, 2025 [1]
Evaxion expands AI-Immunology™ platform with automated vaccine design module
Globenewswire· 2025-10-08 12:12
Core Insights - Evaxion A/S is launching a new automated vaccine design module as an enhancement to its AI-Immunology™ platform, aimed at improving vaccine development efficiency and quality [1][4][7] - The new module automates the entire process of target discovery and vaccine design, significantly reducing design time from months to days and offering cost savings [2][3][7] - The module can be applied to both new and existing vaccines, potentially leading to the development of improved vaccine generations [5][7] Group 1 - The new automated design module ensures optimal sequence and conformation of vaccine targets, enhancing protective immune responses [2][3] - The launch of this module is a milestone for Evaxion in 2025, enhancing its value proposition to potential partners and expanding in-house capabilities [4][5] - Evaxion plans to present validation data on the improvements at the World Vaccine Congress Europe on October 15, 2025 [5][7] Group 2 - Evaxion is a clinical-stage TechBio company focused on AI-powered vaccine development, with a pipeline addressing high unmet medical needs in oncology and infectious diseases [6] - The AI-Immunology™ platform utilizes AI to decode the human immune system, facilitating the development of novel immunotherapies [6] - The company is committed to transforming patient care through innovative and targeted treatment options [6]
Turn Therapeutics to Commence Trading Today on Nasdaq
Globenewswire· 2025-10-08 12:00
Founder & CEO, Bradley Burnam, to Ring NASDAQ “Closing Bell” at 4:00 PM ETWESTLAKE VILLAGE, Calif., Oct. 08, 2025 (GLOBE NEWSWIRE) -- Turn Therapeutics (“Turn” or the “Company”), a clinical-stage biotechnology company developing next-generation dermatology, wound, and anti-infective therapies, announces that its common stock is scheduled to commence trading today, October 8, 2025, on the Nasdaq Capital Market under ticker symbol “TTRX.” The Company’s registration statement on Form S-1 was declared effectiv ...