Assembly Biosciences Stock (NASDAQ: ASMB)

Assembly Biosciences (NASDAQ:ASMB) Stock, Quote.Headers.trade-ideas

Assembly Biosciences

Assembly Biosciences Inc is a clinical-stage biotechnology company. It is advancing two innovative platform programs, a novel class of oral therapeutics for the treatment of hepatitis B virus (HBV) infection and novel class of oral synthetic live biotherapeutics, which are designed to restore health to a dysbiotic microbiome. The company's HBV-cure program is aimed at increasing the current low cure rate for patients with HBV and is pursuing multiple drug candidates that inhibit multiple steps of the HBV lifecycle. Assembly has discovered several novel core protein Allosteric Modulators, which are small molecules that directly target and allosterically modulate the HBV core protein. The majority of the revenue is generated from the HBV cure program.

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Shares of  Icosavax, Inc.  (NASDAQ: ICVX) rose sharply in pre-market trading after AstraZeneca announced plans to buy Icosavax in a deal valued at up to $1.1 billion.

Why Icosavax Shares Are Trading Higher By Around 45%; Here Are 20 Stocks Moving Premarket

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U.S. stocks traded mostly lower toward the end of trading, with the Nasdaq Composite falling around 50 points on Tuesday.

The Dow traded down 0.09% to 33,954.39 while the NASDAQ fell 0.37% to 13,517.59. The S&amp;P 500 also fell, dropping, 0.10% to 4,369.41.

Crude Oil Moves Lower; Bank of America Profit Beats Expectations

Assembly Biosciences, Inc. - Common Stock

Assembly Biosciences Inc

Salesforce CEO Marc Benioff has criticized Microsoft Corporation&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) Copilot by comparing it to the infamous &#8220;Clippy&#8221; assistant, which was <a href="https://www.benzinga.com/news/23/05/32607457/elon-musk-thinks-this-little-guy-could-be-leader-if-ai-ever-takes-over-he-might-actually-be">ultimately removed in 2007</a>.
What Happened: On Thursday,&nbsp;in an interview with Bloomberg&#8217;s Emily Chang at the Salesforce Dreamforce conference, Benioff said that Microsoft&#8217;s Copilot has not offered any value to customers. 
&#8220;Microsoft co-pilot is basically the new Microsoft Clippy that customers have not gotten value from it,&#8221; he said, adding, &#8221; These LLMs .. this is like we&#8217;re selling science projects to companies and they&#8217;re tired of it they have not gotten the value.&#8221;
Earlier this year in July, Microsoft CEO Satya Nadella disclosed that <a href="https://www.benzinga.com/news/24/07/40061358/satya-nadella-says-microsofts-copilot-drives-40-of-githubs-revenue-growth-we-are-also-enabling-anyon">Copilot has been adopted</a> by over 77,000 organizations, marking a 180% increase year-over-year.
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/09/40911877/jeff-bezos-had-a-habit-of-keeping-an-empty-chair-for-the-most-important-person-in-the-room-at-compan?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Jeff Bezos Had A Habit Of Keeping An Empty Chair For The Most Important Person In The Room At Company Meetings: This Strategy Helped The Amazon Founder Build The E-Commerce Giant We Know Today</a>
Benioff stated that customers are tired of not receiving the value they expect, which has resulted in them turning to Salesforce&#8217;s next-generation platform, Agentforce.
According to him, the company&#8217;s newly introduced AI software offers everything that customers need to create and fine-tune an agent, making it easier for them to integrate the agent into their existing workflows.
Salesforce has&nbsp;onboarded tens of thousands of&nbsp;customers, convincing them that they don&#8217;t need to &#8220;DIY their AI,&#8221; he said, adding, &#8220;You&#8217;re going to get the best AI, the highest accuracy, the lowest hallucination rate.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Salesforce CEO Marc Benioff told <a href="https://twitter.com/emilychangtv?ref_src=twsrc%5Etfw">@emilychangtv</a> his company's newly introduced artificial intelligence software is a complete package for business customers seeking to take advantage of the emerging technology <a href="https://t.co/ZXOk6iUYpe">https://t.co/ZXOk6iUYpe</a> <a href="https://t.co/ITBIM7YHbC">pic.twitter.com/ITBIM7YHbC</a>
&mdash; Bloomberg TV (@BloombergTV) <a href="https://twitter.com/BloombergTV/status/1836929194757894244?ref_src=twsrc%5Etfw">September 20, 2024</a></blockquote>
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Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: Earlier this week, Salesforce unveiled Agentforce Partner Network, the world's <a href="https://www.benzinga.com/markets/equities/24/09/40901921/salesforce-unveils-new-agentforce-partner-network-partners-with-google-cloud">first agent ecosystem</a>. The open platform enables Agentforce to handle complex tasks by connecting actions across Salesforce and a vast network of external systems and agents.
Salesforce has also <a href="https://www.benzinga.com/news/large-cap/24/09/40910569/nvidia-salesforce-announce-strategic-ai-collaboration-what-to-know">announced a collaboration</a> with Nvidia Corporation to develop advanced AI capabilities for enterprises with autonomous agents and interactive avatar experiences.
During the announcement, the companies said that the intention is to optimize predictive and generative AI workflows by putting together the Nvidia AI platform, the Salesforce Platform, and Agentforce.
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40914747/jpmorgan-ceo-jamie-dimon-thinks-social-media-platforms-like-tiktok-and-facebook-are-a-total-stupid-w?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">JPMorgan CEO Jamie Dimon Thinks Social Media Platforms Like TikTok And Facebook Are &#8216;A Total Stupid Waste Of Time&#8217;</a></li>
</ul>
Photo Via Shutterstock

Tech

MSFT

Salesforce CEO Marc Benioff Slams Microsoft's Copilot, Compares It To Failed 'Clippy' Assistant: '…Like We're Selling Science Projects To Companies'

The Federal Bureau of Investigation (FBI) has arrested two people suspected of stealing and laundering over $230 million in Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>).
What Happened: Malone Lam and Jeandiel Serrano were taken into custody on Wednesday night, according to a press release by the U.S. Department of Justice. The duo is accused of attempting to launder thousands of pilfered Bitcoins via mixing services.
They were slated to appear in separate federal courts in California and Florida on Thursday, the Justice Department said in a statement.
The authorities unearthed a sophisticated plan wherein the alleged thieves would drain cryptocurrencies out of victims&#8217; accounts and then launder the proceeds through various mixers and exchanges using "peel chains," pass-through wallets, and virtual private networks to conceal their identities.
The laundered funds were subsequently spent on extravagances such as international travel, nightclubs, pricey accessories, and luxury automobiles.
In the current case, the culprits robbed off 4,100 Bitcoin, worth $230 million, from a victim in Washington, D.C., last month. 
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40945847/donald-trump-now-trails-kamala-harris-by-4-points-after-9-point-election-odds-turnaround-i">Donald Trump Now Trails Kamala Harris By 4 Points After 9-Point Election Odds Turnaround In Only 9 Days</a>
The theft was first reported by prominent on-chain detective ZachXBT, who, in a joint effort with security firms like CFInvestigators, zeroshadow, and the Binance Security team, helped investigators trace some of the stolen funds. 
ZachXBT added that over $9 million of the stolen assets have been frozen, and more than $500,000 have been returned to the victim.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">1/ An investigation into how Greavys (Malone Iam), Wiz (Veer Chetal), and Box (Jeandiel Serrano) stole $243M from a single person last month in a highly sophisticated social engineering attack and my efforts which have helped lead to multiple arrests and millions frozen. <a href="https://t.co/dcY1e9xsPd">pic.twitter.com/dcY1e9xsPd</a>
&mdash; ZachXBT (@zachxbt) <a href="https://twitter.com/zachxbt/status/1836752923830702392?ref_src=twsrc%5Etfw">September 19, 2024</a></blockquote>
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Why It Matters: This case underscores the increasing sophistication of cybercriminals and the challenges faced by law enforcement agencies in tracking and recovering stolen cryptocurrencies. 
Earlier this month, the Federal Bureau of Investigation's Internet Crime Complaint Center (IC3) revealed that <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40799485/cryptocurrency-scams-cost-americans-5-6b-in-2023-fbi-report-shows">Americans lost a staggering $5.6 billion</a> to&nbsp;cryptocurrency-related frauds&nbsp;in 2023. 
Alarmingly, the report indicated that while cryptocurrency-related complaints accounted for only 10% of all financial fraud reports, they represented nearly half of total financial losses.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40913998/jamie-dimon-says-jpmorgan-is-likely-one-of-the-bigger-users-of-blockchain-technology-but-c?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Jamie Dimon Says JPMorgan Is Likely &#8216;One Of The Bigger Users&#8217; Of Blockchain Technology, But Calls Cryptocurrencies A &#8216;Pet Rock&#8217;</a></li>
</ul>
Photo courtesy: Shutterstock

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

$BTC

FBI Arrests 2 People Allegedly Behind $230M Bitcoin Heist: Laundered Proceeds Were Spent On Globetrotting, High-End Wheels, And Designer Handbags

RBC Capital analyst Matthew Hedberg initiates coverage on CyberArk Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYBR#NASDAQ">CYBR</a>) with a Outperform rating and announces Price Target of $328.

Price Target

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Analyst Ratings

CYBR

RBC Capital Initiates Coverage On CyberArk Software with Outperform Rating, Announces Price Target of $328

VSTO

Vista Outdoor Board Of Directors Sends Letter To Stockholders Highlighting Reasons To Vote For Value Maximizing Transaction With Czechoslovak Group To Acquire The Kinetic Group And Invest In Revelyst At September 27th Special Meeting

The collaboration will include several&nbsp;Call of Duty&nbsp;titles, beginning with the launch of the highly-anticipated&nbsp;Call of Duty&reg;: Black Ops 6, releasing on October 25. The collaboration will extend across multiple product categories at CORSAIR including Drop, Elgato, ORIGIN PC and SCUF Gaming. Specific products, additional categories and more details will be announced over time.

CRSR

CORSAIR Enters Exclusive Multi-year, Full Cross-brand Partnership With Call Of Duty Franchise

Shares of NIKE, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) rose sharply in today's pre-market trading after the company announced a CEO transition.
After the market close on Thursday, Nike announced that longtime Nike veteran Elliott Hill will become president and CEO of Nike, effective Oct. 14. Hill will also become a director on the board and a member of <a href="https://www.benzinga.com/news/24/09/40948580/nike-stock-jumps-9-after-the-bell-ceo-set-to-retire">the executive committee</a>.
NIKE shares gained 7% to $86.64 in the pre-market trading.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Banzai International, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BNZI#NASDAQ">BNZI</a>) gained 148.1% to $7.12 in pre-market trading. Banzai International shares fell around 18% on Thursday after the company announced a 1-for-50 reverse stock split.</li>
<li>Battalion Oil Corporation  (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BATL#NASDAQ">BATL</a>) gained 119.4% to $6.45 in the pre-market trading session after the company announced it has amended its merger agreement with Fury Resources for the acquisition of all outstanding shares of Battalion at $7.00 per share in cash.</li>
<li>Leafly Holdings, Inc.  (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LFLY#NASDAQ">LFLY</a>) gained 76.7% to $3.18 in pre-market trading.</li>
<li>SRIVARU Holding Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SVMH#NASDAQ">SVMH</a>) rose 53.2% to $0.19 in pre-market trading after gaining 11% on Thursday. SRIVARU Holding, on Thursday, secured Nasdaq Panel approval for continued listing amid compliance efforts.</li>
<li>Tenon Medical, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TNON#NASDAQ">TNON</a>) shares rose 41.2% to $7.10 in pre-market trading  after the company announced the issuance of three notices of allowance for patent applications from the UPSTO.</li>
<li>Alliance Entertainment Holding Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AENT#NASDAQ">AENT</a>) gained 25.5% to $2.56 in pre-market trading after the company reported better-than-expected full-year 2024 adjusted EPS results.</li>
<li>Genfit S.A. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GNFT#NASDAQ">GNFT</a>) gained 13% to $4.88 in pre-market trading after posting H1 results.</li>
<li>Kidpik Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PIK#NASDAQ">PIK</a>) rose 10.4% to $2.66 in pre-market trading.</li>
<li>Joint Stock Company Kaspi.kz (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KSPI#NASDAQ">KSPI</a>) shares gained 6.3% to $106.10 in pre-market trading. Joint Stock Company Kaspi.Kz shares fell 16% on Thursday after Culper Research issued a report on the company.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Signing Day Sports, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SGN#NYSE">SGN</a>) fell 24.5% to $0.40 in pre-market trading. Signing Day Sports shares jumped 308% on Thursday after the company announced it will acquire sports gaming technology company Swifty Global.</li>
<li>Society Pass Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOPA#NASDAQ">SOPA</a>) shares fell 17.4% to $0.85 in pre-market trading after gaining 22% on Thursday.</li>
<li>Neo-Concept International Group Holdings Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NCI#NYSE">NCI</a>) shares dipped 16.7% to $0.70 in pre-market trading after surging 72% on Thursday.</li>
<li>TOMI Environmental Solutions, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TOMZ#NASDAQ">TOMZ</a>) fell 15.8% to $0.6398 in pre-market trading.</li>
<li>E-Home Household Service Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EJH#NASDAQ">EJH</a>) shares declined 14.1% to $0.0839 in pre-market trading after falling 8% on Thursday.</li>
<li>Exicure, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XCUR#NASDAQ">XCUR</a>) fell 13.2% to $3.41 in today's pre-market trading after jumping 72% on Thursday. Exicure recently announced it received an extension from the Nasdaq Hearings Panel.</li>
<li>FedEx Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>) declined 13.1% to $260.92 in pre-market trading after the company reported weaker-than-expected results for the first quarter of fiscal 2025 and lowered its full-year guidance.</li>
<li>Kopin Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KOPN#NASDAQ">KOPN</a>) shares declined 11.8% to $0.85 in pre-market trading after the company announced a public offering of common stock and pre-funded warrants.</li>
<li>Rezolve AI Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RZLV#NASDAQ">RZLV</a>) shares fell 11.3% to $6.21 in pre-market trading after jumping around 47% on Thursday.</li>
<li>Veea Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VEEA#NASDAQ">VEEA</a>) shares fell 7.6% to $10.22 in pre-market trading after declining around 10% on Thursday. Veea recently announced a strategic partnership with Crowdkeep to integrate their respective technologies into a singular, tailored solution to track assets, people, and conditions across a variety of use cases.</li>
</ul>
Now Read This: 
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<li><a href="https://www.benzinga.com/news/earnings/24/09/40952252/nvidia-tesla-rally-as-dow-s-p-500-surge-to-fresh-highs-after-fed-cuts-rates-fear-index-remains-in-g">Nvidia, Tesla Rally As Dow, S&amp;P 500 Surge To Fresh Highs After Fed Cuts Rates: Fear Index Remains In &#8216;Greed&#8217; Zone</a></li>
</ul>

AENT

BATL

BNZI

GNFT

KOPN

KSPI

LFLY

RZLV

SOPA

TNON

TOMZ

VEEA

Why Nike Shares Are Trading Higher By Around 7%; Here Are 20 Stocks Moving Premarket

RBC Capital analyst Matthew Hedberg downgrades Rapid7 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RPD#NASDAQ">RPD</a>) from Outperform to Sector Perform and lowers the price target from $50 to $40.

Downgrades

RBC Capital Downgrades Rapid7 to Sector Perform, Lowers Price Target to $40

Keybanc analyst Steve Barger initiates coverage on Amkor Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMKR#NASDAQ">AMKR</a>) with a Overweight rating and announces Price Target of $38.

AMKR

Keybanc Initiates Coverage On Amkor Tech with Overweight Rating, Announces Price Target of $38

JMP Securities analyst Silvan Tuerkcan downgrades Notable Labs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTBL#NASDAQ">NTBL</a>) from Market Outperform to Market Perform.

NTBL

JMP Securities Downgrades Notable Labs to Market Perform

Ahead of the highly anticipated launch, Huawei Technologies&#8216; new $2,800 tri-fold smartphone, the Mate XT, has hit the market, but many eager buyers were left <a href="https://www.benzinga.com/24/09/40912367/huaweis-trifold-is-now-fetching-7-000-as-buyers-flip-apple-rivals-device-on-online-marketplaces-in-c">disappointed due to limited availability</a>.
What Happened: Huawei and Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) launched their latest smartphones in China on Friday. However, many Huawei fans were disappointed as the $2,800 Mate XT was only available for pre-order customers, Reuters reported.
At Huawei&#8217;s flagship store in Shenzhen, &#8220;super fans&#8221; expressed frustration after learning that only confirmed pre-orders could purchase the new tri-foldable Mate XT. A university student surnamed Ye, who had been waiting since 10 p.m. the previous night, said, &#8220;They should have made it clear we can't buy.&#8221;
Similar scenes unfolded at Huawei&#8217;s Wangfujing store in Beijing, where access to the Mate XT was also limited to pre-order customers. Reuters reported around 30 people queuing outside the Beijing store and a similar number in Shenzhen early on Friday.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Analysts had previously warned that supply chain constraints might leave many potential buyers empty-handed. Huawei executive director Richard Yu stated that sales were &#8220;better than expected&#8221; and the company was working to expand capacity. However, the exact number of phones produced or delivered on launch day remains undisclosed.
Pre-orders for the Mate XT have exceeded 6.5 million, nearly double the foldable smartphones shipped worldwide in the second quarter of this year, according to IDC. Despite the high demand, production constraints are causing significant delays.
See Also: <a href="https://www.benzinga.com/news/24/09/40812318/samsung-to-reportedly-slash-global-workforce-by-up-to-30-in-certain-divisions-amid-intense-competiti?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Samsung To Reportedly Slash Global Workforce By Up To 30% In Certain Divisions Amid Intense Competition Competition From Apple, Huawei</a>
Why It Matters: Huawei&#8217;s latest tri-fold smartphone, the Mate XT, has been generating significant buzz even before its official release. On Tuesday, it was reported that the Mate XT was <a href="https://www.benzinga.com/24/09/40912367/huaweis-trifold-is-now-fetching-7-000-as-buyers-flip-apple-rivals-device-on-online-marketplaces-in-c">being listed for over $7,000 on online marketplaces</a>, more than double its list price, highlighting the high demand and limited availability.
The launch of the Mate XT comes amid Huawei&#8217;s ongoing efforts to challenge Apple&#8217;s dominance in the Chinese smartphone market. The Mate XT, priced at $2,800, is <a href="https://www.benzinga.com/news/24/09/40845772/huaweis-2-800-tri-fold-phone-has-the-potential-to-eat-apples-lunch-in-china-here-is-how-it-compares">significantly more expensive</a> than Apple&#8217;s iPhone 16 Pro Max, which starts at $1,199 for 256 GB storage. 
Huawei&#8217;s strategic timing for the Mate XT&#8217;s <a href="https://www.benzinga.com/news/24/09/40674140/huawei-plans-to-one-up-apples-iphone-16-with-disruptive-product-launch-says-it-has-turned-science-fi">launch also plays a crucial role</a>. Huawei scheduled its product launch event on the same day as Apple&#8217;s iPhone 16 reveal, aiming to capture consumer attention and market share.
Furthermore, Huawei&#8217;s focus on using more <a href="https://www.benzinga.com/news/24/05/38723677/us-sanctioned-huawei-brags-chinas-tech-self-sufficiency-with-latest-smartphone-built-with-more-homem">components from Chinese suppliers</a>, as seen in its Pura 70 series, reflects its commitment to tech self-sufficiency. A teardown analysis revealed that the Pura 70 series incorporated more homemade parts, showcasing Huawei&#8217;s resilience amid U.S. sanctions.
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next: 
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<li><a href="https://www.benzinga.com/news/23/05/32623067/how-to-take-the-perfect-moon-shot-using-an-iphone-14?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">How To Take The Perfect Moon Shot Using An iPhone 15</a></li>
</ul>
Photo courtesy: Huawei
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Equities

AAPL

Huawei's $2,800 Tri-Fold Mate XT Sparks Frustration As Limited Stock Fails To Meet Demand

Bernstein analyst Danilo Gargiulo downgrades Darden Restaurants (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRI#NYSE">DRI</a>) from Outperform to Market Perform and lowers the price target from $190 to $180.

Bernstein Downgrades Darden Restaurants to Market Perform, Lowers Price Target to $180

TD Cowen analyst Andrew Charles maintains Darden Restaurants (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRI#NYSE">DRI</a>) with a Hold and raises the price target from $150 to $165.

TD Cowen Maintains Hold on Darden Restaurants, Raises Price Target to $165

Positive results from the HERCULES phase 3 study in people with non-relapsing secondary progressive multiple sclerosis (nrSPMS) demonstrated that tolebrutinib delayed the time to onset of 6-month confirmed disability progression (CDP) by 31% compared to placebo (HR 0.69; 95% CI 0.55-0.88; p=0.0026). Further analysis of secondary endpoints demonstrated that the number of participants who experienced confirmed disability improvement increased by nearly two-fold, 10% with tolebrutinib compared to 5% with placebo (HR 1.88; 95% CI 1.10 to 3.21; nominal p=0.021). These results were presented today as a late-breaking presentation at the European Committee for Treatment and Research in Multiple Sclerosis (ECTRIMS) 2024 conference in Copenhagen, Denmark.

Sanofi Says Tolebrutinib Demonstrated 31% Delay In Time To Onset Of Confirmed Disability Progression In Non-relapsing Secondary Progressive Multiple Sclerosis Phase 3 Study; Global Regulatory Submissions Will Begin In H2 2024

Needham analyst Mayank Tandon maintains Endava (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAVA#NYSE">DAVA</a>) with a Buy and lowers the price target from $42 to $33.

DAVA

Needham Maintains Buy on Endava, Lowers Price Target to $33

Pierre Ferragu, an analyst at&nbsp;New Street Research&nbsp;and a known advocate of&nbsp;Tesla Inc., and Grok investor has lauded the latest update on Elon Musk&#8217;s social media platform X, formerly Twitter.
What Happened: On Thursday, app researcher Nima Owji&nbsp;took to X and shared an update saying that the platform is working on a feature that allows users to&nbsp;<a href="https://www.benzinga.com/topic/community-notes">add a Community Note</a> to&nbsp;a link. This means that every post containing that link will display the note.
In response to this news, Ferragu stated, &#8220;Could be a revolution. Nobody will want to go to the web but through X, to know what the community has to say. This is Wikipedia to the power of infinity (And not taken over by left activists).&#8221;
See Also: <a href="https://www.benzinga.com/news/24/09/40893054/mark-cuban-says-he-would-buy-rupert-murdochs-fox-news-and-elon-musks-x-but-there-are-some-obstacles?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Mark Cuban Says He Would Buy Rupert Murdoch&#8217;s Fox News And Elon Musk&#8217;s X But There Are Some Obstacles</a>
He then added, &#8220;Ideally you want an X browser giving you access to these notes!&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Could be a revolution. Nobody will want to go to the web but through X, to know what the community has to say. This is Wikipedia to the power of &#x267e;&#xFE0F; (And not taken over by left activists). Ideally you want an X browser giving you access to these notes! &#x1f44a; <a href="https://t.co/qtZKzwQnaK">https://t.co/qtZKzwQnaK</a>
&mdash; Pierre Ferragu (@p_ferragu) <a href="https://twitter.com/p_ferragu/status/1836950590921875502?ref_src=twsrc%5Etfw">September 20, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: This development comes at a time when X has been facing significant challenges. 
Earlier this month,&nbsp;<a href="https://www.benzinga.com/news/24/09/40762349/x-faces-major-advertiser-exodus-amid-string-of-elon-musk-controversies">X faced a major advertiser exodus</a>&nbsp;due to a string of controversies surrounding Musk. A report by UK-based market research firm Kantar predicted a 26% decline in marketers' ad spending on X for 2025.
Previously, Meta Platforms Inc.'s president for global affairs, Nick Clegg, <a href="https://www.benzinga.com/news/24/09/40852207/meta-exec-slams-elon-musks-x-as-tiny-platform-that-allows-anyone-say-anything">criticized X for becoming</a> a "tiny" platform for elites that permits anyone to say anything.
Meanwhile, Brazil has emerged as a big issue for Musk&#8217;s platform. X has been fined $1 million a day until they stop <a href="https://www.benzinga.com/news/24/09/40952310/elon-musks-x-fined-1m-a-day-by-brazils-supreme-court-for-defying-ban-on-platform-judge-says-part-of">users from accessing the site</a> by Brazil&#8217;s Supreme Court.
The court accused Musk of switching X&#8217;s network provider to partially restore access to bypass the ban.
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40914747/jpmorgan-ceo-jamie-dimon-thinks-social-media-platforms-like-tiktok-and-facebook-are-a-total-stupid-w?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">JPMorgan CEO Jamie Dimon Thinks Social Media Platforms Like TikTok And Facebook Are &#8216;A Total Stupid Waste Of Time&#8217;</a></li>
</ul>
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.

Social Media

Tesla Bull Pierre Ferragu Calls Elon Musk's X Update Revolutionary, Urges For A Custom X Browser: 'This Is Wikipedia To The Power Of Infinity'

Alphabet Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Waymo is reportedly in talks with South Korean automaker Hyundai Motor for contract manufacturing its robotaxis.
What Happened: Waymo officials have met with Hyundai Motor officials over three times at the former&#8217;s headquarters in the U.S., South Korean newspaper Electronic Times <a href="https://www.etnews.com/20240912000413">reported</a>, citing sources. The robotaxi company is reportedly looking to procure Hyundai vehicles to operate as robotaxis. 
Waymo is considering using Hyundai&#8217;s Ioniq 5 instead of Geely brand Zeekr&#8217;s electric vehicles as previously planned for its <a href="https://www.benzinga.com/news/24/08/40455006/alphabets-waymo-introduces-new-hardware-with-sensors-better-armed-against-winters">6th-gen self-driving technology</a> owing to the increased tariffs on EV imports from China, the report added.
The robotaxi company currently deploys its tech on vehicles including the Jaguar i-Pace and the Chrysler Pacifica hybrid to operate them as robotaxis.
Waymo, Hyundai, and Zeekr did not immediately respond to <a href="https://pro.benzinga.com/dashboard">Benzinga&#8217;s</a> request for comment.
Why It Matters: In July, Alphabet committed&nbsp;to a new multiyear&nbsp;<a href="https://www.benzinga.com/news/24/07/39924838/alphabet-commits-to-another-5b-investment-in-waymo-tesla-ceo-elon-musk-takes-jibe-at-cash-burn-in-un" target="_blank" rel="noreferrer noopener">investment of $5 billion into Waymo</a>&nbsp;to help the company &#8220;continue to build the world&#8217;s leading autonomous driving technology company.&#8221;
Waymo is delivering well over 50,000 paid trips per week to customers, Alphabet CEO&nbsp;Sundar Pichai&nbsp;then said.
Automotive research firm&nbsp;S&amp;P Global Mobility&nbsp;said earlier this week that it deems <a href="https://www.benzinga.com/news/24/09/40792410/us-autonomous-vehicle-sales-to-hit-230k-by-2034-after-progress-resumes-at-alphabets-waymo-gms-cruise">Waymo to be the frontrunner </a>in the field of autonomous vehicles in the U.S. The firm expects sales of autonomous light vehicles in the U.S. to reach about 230,000 units in 2034.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read More:
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40952233/gms-cruise-eyes-resuming-robotaxi-operations-in-california-after-long-pause-due-to-pedestrian-accide">GM&#8217;s Cruise Eyes Resuming Robotaxi Operations In California After Long Pause Due To Pedestrian Accident In 2023</a></li>
</ul>
Photo courtesy: Shutterstock

GOOG

GOOGL

Alphabet's Waymo, Hyundai In Talks To Use Ioniq 5 SUVs As Robotaxis: Report

<a href="https://www.reuters.com/business/energy/us-award-3-billion-25-projects-battery-manufacturing-sector-2024-09-20/" title="https://www.reuters.com/business/energy/us-award-3-billion-25-projects-battery-manufacturing-sector-2024-09-20/">https://www.reuters.com/business/energy/us-award-3-billion-25-projects-battery-manufacturing-sector-2024-09-20/</a>

Contracts

EQNR

U.S. Energy Department To Award $3B To 25 Battery Manufacturing Sector Projects In 14 States

Piper Sandler analyst Arvind Ramnani maintains Accenture (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>) with a Neutral and raises the price target from $320 to $329.

Piper Sandler Maintains Neutral on Accenture, Raises Price Target to $329

Former President Donald Trump has made a controversial appeal to Jewish voters.
What Happened: Trump made these remarks at a pro-Israel conference in Washington, D.C., where he criticized Jewish Democrats and Vice President Kamala Harris, The Hill <a href="https://thehill.com/homenews/4889959-donald-trump-israel-will-cease-to-exist-kamala-harris/">reported</a> on Friday. He referred to the estimated 60% of American Jews who vote for Democrats as &#8220;fools&#8221; and suggested that their choice could lead to Israel&#8217;s demise.
"Anybody who votes for a Democrat or Kamala, worst…you should have your head examined," Trump said during his remarks while addressing a pro-Israel conference with the theme of combatting antisemitism.
Trump&#8217;s comments appear at a time when recent polls are indicating <a href="https://www.benzinga.com/general/politics/24/09/40910999/trump-in-trouble-vice-president-harris-has-record-6-point-lead-in-2024-election-poll-after-debat">Harris&#8217; lead over him</a>. A new Morning Consult poll of likely voters showed Harris&#8217; growing popularity after the presidential debate.
See Also: <a href="https://www.benzinga.com/general/politics/24/09/40910999/trump-in-trouble-vice-president-harris-has-record-6-point-lead-in-2024-election-poll-after-debat?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump In Trouble: Vice President Harris Has Record 6-Point Lead In 2024 Election Poll After Debate, Posts Highest Rankings In Key Demographics</a>
Trump&#8217;s speech was well-received by the audience, which included Miriam Adelson, the wife of the late Republican mega-donor Sheldon Adelson.
Trump also highlighted the significance of the U.S. election for Israel, especially in light of the upcoming first anniversary of Hamas&#8217; Oct. 7 <a href="https://www.benzinga.com/government/24/09/40862471/turkeys-spy-chief-meets-with-hamas-to-discuss-cease-fire-in-gaza-reports">attacks on Israel</a>, which resulted in the deaths of approximately 1,200 people.
Why It Matters: Trump&#8217;s recent comments are in line with his previous statements regarding the potential impact of a Democratic victory on Israel. In early September, he warned a<a href="https://www.benzinga.com/news/24/09/40761179/donald-trump-says-kamala-harris-victory-would-mean-israels-demise-criticizes-jewish-democrats"> group of Jewish Republicans</a> that a win for Harris would mean the end of Israel. 
This rhetoric aligns with his consistently pro-Israel stance, including his <a href="https://www.benzinga.com/news/24/08/40417063/trump-says-he-encouraged-netanyahu-to-end-gaza-war-while-critizing-kamala-harris-for-demanding-cease">support for Israel </a>during the Gaza war and his criticism of the Biden administration&#8217;s calls for a ceasefire.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40890590/chuck-schumer-says-if-government-shutdown-happens-it-will-because-of-republican-poison-pills-the-ame?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Chuck Schumer Says If Government Shutdown Happens It Will Be Because Of &#8216;Republican Poison Pills&#8217; — &#8216;The  American People Are Going To Hold Them Responsible&#8217;</a></li>
</ul>
Image via Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Pooja-Rajkumari" target="_blank" rel="noreferrer noopener">Pooja Rajkumari</a>

Politics

General

'Anybody Who Votes For A Democrat Or Kamala, Worst…You Should Have Your Head Examined:' Trump Tells Voters In Washington As Poll Numbers Plummet

Biotech

Health Care

APLS

The Committee For Medicinal Products For Human Use Of The European Medicines Agency Has Confirmed Its June 2024 Negative Opinion On Apellis Pharmaceuticals' Intravitreal Pegcetacoplan For Geographic Atrophy Secondary To Age-related Macular Degeneration

Assembly Biosciences GAAP EPS of -$1.66 beats by $1.57, revenue of $5.79M

H.C. Wainwright analyst Ed Arce maintained a Hold rating on Assembly Biosciences (ASMB – Research Report) today. The company's shares opened today ...

H.C. Wainwright Sticks to Its Hold Rating for Assembly Biosciences (ASMB)

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Assembly Biosciences (NASDAQ:<a href="https://investorplace.com/stock-quotes/asmb-stock-quote/">ASMB</a>) just reported results for the first quarter of 2024.<ul><li>Assembly Biosciences reported earnings per share of -$1.66. This was above the analyst estimate for EPS of -$3.24.</li><li>The company reported revenue of $5.79 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/earning-results/2024/05/asmb-stock-earnings-assembly-biosciences-for-q1-of-2024/">ASMB Stock Earnings: Assembly Biosciences Beats EPS for Q1 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

ASMB Stock Earnings: Assembly Biosciences Beats EPS for Q1 2024

Assembly Biosciences (ASMB) has provided an announcement. At Assembly Biosciences, Inc.'s 2024 Annual Meeting, stockholders passed key resolutions,...

Assembly Biosciences Enhances Stock Plans and Elects Board

H.C. Wainwright analyst Ed Arce maintained a Hold rating on Assembly Biosciences (ASMB – Research Report) today. The company's shares closed yester...

H.C. Wainwright Sticks to Their Hold Rating for Assembly Biosciences (ASMB)

Assembly Biosciences closes $12.6M in equity financings

In a report released today, Ed Arce from H.C. Wainwright maintained a Hold rating on Assembly Biosciences (ASMB – Research Report). The company's s...

Assembly Biosciences GAAP EPS of -$1.98 beats by $0.25

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Assembly Biosciences (NASDAQ:<a href="https://investorplace.com/stock-quotes/asmb-stock-quote/">ASMB</a>) just reported results for the second quarter of 2024.<ul><li>Assembly Biosciences reported earnings per share of -$1.98. This was above the analyst estimate for EPS of -$2.23.</li><li>The company reported revenue of $8.53 million.</li><li>This was 43.17% better than the analyst estimate for revenue of $5.96 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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ASMB Stock Earnings: Assembly Biosciences Beats EPS, Beats Revenue for Q2 2024

There's a lot to be optimistic about in the Healthcare sector as 3 analysts just weighed in on Thermo Fisher (TMO – Research Report), Nyxoah (NYXH ...

Analysts Offer Insights on Healthcare Companies: Thermo Fisher (TMO), Nyxoah (NYXH) and Assembly Biosciences (ASMB)

NYXH

Press Releases

Assembly Biosciences Announces Effective Date of Reverse Stock Split

Assembly Biosciences Reports Fourth Quarter and Year End 2023 Financial Results and Recent Highlights

Assembly Biosciences Reports First Quarter 2024 Financial Results and Recent Highlights

Assembly Biosciences to Present Data at Upcoming International Herpesvirus Workshop and EASL Congress™ 2024

Assembly Biosciences Presents New Data Highlighting Hepatitis D Virus Entry Inhibitor ABI-6250 at the EASL Congress™ 2024

Assembly Biosciences Doses First Participant in Phase 1a/b Clinical Trial of Herpes Simplex Virus Helicase-Primase Inhibitor Candidate ABI-5366

Assembly Biosciences Announces $12.6 Million in Equity Financings

Assembly Biosciences Doses First Participant in Phase 1b Clinical Trial Evaluating Next-Generation Capsid Assembly Modulator Candidate ABI-4334 for the Treatment of Chronic Hepatitis B Virus Infection

Assembly Biosciences Presents New Preclinical Data Highlighting Investigational Helicase-Primase Inhibitors at International Herpesvirus Workshop

Assembly Biosciences Reports Second Quarter 2024 Financial Results and Recent Updates

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Assembly Biosciences

Assembly Biosciences (ASMB) Forecast

Assembly Biosciences (NASDAQ:ASMB) Stock, Quote.Headers.trade-ideas