Primo Brands (NYSE:PRMB) Stock

PRIMO BRANDS CORP

Primo Brands

Primo Brands Corp is a North American branded beverage company focused on healthy hydration. It delivers sustainably and domestically sourced diversified offerings across products, formats, channels, price points, and consumer occasions, distributed in every state and Canada. Primo Brands is in reusable packaging, helping to reduce waste through its reusable, multi-serve bottles and brand packaging portfolio, which includes recycled plastic, aluminum, and glass.

Primo Brands Corporation Class A Common Stock

Primo Brands Corp

TELUS (TSX:<a class="ticker" href="https://www.benzinga.com/stock/T#TSX">T</a>) reported quarterly earnings of $0.26 per share which beat the analyst consensus estimate of $0.22 by 18.18 percent. This is unchanged from the same period last year. The company reported quarterly sales of $5.06 billion which beat the analyst consensus estimate of $5.02 billion by 0.74 percent. This is a 2.53 percent increase over sales of $4.93 billion the same period last year.

Earnings

Earnings Beats

News

TSX:T

TELUS Q1 Adj. EPS $0.26 Beats $0.22 Estimate, Sales $5.06B Beat $5.02B Estimate

Domain Board unanimously recommended that Domain shareholders vote in favor of the proposed Scheme
CoStar Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSGP#NASDAQ">CSGP</a>), a leading provider of online real estate marketplaces, information, analytics and 3D digital twin technology in the property markets, announced today that it has entered a binding Scheme Implementation Deed (SID) to acquire 100% of the issued capital of Domain Holdings Australia Limited, a leading Australian property marketplace.
In February 2025, CoStar Group acquired approximately 17% of the ordinary shares of Domain at A$4.20 per share for a total purchase price of approximately A$452 million ($285 million). Under the terms of SID, which followed a period of exclusive due diligence, CoStar Group has agreed to pay Domain shareholders a cash consideration of A$4.43 per share, less any special dividend declared or paid by Domain from May 9, 2025, for the balance of the shares by way of a Scheme of Arrangement (Scheme). The consideration to be offered to Domain shareholders values Domain at an implied enterprise value of A$3.0 billion. Accordingly, CoStar Group expects to spend approximately A$2.3 billion ($1.5 billion) to acquire the remaining approximately 83% of the ordinary shares of Domain that it doesn't otherwise own upon consummation of the Scheme.

CSGP

CoStar Group Enters Binding SID To Acquire 100% Of Issued Capital Of Domain Holdings Australia In A$3 Bln Deal

AVGO climbs up over 7 points
<figure class="wp-block-image size-large"><img decoding="async" src="https://contributor-assets.benzinga.com/wp-content/uploads/2025/05/08201258/Screenshot-2025-05-08-at-4.12.31%E2%80%AFPM-1024x1006.png" alt="" class="wp-image-12660" /></figure>
Broadcom, Inc. (AVGO) today experienced a Power Inflow, a significant event for those who follow where smart money goes and value order flow analytics in their trading decisions. 
Today, at 11:00 AM on May 8th, a significant trading signal occurred for Broadcom, Inc. (AVGO) as it demonstrated a Power Inflow at a price of $204.41. This indicator is crucial for traders who want to know directionally where institutions and so-called "smart money" moves in the market. They see the value of utilizing order flow analytics to guide their trading decisions. The Power Inflow points to a possible uptrend in Broadcom&#8217;s stock, marking a potential entry point for traders looking to capitalize on the expected upward movement. Traders with this signal closely watch for sustained momentum in Broadcom&#8217;s stock price, interpreting this event as a bullish sign.
Signal description
Order flow analytics, aka transaction or market flow analysis, separate and study both the retail and institutional volume rate of orders (flow). It involves analyzing the flow of buy and sell orders, along with size, timing, and other associated characteristics and patterns, to gain insights and make more informed trading decisions. This particular indicator is interpreted as a bullish signal by active traders.&nbsp;
The Power Inflow occurs within the first two hours of the market open and generally signals the trend that helps gauge the stock&#8217;s overall direction, powered by institutional activity in the stock, for the remainder of the day.&nbsp;
By incorporating order flow analytics into their trading strategies, market participants can better interpret market conditions, identify trading opportunities, and potentially improve their trading performance. But let's not forget that while watching smart money flow can provide valuable insights, it is crucial to incorporate effective risk management strategies to protect capital and mitigate potential losses. Employing a consistent and effective risk management plan helps traders navigate the uncertainties of the market in a more controlled and calculated manner, increasing the likelihood of long-term success
If you want to stay updated on the latest options trades for AVGO, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts. 
<a href="https://benzinga.com/apis?_gl=1&#x2A;1hlgn5i&#x2A;_ga&#x2A;MTY1NjE2NTYxMi4xNzE0NzQ4MTAy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDc0ODEwMi4xLjEuMTcxNDc0ODQyOC4wLjAuMA..">Market News and Data brought to you by Benzinga APIs</a> and include firms, like <a href="https://tradepulse.net/?utm_source=benzinga&amp;utm_medium=article&amp;utm_campaign=brand_awareness_apr2025">https://tradepulse.net/?utm_source=benzinga&amp;utm_medium=article&amp;utm_campaign=brand_awareness_apr2025</a>, which are responsible for parts of the data within this article. 
&#xA9; 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
After Market Close UPDATE:
The price at the time of the Power Inflow was $204.41. The returns on the High price ($211.16) and Close price ($207.77) after the Power Inflow are respectively 3.3% and 1.6%. The result underlines the importance of a trading plan that includes Profit Targets and Stop Losses that reflect your risk appetite.
Results are not indicative of future results

Equities

WIIM

Technicals

Opinion

Signals

Trading Ideas

AVGO

Broadcom Stock Rises Over 3% After Key Signal

Needham analyst Bernie McTernan reiterates Lyft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) from Hold to Hold.

Reiteration

Analyst Ratings

LYFT

Needham Reiterates Hold on Lyftto Hold

<h3>Gainers</h3>
<ul>
<li>Zapp Electric Vehicles Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZAPP#NASDAQ">ZAPP</a>) shares moved upwards by 67.8% to $0.52 during Friday's pre-market session. The market value of their outstanding shares is at $4.0 million. </li>
<li>Fox Factory Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXF#NASDAQ">FOXF</a>) stock rose 8.92% to $23.26. The market value of their outstanding shares is at $970.0 million. As per the press release, Q1 earnings came out yesterday. </li>
<li>ECD Automotive Design (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ECDA#NASDAQ">ECDA</a>) stock rose 8.28% to $0.43. The market value of their outstanding shares is at $15.0 million. </li>
<li>Soho House (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHCO#NYSE">SHCO</a>) shares moved upwards by 7.95% to $6.65. The company's market cap stands at $1.2 billion. </li>
<li>TCTM Kids IT Education (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VSA#NASDAQ">VSA</a>) stock increased by 6.78% to $0.75. The market value of their outstanding shares is at $7.4 million. </li>
<li>Tile Shop Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTSH#NASDAQ">TTSH</a>) shares rose 6.58% to $6.47. The market value of their outstanding shares is at $289.4 million. As per the news, the Q1 earnings report came out yesterday. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Twin Vee PowerCats (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VEEE#NASDAQ">VEEE</a>) stock decreased by 41.1% to $4.39 during Friday's pre-market session. The market value of their outstanding shares is at $6.5 million. As per the press release, Q1 earnings came out yesterday. </li>
<li>1-800-Flowers.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLWS#NASDAQ">FLWS</a>) shares decreased by 16.24% to $4.85. The company's market cap stands at $309.6 million. As per the news, the Q3 earnings report came out yesterday. </li>
<li>Universal Electronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UEIC#NASDAQ">UEIC</a>) stock declined by 15.18% to $5.2. The company's market cap stands at $68.3 million. The company's, Q1 earnings came out yesterday. </li>
<li>Color Star Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADD#NASDAQ">ADD</a>) shares decreased by 14.29% to $0.9. </li>
<li>FIGS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FIGS#NYSE">FIGS</a>) shares declined by 13.07% to $4.39. The market value of their outstanding shares is at $713.4 million. As per the press release, Q1 earnings came out yesterday. </li>
<li>Hour Loop (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOUR#NASDAQ">HOUR</a>) stock decreased by 11.95% to $1.18. The market value of their outstanding shares is at $41.4 million. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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ZAPP

12 Consumer Discretionary Stocks Moving In Friday's Pre-Market Session

<h3>Gainers</h3>
<ul>
<li>Shuttle Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHPH#NASDAQ">SHPH</a>) stock increased by 79.5% to $0.48 during Friday's pre-market session. The company's market cap stands at $3.0 million. </li>
<li>SCWorx (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WORX#NASDAQ">WORX</a>) stock increased by 51.0% to $0.83. The market value of their outstanding shares is at $1.9 million. </li>
<li>Corvus Pharma (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRVS#NASDAQ">CRVS</a>) stock increased by 29.85% to $4.35. The company's market cap stands at $296.5 million. As per the press release, Q1 earnings came out yesterday. </li>
<li>CytomX Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTMX#NASDAQ">CTMX</a>) shares increased by 24.77% to $1.36. The company's market cap stands at $108.9 million. </li>
<li>Generation Bio (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GBIO#NASDAQ">GBIO</a>) shares increased by 18.62% to $0.43. The company's market cap stands at $28.6 million. As per the press release, Q1 earnings came out 2 days ago. </li>
<li>Adicet Bio (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACET#NASDAQ">ACET</a>) stock rose 16.82% to $0.56. The company's market cap stands at $46.2 million. The company's, Q1 earnings came out 3 days ago. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Jade Biosciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBIO#NASDAQ">JBIO</a>) shares decreased by 44.5% to $5.0 during Friday's pre-market session. The market value of their outstanding shares is at $263.0 million. </li>
<li>Varex Imaging (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VREX#NASDAQ">VREX</a>) shares declined by 42.2% to $5.0. The company's market cap stands at $206.1 million. As per the press release, Q2 earnings came out yesterday. </li>
<li>NuCana (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NCNA#NASDAQ">NCNA</a>) shares decreased by 41.5% to $0.06. </li>
<li>Iovance Biotherapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IOVA#NASDAQ">IOVA</a>) stock decreased by 35.02% to $2.06. The company's market cap stands at $687.9 million. The company's, Q1 earnings came out yesterday. </li>
<li>Polyrizon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLRZ#NASDAQ">PLRZ</a>) shares declined by 30.93% to $0.41. The company's market cap stands at $2.7 million. </li>
<li>Protalix BioTherapeutics (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/PLX#AMEX">PLX</a>) stock fell 26.65% to $2.12. The market value of their outstanding shares is at $168.5 million. As per the news, the Q1 earnings report came out today. 
See Also: <a href="http://www.benzinga.com/money/best-healthcare-stocks/" title="www.benzinga.com/money/best-healthcare-stocks/">www.benzinga.com/money/best-healthcare-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Health Care Stocks Moving In Friday's Pre-Market Session

<h3>Gainers</h3>
<ul>
<li>Decent Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DXST#NASDAQ">DXST</a>) stock rose 15.7% to $1.4 during Friday's pre-market session. The market value of their outstanding shares is at $22.7 million. </li>
<li>FGI Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FGI#NASDAQ">FGI</a>) stock rose 14.34% to $0.63. The market value of their outstanding shares is at $6.0 million. </li>
<li>Lyft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) shares rose 11.76% to $14.53. The market value of their outstanding shares is at $6.1 billion. The company's, Q1 earnings came out yesterday. </li>
<li>Power Solutions Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSIX#NASDAQ">PSIX</a>) stock moved upwards by 10.63% to $30.7. The market value of their outstanding shares is at $706.3 million. As per the news, the Q1 earnings report came out yesterday. </li>
<li>Nuvve Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVVE#NASDAQ">NVVE</a>) shares rose 9.64% to $1.25. The market value of their outstanding shares is at $3.8 million. </li>
<li>IBEX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBEX#NASDAQ">IBEX</a>) shares increased by 9.08% to $27.99. The company's market cap stands at $369.2 million. As per the news, the Q3 earnings report came out yesterday. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Solidion Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STI#NASDAQ">STI</a>) stock declined by 27.0% to $0.12 during Friday's pre-market session. The company's market cap stands at $15.6 million. </li>
<li>Safe &amp; Green Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGBX#NASDAQ">SGBX</a>) shares fell 16.54% to $0.47. The company's market cap stands at $3.3 million. </li>
<li>Elong Power Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ELPW#NASDAQ">ELPW</a>) shares declined by 9.8% to $4.41. The market value of their outstanding shares is at $220.7 million. </li>
<li>Proficient Auto Logistics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAL#NASDAQ">PAL</a>) stock fell 9.2% to $7.01. The company's market cap stands at $189.7 million. As per the news, the Q1 earnings report came out 2 days ago. </li>
<li>Gencor Industries (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/GENC#AMEX">GENC</a>) stock declined by 8.54% to $12.0. The market value of their outstanding shares is at $175.8 million. </li>
<li>Innodata (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INOD#NASDAQ">INOD</a>) shares decreased by 6.35% to $38.5. The market value of their outstanding shares is at $1.2 billion. As per the news, the Q1 earnings report came out yesterday. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Industrials Stocks Moving In Friday's Pre-Market Session

<h3>Gainers</h3>
<ul>
<li>nLight (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LASR#NASDAQ">LASR</a>) stock increased by 29.8% to $11.18 during Friday's pre-market session. The market value of their outstanding shares is at $552.7 million. As per the news, the Q1 earnings report came out yesterday. </li>
<li>Inuvo (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/INUV#AMEX">INUV</a>) shares increased by 14.51% to $0.45. The company's market cap stands at $63.5 million. As per the press release, Q1 earnings came out today. </li>
<li>Mitek Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MITK#NASDAQ">MITK</a>) stock increased by 13.28% to $9.98. The market value of their outstanding shares is at $451.5 million. As per the news, the Q2 earnings report came out yesterday. </li>
<li>Cloudflare (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NET#NYSE">NET</a>) shares increased by 11.53% to $138.65. The market value of their outstanding shares is at $48.0 billion. As per the press release, Q1 earnings came out yesterday. </li>
<li>JFrog (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FROG#NASDAQ">FROG</a>) stock rose 9.01% to $38.44. The market value of their outstanding shares is at $4.3 billion. The company's, Q1 earnings came out yesterday. </li>
<li>Microchip Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>) stock moved upwards by 8.87% to $53.5. The market value of their outstanding shares is at $28.7 billion. The company's, Q4 earnings came out yesterday. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Wolfspeed (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOLF#NYSE">WOLF</a>) stock fell 19.9% to $3.55 during Friday's pre-market session. The company's market cap stands at $552.2 million. As per the press release, Q3 earnings came out yesterday. </li>
<li>Intellicheck (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IDN#NASDAQ">IDN</a>) stock decreased by 19.0% to $2.26. The market value of their outstanding shares is at $44.7 million. </li>
<li>Veritone (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VERI#NASDAQ">VERI</a>) stock declined by 12.07% to $1.75. The market value of their outstanding shares is at $78.4 million. As per the press release, Q1 earnings came out yesterday. </li>
<li>Onto Innovation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ONTO#NYSE">ONTO</a>) stock fell 9.32% to $115.0. The market value of their outstanding shares is at $5.6 billion. As per the press release, Q1 earnings came out yesterday. </li>
<li>Eastman Kodak (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KODK#NYSE">KODK</a>) stock fell 7.47% to $6.2. The company's market cap stands at $499.7 million. As per the press release, Q1 earnings came out yesterday. </li>
<li>AEye (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LIDR#NASDAQ">LIDR</a>) stock decreased by 6.62% to $0.53. The market value of their outstanding shares is at $9.8 million. As per the news, the Q1 earnings report came out yesterday. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Information Technology Stocks Moving In Friday's Pre-Market Session

Data from icotrokinra ICONIC-TOTAL show 66% of patients with scalp psoriasis and 77% with genital psoriasis achieved site-specific clear or almost clear skin at Week 16
Icotrokinra continues to demonstrate a standout combination of significant skin clearance (IGA 0/1) and a favorable safety profile in a once daily pill
PN-881, a first-in-class oral peptide targeting the IL-17 pathway, potently and selectively binds IL-17A and -17F, blocking the three dimeric forms of the cytokine
&nbsp;Protagonist Therapeutics, Inc. ("Protagonist" or the "Company") announced new clinical data from the Phase 3 ICONIC-TOTAL a study investigating icotrokinra, the first-in-class oral peptide antagonist targeting IL-23 receptor and preclinical characterization of PN-881, the first-in-class oral peptide antagonist blocking the three dimeric forms of IL-17 (AA, AF and FF), were presented separately today at the 2025 Society for Investigative Dermatology (SID) Annual Meeting in San Diego, CA.
The ICONIC-TOTAL study, conducted by Protagonist's collaboration partner, Johnson &amp; Johnson, evaluated adults and adolescents 12 years of age and older with body surface area as low as 1% and at least moderate plaque psoriasis (PsO) affecting high-impact skin sites.
Key findings from the high-impact skin sites cohort of the icotrokinra ICONIC-TOTAL study [1] :
At week 16, 57% of patients treated with once daily icotrokinra achieved the study's primary endpoint with an Investigator's Global Assessment (IGA) b score of 0/1 (clear or almost clear skin) and a ≥2-grade improvement from baseline at Week 16 compared to 6% of patients receiving placebo (P&lt;0.001).
66% of patients with scalp psoriasis achieved a scalp-specific Investigator's Global Assessment (ss-IGA) c score of 0/1 compared to 11% receiving placebo (P&lt;0.001) at 16 weeks.
77% of patients with genital psoriasis achieved a static Physician's Global Assessment of Genitalia (sPGA-G) d score of 0/1 compared to 21% receiving placebo (P&lt;0.001) at 16 weeks.
In the smaller subset of patients with hand/foot psoriasis, patients showed a numerically higher rate of skin clearance at Week 16 with 42% achieving a hand and/or foot Physician's Global Assessment (hf-PGA) e score of 0/1 compared to 26% receiving placebo.
Icotrokinra demonstrated a favorable safety profile. A similar proportion of patients experienced adverse events (50% and 42%) and serious adverse events (0.5% and 1.9%) in icotrokinra and placebo respectively through Week 16, with no new safety signals identified.
PN-881 represents Protagonist's next generation of oral peptides for psoriasis. Key takeaways from the pre-clinical characterization of the IL-17 oral peptide antagonist PN-881 [2] :
Exhibited nanomolar to picomolar in vitro potency comparable to bimekizumab and superior (70-fold) to secukinumab.
Showed metabolic stability in several matrices across several species, making it a suitable candidate for oral delivery.
Demonstrated PD-based target engagement in a mouse IL-17 challenge model after oral dosing
Demonstrated dose-dependent efficacy with significant reduction in skin thickness in a 5-day rat IL-23 induced skin inflammation model after oral dosing.
"High-impact skin sites affected by psoriasis can be very challenging to treat effectively and patients often experience unique challenges profoundly impacting their daily lives," said Dinesh V. Patel, Ph.D., President and Chief Executive Officer at Protagonist. "The data presented by our partner today demonstrate that icotrokinra continues to have the potential to transform the current treatment paradigm based on the impressive results achieved with a convenient targeted therapy in the form of a once-daily pill. Additionally, we are thrilled to share the first detailed characterization of our next drug candidate in the I&amp;I space, PN-881, the first-in-class oral peptide antagonist targeting the three dimeric forms of IL-17, including AA, AF, and FF. We look forward to progressing our fully owned asset PN-881 in human clinical studies in Q4 2025."

Biotech

General

PTGX

Protagonist Announces Icotrokinra Phase 3 Data On PN-881 Presented At Society For Investigative Dermatology Annual Meeting

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul class="wp-block-list">
<li>Wells Fargo analyst Gabe Hajde downgraded Packaging Corp of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PKG#NYSE">PKG</a>) from Overweight to Equal-Weight and lowered the price target from $205 to $180. Packaging Corp of America shares closed at $183.42 on Thursday. <a href="https://www.benzinga.com/quote/PKG/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>HC Wainwright &amp; Co. analyst Swayampakula Ramakanth downgraded the rating for Vor Biopharma Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VOR#NASDAQ">VOR</a>) from Buy to Neutral. Vor Biopharma shares closed at $0.16 on Thursday. <a href="https://www.benzinga.com/quote/VOR/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>JP Morgan analyst Robbie Marcus downgraded CVRx, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVRX#NASDAQ">CVRX</a>) from Neutral to Underweight and slashed the price target from $15 to $7. CVRx shares closed at $7.78 on Thursday. <a href="https://www.benzinga.com/quote/CVRX/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Wells Fargo analyst Gabe Hajde downgraded the rating for International Paper Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IP#NYSE">IP</a>) from Equal-Weight to Underweight and cut the price target from $45 to $40. International Paper shares closed at $44.92 on Thursday. <a href="https://www.benzinga.com/quote/IP/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>JP Morgan analyst Samik Chatterjee downgraded Wolfspeed, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOLF#NYSE">WOLF</a>) from Neutral to Underweight. Wolfspeed shares closed at $4.43 on Thursday. <a href="https://www.benzinga.com/quote/WOLF/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying IP stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="566" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/09080718/image-105-1024x566.png" alt="" class="wp-image-910030" style="width:599px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/09080718/image-105-1024x566.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/09080718/image-105-300x166.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/09080718/image-105-768x425.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/09080718/image-105.png 1127w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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Photo via Shutterstock

Downgrades

Pre-Market Outlook

Markets

CVRX

This International Paper Analyst Turns Bearish; Here Are Top 5 Downgrades For Friday

Mediobanca (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MDIBY#OTC">MDIBY</a>) reported quarterly earnings of $0.89 per share. This is a 28.23 percent decrease over earnings of $1.24 per share from the same period last year. The company reported $967.48 million in sales this quarter. This is a 0.76 percent decrease over sales of $974.84 million the same period last year.

MDIBY

Mediobanca Q3 Adj. EPS $0.89 Down From $1.24 YoY, Sales $967.48M Down From $974.84M YoY

Eli Lilly and Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>) and Purdue University announced today a significant expansion of their long-standing alliance, with Lilly's planned investment of up to $250 million in the collaboration over the next eight years. This partnership, which has the potential to be the largest ever industry-academic agreement of its kind in the United States, will seek to accelerate innovation at every stage of the pharmaceutical pipeline.
The Lilly-Purdue 360 Initiative aims to achieve several key goals, including discovering and accelerating the delivery of medicines to patients; bridging the gap between laboratory discoveries and clinical applications; creating more resilient, efficient and sustainable supply chains; and deploying innovative, scalable approaches to workforce development. The expanded collaboration is also expected to generate significant economic benefits for Indiana by creating a highly skilled workforce and fostering local innovation.
The earlier agreement, which had been set to expire in 2027, will now extend with four new projects added through 2032. Additionally, it will engage existing joint programs, such as Lilly Scholars at Purdue and the Lilly and Purdue Research Alliance Center (LPRC). Purdue will make space available for Lilly researchers on-site in West Lafayette. Purdue researchers will collaborate in Lilly facilities in Indianapolis and in Indiana's LEAP Research and Innovation District.

Eli Lilly Plans To Expand Purdue University Collaboration With Up To $250M Investment To Accelerate Pharmaceutical Pipeline

Set to Debut in October 2025, the New Viking Thoth Will be Viking's Eighth River Vessel in Egypt
Viking&#xAE; (<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.viking.com%2F&amp;esheet=54251958&amp;newsitemid=20250509650666&amp;lan=en-US&amp;anchor=www.viking.com&amp;index=1&amp;md5=70f03769a3196b14bb80d0d625f6a3d8">www.viking.com</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VIK#NYSE">VIK</a>) today announced its newest ship for the Nile River—the 82-guest <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.vikingrivercruises.com%2Fships%2Fegypt%2Fviking-thoth.html%3Fmsockid%3D3e52097180f064fc0e5a1d4d81f06598&amp;esheet=54251958&amp;newsitemid=20250509650666&amp;lan=en-US&amp;anchor=Viking+Thoth&amp;index=2&amp;md5=bdd4a95e15a1116197908941b752dd2f">Viking Thoth</a>—was "floated out," marking a major construction milestone and the first time the ship has touched water. Set for delivery in October 2025, the Viking Thoth will join Viking's growing fleet of state-of-the-art ships for the Nile River and will sail Viking's popular 12-day <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.vikingrivercruises.com%2Fcruise-destinations%2Fegypt%2Fpharaohs-pyramids%2F2024-cairo-cairo%2Findex.html&amp;esheet=54251958&amp;newsitemid=20250509650666&amp;lan=en-US&amp;anchor=Pharaohs+%26amp%3B+Pyramids&amp;index=3&amp;md5=ddf91fe93272fc7c6dd432c0b7e44c20">Pharaohs &amp; Pyramids </a>itinerary.
"Egypt is a country of profound historical and cultural significance, which makes it a destination of great interest to our guests," said Torstein Hagen, Chairman and CEO of Viking. "With two new ships, the Viking Thoth and the Viking Amun, debuting in 2025, we are very proud to continue expanding our elegant fleet and introducing more curious travelers to this phenomenal region."
The traditional float out ceremony of the Viking Thoth was held at Massara shipyard in Cairo. It is significant because it marks the ship moving into its final stage of construction. The vessel will now be moved to a nearby outfitting dock for final construction and interior build-out.
The Viking Thoth &amp; Viking's Growing Egypt Fleet
Hosting 82 guests in 41 staterooms, the new, state-of-the-art <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.vikingrivercruises.com%2Fships%2Fegypt%2Fviking-thoth.html%3Fmsockid%3D3e52097180f064fc0e5a1d4d81f06598&amp;esheet=54251958&amp;newsitemid=20250509650666&amp;lan=en-US&amp;anchor=Viking+Thoth&amp;index=4&amp;md5=162888de732c9535d0f30d506260480e">Viking Thoth</a>is inspired by Viking's award-winning river and ocean ships, with the signature Scandinavian design for which Viking is known. An identical sister ship to the <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.vikingrivercruises.com%2Fships%2Fegypt%2Fviking-osiris.html&amp;esheet=54251958&amp;newsitemid=20250509650666&amp;lan=en-US&amp;anchor=Viking+Osiris&amp;index=5&amp;md5=e5e20415bee7c9cf95574265650932a5">Viking Osiris</a>, the <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.vikingrivercruises.com%2Fships%2Fegypt%2Fviking-aton.html&amp;esheet=54251958&amp;newsitemid=20250509650666&amp;lan=en-US&amp;anchor=Viking+Aton&amp;index=6&amp;md5=82434d30b8792d5db387e453f5d5dbb8">Viking Aton</a>, the <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.vikingrivercruises.com%2Fships%2Fegypt%2Fviking-sobek.html%3Fadobe_mc%3DTS%253D1744398522%257CMCMID%253D77965057648886607002101786359557183283%257CMCORGID%253D8FC267C25245B36B0A490D4C%252540AdobeOrg%26_gl%3D1&#x2A;129wkfs&#x2A;_ga&#x2A;MTgxMTc3NzgzLjE3NDQzOTY3OTA.&#x2A;_ga_24KNYDH1S6&#x2A;MTc0NDM5Njc4OS4xLjEuMTc0NDM5ODIxOC41Ni4wLjA.&amp;esheet=54251958&amp;newsitemid=20250509650666&amp;lan=en-US&amp;anchor=Viking+Sobek&amp;index=7&amp;md5=58c4b5817b7098f10f9ba0151924d259">Viking Sobek</a>, <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.vikingrivercruises.com%2Fships%2Fegypt%2Fviking-hathor.html&amp;esheet=54251958&amp;newsitemid=20250509650666&amp;lan=en-US&amp;anchor=Viking+Hathor&amp;index=8&amp;md5=a510b11311cd5a58f3bcab0983c771f8">Viking Hathor</a> and the <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.vikingrivercruises.com%2Fships%2Fegypt%2Fviking-amun.html%3Fmsockid%3D3e52097180f064fc0e5a1d4d81f06598&amp;esheet=54251958&amp;newsitemid=20250509650666&amp;lan=en-US&amp;anchor=Viking+Amun&amp;index=9&amp;md5=2e8c4aa5d5ed28bf257df3be0689d561">Viking Amun</a>, the Viking Thoth features several aspects familiar to Viking guests, such as a distinctive square bow and an indoor/outdoor Aquavit Terrace. Other ships in Viking's Egypt fleet include the <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.vikingrivercruises.com%2Fships%2Fegypt%2Fviking-ra.html&amp;esheet=54251958&amp;newsitemid=20250509650666&amp;lan=en-US&amp;anchor=Viking+Ra&amp;index=10&amp;md5=1ccac7ea61927bb43b3fe14f7a72a6ee">Viking Ra</a> and the <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.vikingrivercruises.com%2Fships%2Fegypt%2Fms-antares.html&amp;esheet=54251958&amp;newsitemid=20250509650666&amp;lan=en-US&amp;anchor=MS+Antares&amp;index=11&amp;md5=8ade9423e5af868a6d6db91aa22dabc8">MS Antares</a>. In addition to the Viking Thoth,Viking plans to welcome four new ships in Egypt in the next two years, which will bring Viking's fleet to 12 vessels on the Nile River by 2027.

Viking Announces Its Newest Ship For The Nile River, The 82-Guest Viking Thoth, Was "Floated Out," Marking Major Construction Milestone And Is Set For Delivery In October 2025

Johnson & Johnson Announced New Data From Phase 3 ICONIC-TOTAL Study Investigating Icotrokinra

Enbridge (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENB#NYSE">ENB</a>) reported quarterly earnings of $0.72 per share which missed the analyst consensus estimate of $0.96 by 25 percent. This is a 5.88 percent increase over earnings of $0.68 per share from the same period last year. The company reported quarterly sales of $12.89 billion which missed the analyst consensus estimate of $14.23 billion by 9.40 percent. This is a 57.38 percent increase over sales of $8.19 billion the same period last year.

Earnings Misses

Enbridge Q1 Adj. EPS $0.72 Misses $0.96 Estimate, Sales $12.89B Miss $14.23B Estimate

President Donald Trump&#8216;s administration has fired Carla Hayden, the first woman and first African American to serve as Librarian of Congress.
What Happened: Hayden was dismissed, according to a spokesperson for the organization, <a href="https://www.nytimes.com/2025/05/08/us/politics/trump-librarian-congress-carla-hayden.html">reported</a> The New York Times on Thursday. 
Hayden, who was appointed by former President Barack Obama in 2016 to a 10-year term requiring Senate confirmation, headed an office with overall management responsibility for the Library of Congress and its policy programs. 
House Minority Leader Hakeem Jeffries condemned the move as &#8220;unjust,&#8221; stating, according to Reuters, &#8220;There will be accountability for this unprecedented assault on the American way of life sooner rather than later.&#8221;
The dismissal comes amid thousands of <a href="https://www.benzinga.com/news/25/03/44066466/when-the-bill-comes-it-will-be-monumental-experts-warn-trumps-mass-federal-firings-could-leave-a-tremendous-financial-burden">federal workers being terminated</a> under the Trump administration&#8217;s government reduction initiative. According to The Guardian, many employees were allegedly let go for &#8220;poor performance&#8221; despite having received positive reviews, with some losing critical benefits like health insurance.
See Also: <a href="https://www.benzinga.com/25/05/45308441/risk-appetite-hits-record-high-0dte-options-hit-67-of-total-volumes2-million-average-contracts-in-q1">A Sign Of &#8216;Skyrocketing&#8217; Risk Appetite? One-Day Option Trades Explode In Popularity</a>
Why It Matters: The termination occurs as Trump&#8217;s Justice Department defends against numerous lawsuits challenging executive actions aimed at cutting spending and restructuring government agencies. 
A federal judge recently ruled against several government employee unions seeking to halt the administration&#8217;s workforce reduction plans, directing them to <a href="https://www.benzinga.com/25/02/43871609/trumps-federal-workforce-downsizing-plan-gets-green-light-from-judge-appeal-by-unions-dismissed">bring their challenge to the Federal Labor Relations Authority</a> instead of federal district court.
Legal experts warn of substantial <a href="https://www.benzinga.com/news/25/03/44066466/when-the-bill-comes-it-will-be-monumental-experts-warn-trumps-mass-federal-firings-could-leave-a-tremendous-financial-burden">financial consequences to these mass terminations</a>. Labor attorney Suzanne Summerlin cautioned that the government may ultimately owe fired employees &#8220;back pay, plus interest, plus benefits, plus attorneys&#8217; fees,&#8221; potentially resulting in &#8220;monumental&#8221; costs.
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image Via Shutterstock

Government

Politics

Legal

Trump Administration Fires Obama-Era Librarian Of Congress Carla Hayden, First Black Woman In Role, Amid Sweeping Federal Workforce Cuts

Needham analyst Bernie McTernan reiterates DraftKings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>) with a Buy and maintains $65 price target.

Price Target

DKNG

Needham Reiterates Buy on DraftKings, Maintains $65 Price Target

Ocugen (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OCGN#NASDAQ">OCGN</a>) reported quarterly losses of $(0.05) per share which beat the analyst consensus estimate of $(0.06) by 16.67 percent. This is unchanged from the same period last year. The company reported $1.48 million in sales this quarter. This is a 46.06 percent increase over sales of $1.01 million the same period last year.

OCGN

Ocugen Q1 EPS $(0.05) Beats $(0.06) Estimate, Sales $1.48M Up From $1.01M YoY

<a href="https://www.globenewswire.com/Tracker?data=c_CSkEXBKDjoY8FcQchEwcyAkaeklcBlqFhnPFtazSbgJd6dIrwo1VBI8xuHP2Aby7HzqY-Di9UsAZTHiabolOUtsVfLKPLT5XXwBdTZahw=">Westwood Holdings Group</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WHG#NYSE">WHG</a>) ("Westwood"), a publicly traded investment management boutique, trust and wealth services firm,&nbsp;is pleased to announce that Randy A. Bowman has been elected as the new Chairman of its Board of Directors.
Randy succeeds Dick Frank who served as a Westwood board member for 19 years, was Westwood's Board Chair for the last 10 years of his service and will be stepping down as a member following his many years of dedicated service to Westwood.

Management

Westwood Holdings Appoints Randy Bowman As Chairman of Board, Succeeding Dick Frank

Media

NMAX

Newsmax Enters Multi-Year Agreement For Its Newsmax On Hulu+ Live TV

Press Releases

Primo Brands Corporation Announces Expiration and Final Settlement of Exchange Offers for Outstanding Senior Notes

Offerings

Primo Brands Corporation Announces Secondary Offering of 45,000,000 Shares of Class A Common Stock by an Affiliate of One Rock Capital Partners

Primo Brands Corporation Announces Pricing of Secondary Offering of 45,000,000 Shares of Class A Common Stock by an Affiliate of One Rock Capital Partners

Entertainment

PRIMO BRANDS™ ANNOUNCES ARROWHEAD®, DEER PARK®, ICE MOUNTAIN®, OZARKA® and PURE LIFE®AS OFFICIAL WATER BRANDS OF MAJOR LEAGUE BASEBALL

Primo Brands Announces Date for First Quarter 2025 Earnings Release and Conference Call

Commodities

Primo Brands Partners with The Ocean Cleanup to Champion Cleaner Waterways

ANNA KENDRICK AND REBEL WILSON STAR IN NEW SPLASH REFRESHER™ "BESTIES" CAMPAIGN

Dividends

Primo Brands Declares Quarterly Dividend

Primo Brands Reports First Quarter 2025 Results

Primo Brands Corporation Announces Secondary Offering of 47,500,000 Shares of Class A Common Stock by Affiliates of One Rock Capital Partners

PRMB

Embotelladora Andina S.A. Common Stock

Celsius Holdings

The Vita Coco Company, Inc. - Common Stock

Vita Coco

Coca-Cola Consolidated, Inc. - Common Stock

Coca-Cola Consolidated

National Beverage

Fomento Economico Mexicano S.A.B. de C.V. Common Stock

Fomento Economico

Keurig Dr Pepper

Coca-Cola

Coca Cola Femsa S.A.B. de C.V. American Depositary Shares, each representing 10 Units (each Unit consists of 3 Series B Shares and 5 Series L Shares)

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