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INCY

MGNX

MacroGenics Inc. (NASDAQ:MGNX) has halted its Phase 2 TAMARACK trial for vobramitamab duocarmazine after reporting five patient deaths. The company will present further data at the ESMO Congress 2024. Concurrently, MacroGenics achieved $100 million in milestones from Incyte Corporation (NASDAQ:INCY) for the development of Zynyz. Analysts have downgraded MacroGenics, leading to a significant drop in its stock price.

Portfolio Pulse from Vandana Singh

July 31, 2024 | 5:45 pm

AMD

NVDA

QCOM

The US is considering new restrictions on China's access to AI memory chips, which could be implemented as soon as next month. This move may impact companies like SK Hynix and Samsung.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 5:43 pm

BABA

CVNA

EBAY

LEN

NKE

PDD

SERV

TSLA

The article highlights unusual options activity in the Consumer Discretionary sector, focusing on significant trades involving companies like TSLA, NKE, CVNA, EBAY, JD, F, LEN, SERV, PDD, and BABA. These trades, tracked by Benzinga's options activity scanner, indicate potential trading opportunities based on the sentiment and volume of the options traded.

Portfolio Pulse from Benzinga Insights

July 31, 2024 | 5:35 pm

ASML

BABA

DFAE

GVIP

Alibaba Group Holding (NYSE:BABA) is launching an AI-powered conversational sourcing engine in September to enhance B2B e-commerce. This tool will be available on Alibaba's platforms and aims to streamline the buying and selling process for global SMEs. Additionally, ASML Holding (NASDAQ:ASML) received an exemption from the US semiconductor technology embargo on China, boosting Alibaba and other AI-focused companies. Investors can gain exposure to Alibaba through ETFs like DFAE and GVIP.

Portfolio Pulse from Anusuya Lahiri

July 31, 2024 | 5:25 pm

TLRY

Tilray's CEO, Irwin Simon, discusses the company's proactive approach amidst the potential rescheduling of cannabis from Schedule I to Schedule III. Tilray has diversified into the beer and spirits business, showing promising results. Simon remains confident about the company's future regardless of the rescheduling timeline.

Portfolio Pulse from Rolando García

July 31, 2024 | 5:24 pm

FTXL

INTC

SHOC

Intel Corp (NASDAQ:INTC) won the London leg of a global patent dispute with R2 Semiconductor, leading to a 2.12% increase in its stock price. The London High Court ruled R2's patent invalid, which could have otherwise halted the sale of Intel's chips. This ruling contrasts with a previous German court decision favoring R2. The semiconductor sector remains volatile due to potential U.S. measures against China.

Portfolio Pulse from Shivani Kumaresan

July 31, 2024 | 5:22 pm

MCD

WEN

McDonald's is attracting diners from its rivals with a new $5 meal deal, meeting its set goals as communicated to franchisees in a memo viewed by Bloomberg.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 5:21 pm

Electronic Arts Inc. (NASDAQ:EA) CEO Andrew Wilson stated that the company does not expect any near-term disruption from the SAG-AFTRA strike, which affects games commencing production after September 2023. EA's current and upcoming releases remain unaffected.

Portfolio Pulse from Franca Quarneti

July 31, 2024 | 5:21 pm

BYDDY

Chinese EV manufacturer BYD Company (OTC:BYDDY) is planning to enter the Canadian market amidst potential tariffs on Chinese-imported vehicles. Canada is considering tariffs similar to those in the US and EU to counter China's subsidies to its EV industry. BYD's plans include introducing passenger electric vehicles in Canada.

Portfolio Pulse from Shivani Kumaresan

July 31, 2024 | 5:19 pm

BTCUSD

Former President Donald Trump has launched limited-edition Bitcoin-themed sneakers following his keynote at the Bitcoin 2024 conference. He made bold promises regarding cryptocurrency policy, including dismissing SEC Chairman Gary Gensler and establishing a strategic Bitcoin reserve. The sneakers can be purchased with Bitcoin or other cryptocurrencies.

Portfolio Pulse from Murtuza Merchant

July 31, 2024 | 5:15 pm