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NVAX

Novavax, Inc. (NASDAQ: NVAX) shares are rising after the company filed for authorization with Health Canada for its updated 2024-2025 protein-based COVID-19 vaccine. The vaccine targets the JN.1 variant and has shown broad neutralization responses. Novavax has also submitted filings with the U.S. FDA and EMA. The stock saw a 15.6% increase, trading at $15.17.

Portfolio Pulse from Vaishali Prayag

July 15, 2024 | 7:55 pm

SOFI

Shares of SoFi Technologies, Inc. (NASDAQ:SOFI) surged by 5.95% to $7.38 amid optimism on Fed policy and political developments related to former President Trump. The market is reacting to potential benefits for financial institutions from Trump's stance on student loan forgiveness and Project 2025 proposals.

Portfolio Pulse from Vaishali Prayag

July 15, 2024 | 7:28 pm

ETHUSD

MATICUSD

MGM

USDCUSD

An assassination attempt on former President Donald Trump has significantly impacted the betting odds for the 2024 presidential election. Trump now has the shortest odds to win, with sportsbooks like BetMGM listing him at -250. The Democratic Party faces internal challenges, with Biden's odds fluctuating and Harris's approval ratings lower than Biden's.

Portfolio Pulse from Chris Katje

July 15, 2024 | 7:19 pm

ETHUSD

SOLUSD

Solana (SOL) is up 7% and could reach 50% of Ethereum's (ETH) valuation, driven by bullish sentiment and potential ETF approval. Increased on-chain activity and high liquidity make SOL a strong asset. Non-vote transactions on Solana hit an all-time high, and open interest surged to $2.14 billion.

Portfolio Pulse from Khyathi Dalal

July 15, 2024 | 7:16 pm

ZLAB

Zai Lab Limited announced a publication in 'Cell' highlighting the effects of niraparib on ovarian cancer microenvironment stratified by HRD. The study suggests that combining niraparib with ZL-1218, an investigational CCR8 antibody, may decrease tumor burden, offering synergistic potential for improving treatment efficacy in HRD tumors.

Portfolio Pulse from Benzinga Newsdesk

July 15, 2024 | 6:57 pm

MSFT

SONY

TTWO

Bain & Company forecasts global video gaming revenue to grow from $199 billion in 2022 to $307 billion by 2027, driven by younger gamers and increased deal activity. Key transactions include Microsoft's acquisition of Activision, Take-Two's acquisition of Zynga, and Sony's acquisition of Bungie.

Portfolio Pulse from Franca Quarneti

July 15, 2024 | 6:50 pm

GOOG

GOOGL

Alphabet Inc (NASDAQ:GOOG, GOOGL) is reportedly nearing a $23-billion acquisition of cloud security startup Wiz Inc. Analysts believe this move could trigger a significant wave of mergers and acquisitions in the Big Tech sector, especially if Trump wins the White House in November. The acquisition is seen as a strategic move to enhance Google's cloud security capabilities and position it as a leading player in the cloud security market.

Portfolio Pulse from Surbhi Jain

July 15, 2024 | 6:44 pm

AVB

EQR

MAA

PLD

SPY

President Biden plans to propose a nationwide cap on rental costs, targeting landlords with more than 50 units who increase rents by more than 5% annually. The proposal aims to address Democratic concerns and will need Congressional approval. It excludes new constructions to avoid discouraging new rental housing development.

Portfolio Pulse from Benzinga Newsdesk

July 15, 2024 | 6:38 pm

TMO

The article discusses the trading dynamics of Thermo Fisher Scientific Inc. (NYSE:TMO), highlighting the resistance level at $600 and the support level at $535. It explains how stocks tend to sell off after reaching resistance and rally off of support, providing low-risk trading opportunities.

Portfolio Pulse from Mark Putrino

July 15, 2024 | 6:14 pm

LYFT

TSLA

UBER

Needham analyst Bernie McTernan reiterated a Buy rating for Uber Technologies Inc (NYSE:UBER) with a $90 price target, citing strong second-quarter pricing trends and increased bookings estimates. Lyft Inc (NASDAQ:LYFT) was reiterated with a Hold rating, with improved pricing and bookings estimates. Competition fears from Tesla Inc (NASDAQ:TSLA) are slightly lowered due to the pushout of the robotaxi event.

Portfolio Pulse from Anusuya Lahiri

July 15, 2024 | 6:04 pm