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LEGN

Johnson & Johnson announced positive results from a Phase 3 study showing that its cell therapy Carvykti significantly improves survival rates in pretreated blood cancer patients compared to standard therapies. The study focused on patients with relapsed or refractory multiple myeloma after one prior line of therapy. Carvykti, which received FDA approval in February 2022, is now the first cell therapy to show such benefits as early as the second line of treatment.

Portfolio Pulse from Vandana Singh

July 02, 2024 | 3:06 pm

TSLA

UBER

Tesla Inc (NASDAQ:TSLA) reported second-quarter deliveries and is gearing up for its robotaxi day event on Aug. 8, which could be a significant revenue driver. Elon Musk's recent follow of Uber Technologies (NYSE:UBER) co-founder Travis Kalanick on X has sparked speculation about potential collaboration. Bank of America highlighted Uber as a top investment idea for the second half of 2024, noting partnerships with Costco and Instacart.

Portfolio Pulse from Chris Katje

July 02, 2024 | 2:58 pm

CSLLY

MRNA

The US Department of Health and Human Services (HHS) announced that eight laboratories have signed royalty-free agreements for H5N1 tests. Moderna has a deal that allows it to pivot to other pandemic threats, though it's too early to determine its vaccine production capacity. The first H5N1 vaccines from CSL Seqirus are expected to be ready by mid-July.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 2:58 pm

MRNA

SPY

The US Department of Health and Human Services (HHS) announced that Moderna's late-stage trials for the H5N1 bird flu vaccine are likely to start in 2025. The risk of bird flu remains low, and vaccination is not recommended for any segment of the population. The FDA confirmed that pasteurization inactivates milk tainted with H5N1. The CDC has 750,000 H5N1 tests available, with an additional 1.2 million tests expected in the next 2-3 months.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 2:57 pm

TSLA

Tesla Inc (NASDAQ:TSLA) shares are trading higher after beating consensus estimates for second-quarter deliveries. Analysts and investors are optimistic, with Wedbush's Dan Ives suggesting the worst is behind Tesla. The company reported 443,956 deliveries, surpassing the 437,800 estimate. Analysts are looking forward to Tesla's Robotaxi Day on August 8, which could be pivotal for the company's future.

Portfolio Pulse from Chris Katje

July 02, 2024 | 2:56 pm

OPTT

Ocean Power Technologies (OPTT) shares surged 62.9% after announcing a partnership with Unique Group to deploy autonomous vehicle services in the Middle East. The collaboration aims to expedite the adoption of USVs in the UAE and other Gulf countries. Additionally, OPTT recently signed an agreement with Teledyne Marine to enhance its product offerings.

Portfolio Pulse from Nabaparna Bhattacharya

July 02, 2024 | 2:51 pm

IVV

VOO

Micron Technology's strategic investment in India is expected to fuel market demand through 2025. The company's capacity is fully booked, and it is focusing on AI's transformative impact on various sectors. Micron's recent financial performance has been strong, with third-quarter revenue and EPS beating analyst estimates.

Portfolio Pulse from Anusuya Lahiri

July 02, 2024 | 2:46 pm

LINRF

Liontown Resources has entered a $250 million strategic partnership with LG Energy Solution to secure lithium supply. The deal includes a 15-year supply agreement and potential development of a lithium refinery. Liontown's stock rose over 7% on the news.

Portfolio Pulse from Stjepan Kalinic

July 02, 2024 | 2:39 pm

BYDDF

BYDDY

BYD Co., Ltd. has launched five electric vehicle models in Tunisia, expanding its presence in the African market. The launch includes three battery electric vehicles (BEVs) and two plug-in hybrid electric vehicles (PHEVs). This move follows a visit by the Tunisian President to BYD's headquarters and marks a significant step in BYD's international expansion.

Portfolio Pulse from Nabaparna Bhattacharya

July 02, 2024 | 2:37 pm

LMT

NOC

RTX

SPY

VGK

The US is set to announce an additional $2.3 billion in weapons for Ukraine, which could impact defense contractors and related ETFs.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 2:35 pm