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AMZN

PDD

Amazon is planning to launch a bargain store that would utilize the same trade loophole as Temu and Shein, allowing it to import goods without paying certain tariffs. This move could significantly impact the competitive landscape in the e-commerce sector.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2024 | 6:42 pm

PHG

The FDA has announced that Philips will correct an issue with its OLA+ ventilator through a software patch. The patch addresses a problem with the ventilation inoperative alarm.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2024 | 6:18 pm

CAT

Deep-pocketed investors have shown significant interest in Caterpillar (NYSE:CAT) options, with a notable increase in unusual options activity. The sentiment is mixed, with 48% bullish and 37% bearish. The price target range is $300 to $360, and the stock is currently trading at $332.11, up by 1.42%.

Portfolio Pulse from Benzinga Insights

June 28, 2024 | 6:16 pm

ABT

The FDA has announced that Abbott Medical has issued a correction for its HeartMate LVAS System Monitor due to screen issues that could potentially cause an unintentional pump stop.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2024 | 6:10 pm

BTCUSD

ETHUSD

Galaxy Research's Alex Thorn predicts minimal market impact from Mt. Gox Bitcoin distributions and is optimistic about Ethereum ETF inflows. He estimates only 64,000 BTC will be distributed, with minimal immediate selling. Thorn also projects $1 billion monthly inflows for Ethereum ETFs, potentially outperforming Bitcoin ETFs.

Portfolio Pulse from Khyathi Dalal

June 28, 2024 | 6:00 pm

CARM

Carisma Therapeutics Inc. (NASDAQ:CARM) shares surged on Friday following a significant development in its collaboration with Moderna. Carisma nominated its first in vivo CAR-M development candidate targeting Glypican-3 (GPC3) for treating solid tumors, triggering a $2 million payment from Moderna. HC Wainwright & Co. reiterated a Buy rating with a price target of $8.

Portfolio Pulse from Vaishali Prayag

June 28, 2024 | 5:59 pm

BINANCE

HOOD

Dogecoin (DOGE) and Shiba Inu (SHIB) have been slipping in the crypto rankings despite a slight increase in meme coin market capitalization. Dogecoin dropped to the ninth position, and Shiba Inu fell to the 13th. Both coins face challenges, with Dogecoin not being integrated as a payment option on X (formerly Twitter) and Shiba Inu lacking real-world utility. Large transaction volumes for both coins have been noted, with significant transfers to and from major exchanges like Robinhood and Binance.

Portfolio Pulse from Khyathi Dalal

June 28, 2024 | 5:54 pm

TTWO

Dan Houser, Rockstar Games co-founder, explained why a Grand Theft Auto (GTA) movie never made sense due to high risks and lack of control. Despite various proposals, including one starring Eminem, Rockstar resisted Hollywood's lure. Strauss Zelnick, CEO of Take-Two Interactive (NASDAQ:TTWO), emphasized the need for complete creative control. GTA V's success and the anticipated release of GTA VI in 2025 highlight the franchise's monumental impact.

Portfolio Pulse from Franca Quarneti

June 28, 2024 | 5:53 pm

COIN

Coinbase Global is set to launch new crypto derivatives contracts regulated by the CFTC through its subsidiary, Coinbase Derivatives.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2024 | 5:45 pm

SOLUSD

21Shares has filed for a Solana (SOL) spot ETF, following VanEck's similar filing. The ETF aims to track SOL's performance and will hold SOL, valuing shares daily based on a designated index. The filing includes a contingency plan for regulatory changes, highlighting ongoing uncertainty. If approved, the ETF would offer investors exposure to Solana without directly purchasing the cryptocurrency.

Portfolio Pulse from Murtuza Merchant

June 28, 2024 | 5:42 pm