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WBA

Walgreens Boots Alliance (NASDAQ:WBA) reported disappointing fiscal third quarter results, missing Wall Street estimates and announcing plans to close unprofitable stores and reduce its stake in primary care provider VillageMD. Despite revenue growth, the company lowered its full-year earnings guidance for the second time. Shares dropped by 25% following the report. Amazon.com Inc (NASDAQ:AMZN) continues to be a strong competitor in the pharmacy space.

Portfolio Pulse from Upwallstreet

June 28, 2024 | 1:42 pm

TSLA

Elon Musk, CEO of Tesla Inc. (NASDAQ:TSLA), commented on the recent presidential debate, calling it a 'clear victory for memes.' The debate, which featured Joe Biden and Donald Trump, led to social media buzz and flash polls declaring Trump the winner. Musk has criticized both candidates and shown interest in Robert F. Kennedy Jr.'s alternative event.

Portfolio Pulse from Benzinga Neuro

June 28, 2024 | 1:39 pm

TM

Toyota Motor Corp. (NYSE:TM) is set to launch its first electric vehicle with advanced autonomous driving in China next year. The Bozhi 3X SUV will feature advanced driving assistance for urban and highway settings. Toyota is also collaborating with Momenta Global and Huawei Technologies for future projects. Despite a recent sales drop, Toyota aims to enhance its market share in China with new technologies and cost reductions.

Portfolio Pulse from Shivani Kumaresan

June 28, 2024 | 1:33 pm

BTCUSD

Bitcoin's post-halving dip may be nearing its end, with traders predicting a strong price rally. Historical data suggests significant gains post-halving, and current market indicators show increased large transaction volumes and active addresses. JPMorgan also predicts significant appreciation in the coming months.

Portfolio Pulse from Khyathi Dalal

June 28, 2024 | 1:32 pm

PSNY

Polestar Automotive Holding (NASDAQ:PSNY) shares are trading lower after reporting preliminary unaudited financial and operational results for 2023. The company reported a revenue decline to $2.38 billion from $2.45 billion the previous year and recognized non-cash impairment charges of around $450 million. Polestar also announced the first customer deliveries of its Polestar 3 SUV and plans to release its first-quarter 2024 results on July 2. Analysts have mixed ratings with an average 12-month price target of $3.35.

Portfolio Pulse from Erica Kollmann

June 28, 2024 | 1:30 pm

RUM

Rumble (NASDAQ:RUM) set a new record for concurrent live stream viewers and bandwidth throughput during debate night in America, reaching a peak of 718,909 concurrent live viewers.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2024 | 1:28 pm

REGN

Regeneron Pharmaceuticals Inc (NASDAQ:REGN) announced that the European Medicines Agency's Committee for Medicinal Products for Human Use has adopted a positive opinion recommending conditional approval of odronextamab for relapsed/refractory follicular lymphoma and diffuse large B-cell lymphoma. The European Commission is expected to announce a final decision in the coming months. The positive opinion is based on Phase 1 and Phase 2 trials showing robust response rates and acceptable safety. Regeneron is also evaluating odronextamab in various other studies.

Portfolio Pulse from Vandana Singh

June 28, 2024 | 1:27 pm

AMZN

Amazon's market cap has surpassed $2 trillion, driven by AI advancements. The stock faces resistance at $200 but has seen significant growth, with a 12% rise in June and a 30% increase year-to-date. Amazon plans to launch a discount store to compete with Temu and Shein.

Portfolio Pulse from Zaheer Anwari

June 28, 2024 | 1:23 pm

APVO

Aptevo Therapeutics Inc. (NASDAQ:APVO) announced a $2.75M offering of 5,339,806 shares of its common stock or pre-funded warrants and warrants to purchase up to 10,679,612 shares at $0.515 per share. The offering is expected to close around July 1, 2024, with Roth Capital Partners and Dawson James Securities, Inc. acting as agents. The proceeds will be used for clinical development, working capital, and general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2024 | 1:23 pm

NIO

NIO Inc. (NYSE:NIO) has opened a new showroom in Cologne, Germany, marking its second showroom opening in the country this month. This expansion comes amid impending EU tariffs on Chinese EVs. NIO shares are trading lower by 0.23% to $4.37 premarket.

Portfolio Pulse from Nabaparna Bhattacharya

June 28, 2024 | 1:10 pm