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DIS

DKNG

Dave Portnoy won nearly $1.5 million by betting on the Boston Celtics to win the NBA Championship through DraftKings. Meanwhile, rapper Drake lost $500,000 on a bet placed on the Dallas Mavericks. The Walt Disney Company benefited from high viewership of the NBA Finals and the ongoing NHL Playoffs.

Portfolio Pulse from Chris Katje

June 18, 2024 | 2:44 pm

ITCI

Intra-Cellular Therapies Inc (NASDAQ:ITCI) announced successful topline results from Study 502, evaluating lumateperone 42 mg as an adjunctive therapy for major depressive disorder (MDD). The study met its primary and key secondary endpoints, showing significant improvements in depression severity and illness severity compared to placebo. The company plans to submit a supplemental FDA application in the second half of 2024. ITCI shares rose 10.5% following the announcement.

Portfolio Pulse from Vandana Singh

June 18, 2024 | 2:37 pm

IMAX

Wanda Film is set to upgrade 61 of its top-performing locations to IMAX with Laser technology. Additionally, Wanda Film will collaborate with IMAX on new events and experiences.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 2:30 pm

SNAP

Snap Inc. has launched advanced AI tools for augmented reality, enhancing its Lens Studio to allow developers to create more realistic and complex AR effects. This move aims to attract new users and advertisers to Snapchat.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 2:30 pm

CHPT

ChargePoint Holdings, Inc. (NYSE:CHPT) shares are trading lower by 2.42% on Tuesday after announcing a strategic partnership with LG Electronics to develop commercial EV charging solutions. The partnership will integrate ChargePoint’s charger management software with LG’s EV charging hardware, with deliveries starting later this summer. Future collaborations may include integrating ChargePoint’s solutions with LG’s energy storage systems and smart home platform.

Portfolio Pulse from Nabaparna Bhattacharya

June 18, 2024 | 2:26 pm

JPM

JP Morgan's Co-CEO Troy Rohrbaugh presented at Morgan Stanley's Financial Conference, discussing the integration of their corporate and investment bank with the commercial bank into a new segment called CIB. Key points included growth strategies, market share, and the potential of the private credit business. The outlook suggests challenges in wallet share growth and increased competition from nonbank financials.

Portfolio Pulse from Tornado

June 18, 2024 | 2:24 pm

AAPL

BA

META

NVDA

TSLA

The article covers a range of topics including the decline of major cryptocurrencies like Bitcoin, Ethereum, and Dogecoin amid market pessimism, Wall Street's focus on retail sales data and Fed speeches, and various corporate and economic updates. Notable mentions include Nvidia's significant insider trading, Tesla's stock awards to employees, and Boeing's CEO facing questions on plane safety.

Portfolio Pulse from Akanksha Bakshi

June 18, 2024 | 2:21 pm

DLTR

The U.S. FDA has issued a warning letter to Dollar Tree for continuing to have adulterated Apple Cinnamon Fruit Puree Pouches on its shelves.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 2:20 pm

AZN

BNTX

MRK

MRNA

PFE

AstraZeneca received FDA approval for its cancer drug Imfinzi combined with chemotherapy, showing significant efficacy in treating endometrial cancer. BioNTech faced a setback as the FDA put its experimental cancer drug study on partial hold. Moderna and Merck's combined treatment for melanoma showed promising results and they are expanding trials to lung cancer.

Portfolio Pulse from Upwallstreet

June 18, 2024 | 2:19 pm

TAK

Takeda Pharmaceutical shares are trading lower following the announcement of data from the Phase 3 ADVANCE-CIDP 3 clinical trial.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 2:18 pm