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A historic heat wave is expected to hit the Midwest and Mid-Atlantic United States, potentially impacting several stocks. Companies in the HVAC, home improvement, backup power generation, personal care, and amusement park sectors may see changes in demand due to the extreme temperatures.

Portfolio Pulse from Hayden Buckfire

June 17, 2024 | 3:13 pm

FNB

F.N.B. Corporation (NYSE:FNB) has announced a streamlined reporting structure aimed at enhancing bank operations. This move is expected to improve automation, efficiency, innovation, risk management, and customer experience.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 3:05 pm

BTCUSD

DOGEUSD

ETHUSD

FLOKIUSD

SHIBUSD

Pseudonymous trader 'Trading Vapor' suggests that meme coins like Pepe, Dogwifhat, and Bonk could benefit the most from an upcoming alt season, driven by Bitcoin's potential to break past all-time highs. He also mentions that Dogecoin, Shiba Inu, and Floki Inu, while still relevant, are considered 'dino coins' with less momentum.

Portfolio Pulse from Khyathi Dalal

June 17, 2024 | 2:59 pm

MIRM

Mirum Pharmaceuticals announced positive interim results from two Phase 2b studies evaluating volixibat for primary biliary cholangitis (PBC) and primary sclerosing cholangitis (PSC). The VANTAGE study showed significant improvement in pruritus and fatigue with no new safety signals. The VISTAS study will continue with the selected dose. MIRM shares rose 14.6% following the announcement.

Portfolio Pulse from Vandana Singh

June 17, 2024 | 2:53 pm

MIRM

Mirum Pharmaceuticals shares are trading higher following the announcement of positive interim results from two Phase 2b studies evaluating volixibat in patients with primary biliary cholangitis and primary sclerosing cholangitis.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 2:47 pm

MRNA

MSFT

OpenAI, backed by Microsoft, has partnered with Color Health to develop AI-driven cancer care solutions. The initiative uses OpenAI's GPT-4o model to assist physicians in cancer screening and treatment planning. The collaboration also involves Moderna in automating clinical trial tasks.

Portfolio Pulse from Shivani Kumaresan

June 17, 2024 | 2:46 pm

AMC

GME

AMC Entertainment Holdings Inc (NYSE:AMC) shares are trading higher after the company announced its most attended and highest grossing weekend of 2024, driven by the opening of 'Inside Out 2' and strong holdover from 'Bad Boys: Ride or Die.' Over 3.8 million people attended AMC theaters in the U.S. over the weekend, with international attendance also up by double digits. Additionally, AMC and other high short interest stocks have seen increased retail investor attention following the return of GameStop Corp (NYSE:GME) trader Keith Gill to social media.

Portfolio Pulse from Adam Eckert

June 17, 2024 | 2:42 pm

PSNY

Polestar Automotive Holding shares are trading higher following the company's announcement of geographic expansion plans to enter seven new markets in 2025.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 2:39 pm

AVTE

Aerovate Therapeutics shares are trading lower following the announcement of topline results from the Phase 2b portion of the IMPAHCT trial of AV-101 for pulmonary arterial hypertension.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 2:32 pm

EVI

EVI Industries, Inc. (NYSE American: EVI) has announced the acquisition of Laundry Pro of Florida, Inc., a distributor of commercial laundry products. The acquisition is expected to increase EVI's market share in Florida and enhance its growth and profitability.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 2:31 pm