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ADBE

Adobe Inc. (NASDAQ: ADBE) reported upbeat quarterly results, leading to a rise in its stock price. Analysts provided mixed ratings but generally raised their price targets, highlighting positive AI commentary and strong performance in Digital Media and Document Cloud.

Portfolio Pulse from Priya Nigam

June 14, 2024 | 3:22 pm

META

VGK

The UK's Information Commissioner's Office (ICO) has issued a statement in response to Meta's plans to use Facebook and Instagram user data to train generative AI. The ICO is pleased that Meta has agreed to pause and review these plans in the UK.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 3:02 pm

AMC

DIS

'Inside Out 2' generates excitement with $13M in previews, aiming for a $100M opening weekend. The 'Bad Boys' franchise surpasses $1 billion worldwide.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 3:00 pm

BTCUSD

DOGEUSD

SOLUSD

Arthur Hayes and Raoul Pal predict the rise of a Dogecoin ETF and emphasize the importance of holding onto crypto assets. They highlight Bitcoin as a foundational asset and foresee Aptos surpassing Solana in the Layer-1 blockchain race. They also discuss the risks associated with centralized crypto custody and the potential for a liquidity-driven market surge.

Portfolio Pulse from Khyathi Dalal

June 14, 2024 | 2:51 pm

ETRN

Mountain Valley Pipeline has entered service to meet public demand and complies with all legal and regulatory requirements. It is available for short-term transportation until long-term capacity starts on July 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 2:37 pm

RNLX

Renalytix shares are trading higher after the company announced that Medicare issued a final Local Coverage Determination for its kidneyintelX.dkd testing.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 2:32 pm

IEUR

META

VGK

Meta has decided not to launch its Meta AI in Europe following a request from the Irish privacy regulator. The company views this as a setback for European innovation and AI competition.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 2:31 pm

RNLX

Renalytix announced that Medicare has issued a final local coverage determination for its kidneyintelX.dkd testing.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 2:30 pm

ADBE

ARM

HAS

IRON

OCUL

TPC

URGN

VFS

U.S. stocks were mostly lower on Friday, with the Dow Jones index falling around 300 points. However, several stocks saw significant gains. Hasbro, Inc. (NASDAQ:HAS) rose 5.5% after an upgrade from B of A Securities. Disc Medicine, Inc. (NASDAQ:IRON) gained 15.6% following a $178 million underwritten offering. UroGen Pharma Ltd. (NASDAQ:URGN) rose 15.4% due to positive Phase 3 trial results. Adobe Inc. (NASDAQ:ADBE) surged 14.3% on strong earnings. Other notable gainers include Ocular Therapeutix, Inc. (NASDAQ:OCUL), VinFast Auto Ltd. (NASDAQ:VFS), Tutor Perini Corporation (NYSE:TPC), and Arm Holdings plc (NASDAQ:ARM).

Portfolio Pulse from Avi Kapoor

June 14, 2024 | 2:29 pm

HSY

Ivory Coast's cocoa regulator is set to implement reforms aimed at reducing the influence of intermediary buyers and decreasing the number of permits. These changes are expected to take effect in the 2024/2025 season starting in October.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 2:15 pm