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ADBE

BPTH

MOLN

Market-Moving News for June 14th highlights significant stock movements for Adobe (ADBE), Bio-Path Holdings (BPTH), and Molecular Partners (MOLN) due to positive earnings, clinical trial results, and preclinical data, respectively.

Portfolio Pulse from ryanfaloona@benzinga.com

June 14, 2024 | 12:34 pm

BTCUSD

COIN

Tether co-founder William Quigley criticizes the Biden administration for allowing the SEC to take an aggressive stance towards crypto companies, particularly under Chairman Gary Gensler. He suggests that a Trump presidency might result in less aggressive regulatory actions. Quigley also projects Bitcoin could reach up to $300,000 in 2025 based on historical patterns.

Portfolio Pulse from Murtuza Merchant

June 14, 2024 | 12:33 pm

SVMH

SRIVARU Holding announced that it will begin accepting paid reservations for its PRANA 2.0 electric motorcycle on June 16. This marks a significant step towards revenue generation and market adoption for the company.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 12:32 pm

MDLZ

Mondelez International Inc. (NASDAQ:MDLZ) is aiming to keep chocolate prices affordable despite rising cocoa costs. CFO Luca Zaramella expressed optimism about declining cocoa prices next year, which could ease production costs. The company is monitoring cocoa market trends to time purchases effectively.

Portfolio Pulse from Shivani Kumaresan

June 14, 2024 | 12:23 pm

KUKE

Kuke Music Holding Limited (NYSE: KUKE) has announced a partnership with Shanghai Jidou Science and Technology Co., Ltd. to integrate its AI music technology into automobiles. This collaboration will see Kuke's AI music application launched in Jidou's car application store, enhancing the in-car music experience for users.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 12:22 pm

LXRX

Lexicon Pharmaceuticals (NASDAQ:LXRX) announced three poster presentations on diabetic peripheral neuropathic pain at the 84th Scientific Sessions of the American Diabetes Association, taking place from June 21-24, 2024, in Orlando, Florida.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 12:15 pm

COST

JDST

JNUG

Direxion's Junior Gold Miners Bull (JNUG) and Bear (JDST) ETFs are in focus due to contrasting performances. JNUG lost over 4% while JDST gained nearly 4%. The gold market has been volatile, influenced by inflation concerns and Federal Reserve policies. JNUG is showing signs of a bearish pattern, while JDST is showing potential for a rise.

Portfolio Pulse from Joshenomoto@benzinga.com

June 14, 2024 | 12:11 pm

AMZN

CMCSA

DIS

NFLX

PARA

Netflix is seeking a production partner for NFL games it plans to air on Christmas Day, as well as in 2025 and 2026. The company is in discussions with major broadcasters like Disney, Comcast, and Paramount Global. This marks Netflix's first significant venture into live sports, aiming to expand its advertising tier.

Portfolio Pulse from Benzinga Neuro

June 14, 2024 | 12:07 pm

MBRX

Moleculin Biotech, Inc. (MBRX) reported additional preliminary interim data from its AML clinical trial, showing promising results in subjects with poor prognosis cytogenetics and/or mutations. The trial demonstrated a median durability of response of 6 months and increasing, with significant survival rates and no cardiotoxicity. The data was presented at the European Hematology Association 2024 Hybrid Congress.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 12:05 pm

JSPR

Jasper Therapeutics presented preclinical data on Briquilimab at the 2024 EHA Hybrid Congress, showcasing promising results.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 12:04 pm