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CARA

Cara Therapeutics (NASDAQ:CARA) shares dropped significantly after analysts from Needham and HC Wainwright downgraded the stock due to the failure of a key clinical trial and the lack of future value drivers. The company plans to halt its NP program and explore strategic alternatives.

Portfolio Pulse from Priya Nigam

June 13, 2024 | 4:21 pm

CERO

CERo Therapeutics shares are trading lower following the company's execution of pre-IND manufacturing activities for its lead therapeutic, CER-1236.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 4:09 pm

BITF

Bitfarms shares are trading higher after the company issued new guidance for 2025 and announced an agreement to develop power capacity in Pennsylvania.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 4:06 pm

URGN

UroGen Pharma shares are trading higher following the announcement of positive results from its Phase 3 ENVISION trial for UGN-102, showing an 82.3% 12-month duration of response and a 79.6% complete response rate at three months.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 4:01 pm

INTU

Intuit Inc. (NASDAQ:INTU) announced it will acquire technology from Zendrive to enhance its Credit Karma platform, specifically the Karma Drive product. The transaction is expected to close in Q4 2024, with key Zendrive employees joining Credit Karma.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 4:00 pm

TGT

Target Corp (NYSE:TGT) has successfully addressed a significant inventory challenge during the COVID-19 pandemic under the leadership of Chief Supply-Chain and Logistics Officer Gretchen McCarthy. By transforming retail spaces into distribution hubs and integrating advanced inventory management technologies, Target reduced its inventory by nearly $2 billion over two years. Despite reporting a lower-than-expected adjusted EPS in the recent first-quarter FY24 earnings, Target's inventory management strategy has positioned the company to better cater to both in-store and online shopping demands.

Portfolio Pulse from Shivani Kumaresan

June 13, 2024 | 3:59 pm

LNGG

LNGZ

NEXT

NextDecade Corporation (NASDAQ:NEXT) has signed a non-binding Heads of Agreement with Aramco for a 20-year LNG supply deal. Aramco plans to buy 1.2 million tonnes per annum of LNG from Train 4 at the Rio Grande LNG Facility. The deal is contingent on a positive Final Investment Decision expected in the second half of 2024. NextDecade shares are trading higher following the announcement.

Portfolio Pulse from Lekha Gupta

June 13, 2024 | 3:55 pm

BRTX

CADL

BioRestorative Therapies (NASDAQ:BRTX) shares surged 29% after the company announced licensing discussions with an undisclosed regenerative medicine company for its ThermoStem Metabolic Disease Program. Research with the University of Utah School of Medicine shows potential for treating obesity and metabolic disorders.

Portfolio Pulse from Dylan Berman

June 13, 2024 | 3:52 pm

FCX

Freeport-McMoRan shares are trading lower due to a decline in copper prices.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 3:36 pm

AAPL

AMZN

AVGO

GLD

GOOG

META

MSFT

NVDA

QQQ

SLV

SPY

TSLA

USO

The article discusses the impact of lower Producer Price Index (PPI) and higher jobless claims on the stock market, highlighting extremely positive sentiment driven by various factors including Elon Musk's pay package approval and Broadcom's stock split. It also mentions the early trade money flows in major tech stocks and ETFs, and provides insights on gold, oil, and Bitcoin trading activities.

Portfolio Pulse from The Arora Report

June 13, 2024 | 3:31 pm