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LUV

SPR

Southwest Airlines CEO Bob Jordan refuses to step down despite pressure from activist investor Elliott Investment Management, which is pushing for leadership changes and policy revisions. Southwest expects fewer plane deliveries from Boeing this year and is considering changes to its seating policy. The company plans to unveil a broad plan in September.

Portfolio Pulse from Michael Juliano

June 12, 2024 | 8:01 pm

RARE

Ultragenyx Pharmaceutical Inc. (NASDAQ: RARE) plans to file for accelerated approval of UX111 for the treatment of Sanfilippo Syndrome Type A after a successful meeting with the FDA. The FDA agreed that cerebral spinal fluid heparan sulfate can be used as a surrogate endpoint for the biologics license application.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 8:01 pm

NDRA

ENDRA Life Sciences has been granted European Patent EP4021284 for a method and system used in thermoacoustic ultrasonic imaging. This patent could enhance their technological capabilities and market position in the medical imaging sector.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 7:58 pm

GLD

SPY

Doubleline Capital's Jeffrey Gundlach suggests that even at current levels, it is worth dollar-cost averaging into gold. This recommendation was made during a CNBC interview.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 7:48 pm

SPY

USO

Doubleline Capital's Jeffrey Gundlach stated that a decrease in oil prices could lead to further relaxation on inflation. This could have implications for various financial assets, including ETFs like SPY and USO.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 7:35 pm

LGVN

Longeveron Inc. (NASDAQ:LGVN) shares surged by 102% following a Zacks Small Cap Research note valuing the stock at $15.10 per share. The company is advancing its Lomecel-B treatment for Hypoplastic Left Heart Syndrome (HLHS) and has signed its first contract for its advanced manufacturing facility, expected to generate $4-5 million in annual revenue.

Portfolio Pulse from Vaishali Prayag

June 12, 2024 | 7:22 pm

KRUZ

NANC

NPEL

SPY

Matthew Tuttle has filed for a new ETF, the Tuttle Capital Congressional Trading ETF (NYSE:NPEL), which will track the trading activity of members of Congress. This ETF will be actively managed and is set to launch in August 2024. It will focus on equities bought by Congress members and their spouses, differentiating itself by holding around 50 equities and considering the historical performance and committee assignments of Congress members. This new ETF joins existing ones like NANC and KRUZ, which track trading activity by political party.

Portfolio Pulse from Chris Katje

June 12, 2024 | 7:20 pm

GME

Former President Donald Trump has expressed support for Bitcoin mining in the U.S., which has positively impacted the Trump-related MAGA Memecoin (CRYPTO: TRUMP) and Dogecoin (CRYPTO: DOGE). Additionally, there is speculation about GameStop potentially investing in Bitcoin, which could significantly affect its stock performance.

Portfolio Pulse from Khyathi Dalal

June 12, 2024 | 7:19 pm

AAPL

GME

NVDA

WallStreetBets users are celebrating massive gains from risky options bets on Apple and NVIDIA. Apple's stock saw a significant rise after its WWDC Conference, leading to substantial profits for some traders. However, not all users were fortunate, with some posting significant losses.

Portfolio Pulse from Aaron Bry

June 12, 2024 | 7:19 pm

AZN

AstraZeneca announced that its drug Farxiga has received FDA approval to improve glycaemic control in paediatric patients with Type-2 diabetes aged 10 years and older.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 7:03 pm