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ADBE

Adobe Inc. (NASDAQ: ADBE) has updated its terms and conditions for its apps, including Photoshop, causing backlash from professional users. The new terms grant Adobe extensive rights to access and use user content, sparking privacy concerns and calls to cancel subscriptions.

Portfolio Pulse from Michael Cohen

June 06, 2024 | 3:16 pm

ABUS

Barinthus Biotherapeutics presented updated data from two clinical trials in chronic Hepatitis B at the EASL Congress 2024. The HBV003 trial showed promising results with 67% of participants having HBsAg <10 IU/mL and 19% with undetectable HBsAg. In the IM-PROVE II trial, conducted in partnership with Arbutus Biopharma, VTP-300 treatment showed a statistically significant difference in HBsAg levels compared to placebo, with 84% of participants discontinuing standard NUC therapy.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 3:16 pm

CRWD

Recent options trading trends indicate a bullish stance on CrowdStrike Holdings (NASDAQ:CRWD) by big-money investors. Benzinga's options scanner detected 37 unusual options trades, with 54% being bullish. The trades suggest a price range of $270 to $520 for CRWD. The stock is currently up 1.21% at $346.33, with RSI indicators hinting at an overbought condition. Analysts have mixed ratings, with a consensus target price of $394.

Portfolio Pulse from Benzinga Insights

June 06, 2024 | 3:02 pm

WAY

Waystar Holding Corp (NASDAQ:WAY) is set to start trading on June 7 on the NASDAQ exchange. The IPO price is expected to be between $20.00 and $23.00 per share, with an insider lock-up period of 180 days ending on December 4, 2024. Waystar provides cloud software for healthcare payments.

Portfolio Pulse from Benzinga Insights

June 06, 2024 | 3:00 pm

RAPP

Rapport Therapeutics, Inc (NASDAQ:RAPP) is set to IPO on June 07 on the NASDAQ exchange with shares priced between $16.00 and $18.00. The company focuses on developing small molecule medicines for CNS disorders.

Portfolio Pulse from Benzinga Insights

June 06, 2024 | 3:00 pm

AMD

IVV

NVDA

TSM

VOO

Advanced Micro Devices, Inc (NASDAQ:AMD) has seen a significant stock gain of over 42% in the last six months. Analysts highlight AMD's growing market share in the server CPU market and its promising product pipeline. However, there are concerns about AMD's collaboration with Samsung on 3-nanometer chip technology, with suggestions to focus on TSMC's 2-nm products instead. AMD's market cap is significantly lower than Nvidia's, but investors can gain exposure to AMD through ETFs like iShares Core S&P 500 ETF (NYSE:IVV) and Vanguard S&P 500 ETF (NYSE:VOO).

Portfolio Pulse from Anusuya Lahiri

June 06, 2024 | 2:58 pm

CXM

RDDT

Reddit Inc (NYSE:RDDT) has announced an expanded partnership with Sprinklr Inc (NYSE:CXM) to enhance their Data API and Advertising API. This partnership will allow Sprinklr customers to access Reddit's full advertising suite and integrate it into their enterprise strategies, providing enhanced feedback, sentiment, trends, and competitive insights.

Portfolio Pulse from Adam Eckert

June 06, 2024 | 2:58 pm

MO

PM

XXII

The FDA has rescinded its ban on Juul e-cigarettes due to new case law, opening the possibility for federal clearance of Juul products.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 2:44 pm

BA

EADSY

Saudia Group is considering purchasing wide-body jets, specifically the Boeing 787 and Airbus A330, to meet demand due to a shortage of production slots for narrow-body jets. The order is expected to be placed this year.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 2:40 pm

TLRY

Tilray Brands, Inc. (NASDAQ:TLRY) has launched a new cannabis strain 'Purple Churro' in Canada and won two awards at the New York International Spirits Competition. The company is also expanding its U.S. focus to spirits, beer, and food due to federal restrictions on marijuana sales.

Portfolio Pulse from Jelena Martinovic

June 06, 2024 | 2:39 pm