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REGN

SNY

The FDA has extended the priority review deadline for Regeneron Pharmaceuticals and Sanofi's Dupixent for treating COPD patients with Type 2 inflammation to September 2024. The extension follows the submission of additional efficacy analyses.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 5:55 am

SPOT

Spotify Technology SA (NYSE:SPOT) will refund customers who purchased its Car Thing dashboard accessory before deactivating the devices in December 2024. This decision follows a class action lawsuit and comes after a challenging year for Spotify, which included price increases, layoffs, and a 20% revenue growth in Q1 2024.

Portfolio Pulse from Ananya Gairola

May 31, 2024 | 5:16 am

ARKK

PLTR

SHLD

Dan Ives from Wedbush likened Palantir Technologies Inc. (NYSE:PLTR) to Lionel Messi in the AI world, calling it the most underestimated AI play. Despite a sell call from Jim Cramer, Palantir's stock continues to rise, supported by CEO Alex Karp's bold claims of market dominance. The stock has gained over 42% in the last 12 months and is included in ETFs like Global X Defense Tech ETF (NYSE:SHLD) and ARK Innovation ETF (NYSE:ARKK).

Portfolio Pulse from Benzinga Neuro

May 31, 2024 | 5:12 am

AAPL

Apple Inc. (NASDAQ:AAPL) plans to overhaul its Siri virtual assistant with powerful AI-driven voice command features, enabling control of individual app functions. The update, to be unveiled at WWDC, will use large language models and generative AI. Initially limited to Apple's apps, the feature will expand to handle multiple commands and is expected to be part of iOS 18 next year. Analysts are bullish on Apple's AI prospects, predicting strong stock performance.

Portfolio Pulse from Ananya Gairola

May 31, 2024 | 5:01 am

BTCUSD

Robert F. Kennedy Jr. praised Donald Trump's pro-cryptocurrency stance and expressed hope that President Joe Biden would adopt a similar approach. Kennedy emphasized the importance of transactional freedom and transparency in cryptocurrency, and disclosed his own investments in Bitcoin. He also proposed treating cryptocurrency as a currency rather than taxing it as capital gains.

Portfolio Pulse from Aniket Verma

May 31, 2024 | 4:51 am

BTCUSD

DOGEUSD

ETHUSD

Trump's Maga Coin surged 7% despite his conviction in a criminal trial, outperforming major cryptocurrencies like Bitcoin and Ethereum. The coin has gained 71% over the week and nearly 200% in the past month. Meanwhile, Jeo Boden, a cryptocurrency parodying President Joe Biden, fell 10%. Trump's Digital Trading Cards NFTs also saw a price increase.

Portfolio Pulse from Aniket Verma

May 31, 2024 | 3:48 am

ARKF

ARKK

ARKW

HOOD

NTLA

NTRA

PATH

Cathie Wood-led Ark Invest sold nearly $28M worth of Robinhood shares amid the launch of Robinhood's new cryptocurrency trading API and lackluster Bitcoin price action. The sell-off involved multiple Ark ETFs and aligns with Ark's strategy to manage exposure to cryptocurrency-related stocks.

Portfolio Pulse from Benzinga Neuro

May 31, 2024 | 3:38 am

COIN

Shiba Inu (SHIB) saw a 246% increase in its burn rate, with 8.2 million tokens removed from circulation. This spike coincides with the listing of SHIB perpetual futures on Coinbase International Exchange and Coinbase Advanced.

Portfolio Pulse from Aniket Verma

May 31, 2024 | 3:14 am

COST

DELL

DJT

MDB

TSLA

U.S. markets closed in the red on Thursday with the Dow Jones, S&P 500, and Nasdaq all declining. Key stocks on investors' radars included Trump Media & Technology Group, Costco, Dell, MongoDB, and Tesla. Trump Media saw a notable drop in after-hours trading following a guilty verdict for Donald Trump. Costco reported strong third-quarter revenue, beating expectations. Dell's stock fell despite strong year-to-date performance and upcoming earnings. MongoDB shares plummeted after weak forward guidance. Tesla's stock rose as the company prepares to register its 'Full Self-Driving' software in China.

Portfolio Pulse from Benzinga Neuro

May 31, 2024 | 2:24 am

BTCUSD

DOGEUSD

ETHUSD

The cryptocurrency market remained steady on Thursday with Bitcoin gaining slightly while Ethereum and Dogecoin traded lower. Bitcoin faced resistance after breaching its all-time high, and Ethereum failed to hold $3,800. Analysts suggest Bitcoin is not likely to break out soon post-halving. Stocks ended in the red, with major indices recording losses.

Portfolio Pulse from Aniket Verma

May 31, 2024 | 1:49 am