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SPY

USO

The U.S. Energy Department is seeking to purchase an additional 6 million barrels of oil to replenish the Strategic Petroleum Reserve (SPR). This move is part of the government's ongoing efforts to stabilize energy supplies and prices.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 4:35 pm

GERN

MAIA

MAIA Biotechnology has announced the validation of clinical and regulatory pathways for its telomere-targeting cancer therapies following the FDA approval of Geron's Imetelstat. This development is significant for MAIA's future prospects in cancer treatment.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 4:31 pm

BTCUSD

Bitcoin remains stuck at resistance levels despite record inflows into Bitcoin Spot ETFs. Analysts suggest that broader market forces, internal selling, and profit-taking are offsetting the buying pressure from ETFs. Concerns about transparency from major institutions like BlackRock and Fidelity have also been raised.

Portfolio Pulse from Murtuza Merchant

June 07, 2024 | 4:27 pm

DIA

NVDA

Nvidia Corporation (NASDAQ: NVDA) is undergoing a 10-for-1 stock split, effective after market close on Friday. The split aims to make shares more accessible to employees and investors, with trading on a split-adjusted basis starting Monday, June 10. Historically, Nvidia's stock splits have shown minimal immediate returns. The split could also be a precursor to Nvidia's inclusion in the Dow Jones Industrial Average, potentially replacing Intel Corporation. Nvidia's stock split might impact the SPDR Dow Jones Industrial Average ETF Trust (NYSE: DIA).

Portfolio Pulse from Chris Katje

June 07, 2024 | 4:26 pm

NFLX

The Jake Paul-Mike Tyson boxing match has been rescheduled to Nov. 15 and will be streamed live on Netflix. This move aligns with Netflix's strategy to diversify its content offerings.

Portfolio Pulse from Aaron Bry

June 07, 2024 | 4:16 pm

CRM

FEPI

IGV

Salesforce (NYSE:CRM) shares are trading nearly flat today. The company recently announced London as the location for its first AI center and introduced Slack lists for task management. CRM stock has gained over 17% in the past year. Investors can also gain exposure via IShares Expanded Tech-Software Sector ETF (BATS:IGV) and REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI).

Portfolio Pulse from Nabaparna Bhattacharya

June 07, 2024 | 4:12 pm

BNTX

MRNA

NVAX

PFE

Moderna has submitted an FDA application for its updated COVID-19 vaccine targeting the JN.1 variant for the 2024-2025 season. Novavax expects to deliver its JN.1 vaccine by September, pending authorization. Pfizer/BioNTech and Moderna plan to have their updated vaccines available this fall.

Portfolio Pulse from Vandana Singh

June 07, 2024 | 4:05 pm

VRTX

Vertex Pharmaceuticals presented new data at the ECFS 47th European Cystic Fibrosis Conference showing significant benefits of TRIKAFTA in treating cystic fibrosis with rare, non-F508del CFTR mutations. The study demonstrated improvements in lung function, CFTR function, and reduced pulmonary exacerbations.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 4:03 pm

LLY

NVO

U.S. District Judge Karen Marston has been appointed to oversee over 10,000 lawsuits related to Novo Nordisk's and Eli Lilly's diabetes and weight-loss drugs, Ozempic, Wegovy, and Mounjaro. The litigation involves allegations of severe digestive side effects. Both companies deny the claims.

Portfolio Pulse from Vandana Singh

June 07, 2024 | 3:58 pm

AFRM

FINX

IPAY

Affirm Holdings, Inc (NASDAQ:AFRM) has introduced new payment options, Pay in 2 and Pay in 30, to enhance flexibility and affordability for consumers. These options allow users to split purchases into two interest-free payments or pay in full within 30 days without late fees. The rollout has already increased cart conversion, and Affirm plans to extend these options to merchant partners. Affirm also expanded its partnership with Alterra Mountain Company. AFRM shares were trading lower by 2.69% at $30.32. Investors can gain exposure via Amplify Mobile Payments ETF (NYSE:IPAY) and Global X FinTech ETF (NASDAQ:FINX).

Portfolio Pulse from Anusuya Lahiri

June 07, 2024 | 3:56 pm