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UAL

United Airlines Holdings, Inc. (NASDAQ:UAL) announced the launch of Kinective, a new media network that uses travel insights for personalized, real-time ads and offers. The network will allow brands to market their products across United's platforms, including their mobile app and inflight entertainment systems. The company is already collaborating with brands like Norwegian Cruise Line, Macy’s, Chase United Co-Brand Credit Cards, and TelevisaUnivision. United Airlines shares are trading flat following the announcement.

Portfolio Pulse from Dylan Berman

June 07, 2024 | 2:53 pm

BNTX

MRNA

PFE

The FDA has advised manufacturers of authorized COVID-19 vaccines that vaccines for use beginning in Fall 2024 should be monovalent JN.1 vaccines.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 2:47 pm

FFIE

Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) shares are trading higher after the company announced the second phase of FF 91 deliveries, starting with a delivery to a retail investor. The company's chief product officer, YT Jia, highlighted three goals: securing strategic investment, increasing production capacity, and implementing a U.S.-China Bridge strategy. The stock's movement is also influenced by retail investor interest and excitement around 'meme stocks'.

Portfolio Pulse from Erica Kollmann

June 07, 2024 | 2:47 pm

SQM

Codelco, Chile's state-owned mining company, is seeking a partner for its Maricunga lithium project, targeting production by 2030. The project will be developed in two phases, with a total capital expenditure of $2.3 billion. Rothschild & Co is evaluating potential partners, and the search is expected to conclude by Q1 2025. Codelco has announced a partnership with SQM to adapt direct lithium extraction (DLE) technology by 2023.

Portfolio Pulse from Stjepan Kalinic

June 07, 2024 | 2:44 pm

LLY

NVO

OZEM

THNR

ETFs focused on weight-loss drugs, such as Roundhill GLP-1 Weight Loss ETF (OZEM) and Amplify Weight Loss Drug and Treatment ETF (THNR), have launched, heavily investing in Eli Lilly (LLY) and Novo Nordisk (NVO). While these drugs show promise, industry experts caution about long-term prospects and potential competition from new drugs.

Portfolio Pulse from Vandana Singh

June 07, 2024 | 2:42 pm

ABBV

CVS

JNJ

UNH

AbbVie's arthritis drug Humira retains over 80% of its patients despite facing nine lower-priced biosimilar competitors. This raises concerns about the viability of the biosimilar market. Pharmacy benefit managers (PBMs) like CVS Health, Cigna, and UnitedHealth Group have influenced patient access, but few patients switched to biosimilars. AbbVie expects a 36% erosion in U.S. sales of Humira this year. The biosimilar industry advocates for regulatory changes, claiming $6 billion in potential savings have been lost. Johnson & Johnson's Crohn's disease drug Stelara may follow a similar trajectory.

Portfolio Pulse from Vandana Singh

June 07, 2024 | 2:39 pm

BCDA

BioCardia, Inc. (NASDAQ:BCDA) shares are experiencing increased volatility, initially spiking higher but then trading lower by 19.6% after the company announced it received a patent approval for its 'Radial and Transendocardial Delivery Catheter.' This patent enhances the protection and value of BioCardia's therapeutic programs and delivery systems.

Portfolio Pulse from Dylan Berman

June 07, 2024 | 2:35 pm

NFLX

The boxing match between Jake Paul and Mike Tyson has been rescheduled to November 15 at AT&T Stadium due to Tyson's medical issues. The event will be streamed live on Netflix. The co-main event will feature Katie Taylor vs. Amanda Serrano. Previously purchased tickets will be honored, and refunds are available until July 8.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 2:35 pm

MRNA

Moderna has submitted an application to the FDA for the review of its Spikevax 2024-2025 formula, which targets the SARS-CoV-2 variant JN.1.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 2:33 pm

ACI

Albertsons Media Collective has partnered with Rokt to allow non-endemic brands to reach Albertsons' ecommerce customers through AI-powered offers and messages. This partnership aims to enhance customer engagement and loyalty across Albertsons' portfolio of brands.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 2:32 pm