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ELTX

Elicio Therapeutics announced preliminary data from its ongoing AMPLIFY-7P Phase 1a study of ELI-002 7P in patients with mKRAS-driven solid tumors at the 2024 ASCO Annual Meeting. The study showed that ELI-002 7P was well tolerated and generated a significant mKRAS-specific T cell response in all patients, with notable tumor biomarker reductions and antigen-spreading effects.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 4:56 pm

OKLO

Oklo has announced an agreement to supply 100MW of nuclear power to Wyoming Hyperscale, a data center company. This deal marks a significant step for Oklo in the energy sector, particularly in providing sustainable energy solutions to data centers.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 4:37 pm

AMC

DIS

AMC Entertainment Holdings (NYSE: AMC) CEO Adam Aron discussed the company's strategies to navigate its high debt load and the struggling movie sector. Despite challenges, including Hollywood strikes, AMC has leveraged partnerships with artists like Taylor Swift and merchandise sales to boost revenue. Aron remains optimistic about future growth through acquisitions and innovative marketing strategies.

Portfolio Pulse from Chris Katje

May 24, 2024 | 4:36 pm

AAPL

AES

MRVL

SNX

Hedge funds adjusted their portfolios in Q1 2024, focusing on AI-related infrastructure stocks and cyclical sectors. Positions in several 'Magnificent Seven' tech stocks were trimmed, except for Apple. Marvell Technology, TD Synnex, and AES Corporation saw increased hedge fund interest.

Portfolio Pulse from Piero Cingari

May 24, 2024 | 4:20 pm

ETHUSD

The SEC's approval of eight spot Ethereum ETFs marks a significant regulatory shift, reflecting increased acceptance of blockchain technology. This move aligns with the passage of the FIT Act, which aims to protect consumers and spur technological advancements. Despite opposition, the Administration is collaborating with Congress on crypto regulation, signaling a more favorable environment for blockchain businesses.

Portfolio Pulse from Murtuza Merchant

May 24, 2024 | 4:13 pm

AKAN

DECK

GNLX

INTU

MRUS

TLSI

VSTM

U.S. stocks traded higher with the Nasdaq Composite gaining around 1%. Intuit shares fell 8% despite better-than-expected earnings due to weak guidance. Akanda Corp. shares surged 70% after a reverse stock split. Merus N.V. shares rose 37% following a positive abstract publication. Deckers Outdoor Corporation shares increased 13% on strong quarterly results. Verastem, Inc. shares dropped 61% after initiating a rolling NDA submission. TriSalus Life Sciences shares fell 26% following an exchange offer announcement. Genelux Corporation shares declined 45% after pricing a $27.5 million stock offering.

Portfolio Pulse from Avi Kapoor

May 24, 2024 | 4:07 pm

LLY

NVO

Eli Lilly's new investment is expected to produce drugs by 2028, but the launch of Tirzepatide in China is delayed until supply improves.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 4:07 pm

SAVA

Cassava Sciences has received a Notice of Allowance for a US patent application titled 'Alzheimer's Disease Assay In A Living Patient,' which is designed to determine the likelihood of Alzheimer's Disease or Mild Cognitive Impairment due to AD.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 4:03 pm

AMZN

Amazon has announced the grand opening of a new 2.8 million square foot robotics fulfillment center, YYC4, in Calgary, Alberta. The facility employs over 1,500 people.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 4:01 pm

OND

SPOT

WBIL

Spotify Technology SA (NYSE:SPOT) has discontinued its Car Thing device to focus on new user features. Despite the discontinuation, Spotify's stock is trading higher, reflecting investor confidence in the company's strategic shift. The company reported strong fiscal first-quarter 2024 results, with revenue and EPS beating analyst estimates. Investors can gain exposure to Spotify through ProShares On-Demand ETF (NYSE:OND) and WBI BullBear Quality 3000 ETF (NYSE:WBIL).

Portfolio Pulse from Anusuya Lahiri

May 24, 2024 | 3:47 pm