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LULU

lululemon announced that it will not replace the role of Chief Product Officer. Instead, Jonathan Cheung, Global Creative Director, will report directly to CEO Calvin McDonald. This change aims to support the company's growth plans and product innovation. lululemon will report its Q1 2024 financial results on June 5.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 8:58 pm

MSFT

Microsoft Corp. (NASDAQ:MSFT) announced the integration of its Copilot AI into video games, starting with Minecraft, during its Surface and AI event. This feature allows players to use natural language for in-game guidance. Microsoft emphasized user privacy, stating that data will remain on-device. The event also raised concerns about the impact of AI on traditional content publishing.

Portfolio Pulse from Franca Quarneti

May 21, 2024 | 8:45 pm

DDOG

FROG

JFrog and Datadog have announced a new integration that enhances visibility and performance insights for cloud applications. The integration allows developers to prioritize important logs, improving efficiency and business impact.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 8:44 pm

AMD

INTC

NVDA

SMCI

Super Micro Computer Inc (SMCI) discussed its growth trajectory and future prospects at the JPMorgan Global TMC Conference. The company sees significant growth potential in AI, plans to expand its rack capacity, and is considering raising capital via unsecured debt following its inclusion in the S&P 500. SMCI has partnerships with Nvidia, Intel, and AMD to enhance its product offerings.

Portfolio Pulse from Surbhi Jain

May 21, 2024 | 8:43 pm

EBAY

GME

META

YouTuber Lee 'Leonhart' Steinfeld tested GameStop's new Pokémon card trade-in program, receiving $157 for cards he estimated to be worth $328. The process appeared subjective and employees lacked extensive training. GameStop's offers were significantly lower than potential eBay or Facebook sales.

Portfolio Pulse from Franca Quarneti

May 21, 2024 | 8:42 pm

PFE

Hospira Inc., a subsidiary of Pfizer Inc., has issued a voluntary nationwide recall for Buprenorphine Hydrochloride Injection Carpuject™ Units and Labetalol Hydrochloride Injection, USP Carpuject™ Units due to the potential for incomplete crimp seals.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 8:40 pm

AMGN

HIMS

LLY

NVO

OZEM

VKTX

Roundhill Investments has launched the Roundhill GLP-1 & Weight Loss ETF (NASDAQ:OZEM), the world's first ETF focused on GLP-1 weight loss drugs. The ETF includes significant holdings in Eli Lilly (NYSE:LLY) and Novo Nordisk (NYSE:NVO), which dominate the weight loss drug market. The market for these drugs is expected to grow significantly, potentially reaching $100 billion by 2030. Other companies like Amgen (NASDAQ:AMGN) and Viking Therapeutics (NASDAQ:VKTX) are also developing promising weight loss treatments.

Portfolio Pulse from Piero Cingari

May 21, 2024 | 8:33 pm

AVTE

Aerovate Therapeutics presented baseline data from the Phase 2b portion of the IMPAHCT trial at the ATS 2024 International Conference. The topline data from this study will be released in June 2024, and enrollment for the Phase 3 portion is ongoing at over 120 sites globally.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 8:21 pm

NBTX

Nanobiotix has updated its corporate strategy to focus on long-term growth through its global NBTXR3 collaboration. Key updates include the transfer of sponsorship for a Phase 3 trial in head and neck cancer, regulatory pathway optimizations, and a new Phase 2 study in lung cancer approved by the US FDA.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 8:20 pm

UNFI

United Natural Foods (UNFI) has extended its wholesale grocery distribution agreement with Whole Foods Market until May 2032.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 8:19 pm