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OPTHF

Optimi Health Corp. (OTC:OPTHF) has received a license to export psilocybin and MDMA to Australia, marking a significant milestone in the medical psychedelic drugs market. The company aims to become a key player in the manufacture of pharmaceutical-grade psychedelics. Despite regulatory challenges in the U.S., Optimi is positioning itself for global market leadership.

Portfolio Pulse from Rolando García

June 06, 2024 | 1:12 am

LLY

NVO

Novo Nordisk is facing significant competition in China as local pharmaceutical companies develop generic versions of its key diabetes and obesity drugs, Ozempic and Wegovy. The patent for these drugs is set to expire in China in 2026, and an adverse court ruling could lead to an earlier loss of patent protection. This could impact Novo Nordisk's market share in a crucial market where it has seen significant sales growth. Additionally, Novo Nordisk faces competition from Eli Lilly's diabetes drug Mounjaro, which was recently approved in China.

Portfolio Pulse from Benzinga Neuro

June 06, 2024 | 1:07 am

FLYE

Electric Vehicle Company Fly-E Group has announced the pricing of its IPO at $4.00 per share for 2.25 million shares, with trading set to begin on Nasdaq under the symbol 'FLYE' on June 6, 2024. The company expects to raise $9.0 million from the offering, which will be used for inventory, production costs, retail expansion, technology, R&D, and general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 10:08 pm

AYRWF

CRLBF

CURLF

GTBIF

TCNNF

VRNOF

A new ad campaign in Florida highlights the dangers of unregulated marijuana and advocates for the legalization of cannabis through Amendment 3. The campaign, supported by Smart and Safe Florida and financially backed by Trulieve Cannabis Corp and other cannabis companies, aims to ensure safe and regulated marijuana for adults. The amendment will be voted on in November 2024.

Portfolio Pulse from Maureen Meehan

June 05, 2024 | 8:50 pm

DAR

Darling Ingredients has announced plans to reduce emissions from wastewater treatment plants at some of its rendering facilities. This initiative is part of the company's ongoing efforts to improve environmental sustainability.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 8:49 pm

TTWO

Take-Two Interactive's Rockstar Games is set to release a significant update for GTA Online in June, introducing new bounty hunting and police missions, along with enhancements to the game's content creator tool. This update is expected to maintain GTA Online's popularity and revenue generation.

Portfolio Pulse from Franca Quarneti

June 05, 2024 | 8:38 pm

AAPL

MSFT

NVDA

SPY

Nvidia Corporation (NVDA) reached a $3 trillion market cap, joining Apple (AAPL) and Microsoft (MSFT) as the third company to achieve this milestone. Nvidia's shares closed up more than 5%, driven by strong demand for its AI chips and upcoming product releases. The stock is also seeing increased attention ahead of a 10-for-1 stock split.

Portfolio Pulse from Erica Kollmann

June 05, 2024 | 8:38 pm

NVAX

Novavax announced that an FDA panel has backed an update for the monovalent JN.1-lineage COVID vaccine. Novavax plans to deliver its protein-based JN.1 COVID vaccine and expects to be ready for delivery in September.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 8:36 pm

BTBT

Bit Digital reported a 47% decrease in Bitcoin production for May, producing 63.3 BTC. The decline is attributed to the reduction of bitcoin block rewards following the April halving event and voluntary curtailment activity. The company's active hash rate was approximately 2.54 EH/s as of May 31, 2024.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 8:34 pm

PFE

RLAY

Relay Therapeutics and Pfizer have announced a clinical trial collaboration to evaluate the combination of Pfizer's atirmociclib with Relay's RLY-2608 and fulvestrant in patients with PI3Kα-mutated, HR+, HER2- metastatic breast cancer.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 8:31 pm