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CAPR

Capricor Therapeutics (NASDAQ: CAPR) announced positive three-year results from its HOPE-2 open-label extension study with CAP-1002, showing continued benefits for DMD patients. The stock is trading 4.43% higher following the news.

Portfolio Pulse from Dylan Berman

June 04, 2024 | 5:12 pm

HOOK

HOOKIPA Pharma announced positive Phase 2 results for its HB-200 treatment combined with pembrolizumab in HPV16+ head and neck cancer. The data showed significant clinical activity, particularly in patients with a PD-L1 combined positive score (CPS) of 20 or higher. The company will host a conference call to discuss these results.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 5:03 pm

BRK

FTXN

OILT

OXY

Occidental Petroleum's subsidiary, TerraLithium, has entered a joint venture with BHE Renewables, a Berkshire Hathaway subsidiary, to develop technology for extracting high-purity lithium from geothermal brine. This partnership aims to leverage both companies' expertise to advance sustainable lithium production. Despite the positive long-term outlook for lithium demand, Occidental Petroleum shares are trading lower today.

Portfolio Pulse from Lekha Gupta

June 04, 2024 | 5:02 pm

BBWI

CCL

DIA

IWM

QQQ

SAIA

SPY

TLT

XLB

XLRE

Stocks dipped on Tuesday amid growth concerns, with major indices trading in the red. The S&P 500 faced selling pressure, and small caps were hit hard, with the iShares Russell 2000 ETF (IWM) down 1.4%. Economic data showed a sharp decline in job openings, increasing bets on a Federal Reserve rate cut in September. This boosted bond prices, with the iShares 20+ Year Treasury Bond ETF (TLT) rising 1%. Commodities fell, with oil prices down for five straight days. Bitcoin surged 3%. Notable stock movers included Saia Inc. (SAIA) up 7%, Carnival Corp. (CCL) up 4%, and Bath & Body Works Inc. (BBWI) down 13%.

Portfolio Pulse from Piero Cingari

June 04, 2024 | 5:00 pm

AAPL

ADBE

AMZN

GETY

GOOGL

META

SSTK

Shutterstock Inc. (NYSE:SSTK) has partnered with Reka AI to enhance its digital asset metadata using multimodal language AI models. This partnership aims to improve the metadata of Shutterstock's extensive library of digital assets. The licensing business with AI firms generated $104 million in revenue last year, and Shutterstock anticipates this segment to generate $250 million in sales by 2027. The company's shares are currently trading lower by 2.13%.

Portfolio Pulse from Shivani Kumaresan

June 04, 2024 | 4:51 pm

MAIA

MAIA Biotechnology shares are trading lower after the company reported new clinical data from its Phase 2 THIO-101 clinical trial. The trial evaluates THIO sequenced with the immune checkpoint inhibitor cemiplimab in patients with advanced non-small cell lung cancer who failed 2 or more standard-of-care therapy regimens.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 4:46 pm

AMAT

Investors with significant capital have shown a bullish stance on Applied Materials (NASDAQ:AMAT), as observed through unusual options trades. Benzinga's options scanner detected 8 uncommon trades, with a split sentiment of 37% bullish and 37% bearish. The major market movers are focusing on a price range between $180.0 and $230.0. Analysts have mixed ratings, with price targets ranging from $185 to $255.

Portfolio Pulse from Benzinga Insights

June 04, 2024 | 4:45 pm

EQ

Equillium Inc. (NASDAQ:EQ) announced topline data from its Phase 2 study of EQ101 for alopecia areata, showing favorable safety and tolerability but mixed efficacy results. EQ shares fell 21.8% following the announcement.

Portfolio Pulse from Vandana Singh

June 04, 2024 | 4:35 pm

EQ

Equillium shares are trading lower after the company announced topline data from its Phase 2 study of EQ101 in alopecia areata. The stock initially traded higher but has since reversed.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 4:31 pm

COIN

Coinbase shares are trading higher, possibly due to a rise in Bitcoin prices.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 4:19 pm