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CGTX

Cognition Therapeutics is set to be issued US patent number 11,981,636 for compositions aimed at treating neurodegenerative diseases, including Alzheimer's disease and cognitive decline. This development could significantly impact the company's portfolio and position in the market for treatments of such conditions.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 6:02 pm

AAPL

BABA

INTC

NVDA

QCOM

TSM

Piper Sandler analyst Harsh V. Kumar compared the performance of the Semiconductor Index (SOX) to the NASDAQ and S&P, noting SOX's 2% rise last week. The U.S. revoked licenses for Intel Corp and Qualcomm Inc to supply to Huawei, affecting Intel's revenue guidance but not Qualcomm's due to minimal exposure. Taiwan Semiconductor Manufacturing Co reported a 60% year-on-year revenue increase, driven by customers like Nvidia Corp and Apple Inc. Apple plans to integrate OpenAI's ChatGPT in iOS. Arm Holdings plans to launch AI chips by 2025, while China encourages domestic AI chip use, impacting Alibaba Group.

Portfolio Pulse from Anusuya Lahiri

May 13, 2024 | 5:50 pm

INKT

MiNK Therapeutics, Inc. (NASDAQ:INKT) shares surged 11% after announcing a $5.8 million private placement financing to accelerate clinical trials of its leading therapy, MiNK-215. The company plans to sell 4.64 million shares at $1.25 each, a 25% premium to current prices, with the financing aimed at advancing MiNK-215's clinical trials targeting solid tumors. The PIPE deal is expected to close on May 14, 2024. Additionally, MiNK announced the appointment of Yekaterina Chudnovsky as Board Observer.

Portfolio Pulse from Dylan Berman

May 13, 2024 | 5:48 pm

GME

KWEB

PGJ

TLT

TME

Tech stocks saw a slight increase ahead of key inflation data, with GameStop experiencing a significant surge due to social media activity. The S&P 500 remained stable, while the Nasdaq 100 and Russell 2000 posted gains. Treasury yields dipped slightly, benefiting the iShares 20+ Year Treasury Bond ETF. Meme stocks rallied, notably GameStop, driven by 'Roaring Kitty's' return. Tencent's revenue beat spurred a rally in Chinese stocks, positively impacting related ETFs. The commodities market saw mixed movements, with oil up and gold down.

Portfolio Pulse from Piero Cingari

May 13, 2024 | 5:47 pm

MITK

N-iX is partnering with Mitek Systems to integrate its technology into their offerings, aiming to enhance fraud prevention services for their clients. This collaboration is expected to leverage Mitek's advanced verification and mobile deposit technology to bolster security measures.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 5:47 pm

MSFT

OpenAI's CTO announced that the GPT-4 model will include capabilities for processing text, audio, and images, expanding its utility across various applications.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 5:12 pm

AMZN

GME

RETL

TGT

WMT

Direxion Daily Retail Bull 3X Shares (RETL) experienced a surge of about 10% on Monday, influenced by the significant rise in GameStop Corporation (GME) stock, which jumped about 65%. This movement is attributed to Keith Gill's reappearance on social media. RETL, which includes a 1.2% weighting of GME among other retail stocks, offers traders and investors a diversified option to capitalize on GameStop's momentum. RETL is a triple-leveraged ETF aiming to outperform the S&P Retail Select Industry Index by 300%, including holdings like Amazon.com, Inc (AMZN), Target Corp (TGT), and Walmart, Inc (WMT).

Portfolio Pulse from Melanie Schaffer

May 13, 2024 | 5:03 pm

MSFT

OpenAI's Spring Update Event has started, with CTO Mira Murati announcing the launch of a desktop version of ChatGPT and the release of a new model named GPT-4O. This development could signify a significant step forward in AI technology and its applications.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 5:03 pm

AAPL

Apple News+ has launched 'Quartiles', a new original spelling game, and an offline mode feature for its subscribers. These new additions aim to enhance the user experience and provide more value to News+ subscribers, making the service more attractive and engaging.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 5:02 pm

BLK

Anthony Scaramucci, founder of SkyBridge Capital and former Trump ally, predicts Bitcoin will reach $150,000, citing its current asset composition in SkyBridge and recent ETF adoptions by firms like Blackrock Inc (BLK). He compares the current crypto environment to the early internet era, expecting Bitcoin's user base to expand significantly. Scaramucci's bullish stance is reinforced by his firm's resilience through various market downturns and the FTX collapse. He also mentions his upcoming book detailing his experiences.

Portfolio Pulse from Aaron Bry

May 13, 2024 | 5:02 pm