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ABL

Abacus Life, Inc. (NASDAQ:ABL) has announced a new national distribution agreement with AIMCOR, a major insurance marketing organization. Abacus will become a preferred partner for life settlement solutions within AIMCOR's extensive network.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 12:41 pm

CELU

Celularity presented data on its T-Cell therapy platform at the ASCO Annual Meeting, highlighting the potent activity of PT-CD16VS and its potential for combination with monoclonal antibodies to target multiple cancers.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 12:39 pm

INDP

Indaptus Therapeutics announced new data from its ongoing Phase 1 trial of Decoy20, showing rapid clearance, broad immune activation, and an encouraging safety profile. The data were presented at the ASCO Annual Meeting.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 12:39 pm

LNTH

Lantheus Holdings' AI-enabled aPROMISE platform is now available on Siemens Healthineers' platform, potentially expanding its market reach and adoption.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 12:39 pm

CYCC

CYCCP

Cyclacel Pharmaceuticals presented new clinical, pharmacokinetic, and pharmacodynamic data on their novel CDK2/9 inhibitor, fadraciclib, at the 2024 ASCO Annual Meeting. The data supports ongoing studies in patients with solid tumors and lymphoma.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 12:38 pm

AMD

ARM

IRBO

SPDW

Arm Holdings Plc (NASDAQ:ARM) stock is trading higher on Monday following a broader sector selloff on Friday due to U.S. government sanctions on the Middle East regarding AI chips. CEO Rene Haas expects 100 billion Arm devices to be AI-ready by the end of 2025. Analysts remain bullish on Arm, citing licensing interest and royalty as key growth drivers. Arm plans to debut its AI chip in 2025. Advanced Micro Devices, Inc (NASDAQ:AMD) hinted at launching next-gen AI PCs, sparking rivalry with Arm. Investors can gain exposure to Arm via iShares Robotics And Artificial Intelligence Multisector ETF (NYSE:IRBO) and SPDR Portfolio Developed World Ex-US ETF (NYSE:SPDW).

Portfolio Pulse from Anusuya Lahiri

June 03, 2024 | 12:38 pm

DELL

HPQ

NVDA

Dell Technologies Inc (NYSE:DELL) reported strong first-quarter revenue growth but disappointed Wall Street with low margins on AI servers, causing shares to drop. Despite surpassing revenue estimates, earnings lagged, and concerns were raised about the profitability of Dell's AI initiatives. HP Inc (NYSE:HPQ) also reported its fiscal second-quarter results, showing a slight decline in sales but an increase in earnings. Nvidia Corporation (NASDAQ:NVDA) was mentioned as a key partner for Dell's AI servers, with supply issues impacting Dell's performance.

Portfolio Pulse from Upwallstreet

June 03, 2024 | 12:37 pm

VLN

Valens Semiconductor (NYSE:VLN) has acquired Acroname for $7.8 million in cash, plus $1.3 million held by Acroname at closing. The acquisition aims to enhance Valens' position in the industrial market with a comprehensive USB-focused offering. The deal includes potential earn-out payments up to $7.2 million based on future performance targets.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 12:37 pm

VMAR

Vision Marine Technologies has filed its fifth patent on a vehicle control unit, which is expected to enhance the performance and safety of its electric boats.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 12:37 pm

LCID

TSLA

Popular tech YouTuber Marques Brownlee (MKBHD) praised Lucid Motors' Sapphire variant of its Air sedan, highlighting its superior driving dynamics, range, and acceleration compared to Tesla's Model S Plaid. Despite Lucid's financial challenges, CEO Peter Rawlinson believes Lucid is poised to advance EV technology as Tesla appears distracted.

Portfolio Pulse from Anan Ashraf

June 03, 2024 | 12:36 pm