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ATRA

Atara Biotherapeutics will present preclinical data on ATA3219, an allogeneic CD19-targeted CAR T therapy, at the ISCT 2024 Annual Meeting. ATA3219 shows promising results in depleting CD19-specific B-cells in autoimmune diseases like systemic lupus erythematosus and multiple sclerosis, with lower pro-inflammatory cytokine levels compared to autologous CAR T cells. A Phase 1 study is expected to start in Q4 2024.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 8:02 pm

TMUS

USM

T-Mobile US, Inc. (NASDAQ:TMUS) announced its acquisition of United States Cellular Corp (NYSE:USM) for $4.4 billion, acquiring 4.5 million retail mobile customers and 30% of USM's wireless spectrum. Benchmark analyst Matthew Harrigan reiterated a Buy rating on TMUS with a price target of $200, highlighting the deal's alignment with T-Mobile's M&A strategy. The acquisition is expected to bolster T-Mobile's 5G leadership and market expansion, though it may face antitrust scrutiny.

Portfolio Pulse from Anusuya Lahiri

May 29, 2024 | 7:50 pm

CLOU

LRNZ

SNOW

Needham analyst Mike Cikos reiterated a Buy rating for Snowflake Inc (NYSE:SNOW) with a $210 price target, driven by the company's GenAI initiatives, including the launch of Arctic. Snowflake's open approach and efficiency in model architecture are expected to drive revenue growth. The stock has lost over 6% in the last 12 months, but investors can gain exposure through ETFs like TrueShares Technology, AI & Deep Learning ETF (NYSE:LRNZ) and Global X Cloud Computing ETF (NASDAQ:CLOU).

Portfolio Pulse from Anusuya Lahiri

May 29, 2024 | 7:40 pm

IKNA

Ikena Oncology Inc (NASDAQ:IKNA) has discontinued its IK-930 program and is cutting its workforce by 53%. The company will focus on developing IK-595 and is evaluating strategic options for its pipeline. Analysts have mixed reactions, with William Blair maintaining an Outperform rating and Wedbush downgrading the stock to Neutral.

Portfolio Pulse from Vandana Singh

May 29, 2024 | 7:33 pm

NVDA

Nvidia's stock surged 7% to $1,139 following a $6 billion Series B funding announcement by Elon Musk's AI startup, xAI. The stock has seen a 32% increase in May and a 131% rise year-to-date. A 10-for-1 stock split is scheduled for June 10, potentially broadening Nvidia's investor base.

Portfolio Pulse from Zaheer Anwari

May 29, 2024 | 7:30 pm

BTCUSD

DOGEUSD

ETHUSD

PEPEUSD

SHIBUSD

SOLUSD

BRETT, a meme coin inspired by the 'Boys Club' comic series, aims to become the leading meme coin on the Base blockchain. Crash, a representative of the BRETT community, expressed high expectations for its market performance, drawing parallels to the success of Shiba Inu and WIF on their respective blockchains. The decentralized nature of BRETT and its strong community support are highlighted as key factors for its potential growth.

Portfolio Pulse from Murtuza Merchant

May 29, 2024 | 7:20 pm

LMT

The U.S. State Department has approved a potential $1.05 billion foreign military sale to Austria for UH-60M Blackhawk helicopters and related support.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 7:13 pm

AAPL

GOOGL

Apple is reportedly working on a TV+ app for Android phones and is seeking a Senior Android Engineer to help build the new app, according to Bloomberg.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 7:12 pm

LLY

The FDA has granted accelerated approval to Eli Lilly's (NYSE:LLY) drug selpercatinib (Retevmo) for pediatric patients with certain RET mutations in thyroid cancer. This marks the first FDA approval of targeted therapy for pediatric patients under 12 years of age with RET alterations. The approval is based on the LIBRETTO-121 study, which showed a confirmed overall response rate (ORR) of 48% and durable responses in pediatric and young adult patients.

Portfolio Pulse from Vandana Singh

May 29, 2024 | 7:02 pm

BATT

CPER

LAC

LIT

PLL

WBAT

The growing adoption of hybrid electric vehicles (HEVs) is set to impact the demand for key raw materials like lithium, rare earths, copper, and aluminum. While lithium and rare earths may see a decline in demand due to lower battery electric vehicle (BEV) sales, copper demand is expected to rise. ETFs such as LIT, BATT, WBAT, and CPER, along with companies like Lithium Americas Corp, Piedmont Lithium Inc, and MP Materials Corp, are directly affected by these shifts.

Portfolio Pulse from Surbhi Jain

May 29, 2024 | 6:47 pm