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PVH

PVH Corp. announced that its unit, Tommy Hilfiger, has entered into a milestone global partnership with the U.S. SailGP Team. The partnership will commence with the league's 2025 season.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2024 | 11:20 am

ARVN

Arvinas presented new preclinical data for its investigational BCL6 PROTAC degrader ARV-393, showing anti-tumor activity in B-cell lymphoma models. The data suggest potential for ARV-393 as a treatment for non-Hodgkin lymphoma.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2024 | 11:16 am

CLNN

Clene presented preliminary data for CNM-Au8 as a potential treatment for Rett Syndrome at the International Rett Syndrome Foundation 2024 Annual Meeting. CNM-Au8 targets energy metabolism in nervous system cells to enhance neuronal survival and function.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2024 | 11:13 am

AAPL

AMZN

SAN

Banco Santander is nearing a deal with Amazon to provide consumer loans for European buyers, starting in Germany. This partnership aims to boost Santander's digital consumer finance business and is expected to generate significant revenue. Santander recently announced a similar deal with Apple.

Portfolio Pulse from Shivani Kumaresan

June 21, 2024 | 11:13 am

OCGN

Ocugen has received approval from the Data and Safety Monitoring Board (DSMB) to enroll patients in the high dose cohort 3 of its Gardian study for Stargardt disease. The medium dose has been established as safe and tolerable in the ongoing OCU410ST clinical trial.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2024 | 11:05 am

BMY

The European Medicines Agency has validated Bristol Myers Squibb's application to introduce a subcutaneous administration for Opdivo (Nivolumab) and a new strength (600 mg/vial) for multiple previously approved adult solid tumor indications. This validation is based on results from the CheckMate -67T Phase 3 trial.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2024 | 11:03 am

PLUG

Plug Power has secured a 25 MW PEM electrolyzer deal with a major European customer, involving five of its 5 MW containerized PEM electrolyzers. This deal highlights Plug Power's expertise in deploying and operating PEM electrolyzer systems globally.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2024 | 11:03 am

MCHP

VTI

XLK

Microchip Technology (NASDAQ:MCHP) stock saw a recovery on Friday after a selloff on Thursday. The company announced that its JAN transistors are now qualified for Military-Standard Enhanced Low Dose Radiation Sensitivity (ELDRS) requirements. Microchip has a strong legacy in aerospace and defense, with dedicated facilities in Ennis, Ireland, and Lawrence, Massachusetts. Analysts expect a rebound in the analog industry. MCHP shares traded higher by 2.00% at $90.80 premarket on Friday. Investors can also gain exposure through Vanguard Total Stock Market ETF (NYSE:VTI) and SPDR Select Sector Fund – Technology (NYSE:XLK).

Portfolio Pulse from Anusuya Lahiri

June 21, 2024 | 10:52 am

EL

Estee Lauder Companies is expanding its reach by launching Bumble and bumble products in the U.S. Amazon Premium Beauty store. This move aims to bring high-performing hairstyling products to a broader audience, with Prime members benefiting from fast, free shipping.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2024 | 10:49 am

IWM

RKLB

XAR

Rocket Lab USA (NASDAQ:RKLB) launched its 50th Electron mission, deploying satellites for French IoT company Kinéis. The stock is trading higher on Friday. The mission is the first of five dedicated launches for Kinéis, backed by CNES and CLS, to improve global IoT connectivity. Rocket Lab has deployed 190 satellites across 50 launches for various customers, including NASA and the National Reconnaissance Office. The company also announced a ten-launch deal with Synspective. RKLB stock lost 19% in the last 12 months but is trading higher by 1.67% premarket. Investors can gain exposure via SPDR S&P Aerospace & Defense ETF (NYSE:XAR) and iShares Russell 2000 ETF (NYSE:IWM).

Portfolio Pulse from Anusuya Lahiri

June 21, 2024 | 10:22 am