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GSK

PFE

SNY

GSK Plc and other pharmaceutical companies, including Pfizer and Sanofi, are seeking to halt over 70,000 lawsuits related to the heartburn drug Zantac, with support from major U.S. industry groups. These groups argue that allowing the lawsuits to proceed could harm Delaware's business-friendly reputation and judicial consistency.

Portfolio Pulse from Vandana Singh

June 20, 2024 | 6:03 pm

TNXP

Tonix Pharmaceuticals shares are trading higher following the receipt of formal minutes from a pre-New Drug Application Type-B Chemistry, Manufacturing, and Controls meeting with the FDA for Tonmya, a treatment for fibromyalgia.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 5:59 pm

BBLG

Bone Biologics shares are trading lower after the company announced the treatment of the first two patients in a clinical study of its NB1 bone graft device.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 5:54 pm

GOOGL

TSLA

RBC Capital Markets lowered its price target on Tesla (TSLA) due to a reduced valuation of its robotaxi segment. Despite this, Tesla's upcoming Robotaxi Day is expected to reignite interest in the autonomous vehicle market, particularly benefiting Alphabet's (GOOGL) Waymo. Tesla's robotaxi segment remains a significant valuation driver, and analysts are keenly watching the revenue share strategies.

Portfolio Pulse from Erica Kollmann

June 20, 2024 | 5:54 pm

AMPX

Amprius Technologies shares are trading higher following the announcement of a strategic initiative to increase global production capacity of its SiCore offering through new manufacturing partnerships.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 5:52 pm

NVDA

RIVN

WKSP

Rivian Automotive has redesigned its R1 pickup and SUV models using Nvidia chips, enhancing range, performance, and computing power. Rivian also plans to launch a less-expensive EV in 2026. Worksport reported record sales in May and introduced a solar-powered tonneau cover for electric pickups. Despite an EV market slowdown, innovation continues.

Portfolio Pulse from Upwallstreet

June 20, 2024 | 5:50 pm

AMD

GILD

GLD

SOXX

TLT

XLE

The S&P 500 and Nasdaq 100 indices dipped from record highs due to profit-taking in chipmaker stocks and rising Treasury yields. The iShares Semiconductor ETF (SOXX) fell 2.4%, while the Energy Select Sector SPDR Fund (XLE) rose 1.8% amid surging oil prices. Long-dated Treasury yields increased, impacting the iShares 20+ Year Treasury Bond ETF (TLT), which fell 0.9%. Gold prices rose, tracked by the SPDR Gold Trust (GLD). Nvidia, Qualcomm, Micron, and Wolfspeed saw declines, while AMD surged nearly 4% due to a new partnership. Gilead Sciences soared over 8% following positive trial results for an HIV prevention injection.

Portfolio Pulse from Piero Cingari

June 20, 2024 | 5:41 pm

UAL

United Airlines expects a record-breaking July 4 weekend in 2024, with over 5 million passengers flying between June 28 and July 8. The airline anticipates more than 520,000 daily flyers and over 4,400 flights per day.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 5:41 pm

NNVC

NanoViricides shares are trading higher after the company announced that its ultra-broad-spectrum antiviral NV-387 was found to be effective in protecting lungs from damage in a lethally infected Influenza A H3N2 mouse model.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 5:40 pm

VMAR

Vision Marine Technologies shares are trading higher following the announcement of a partnership with JetRide Holding to expand in the electric boat rental market.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 5:39 pm