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VALN

Valneva has received a positive opinion from the Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency (EMA) for its Chikungunya vaccine, IXCHIQ. This could potentially make it the first EU-approved Chikungunya vaccine, with a final decision expected in Q3 2024.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 3:36 pm

DASH

FI

FL

GME

NFLX

Benzinga's Stock Whisper Index for the week of May 31 highlights five stocks: DoorDash, Fiserv, Foot Locker, Netflix, and GameStop. These stocks have seen increased investor interest due to various factors such as financial results, partnerships, and new content releases.

Portfolio Pulse from Chris Katje

May 31, 2024 | 3:34 pm

NVS

Novartis AG (NYSE:NVS) released new data showing the long-term efficacy and safety of remibrutinib for chronic spontaneous urticaria (CSU) and Scemblix for chronic myeloid leukemia. Remibrutinib showed significant symptom improvement and safety up to 52 weeks, while Scemblix demonstrated superior major molecular response rates compared to standard-of-care treatments.

Portfolio Pulse from Vandana Singh

May 31, 2024 | 3:02 pm

MRNA

Moderna's mRESVIA, the only single-dose pre-filled syringe RSV vaccine, has been approved by the FDA for adults aged 60 and older.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 3:00 pm

DJT

RUM

Donald Trump held a press conference, which was streamed on Rumble. This event could have implications for companies associated with Trump and the platform used for the broadcast.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 2:58 pm

IYG

MA

SYF

XLF

Mastercard and Ant Group have launched the International Consumer Friendly Zones program in Shanghai, aiming to enhance the travel experience for global travelers and stimulate local business growth in China. The program will expand to 16 major Chinese cities, following successful rollouts in Beijing and Guangzhou. Mastercard also inaugurated a European Cyber Resilience Centre and signed a multi-year agreement with Synchrony Financial and Virgin Red for a new credit card program.

Portfolio Pulse from Lekha Gupta

May 31, 2024 | 2:55 pm

NIO

Nio Power, a segment of Nio Inc. (NYSE:NIO), has secured a $207 million investment led by Wuhan Guangchuang Emerging Technology Venture Capital Fund Phase I. The funds will support Nio Power's expansion in charging, battery swapping, energy storage, and related services. Nio Inc. did not disclose the valuation or share details. The investment aims to optimize Nio Power's capital structure and support long-term development. Nio's charging infrastructure, which serves a significant number of non-Nio users, is set to expand further, reinforcing its position as a leading network in China.

Portfolio Pulse from Nabaparna Bhattacharya

May 31, 2024 | 2:50 pm

MDLZ

Mondelez International Inc (NASDAQ:MDLZ) has resumed production of Oreo cookies in Ukraine after rebuilding its factory in Trostyanets, which was damaged during Russia's invasion. The company continues to operate in Russia despite boycotts and aims to make its Russian business self-sufficient by the end of 2023. Mondelez's products from Ukraine are being exported to Eurasian countries and sold domestically. The company faces shareholder pressure to assess the risks of continuing operations in Russia.

Portfolio Pulse from Shivani Kumaresan

May 31, 2024 | 2:45 pm

CMG

DNUT

MCD

WING

Krispy Kreme Inc. (NASDAQ:DNUT) is aiming to overcome market challenges and position itself as a dominant player in the fast-food industry. The company has formed a strategic partnership with McDonald’s Corp (NYSE:MCD) to roll out its donuts nationwide starting in the second half of 2024. Despite current stock price lows and market fears surrounding weight loss trends, analysts see significant growth potential, drawing parallels with Wingstop Inc (NASDAQ:WING) and Chipotle Mexican Grill Inc (NYSE:CMG).

Portfolio Pulse from Surbhi Jain

May 31, 2024 | 2:44 pm

AAPL

GOOGL

META

MSFT

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo for May 31st, 2024, provides a detailed analysis of SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA. The memo outlines key price levels for bullish and bearish scenarios for each asset. Additionally, the release of the Personal Consumption Expenditures (PCE) Deflator, end-of-month flows, and weekly options expirations are expected to influence today's trading session.

Portfolio Pulse from RIPS

May 31, 2024 | 2:41 pm