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AAPL

SONY

China's smartphone market showed positive signs of recovery in May, with shipments growing 22.6% during the 6.18 shopping festival. Phone makers shipped 25.2 million handsets, an increase of over 4 million units compared to the same period last year. However, major smartphone hardware supplier Sony Group Corp warned that they don't expect demand to fully recover this year.

Portfolio Pulse from Lekha Gupta

June 26, 2023 | 2:20 pm

SPOT

AEG Presents, Spotify, and Gold House hosted the Gold House Music Futures Showcase to support the advancement of API talent in the music industry. The event featured performances by three rising API musicians and provided them with opportunities to record and release Spotify Singles and participate in masterclass experiences.

Portfolio Pulse from Happy Mohamed

June 26, 2023 | 2:18 pm

NVDA

Nvidia's GeForce RTX 4060 launch showcases the company's AI investments, particularly deep learning super sampling (DLSS), which significantly improves gaming performance. Gaming remains a major revenue source for Nvidia, generating billions of dollars quarterly.

Portfolio Pulse from Anusuya Lahiri

June 26, 2023 | 2:11 pm

PHVS

The FDA has lifted the clinical hold on Pharvaris' Investigational New Drug application for deucrictibant, a treatment for hereditary angioedema, causing the company's shares to trade higher.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2023 | 2:07 pm

ENVB

Enveric Biosciences (NASDAQ:ENVB) has developed an improved formulation of its psilocin prodrug EB-373 for anxiety disorder treatment. The optimized, phase 1-ready formulation utilizes a novel salt form, enhancing scalability, stability, and delivery for ongoing preclinical studies and planned clinical development.

Portfolio Pulse from Vuk Zdinjak

June 26, 2023 | 1:59 pm

AMZN

APO

DB

GS

HSBC

LCID

PFE

The Federal Reserve is set to release stress test results for 23 banks, with expectations of sufficient capital levels. Deutsche Bank faces challenges with clients' missing Russian shares. Amazon plans to invest $26 billion in India by 2030. Lucid Group partners with Aston Martin for EV technology. Virgin Galactic announces its first commercial spaceflight crew. Pfizer discontinues one weight loss candidate while continuing another. XPeng plans to unveil its G6 Ultra Smart Coupe SUV. HSBC will exit Canary Wharf and set up a new HQ. Goldman Sachs begins laying off managing directors. Apollo backs Wolfspeed with $2 billion for expansion. JD.com plans to create an autonomous division.

Portfolio Pulse from Vandana Singh

June 26, 2023 | 1:54 pm

IMMX

Immix Biopharma subsidiary Nexcella has completed a Pre-IND meeting with the FDA for NXC-201, a BCMA-targeted CAR-T cell therapy for relapsed/refractory multiple myeloma and AL amyloidosis. The FDA provided guidance and recommendations for the development plan of NXC-201.

Portfolio Pulse from Happy Mohamed

June 26, 2023 | 1:49 pm

NVO

PFE

Pfizer has decided to continue the clinical development of danuglipron for adults with obesity and Type 2 diabetes mellitus, while discontinuing the development of lotiglipron due to pharmacokinetic data and elevated liver enzymes. This announcement is seen as incrementally negative for Pfizer's weight loss drugs. Demand for Novo Nordisk's Wegovy and Ozempic has soared recently.

Portfolio Pulse from Vandana Singh

June 26, 2023 | 1:47 pm

AVCNF

MEDIF

Avicanna Inc. (AVCNF) extends its strategic manufacturing agreement with Medipharm Labs Inc. (MEDIF) for the commercialization of Avicanna's proprietary cannabinoid-based self-emulsifying drug delivery systems (SEDDS) technology capsules in Canadian and international markets. The capsules will be commercialized under the RHO Phyto brand and MediPharm Labs brand.

Portfolio Pulse from Vuk Zdinjak

June 26, 2023 | 1:37 pm

CHWY

Chewy (NYSE: CHWY) has expanded its CarePlus pet insurance and wellness offerings nationwide, featuring coverage options and price points from Lemonade Pet and Trupanion. The plans are now available across the U.S., including California, Florida, New York, and Washington, catering to Chewy's 20 million+ customers.

Portfolio Pulse from Happy Mohamed

June 26, 2023 | 1:33 pm