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EADSY

Airbus SE (OTC:EADSY) has received a record commercial order for 500 A320 aircraft, valued at $55 billion, from Indian budget airliner IndiGo. The surge in orders has left aircraft manufacturers like Airbus and Boeing (NYSE:BA) with production issues, including supply of engines, chips, and workers. The travel industry is experiencing pent-up demand as air travel restrictions are lifted.

Portfolio Pulse from Shanthi Rexaline

June 25, 2023 | 2:27 pm

MLTX

MoonLake Immunotherapeutics (NASDAQ:MLTX) announced positive top-line results from its Phase 2 MIRA trial evaluating the efficacy and safety of sonelokimab in patients with moderate-to-severe hidradenitis suppurativa (HS). The trial met its primary endpoint, HISCR75, with a 29 percentage points delta vs placebo at week 12 (P=0.0002).

Portfolio Pulse from Charles Gross

June 25, 2023 | 1:10 pm

AMZN

Amazon has postponed the launch of its virtual care services across all 50 states due to privacy concerns raised by Senators Peter Welch and Elizabeth Warren. The Senators expressed concerns about Amazon 'harvesting' health data from patients and requested more transparency about the company's data practices.

Portfolio Pulse from Benzinga Newsbot

June 25, 2023 | 12:40 pm

LLY

PFE

Pharmaceutical companies Novo Nordisk, Eli Lilly, and Pfizer are developing pill versions of injectable weight-loss drugs like Ozempic to appeal to needle-averse patients and potentially cost less. Novo Nordisk is leading the race with a tablet form of semaglutide, a key ingredient in Ozempic, and plans to seek approval from US and European regulators later this year.

Portfolio Pulse from Benzinga Newsbot

June 25, 2023 | 12:21 pm

AAPL

HNHPF

Apple's stock hit an all-time high of $187.56, giving the company a market cap of $2.936 trillion. Fairlead Strategies set a price target of $254 for Apple by the end of 2024, which would result in a $4 trillion market cap. The company is expected to benefit from the iPhone 15 cycle, acceleration in its Services business, and its mixed-reality headset Vision Pro.

Portfolio Pulse from Shanthi Rexaline

June 24, 2023 | 11:07 pm

FFIE

FSR

NKLA

RIDE

RIVN

TSLA

EV stocks moved down in the week ending on June 23, with Tesla Cybertruck sightings increasing and Rivian partnering with Tesla for charging. Nikola faced a fire incident, Ford received $9.2B DOE funding, and Fisker began US deliveries. Lordstown founder sold his entire stake, and Faraday Future delayed deliveries.

Portfolio Pulse from Shanthi Rexaline

June 24, 2023 | 2:13 pm

AMZN

DIS

NVDA

TSLA

The S&P 500 and Nasdaq ended their multiple week long winning streaks, falling by 1.4% each. Tesla's charging partnership with General Motors and Ford is seen as a big opportunity for the EV industry. Amazon launches a Generative AI Innovation Center, while Boeing receives fresh orders from China Airlines and Air Algérie. NVIDIA's stock chart shows a bearish pattern, and Disney faces a lawsuit over a popular franchise.

Portfolio Pulse from Michael Cohen

June 24, 2023 | 1:32 pm

DOGEUSD

FLOKIUSD

PEPEUSD

SHIBUSD

This week in meme coins saw Elon Musk following Ethereum co-founder Vitalik Buterin on Twitter, Slim Jim entering the metaverse, legal changes in a Dogecoin lawsuit, and surges in Floki and Pepe Coin. Top meme coins' performance varied, with Dogecoin up 8.28%, Shiba Inu up 14.90%, Pepe up 61.98%, Floki up 19.47%, and Bone ShibaSwap up 13.71%.

Portfolio Pulse from Benzinga Newsbot

June 24, 2023 | 11:06 am

LLY

A clinical trial has shown that Mounjaro, a diabetes drug developed by Eli Lilly and Co. (NYSE:LLY), could be a more potent weight loss drug than Ozempic. The drug has shown potential in reducing the risk of chronic diseases and putting diabetes into remission. However, access to Mounjaro is limited due to its high cost and lack of insurance coverage.

Portfolio Pulse from Benzinga Newsbot

June 24, 2023 | 11:03 am

SNAP

TSLA

This week in AI saw OpenAI's ChatGPT outperforming 70% of top US equity funds, Tesla's new AI Twitter account, AI's growing influence in political campaigning, Bill Gates expressing optimism about AI in education, and Snapchat's MyAI chatbot potentially improving advertisements on the platform.

Portfolio Pulse from Benzinga Newsbot

June 24, 2023 | 10:42 am