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FXI

China is expected to face a new Covid-19 wave, with cases peaking at 65 million infections per week by the end of June, driven by the XBB variant. The country is rushing to develop new vaccines targeting the variant, with two already receiving preliminary approval and more expected soon.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2023 | 7:15 pm

AMZN

Amazon's U.S. Small Business Empowerment Report reveals that over 60% of sales in Amazon's stores come from independent sellers, mostly small and medium-sized businesses. These sellers sold over 4.1 billion products and averaged over $230,000 in sales in 2022. The report also highlights the creation of an estimated 1.5 million jobs in the U.S. due to selling in Amazon's stores.

Portfolio Pulse from Nabaparna Bhattacharya

May 23, 2023 | 7:07 pm

BPMC

Blueprint Medicines Corporation (NASDAQ:BPMC) received FDA approval for Ayvakit, the first and only treatment for indolent systemic mastocytosis. Analysts from Needham, HC Wainwright, Wedbush, and Barclays have raised their price targets for BPMC, with optimism about Ayvakit's future sales and growth potential.

Portfolio Pulse from Vandana Singh

May 23, 2023 | 7:06 pm

MSFT

NVDA

NVIDIA is integrating its NVIDIA AI Enterprise software into Microsoft's Azure Machine Learning to help enterprises accelerate their AI initiatives. The integration will create a secure, enterprise-ready platform for Azure customers to build, deploy, and manage customized applications using NVIDIA's AI frameworks and tools.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2023 | 7:03 pm

ETHUSD

A rare Bored Ape NFT from the Bored Ape Yacht Club (BAYC) collection sold for 55.01 ETH ($101,572 USD). The BAYC is an exclusive community for holders of ape and mutant-themed NFTs on Ethereum's blockchain. The collection has gained significant influence in 2021, with many celebrities adopting Bored Apes as their profile pictures.

Portfolio Pulse from Benzinga Insights

May 23, 2023 | 7:01 pm

ADDYY

FB

PONGF

A virtual land NFT in Decentraland sold for $1,901, 1.66x the current floor price of 0.62 Ethereum. Interest in metaverse land has increased since Facebook's rebrand to Meta. Major brands like Adidas and Atari have bought virtual land in blockchain-based metaverses such as Decentraland and The Sandbox.

Portfolio Pulse from Benzinga Insights

May 23, 2023 | 7:01 pm

ETHUSD

Bored Ape #2857, an NFT from the Bored Ape Yacht Club (BAYC) collection, sold for 98 ETH ($180,960). BAYC is an exclusive community for holders of ape and mutant-themed NFTs on Ethereum's blockchain. The collection has gained significant influence in 2021, with many celebrities joining the club.

Portfolio Pulse from Benzinga Insights

May 23, 2023 | 7:00 pm

ABBV

MEIP

MEI Pharma announced an update to the Phase 1 study of voruciclib, a cyclin-dependent kinase 9 inhibitor, in patients with relapsed and refractory acute myeloid leukemia (AML) or B-cell malignancies. The results show encouraging clinical activity and good tolerability when combined with AbbVie/Genentech's Venclexta.

Portfolio Pulse from Vandana Singh

May 23, 2023 | 6:49 pm

LEXX

LEXXW

Lexaria Bioscience announced additional findings from its human clinical Study HYPER-H21-4, showing significant reductions in pro-inflammatory biomarkers linked to cardiovascular disease after five weeks of treatment with DehydraTECH-processed CBD capsules. The study's primary efficacy and safety objectives were successfully achieved, with no serious adverse events reported.

Portfolio Pulse from Vandana Singh

May 23, 2023 | 6:41 pm

SPY

California has requested approval from the Biden administration for its plan to phase out new gasoline-only vehicle sales by 2035, aiming to reduce greenhouse gas emissions and promote electric vehicles.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2023 | 6:28 pm