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NVO

A study published in JAMA Network Open suggests a potential link between Novo Nordisk's GLP-1 drugs, Ozempic and Wegovy, and increased suicidal thoughts. The study found a higher incidence of suicidal ideation with semaglutide compared to other medications, though the overall rate was small. The study did not find an increased rate of severe behaviors like suicide attempts. The findings suggest a possible interaction with psychiatric conditions, warranting further investigation. Novo Nordisk's stock saw a slight decline following the news.

Portfolio Pulse from Vandana Singh

August 20, 2024 | 6:06 pm

SOLUSD

The likelihood of a Solana-based ETF being approved in 2024 is very low, with only a 6% chance according to Bloomberg's Eric Balchunas. The SEC's rejection of Cboe BZX's filings for Solana ETFs and regulatory concerns about classifying Solana as a security contribute to this pessimistic outlook.

Portfolio Pulse from Murtuza Merchant

August 20, 2024 | 6:03 pm

AAL

DAL

EWC

UAL

The Canada Border Services Agency reported a partial systems outage affecting airports, which may impact airlines operating in Canada. The agency is working to resolve the issue.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 5:57 pm

CMCSA

Kendall Jenner revealed her regular marijuana use on a podcast, marking the first time she publicly discussed this aspect of her life. This follows a trend of open discussions about substance use within the Kardashian-Jenner family, including Kim Kardashian's past drug experiences shared on Comcast's 'Keeping Up with the Kardashians.'

Portfolio Pulse from Franca Quarneti

August 20, 2024 | 5:51 pm

PANW

TLT

UUP

Wall Street experienced a downturn with all major U.S. indices trading in the red. The S&P 500 and Nasdaq 100 are at risk of ending their eight-day winning streak. The U.S. dollar fell to an eight-month low, impacting the Invesco DB USD Index Bullish Fund ETF (UUP). Treasury yields declined, benefiting the iShares 20+ Year Treasury Bond ETF (TLT). Notable stock movements included Palo Alto Networks' 8.6% rise due to strong earnings, while Boeing fell over 4% after grounding its 777X test fleet.

Portfolio Pulse from Piero Cingari

August 20, 2024 | 5:45 pm

NVDA

Nvidia Corp (NASDAQ:NVDA) stock traded lower on Tuesday as investors engaged in profit booking after a 193% gain over the past year. Analysts continue to view Nvidia as a key player in AI, with new innovations in gaming and weather forecasting. Oppenheimer analyst Rick Schafer reiterated an Outperform rating with a $150 price target, citing Nvidia's strong AI ecosystem and growth potential.

Portfolio Pulse from Anusuya Lahiri

August 20, 2024 | 5:44 pm

PYPL

PayPal shares rise following positive analyst coverage from JPMorgan, which raised its price target to $80. PayPal announced an expanded partnership with Adyen to enhance guest checkout experiences, aiming for global expansion.

Portfolio Pulse from Adam Eckert

August 20, 2024 | 5:40 pm

FXI

PDD

Shein has filed a lawsuit against Temu for copyright infringement, alleging that Temu has been using Shein's copyrighted images and designs without permission. This legal action could impact the competitive dynamics between the two companies.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 5:36 pm

AMD

BILL

CORZ

DELL

MSFT

NVDA

OKTA

PANW

SMCI

TSM

The article highlights unusual options activity for several information technology stocks, indicating potential trading opportunities. Notable mentions include bullish sentiment for NVDA, DELL, CORZ, BILL, and PANW, while AMD, TSM, SMCI, OKTA, and MSFT show bearish sentiment.

Portfolio Pulse from Benzinga Insights

August 20, 2024 | 5:35 pm