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TLT

ZROZ

Long-dated U.S. Treasuries are rallying due to weak economic data, leading to increased expectations of a Federal Reserve rate cut in September. The iShares 20+ Year Treasury Bond ETF (TLT) and Pimco 25 Year Zero Coupon U.S. Treasury Index ETF (ZROZ) have seen significant gains, breaking key technical levels.

Portfolio Pulse from Piero Cingari

June 04, 2024 | 4:19 pm

VSTE

Vast Renewables Limited (NASDAQ: VSTE) has received planning consent for Solar Methanol 1 (SM1), a CSP-powered reference plant in Port Augusta, South Australia, that will produce 7,500 tonnes of green methanol annually. The project, co-developed with Mabanaft GmbH & Co. KG, aims to decarbonize shipping and support South Australia's hydrogen industry. The project has secured funding from the Australian Renewable Energy Agency (ARENA) and Projektträger Jülich (PtJ) as part of the HyGATE collaboration between Australia and Germany.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 4:17 pm

ANNX

Annexon Inc (NASDAQ:ANNX) announced positive topline results from its Phase 3 trial for ANX005 in treating Guillain-Barré syndrome (GBS). The trial met its primary endpoint, showing significant improvement in the GBS-disability scale and other key secondary endpoints. ANNX shares rose by 31.07% following the news.

Portfolio Pulse from Vandana Singh

June 04, 2024 | 4:06 pm

EIS

ISRA

SPY

USO

The White House has announced that Hamas has not yet responded to an Israeli proposal for a hostage deal. The U.S. government will continue to work with Israeli Prime Minister Netanyahu to finalize the proposal.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 4:03 pm

BMY

Bristol Myers Squibb (NYSE:BMY) announced positive Phase 3 results for its Opdivo/Yervoy combination in treating liver cancer, showing significant improvements in overall survival and response rates compared to lenvatinib or sorafenib.

Portfolio Pulse from Vandana Singh

June 04, 2024 | 3:35 pm

MSTR

SMLR

Corporations are increasingly adopting Bitcoin as a hedge against traditional financial risks and to benefit from its potential value increase. The FASB's new rule change on Bitcoin accounting, the approval of spot Bitcoin ETFs, and the success of MicroStrategy's Bitcoin strategy are key drivers. Companies like Semler Scientific (SMLR) are following this trend, leading to significant stock price increases.

Portfolio Pulse from David Waugh

June 04, 2024 | 3:28 pm

EWW

Mexican President reassures that the sharp drop in Mexican markets on Monday will normalize soon.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 3:21 pm

ICE

NYSE American Options is investigating a reported proprietary market data issue affecting a subset of symbols on trading unit TXN-6.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 2:44 pm

INDY

PIN

The Indian stock market experienced its largest drop since March 2020 due to predictions that Prime Minister Narendra Modi's coalition will lose its majority in Parliament. The Nifty 50 index fell by 5.9%, and US-based ETFs tracking Indian stocks, such as iShares India 50 ETF (INDY) and Invesco India ETF (PIN), also saw significant declines.

Portfolio Pulse from Piero Cingari

June 04, 2024 | 2:42 pm

FNF

Fidelity Investments (NYSE:FNF) is pressuring ETF firms to pay for listing and maintaining their products on its platform, potentially charging investors if no agreement is reached. This move could increase expenses in the cost-conscious ETF market and stifle innovation.

Portfolio Pulse from Benzinga Neuro

June 04, 2024 | 2:28 pm