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Regulatory

ETHUSD

Cryptofy Hub forecasts Ethereum (ETH) could reach $10,000 by year-end, citing a rising wedge pattern and strong whale accumulation. Despite typical bearish interpretations of the pattern, the platform remains optimistic. The SEC's approval of the first-ever spot Ether ETFs in the U.S. has also boosted sentiment.

Portfolio Pulse from Aniket Verma

May 31, 2024 | 9:10 am

ABBV

The Committee for Medicinal Products for Human Use (CHMP) has given a positive opinion on AbbVie's SKYRIZI for treating adults with moderately to severely active ulcerative colitis. This decision is based on successful results from two Phase 3 trials, INSPIRE and COMMAND, which met primary and key secondary endpoints.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 7:03 am

AMZN

CRM

META

MSFT

France is making significant strides in AI, supported by major U.S. tech companies like Amazon, Salesforce, and Microsoft. At the Viva Technology conference, French AI firm H raised $220 million in seed funding from investors including Amazon and Eric Schmidt. France aims to become a global AI leader, despite regulatory challenges and competition from the U.K.

Portfolio Pulse from Benzinga Neuro

May 31, 2024 | 6:55 am

REGN

SNY

Sanofi and Regeneron Pharmaceuticals' Dupixent has been recommended for EU approval by the CHMP to treat COPD patients. This recommendation is based on Phase 3 trials showing significant benefits in reducing exacerbations and improving lung function. If approved, Dupixent would be the first targeted therapy for COPD in the EU and the first new treatment for the disease in over a decade.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 6:34 am

AMD

AVGO

China has announced new export restrictions on aviation and aerospace technologies to safeguard national security, effective from July 1. This move follows the U.S. tightening export controls on Chinese firms, including Huawei. The restrictions will impact companies like Broadcom, AMD, and Boeing, which have faced recent sanctions and regulatory reviews in China.

Portfolio Pulse from Benzinga Neuro

May 31, 2024 | 6:32 am

GOOG

GOOGL

Google defends its AI search results, which have faced criticism for delivering bizarre and inaccurate information. Despite the backlash, Google claims higher satisfaction with the new AI Overviews feature and plans to improve it by limiting its appearance for nonsensical queries and adding strong guardrails for sensitive topics.

Portfolio Pulse from Ananya Gairola

May 31, 2024 | 6:03 am

ADAUSD

BLK

SOLUSD

XRPUSD

Ripple CEO Brad Garlinghouse predicts the emergence of ETFs for XRP, Solana, and Cardano, following the approval of Bitcoin and Ethereum spot ETFs. He highlights regulatory challenges and criticizes the SEC's lack of clarity. Ripple's ongoing legal battle with the SEC could impact the approval process for an XRP ETF.

Portfolio Pulse from Benzinga Neuro

May 31, 2024 | 5:57 am

REGN

SNY

The FDA has extended the priority review deadline for Regeneron Pharmaceuticals and Sanofi's Dupixent for treating COPD patients with Type 2 inflammation to September 2024. The extension follows the submission of additional efficacy analyses.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 5:55 am

BTCUSD

Robert F. Kennedy Jr. praised Donald Trump's pro-cryptocurrency stance and expressed hope that President Joe Biden would adopt a similar approach. Kennedy emphasized the importance of transactional freedom and transparency in cryptocurrency, and disclosed his own investments in Bitcoin. He also proposed treating cryptocurrency as a currency rather than taxing it as capital gains.

Portfolio Pulse from Aniket Verma

May 31, 2024 | 4:51 am

COST

DELL

DJT

MDB

TSLA

U.S. markets closed in the red on Thursday with the Dow Jones, S&P 500, and Nasdaq all declining. Key stocks on investors' radars included Trump Media & Technology Group, Costco, Dell, MongoDB, and Tesla. Trump Media saw a notable drop in after-hours trading following a guilty verdict for Donald Trump. Costco reported strong third-quarter revenue, beating expectations. Dell's stock fell despite strong year-to-date performance and upcoming earnings. MongoDB shares plummeted after weak forward guidance. Tesla's stock rose as the company prepares to register its 'Full Self-Driving' software in China.

Portfolio Pulse from Benzinga Neuro

May 31, 2024 | 2:24 am