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SOFI

SoFi Technologies, Inc. (NASDAQ:SOFI) shares are volatile after the U.S. Supreme Court blocked President Joe Biden's plan to cancel $430 billion in student debt. The decision could impact SoFi's student loan refinancing business. Despite this, SoFi shares have risen over 22% since the agreement on the debt ceiling deal and the stock was the top trending ticker on StockTwits.

Portfolio Pulse from Erica Kollmann

June 30, 2023 | 4:02 pm

SPY

The U.S. Supreme Court is set to hear the Biden administration's defense of the Securities and Exchange Commission's (SEC) in-house adjudications. The case could have significant implications for the SEC's enforcement powers.

Portfolio Pulse from Happy Mohamed

June 30, 2023 | 4:01 pm

BXRX

CNVS

CYT

RNLX

ROOT

UNCY

U.S. stocks traded higher with the Nasdaq Composite gaining over 1%. The Core Personal Consumption Expenditure (PCE) price index rose 4.6% YoY in May 2023, slightly down from the expected 4.7%. Renalytix Plc, Baudax Bio, Inc., and Cyteir Therapeutics, Inc. saw their shares rise after various positive developments. Unicycive Therapeutics, Inc., Root, Inc., and Cineverse Corp. saw their shares drop due to various negative developments.

Portfolio Pulse from Lisa Levin

June 30, 2023 | 4:01 pm

SOFI

Wedbush has issued a note stating that the Supreme Court's strike down of Biden's debt relief is already reflected in the valuation of SoFi Technologies. The firm maintains an underperform rating and a $3 price target for SoFi.

Portfolio Pulse from Happy Mohamed

June 30, 2023 | 4:00 pm

EWQ

SNAP

Snapchat has announced a zero-tolerance policy towards content that promotes violence or hatred, in response to the recent riots in France.

Portfolio Pulse from Happy Mohamed

June 30, 2023 | 3:58 pm

FB

U.S. Senators have sent a letter to Mark Zuckerberg, the CEO of Meta Platforms Inc., expressing their concerns over Instagram facilitating child sexual abuse material. The senators are demanding an explanation and immediate action to rectify the situation.

Portfolio Pulse from Happy Mohamed

June 30, 2023 | 3:50 pm

EWZ

Brazil's electoral court is set to bar former President Jair Bolsonaro from seeking public office for the next eight years due to violations of election laws. Bolsonaro is expected to appeal the ruling, but he faces multiple other legal challenges that could also block him from the presidency. The decision could significantly impact Brazil's political landscape and the country's far-right movement.

Portfolio Pulse from Happy Mohamed

June 30, 2023 | 3:46 pm

NKLA

Nikola Corporation (NASDAQ:NKLA) shares are climbing higher on Friday after the company announced it had regained compliance with the Nasdaq listing rules. The company received written notice from Nasdaq stating it had regained compliance with Nasdaq Listing Rule 5450(a)(1), which requires that companies listed on the Nasdaq Global Select Market maintain a minimum bid price of $1.00 per share. The closing bid price of NKLA common stock was $1/share or greater from June 14 to 28.

Portfolio Pulse from Erica Kollmann

June 30, 2023 | 3:43 pm

MDGL

Madrigal Pharmaceuticals has announced the rolling submission of a New Drug Application to the FDA for accelerated approval of resmetirom, a treatment for NASH with liver fibrosis. This has led to a rise in the company's share prices.

Portfolio Pulse from Benzinga Newsdesk

June 30, 2023 | 3:31 pm

NKLA

Nikola Corporation has regained Nasdaq listing compliance, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

June 30, 2023 | 3:30 pm