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Chinese stocks are trading lower after China's central bank cut its one-year loan prime rate and five-year rate to stimulate economic recovery.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2023 | 3:23 pm

GERN

Geron's stock is trading higher after submitting an FDA application for imetelstat, a treatment for transfusion-dependent anemia in adult patients with low- to intermediate-1 risk myelodysplastic syndromes.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2023 | 2:58 pm

AMZN

Senator Bernie Sanders has launched a Senate investigation into Amazon's labor practices, focusing on working conditions in warehouses, injury rates, turnover, and adherence to safety recommendations. Amazon has been criticized for its anti-union stance and high injury rates.

Portfolio Pulse from Happy Mohamed

June 20, 2023 | 2:47 pm

ACLX

Arcellx Inc's (ACLX) stock is down 8.50% after the FDA placed a clinical hold on the company's multiple myeloma phase 2 trial due to a patient death. Arcellx is working with the FDA to expand patient options and is confident in CART-ddBCMA as a potential leading therapy for rrMM.

Portfolio Pulse from Henry Khederian

June 20, 2023 | 2:04 pm

CDTX

Cidara Therapeutics will present preclinical data on its CD73-targeting drug-Fc conjugate (DFC) CD421 and Cloudbreak platform at the Adenosine-Pathway Targeted Cancer Immunotherapy Summit. The company believes CD421 can serve as a beneficial alternative treatment option for cancer patients.

Portfolio Pulse from Happy Mohamed

June 20, 2023 | 2:04 pm

ABT

MDT

SRDX

The FDA has approved Surmodics Inc's SurVeil drug-coated balloon (DCB) for peripheral artery disease. Abbott Laboratories has exclusive worldwide commercialization rights for the SurVeil DCB, and Surmodics will receive a $27 million milestone payment from Abbott.

Portfolio Pulse from Vandana Singh

June 20, 2023 | 1:54 pm

SPY

Fed Chair Jerome Powell is set to testify before Congress after the Federal Reserve paused interest rate hikes. The hearings will address the Fed's recent actions and policy decisions, including the impact of the failures of Silicon Valley Bank and Signature Bank.

Portfolio Pulse from Piero Cingari

June 20, 2023 | 1:42 pm

SPY

VGK

The Russian Foreign Ministry stated that the U.N. confirmed it cannot help reconnect Russian Agro Bank to the SWIFT payment system or restart the ammonia pipeline in the context of the Black Sea grain deal.

Portfolio Pulse from Happy Mohamed

June 20, 2023 | 1:37 pm

KHC

Kraft Heinz Co (KHC) has set a long-term organic net sales growth target of +2-3% according to a recent SEC filing.

Portfolio Pulse from Happy Mohamed

June 20, 2023 | 1:30 pm

GERN

Geron Corporation has submitted a New Drug Application (NDA) to the FDA for its first-in-class telomerase inhibitor, Imetelstat. The drug aims to treat patients with myelofibrosis, a rare bone marrow cancer.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2023 | 1:19 pm