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DIA

IWM

QQQ

SPY

Major indices rise after the US Senate passes a debt ceiling bill and May job report data exceeds expectations.

Portfolio Pulse from Benzinga Newsdesk

June 02, 2023 | 2:55 pm

TNGX

A clinical trial is being conducted to study the effects of TNG260, a CoREST inhibitor, in combination with pembrolizumab in patients with advanced solid tumors with a known STK11 mutation. The trial aims to determine the recommended dose for Phase 2, evaluate safety and tolerability, and assess the initial antineoplastic activity.

Portfolio Pulse from Happy Mohamed

June 02, 2023 | 2:50 pm

FSLR

GLJ Research has upgraded First Solar Inc (NASDAQ:FSLR) from Sell to Hold with a price target of $157.56. The company expects to benefit from the Inflation Reduction Act, with $0.17 per watt for each module sold. The analyst believes First Solar's story is still strong, but the solar industry may face a rerating lower of valuation multiples.

Portfolio Pulse from Shivani Kumaresan

June 02, 2023 | 2:50 pm

BTCUSD

USDTUSD

Binance Australia has suspended Australian Dollar (AUD) bank transfers and halted trading pairs with AUD as of June 1. Users can convert their AUD balances to Tether (CRYPTO: USDT) for transactions or withdrawals. Binance is searching for an alternate provider to restore AUD deposit and withdrawal services.

Portfolio Pulse from Murtuza Merchant

June 02, 2023 | 2:37 pm

TSLA

Tesla shares are trading higher after China's cabinet announced plans to extend and optimize its purchase tax exemption for new energy vehicles.

Portfolio Pulse from Benzinga Newsdesk

June 02, 2023 | 2:23 pm

AMZN

DIS

NFLX

Netflix, Amazon, and Disney are exploring ways to bypass India's new tobacco warning rules, which require streaming platforms to insert health warnings during smoking scenes and anti-tobacco disclaimers. The companies fear business impact and higher costs.

Portfolio Pulse from Anusuya Lahiri

June 02, 2023 | 2:19 pm

SOFI

SoFi Technologies stock is down as the Senate clears the debt ceiling bill, which terminates the pause on student loan repayments. CEO Anthony Noto highlighted challenges individuals face, such as surging education costs, stagnant wages, and unaffordable housing.

Portfolio Pulse from Anusuya Lahiri

June 02, 2023 | 2:14 pm

SPY

VGK

U.S. National Security Adviser Sullivan announced that the U.S. is ready to engage with Russia to manage nuclear risks and develop post-New START arms control. This could potentially affect the SPY and VGK ETFs.

Portfolio Pulse from Happy Mohamed

June 02, 2023 | 1:41 pm

SPY

President Biden commented on the jobs data, stating that the U.S. debt ceiling bill will continue to help the economy and he looks forward to signing it into law.

Portfolio Pulse from Happy Mohamed

June 02, 2023 | 1:40 pm

TGTX

TG Therapeutics announced that data from the ULTIMATE I & II Phase 3 trials of BRIUMVI in multiple sclerosis will be presented at the 2023 Consortium of Multiple Sclerosis Centers Meeting.

Portfolio Pulse from Benzinga Newsdesk

June 02, 2023 | 1:17 pm