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ABBV

CI

CVS

JNJ

UNH

AbbVie's arthritis drug Humira retains over 80% of its patients despite facing nine lower-priced biosimilar competitors. This raises concerns about the viability of the biosimilar market. Pharmacy benefit managers (PBMs) like CVS Health, Cigna, and UnitedHealth Group have influenced patient access, but few patients switched to biosimilars. AbbVie expects a 36% erosion in U.S. sales of Humira this year. The biosimilar industry advocates for regulatory changes, claiming $6 billion in potential savings have been lost. Johnson & Johnson's Crohn's disease drug Stelara may follow a similar trajectory.

Portfolio Pulse from Vandana Singh

June 07, 2024 | 2:39 pm

GPN

Global Payments (NYSE:GPN) has outperformed the market over the past 20 years with an average annual return of 11.21%, surpassing the market by 3.18% annually. A $100 investment in GPN 20 years ago would be worth $840.07 today.

Portfolio Pulse from Benzinga Insights

June 07, 2024 | 2:30 pm

ECL

Ecolab (NYSE:ECL) has outperformed the market over the past 20 years with an average annual return of 10.72%, surpassing the market by 2.69% annually. A $100 investment in ECL 20 years ago would be worth $775.55 today.

Portfolio Pulse from Benzinga Insights

June 07, 2024 | 2:30 pm

BABA

PDD

Alibaba Group Holding Limited (NYSE:BABA) projects $60 billion in GMV for its B2B platform Alibaba.com in 2024, marking a 20% increase from last year. The company plans new business model breakthroughs to sustain growth. Despite competition from PDD Holdings Inc (NASDAQ:PDD), Alibaba focuses on small business sourcing and local ecosystems. Recent initiatives include Alibaba Guaranteed and AI tools to enhance B2B sourcing. Alibaba reported fiscal Q4 2023 revenue growth of 7% Y/Y to $30.73 billion, beating analyst expectations, but adjusted earnings per ADS missed slightly.

Portfolio Pulse from Anusuya Lahiri

June 07, 2024 | 2:26 pm

META

VOX

XLC

Meta Platforms Inc. (NASDAQ:META) has introduced AI-powered ad targeting on WhatsApp, marking a significant shift for the messaging service. This move aims to enhance revenue generation from WhatsApp, which has been minimally contributing to Meta's overall revenue despite its popularity. The new AI tools will leverage user behavior on Facebook and Instagram to tailor messages to receptive customers. Additionally, Meta announced the integration of Brazil's PIX digital payment system into WhatsApp.

Portfolio Pulse from Shivani Kumaresan

June 07, 2024 | 2:25 pm

LLY

NVO

The rise of weight loss drugs like Wegovy and Mounjaro by Novo Nordisk (NYSE:NVO) is leading to new product developments across various sectors, including food, beverage, and fitness. Companies like DSM Firmenich, Nestle, and Danone are adapting to these changes. Novo Nordisk is also facing legal challenges related to counterfeit products and potential patent issues in China.

Portfolio Pulse from Benzinga Neuro

June 07, 2024 | 2:17 pm

WEX

WEX (NYSE:WEX) has significantly outperformed the market over the past 15 years, achieving an average annual return of 43.92%. A $100 investment in WEX 15 years ago would be worth $23,532.01 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

June 07, 2024 | 2:00 pm

AMAT

Applied Mat (NASDAQ:AMAT) has significantly outperformed the market over the past 5 years, with an annualized return of 38.61%. A $100 investment in AMAT 5 years ago would be worth $518.90 today.

Portfolio Pulse from Benzinga Insights

June 07, 2024 | 2:00 pm

SPY

Wholesale inventories for April increased by 0.1%, falling short of the 0.2% estimate and showing a decrease from the previous month's -0.4%.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 2:00 pm

UBER

Uber's stock surged over 7% following the approval of its license to operate in Aberdeen, marking a 12% increase for the year. This move is seen as a positive step to address transportation issues in the city and reflects growing investor confidence.

Portfolio Pulse from Zaheer Anwari

June 07, 2024 | 1:57 pm