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ESPR

Esperion Therapeutics and Otsuka Pharmaceutical announced that their partnered cholesterol drug, bempedoic acid, achieved the primary endpoint in a Phase 3 trial in Japan. The trial showed statistically significant positive outcomes for patients with high LDL cholesterol. Otsuka plans to submit a New Drug Application in Japan in late 2024. Additionally, Esperion received a U.S. Patent Term Extension for bempedoic acid, extending its patent through December 2030. Following the news, Esperion's stock rose by 5.51%.

Portfolio Pulse from Vandana Singh

May 20, 2024 | 6:22 pm

MDT

Medtronic's Sphere-9 catheter has demonstrated safety and efficacy in treating atrial fibrillation, outperforming the conventional Thermocool SmartTouch SF catheter in a clinical study. The results were presented at the Heart Rhythm Society 2024 Annual Meeting and published in Nature Medicine. The Sphere-9 catheter showed a favorable safety profile and superior procedural efficiency, leading to improved patient outcomes.

Portfolio Pulse from Vandana Singh

May 20, 2024 | 6:22 pm

REGN

SNY

Regeneron Pharmaceuticals and Sanofi presented late-breaking data from the NOTUS Phase 3 COPD trial, showing that Dupixent significantly reduced exacerbations and improved lung function in patients with uncontrolled COPD. The results were presented at ATS and published in the New England Journal of Medicine.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 6:17 pm

AMD

INTC

NVDA

SHOC

SMH

Nvidia (NVDA) is expected to see steady gains due to a strategic shift towards software-centric services and the upcoming Blackwell transition. Analysts from Rosenblatt and Morgan Stanley maintain positive ratings and high price targets for Nvidia, anticipating strong quarterly performance despite some supply challenges and competition from AMD and Intel. Nvidia's stock has gained 204% in the last 12 months, and investors can gain exposure through ETFs like SHOC and SMH.

Portfolio Pulse from Anusuya Lahiri

May 20, 2024 | 6:16 pm

SPY

Federal Reserve's Mester has revised her expectations, stating that she no longer anticipates three rate cuts this year, which could impact market sentiment.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 6:13 pm

PANW

Palo Alto Networks (NASDAQ:PANW) shares are moving ahead of its third-quarter earnings report. Analysts expect earnings of $1.25 per share and revenue of $1.967 billion. The company recently announced a partnership with IBM to offer an AI-driven security platform. Keybanc analyst Michael Turits raised the price target to $384. PANW shares are trading above the 50-day moving average but below the 52-week high.

Portfolio Pulse from Erica Kollmann

May 20, 2024 | 6:13 pm

SPY

Federal Reserve's Mester suggests that the neutral interest rate may be higher than previously estimated, and she raised her estimate in March.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 6:12 pm

SPY

Federal Reserve's Mester stated that the Fed could cut rates if there is an unforeseen deterioration in the real economy. Conversely, if inflation stalls or reverses, the Fed may hold or even raise rates. Mester emphasized the need for careful monitoring of the economy.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 6:11 pm

ZM

Zoom Video Communications Inc (NASDAQ:ZM) is set to report its fiscal first-quarter financial results after the market close on Monday. Analysts expect earnings of $1.20 per share and revenue of $1.126 billion. Zoom has a strong track record of beating estimates and has guided for revenue between $1.125 billion to $1.13 billion and adjusted earnings of $1.18 to $1.20 per share. The company also authorized a $1.5 billion buyback. Investors will be keen on the earnings report and any updates on the buyback.

Portfolio Pulse from Adam Eckert

May 20, 2024 | 6:10 pm

SPY

Federal Reserve's Mester believes inflation will decrease but not quickly. She states that current policies are well-positioned to handle risks on either side.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 6:10 pm