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LLY

Eli Lilly (NYSE:LLY) has reported promising results for its experimental drug retatrutide, which led to 24.2% weight loss in a mid-stage trial. If successful in Phase 3 trials, it could propel Lilly ahead of competitors in the obesity treatment market.

Portfolio Pulse from Benzinga Newsbot

June 27, 2023 | 5:26 am

BCHUSD

BTCUSD

ETHUSD

Bitcoin Cash (BCH) surged 17% in the last 24 hours, outperforming Bitcoin (BTC) and Ethereum (ETH), following its listing on EDX Markets, a crypto exchange backed by Fidelity, Schwab, and Citadel Securities. The platform listed only four cryptocurrencies, including Bitcoin Cash, Ethereum, Litecoin, and Bitcoin.

Portfolio Pulse from Mehab Qureshi

June 27, 2023 | 5:24 am

AAPL

Apple's latest mixed reality headset, Vision Pro, addresses overheating concerns by providing warning notifications. However, users are concerned about its effectiveness as a solution. The device is expected to launch next year in the US, with a price tag of $3499, which may dampen sales compared to more affordable options like Meta's Quest 3.

Portfolio Pulse from Ananya Gairola

June 27, 2023 | 4:23 am

BNO

VDE

Oil prices rose amid geopolitical concerns surrounding Russia and potential supply disruptions. Jim Cramer advised against betting on oil prices going much higher, citing Russia's transactional friendships with China and India. Oil prices were also held back by concerns of extended rate hikes by central banks and fears of a subsequent recession.

Portfolio Pulse from Bhavik Nair

June 27, 2023 | 4:20 am

NIO

Chinese electric vehicle maker Nio has activated its 1,500th power swap station, nearing its year-end target of 2,300 stations. The company plans to build 1,000 more stations in China by the end of the year.

Portfolio Pulse from Anan Ashraf

June 27, 2023 | 3:43 am

FXI

Chinese Premier Li Qiang announced that China is on track to achieve its 5% annual growth target. This positive outlook may impact the iShares China Large-Cap ETF (FXI).

Portfolio Pulse from Bill Haddad

June 27, 2023 | 3:05 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies traded mixed on Monday evening following a week-long rally driven by several crypto-related ETF applications in the U.S. The SEC approved the nation's first leveraged Bitcoin futures ETF offered by Volatility Shares. Crypto analyst Michael Van de Poppe signaled a surge in institutional interest in Bitcoin, while Markus Thielen, head of crypto research and strategy at Matrixport, predicted significant gains for Bitcoin in July.

Portfolio Pulse from Mehab Qureshi

June 27, 2023 | 2:39 am

AMD

TSLA

TSM

ARK Investment Management, led by Cathie Wood, bought over $3.8 million in chip stocks, including Advanced Micro Devices (AMD) and Taiwan Semiconductor (TSM), amid recent market correction. Meanwhile, ARK sold over 8,200 shares of Tesla (TSLA) after Goldman Sachs downgraded the stock.

Portfolio Pulse from Bhavik Nair

June 27, 2023 | 1:18 am

ARTL

Artelo Biosciences (NASDAQ:ARTL) presented new data at the International Cannabinoid Research Society Symposium, highlighting the pharmaceutical properties and efficacy of its patented cannabidiol (CBD) cocrystal, ART12.11. The research findings demonstrate improved bioavailability and efficacy in nonclinical models of stress-induced anxiety versus CBD.

Portfolio Pulse from Joana Scopel

June 27, 2023 | 1:03 am

AREN

Group Black is in talks to acquire a majority stake in Arena Group Holdings (NYSEAMERICAN: AREN), publisher of over 50 publications including Sports Illustrated. The acquisition news caused AREN's stock price to surge, closing up 12.60% at $4.11 and up 7.54% after market at $4.42.

Portfolio Pulse from Benzinga Staff

June 26, 2023 | 11:25 pm