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PLUG

Plug Power Inc (NASDAQ:PLUG) shares are trading lower by 8.80% to $9.64 during Tuesday's session, possibly due to broader market trends and anticipation of Federal Reserve Chair Jerome Powell's testimony before Congress. Changes in interest rates can impact the clean energy sector and companies like Plug Power.

Portfolio Pulse from Henry Khederian

June 20, 2023 | 3:32 pm

GERN

Geron Corporation (NASDAQ:GERN) submitted a marketing application to the FDA for imetelstat, a treatment for transfusion-dependent anemia in adult patients with low- to intermediate-1 risk myelodysplastic syndromes. The submission is based on positive results from the IMerge Phase 3 trial. Geron has requested a Priority Review and plans to submit a European marketing application in 2H 2023.

Portfolio Pulse from Vandana Singh

June 20, 2023 | 3:32 pm

SRDX

Surmodics has received FDA approval for its SurVeil drug-coated balloon, leading to a surge in its share prices.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2023 | 3:31 pm

STLA

Stellantis shares are trading lower due to overall market weakness. The company has formed a joint venture with Foxconn to develop chips for the automotive industry vehicle platforms.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2023 | 3:30 pm

BA

Boeing shares are trading lower due to overall market weakness.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2023 | 3:30 pm

BMY

TCON

TRACON Pharmaceuticals shares are trading lower after the company released the results of a six-month IDMC review for the ongoing ENVASARC Phase 2 trial. The combination of envafolimab with Bristol‑Myers Squibb's Yervoy did not demonstrate synergy, leading to termination of enrollment in cohort D, reducing trial costs and accelerating the timeline to final data.

Portfolio Pulse from Vandana Singh

June 20, 2023 | 3:28 pm

VERA

Vera Therapeutics' shares are trading higher following the release of positive 36-week atacicept data for IgA nephropathy at the European Renal Association Congress.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2023 | 3:27 pm

ROKU

Streaming usage increased by 2.5% in May, with The Roku Channel accounting for 1.1% of total TV viewing, tying with Peacock. Nielsen data shows three free streaming services in the top 10, reinforcing the staying power of ad-supported streaming. Netflix and Prime Video saw the biggest gains in the premium subscription video category.

Portfolio Pulse from Happy Mohamed

June 20, 2023 | 3:27 pm

CANO

CVS

HUM

Cano Health's CEO Dr. Marlow Hernandez has stepped down but will remain on the Board of Directors. Chief Strategy Officer Mark Kent is appointed interim CEO. The company is searching for a permanent CEO and new independent directors. Shareholders with a 35% stake have expressed concerns about governance issues and called for leadership changes.

Portfolio Pulse from Vandana Singh

June 20, 2023 | 3:24 pm

BEKE

BGNE

BILI

BZ

EDU

JD

LU

NTES

PDD

TCOM

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