Streetbeat News

Stock Prices

GS

SPY

Goldman Sachs CEO David Solomon stated in a CNBC interview that he believes inflation is stickier than anticipated and the economy has shown greater resilience than expected.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2023 | 2:19 pm

HKMPF

PFE

TEVA

The FDA is seeking new suppliers for methotrexate, a cancer drug in short supply since March, due to disruptions in supply from India-based manufacturer Intas Pharmaceuticals. Suppliers facing shortages include Accord Healthcare, Fresenius Kabi, Pfizer Inc, Teva Pharmaceutical Industries Ltd, and Hikma Pharmaceuticals.

Portfolio Pulse from Vandana Singh

June 12, 2023 | 2:16 pm

BLNK

Blink Charging Co. plans to launch a 240kW DC Fast Charger for electric vehicles across global markets. The charger incorporates new silicon carbide technology and aims to fill a void in the industry for a reliable DCFC charger. Blink is also working on developing its Level 2 charging infrastructure network in the U.S.

Portfolio Pulse from Nabaparna Bhattacharya

June 12, 2023 | 2:13 pm

CHPT

ChargePoint Holdings Inc (CHPT) shares are trading lower by 4.86% after General Motors announced a partnership with Tesla to use its charging network. The collaboration will integrate the North American Charging Standard connector design into GM's EVs starting in 2025, providing GM EV drivers access to 12,000 Tesla Superchargers across North America.

Portfolio Pulse from Henry Khederian

June 12, 2023 | 2:10 pm

APRN

Blue Apron Holdings (NYSE:APRN) sold its production and fulfillment operational infrastructure to FreshRealm for $28.5 million in cash, with an additional $4 million if certain milestones are met by September 30. The company also signed a 10-year deal making FreshRealm the exclusive supplier of its meal kits.

Portfolio Pulse from Adam Eckert

June 12, 2023 | 2:09 pm

MRKR

Marker Therapeutics announced that the first patient has been treated in its Phase 1 APOLLO trial of MT-601 for lymphoma patients, leading to a rise in its share price.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2023 | 2:07 pm

EWT

EWY

FXI

SPY

The U.S. government will allow South Korean and Taiwanese chip makers to continue their operations in China, according to the Wall Street Journal. This decision is expected to benefit companies like Samsung and TSMC.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2023 | 2:07 pm

ARE

Over the past 3 months, 7 analysts have published their opinion on Alexandria Real Estate (NYSE:ARE) stock, with 3 bullish and 4 somewhat bullish ratings. The company has an average 12-month price target of $159.29, representing an 11.87% decrease from the previous average price target of $180.75.

Portfolio Pulse from Benzinga Insights

June 12, 2023 | 2:07 pm

KURA

Kura Oncology (NASDAQ:KURA) has received positive analyst ratings in the last quarter, with an average 12-month price target of $28.0, up 16.67% from the previous average of $24.00.

Portfolio Pulse from Benzinga Insights

June 12, 2023 | 2:07 pm

KC

KDNY

WETG

US stocks opened higher with the Nasdaq Composite gaining over 50 points. Information technology shares jumped by 0.9%, led by WeTrade Group and Kingsoft Cloud Holdings. Novartis agreed to acquire Chinook Therapeutics for $40 per share in cash.

Portfolio Pulse from Lisa Levin

June 12, 2023 | 2:06 pm