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PRTK

Paratek Pharmaceuticals has agreed to be acquired by Gurnet Point Capital and Novo Holdings for $462 million. The transaction includes debt financing of $175 million provided by Oaktree Capital Management and is expected to close in Q3 2023.

Portfolio Pulse from Akanksha Bakshi

June 06, 2023 | 4:42 pm

SHOP

Shopify (NYSE:SHOP) completed the sale of most of its former logistics business to Flexport, receiving a 13% equity interest in the company. The stock traded higher by 5.17% on Tuesday.

Portfolio Pulse from Anusuya Lahiri

June 06, 2023 | 4:40 pm

PDD

A whale investor has taken a bullish stance on PDD Holdings (NASDAQ:PDD), with 64% of detected trades having bullish expectations. Whales have been targeting a price range of $62 to $100 for PDD Holdings over the last 3 months. The stock is currently up 5.86% at $72.05, with RSI indicators suggesting it may be approaching overbought territory.

Portfolio Pulse from Benzinga Insights

June 06, 2023 | 4:31 pm

LMT

SPCE

Whistleblower testimony suggests the US and other countries possess non-human, off-planet exotic materials, potentially impacting the future of space travel. Virgin Galactic (NASDAQ:SPCE) and Lockheed Martin (NYSE:LMT) are likely to benefit from technological breakthroughs in this area.

Portfolio Pulse from Ryan Glosier

June 06, 2023 | 4:30 pm

LRCX

Lam Research (NASDAQ:LRCX) has outperformed the market over the past 20 years, producing an average annual return of 19.37% and a market capitalization of $82.37 billion. An investment of $1000 in LRCX 20 years ago would be worth $32,843.52 today.

Portfolio Pulse from Benzinga Insights

June 06, 2023 | 4:30 pm

KLAC

KLA (NASDAQ:KLAC) has outperformed the market over the past 10 years, producing an average annual return of 23.65%. An investment of $100 in KLAC 10 years ago would be worth $814.31 today.

Portfolio Pulse from Benzinga Insights

June 06, 2023 | 4:30 pm

BTCUSD

Nassim Nicholas Taleb, author of 'The Black Swan,' criticized Bitcoin, comparing it to the mafia and questioning its hedging capabilities. He has previously labeled Bitcoin an 'open Ponzi,' a 'failed currency,' and a 'magnet for idiots.' Taleb's skepticism contributes to the ongoing debate about cryptocurrencies' role and value in the global economy.

Portfolio Pulse from Benzinga Newsbot

June 06, 2023 | 4:29 pm

MAR

Marriott International has signed a deal with Hiap Hoe Limited to launch its Aloft Hotels brand in Singapore, with the first property expected to open in Q3 2023. The 785-room Aloft Singapore Novena hotel will be the largest Aloft in the world. Marriott recently reported Q1 FY23 sales growth of 34% YoY to $5.62 billion.

Portfolio Pulse from Lekha Gupta

June 06, 2023 | 4:28 pm

WMT

Walmart's remodeled store locations saw a 10% reduction in apparel inventory, yet sales increased, according to a company executive at the TD Cowen Conference.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2023 | 4:28 pm