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INTC

SFTBY

SoftBank plans layoffs at its Vision Fund investment arm, potentially impacting up to 30% of employees. The company is also in talks to get Intel as a key investor for Arm Ltd's IPO.

Portfolio Pulse from Lekha Gupta

June 13, 2023 | 9:32 am

AMZN

AVGO

NDAQ

TSLA

VMW

The S&P 500 and Nasdaq reached their highest levels since April 2022, with investors awaiting inflation data and the Fed's interest rate decision. Nasdaq, Inc. shares dropped 12% after announcing the acquisition of Adenza, while Broadcom Inc. shares gained 6% on reports of EU approval for its VMware acquisition. The Nasdaq 100 rose 1.76% amid gains in Amazon and Tesla shares.

Portfolio Pulse from Lisa Levin

June 13, 2023 | 9:30 am

AMZN

SSNLF

Samsung's Galaxy S22 Ultra is now available with a $500 discount on Amazon, starting at $699.99 for all three storage variants. The phone comes unlocked and can be used on all networks.

Portfolio Pulse from rounakjain@benzinga.com

June 13, 2023 | 9:26 am

IBIO

iBio announced a research collaboration with the National Institute of Allergy and Infectious Diseases to develop a Lassa fever vaccine, leading to higher trading of iBio shares.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2023 | 9:00 am

XPEV

Chinese EV manufacturer XPeng Inc (NYSE:XPEV) expects flying cars to take off in China and globally within the next 5-10 years. The company showcased its X2 eVTOL at Beyond Expo Macao, a battery-powered two-seater flying car designed for short-distance, low-altitude city journeys. Mass production and customer deliveries are planned to begin in 2024.

Portfolio Pulse from Anan Ashraf

June 13, 2023 | 8:21 am

SGEN

Seagen's Adcetris, combined with Nivolumab and standard chemotherapy, has shown a 98% overall response rate and 93% complete response rate in patients with early-stage classical Hodgkin Lymphoma.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2023 | 8:11 am

ITI

MANU

MIND

MPAA

ORCL

U.S. stock futures are trading higher, with Motorcar Parts of America (MPAA), Oracle (ORCL), Iteris (ITI), Manchester United (MANU), and MIND Technology (MIND) in focus. MPAA and ORCL reported earnings, while ITI and MIND are expected to report soon. MANU shares rose after a bid by Qatari investors was accepted.

Portfolio Pulse from Lisa Levin

June 13, 2023 | 8:05 am

LULU

Goldman Sachs analyst Lindsay Drucker Mann has maintained a Sell rating on Lululemon Athletica (NASDAQ:LULU) and reduced the price target from $48 to $46. She highlighted five near-term risks for the company, including strong brand equity, decelerating inventory turnover, vulnerability due to price increases, weakening traffic, and a slowdown in the online business.

Portfolio Pulse from Monica Gerson

June 13, 2023 | 7:33 am

SHIBUSD

A mysterious whale has accumulated 1.5 trillion Shiba Inu (CRYPTO: SHIB) tokens worth $10 million from Binance and Coinbase, making them the largest holder of SHIB, excluding exchanges. This comes amid the SEC's legal battle against crypto exchanges and a 21.4% decline in SHIB's value over the past week.

Portfolio Pulse from Mehab Qureshi

June 13, 2023 | 6:56 am

ORCL

Oracle Corporation (NYSE:ORCL) has experienced impressive growth in the cloud sector, with Q4 earnings beating top-line estimates and Cloud Infrastructure growth of 77%. Analyst Brent A. Bracelin of Piper Sandler maintains an Overweight rating on Oracle's stock with a price target of $130.

Portfolio Pulse from Benzinga Newsbot

June 13, 2023 | 6:46 am