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IPHA

SNY

Innate Pharma and Sanofi's blood cancer treatment SAR443579/IPH6101 shows over 10 months of durable complete remission in a Phase 1/2 study, with results discussed at the EHA Congress. The treatment continues to show clinical benefits and a favorable safety profile, marking significant progress in its development.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 6:20 am

FXI

China's industrial production year-to-date (YoY) for May was reported at 6.2%, slightly down from the previous 6.3%.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 5:14 am

FXI

China's industrial production for May grew by 5.6% year-over-year, falling short of the estimated 6.2% and the previous month's 6.7%.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 5:14 am

FXI

China's Fixed Asset Investment (YoY) for May came in at 4.0%, below the estimated 4.2% and the prior 4.2%.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 5:13 am

AAPL

Apple Inc. (NASDAQ:AAPL) has announced new AI features, but many will not be available until 2025. The initial rollout will be limited to certain devices and regions, with full integration, including ChatGPT, expected later.

Portfolio Pulse from Ananya Gairola

June 17, 2024 | 4:44 am

AAPL

AGQI

AMD

CARZ

NVDA

QCOM

TSM

The premium of Taiwan Semiconductor Manufacturing Co.'s (TSMC) American depositary receipts (ADRs) over its Taiwan stock has surged to a 15-year high due to the U.S.'s growing enthusiasm for artificial intelligence. Despite significant gains in both markets, the ADRs' accessibility and inclusion in various indices have led to their outperformance. The AI sector remains strong, with companies like NVIDIA, Apple, Qualcomm, and AMD heavily booking TSMC's production capacity.

Portfolio Pulse from Kaustubh Bagalkote

June 17, 2024 | 4:17 am

FXI

KBA

KWEB

MCHI

The People's Bank of China (PBOC) has kept its key interest rate unchanged for the tenth consecutive month to stabilize the yuan and manage liquidity. This decision aligns with market expectations and aims to maintain currency stability despite economic uncertainties. The PBOC's cautious approach may dampen expectations for monetary easing.

Portfolio Pulse from Benzinga Neuro

June 17, 2024 | 4:09 am

ADSK

Starboard Value has invested $500 million in Autodesk (NASDAQ:ADSK) and is pushing for operational and governance changes. The activist investor is concerned about Autodesk's profit margins, corporate governance, and handling of a recent accounting investigation. Starboard is considering legal action to reopen Autodesk’s director-nomination window and delay the annual shareholder meeting. Autodesk's stock has declined by 7% this year, and Goldman Sachs recently lowered its price target for the company.

Portfolio Pulse from Benzinga Neuro

June 17, 2024 | 1:36 am

AAPL

AMZN

GOOG

META

MSFT

TSLA

The past week in consumer tech saw significant developments including Mark Cuban's concerns about AI regulation, data breaches at a SoftBank and Naver co-owned company, and the launch of a controversial gossip app. Vrio Corporation partnered with Amazon's Project Kuiper for satellite broadband in South America. Microsoft announced that 'Call of Duty: Black Ops 6' will require a constant internet connection. Apple made several announcements at WWDC 2024, including updates to visionOS, iOS 18, and a new AI initiative. Google faced fines and privacy complaints, while Samsung combined its AI research centers. Meta Platforms and Tesla were also in the news for various reasons.

Portfolio Pulse from Lekha Gupta

June 16, 2024 | 10:42 pm

TSLA

Tesla shares saw a bounce after CEO Elon Musk hinted at shareholder support for his 2018 compensation plan, but pulled back sharply after the approval was confirmed. Analyst Per Lekander criticized Tesla, calling it a bubble and predicting a 50% drop in earnings this year. He set a $15 price target and flagged risks like class action lawsuits and board compensation. Lekander compared Tesla to Enron and noted that retail traders are currently holding up the stock.

Portfolio Pulse from Shanthi Rexaline

June 16, 2024 | 10:13 pm