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BPTH

Bio-Path Holdings shares are trading higher following the announcement of positive interim results from its Phase 2 study of prexigebersen in combination with decitabine and venetoclax for treating acute myeloid leukemia.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 11:54 am

GANX

Gain Therapeutics shares are trading lower following the announcement of an $11 million public offering, pricing 7,116,547 shares at $1.35 per share and pre-funded warrants.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 11:53 am

RBLX

VDC

WMT

XLP

Walmart Inc (NYSE:WMT) is relaunching its 'No Boundaries' fashion line to attract Gen Z customers, with a focus on modern design and affordability. The collection will launch on July 16th and feature 130 new items, including eco-friendly innovations. Walmart has also partnered with Roblox Corp (NYSE:RBLX) to offer virtual outfits. Walmart stock has gained over 27% in the last 12 months.

Portfolio Pulse from Shivani Kumaresan

June 14, 2024 | 11:50 am

ADBE

GME

MSM

QQQ

SPY

TSLA

US stocks are expected to end the week on a subdued note after a record run, with major index futures moderately lower. Adobe Inc. (ADBE) is set to boost the tech sector, while GameStop Corp. (GME) and MSC Industrial Direct Co., Inc. (MSM) are experiencing declines. The SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ ETF (QQQ) show mixed premarket performance. Key economic data and Federal Reserve speeches are anticipated to influence market movements.

Portfolio Pulse from Shanthi Rexaline

June 14, 2024 | 11:45 am

TSLA

Tesla Inc (NASDAQ:TSLA) is ramping up production of its Cybertruck, aiming to reach 2,500 units per week by the end of the year. Currently, the production rate is at 1,300 units per week. The company plans to eventually deliver 250,000 Cybertrucks annually starting in 2025. The Cybertruck is currently limited to the U.S. market, with potential international availability next year. Tesla will soon stop producing the foundation series and start shipping non-foundation series Cybertrucks next quarter.

Portfolio Pulse from Anan Ashraf

June 14, 2024 | 11:41 am

EIPX

KEAT

TTE

TotalEnergies SE (NYSE:TTE) is selling its subsidiary TotalEnergies EP (Brunei) B.V. to Hibiscus Petroleum Berhad for $259 million. This move aligns with TotalEnergies' strategy to optimize its portfolio. The transaction is expected to close in Q4 2024. TTE shares were trading lower by 3.22% premarket.

Portfolio Pulse from Lekha Gupta

June 14, 2024 | 11:41 am

ZKH

ZKH Group shares are trading higher following the announcement of a $50 million share repurchase program.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 11:41 am

COGT

Cogent Biosciences has released additional data from Part 1 of its ongoing SUMMIT clinical trial, which is evaluating the selective KIT D816V inhibitor, bezuclastinib, in patients with nonadvanced systemic mastocytosis.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 11:40 am

HBAN

Huntington Bancshares shares are trading lower following a downgrade from Piper Sandler, which changed its rating from Neutral to Underweight.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 11:40 am

NUE

Nucor shares are trading lower after the company issued soft Q2 guidance, citing decreased earnings in the steel mills segment.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 11:36 am