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A coalition of prominent researchers has urged the FDA to approve MDMA-based therapy for PTSD, highlighting its proven safety and efficacy. This comes as the FDA is set to rule on Lykos Therapeutics' MDMA therapy by August 11. The paper emphasizes the urgent need for effective PTSD treatments, citing high suicide rates among U.S. military veterans.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 6:51 pm

HUMA

Humacyte, Inc. (NASDAQ:HUMA) stock is trending on Tuesday due to several positive developments, including new board members, a license agreement with Pluristyx, and receiving RMAT designation from the FDA. Analysts have also adjusted their price targets for the stock.

Portfolio Pulse from Dylan Berman

July 16, 2024 | 6:48 pm

SPY

Fed's Kugler states that inflation is trending down despite some early-year bumps, but it remains above the central bank's target. Supply and demand are balancing better, and the labor market has seen substantial rebalancing, suggesting inflation will continue moving toward the 2% target.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 6:47 pm

TKLF

Yoshitsu Co., Ltd (NASDAQ:TKLF) shares surged after the company reported a significant year-over-year increase in its fiscal year financial results. The company saw a 190.91% increase in quarterly earnings per share and a 15.29% increase in sales. Revenue from directly-operated physical stores rose by 28.8%, driven by newly offered luxury products.

Portfolio Pulse from Erica Kollmann

July 16, 2024 | 6:45 pm

EQT

EQT's short interest has risen by 14.73%, with 40.11 million shares sold short, representing 11.84% of its float. This is higher than the peer group average of 6.50%. It would take traders 5.03 days to cover their short positions.

Portfolio Pulse from Benzinga Insights

July 16, 2024 | 6:45 pm

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Shares of companies within the broader consumer discretionary sector are trading higher following a rise in June retail sales, indicating continued consumer spending.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 6:38 pm

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Pepe (CRYPTO: PEPE) has surged 40% in a week, outperforming other meme coins like Dogecoin, Shiba Inu, and Dogwifhat. Traders predict further gains for Pepe, with significant bullish momentum and increased transaction volumes. Venture capital firm Nascent has swapped its Maker position for Pepe and Lido DAO, sparking optimism about Pepe's future price movements.

Portfolio Pulse from Khyathi Dalal

July 16, 2024 | 6:35 pm

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U.S. stocks traded mostly higher with the Dow Jones surging over 650 points. Morgan Stanley reported better-than-expected Q2 results. Silo Pharma, Yoshitsu Co., and AngioDynamics saw significant stock price increases, while Reddit, Charles Schwab, and Clearmind Medicine experienced declines.

Portfolio Pulse from Avi Kapoor

July 16, 2024 | 6:31 pm

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Shares of household durable stocks are trading higher after store sales of building material and garden supplies rose 1.4% in June. Additionally, trader optimism about potential Fed rate cuts is contributing to the strength.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 6:31 pm

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Shares of retail and consumer discretionary stocks are trading higher following a rise in June retail sales, indicating continued consumer spending.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 6:30 pm