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CrowdStrike Holdings Inc (NASDAQ: CRWD) opened about 4.0% up on Friday after announcing two new partnership – one with Cloudflare Inc (NYSE: NET) and the other with eSentire. Details of CrowdStrike-Cloudflare partnershipThe cybersecurity firm teamed up with $NET this morning to secure networks and power the AI-native SOC. Together, the two cybersecurity firms will offer a streamlined solution aimed at lowering costs and minimising operational complexity for customers. Daniel Bernard – the chief business officer of CrowdStrike said in a press release today: The rich dataset from our Falcon plat...
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Verastem Inc (NASDAQ: VSTM) opened nearly 70% down this morning even though the pharmaceutical firm reported positive interim data for its combination therapy as a treatment of pancreatic cancer. Here’s what is hitting $VSTM todayThe oncology company commenced a regulatory submission aimed at U.S. approval for avutometinib and defactinib as well on Friday. But Verastem stock still crashed today primarily because the biotech firm restricted its NDA application for accelerated approval to “adult patients with recurrent KRAS mutant low-grade serous ovarian cancer”. That’s significant because it e...
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The iShares Select Dividend ETF (DVY) is one of the popular funds in Wall Street, thanks to its higher dividend yield than its peers. As a result, it has attracted over $18 billion in assets under management (AUM) from investors despite its higher expense ratio. But is it a good dividend ETF to buy? What is the DVY ETF?The iShares Select Dividend ETF is a leading fund that gives investors access to 100 companies with a record of growing their dividends for five years. It has an expense ratio of 0.38%, higher than most similar funds like SCHD, VYM, and DGRO. Most of its constituent companies ar...
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The U.S. Securities and Exchange Commission (SEC) has approved eight applications for spot Ethereum ETFs, marking a significant milestone for the cryptocurrency industry. The approval, announced on May 23, 2024, allows Ethereum (ETH) to trade on Wall Street, and follows the earlier approval of spot Bitcoin ETFs in January. The newly approved ether ETFs will enable investors to gain direct exposure to Ethereum (ETH), the second-largest cryptocurrency by market capitalization, without needing to purchase and store the digital asset themselves. Eight funds get their Ethereum ETFs approvedThe SEC’...
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The Tesla stock price is down more than $60, over a quarter of its share price at 28.5%, this year so far. Where the Magnificent Seven stock once seemed invincible, now dangers are everywhere. The disruptor has become disrupted. So, what’s going on currently to make Tesla watchers nervous? Tesla is burningThe most recent incident of Tesla’s occurred early on Monday evening when numerous social media sources reported that the company’s Fremont factory in California was on fire. Although the fire seemed to have been a minor one, and a minor incident in general, it was telling that Tesla themselv...
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Yesterday, AI super-stock Nvidia reported its latest financial results. As the last of the behemoth companies to do so, it unofficially signaled that earnings season for Q1 of FY 2024 is winding down to a close. So, how did we do? And what do the performances of those company earnings signify for the markets at large? An optimistic outlook for corporate“With over 80% of the S&P 500 companies having reported Q1 earnings, its broad market impact is coming to an end,” agrees Peter Garnry, head strategist and researcher at investment firm Saxo. According to Garnry, the earnings season has been une...
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Demand for copper in a diverse set of industries has been on the rise this year as the global economy continues to thrive. In fact, price of the industrial metal hit an all-time high on Tuesday. Here are the top three stocks that could benefit the most from record copper price. BHP Group Ltd (NYSE: BHP)BHP is fine pick to play continued demand and subsequently elevated price of copper as it operates one mine in Australia and several more in South America. The New York listed firm is worth owning also because it has a 45% stake in Resolution Copper – one of the largest undeveloped copper projec...
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At the beginning of 2024, Citigroup chief US economist predicted in a CNBC interview that the USA would enter a recession in the middle of the year. With June around the corner, we round up our top 5 recession-proof stocks in May 2024: Regeneron Pharmaceuticals IncWaste Management IncThe Procter & Gamble CompanyWalmart1. Regeneron Pharmaceuticals IncTwo industries known to be resilient in challenging economic times are the pharmaceuticals and healthcare sectors. American biotechnology and big pharma company Regeneron does this better than most. For example, in the chaotic first days of FY 2020...
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Biodexa Pharmaceuticals PLC (NASDAQ: BDRX) opened more than 100% up on Tuesday after reporting encouraging Phase 2 data for eRapa. Details of the Phase 2 data reported todayThe recently licensed drug for FAP (familial adenomatous polyposis) showed non-progression rate of 83% and lowered total polyp burden by about 24% versus the baseline upon six months of treatment. $BDRX reported two grade 3 adverse events while the remaining 97% of the participants remained on eRapa after six months. All in all, the Phase 2 data established eRapa as “safe and well-tolerated” on Tuesday. The news arrives abo...
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Crude oil prices experienced a significant drop of more than 1.5% on Tuesday as the United States Federal Reserve provided no clear indications regarding potential interest rate cuts. The uncertainty stems from recent statements by key Fed officials, reflecting differing views on the economic outlook and inflation trends. Federal Reserve officials’ mixed signalsFederal Reserve Bank of San Francisco President Mary Daly stated that there is “no urgency” to start easing interest rates, citing the absence of evidence for a sustained drop in inflation. Similarly, Fed Vice Chair for Supervision Mich...
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