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TSLA

Tesla has filed a U.S. patent application for 'Compositions and Methods for Energy Storage Device Electrodes'. This indicates the company's ongoing efforts to improve its battery technology, which is a key component of its electric vehicles.

Portfolio Pulse from Charles Gross

June 29, 2023 | 9:24 am

TTI

XOM

Exxon Mobil has entered into an agreement with Tetra Technologies to develop over 6,100 lithium-rich acres in Arkansas. The deal is part of Exxon's strategy to expand its lithium business.

Portfolio Pulse from Charles Gross

June 29, 2023 | 8:56 am

NDAQ

Nasdaq (NASDAQ:NDAQ) and Depósito Central de Valores (DCV) have extended their technology partnership, enabling DCV to issue and settle digitized securities. This move positions DCV as a pioneer in asset tokenization, providing its clients with a unified platform across all asset classes.

Portfolio Pulse from Benzinga Newsdesk

June 29, 2023 | 8:20 am

MYNZ

Mainz Biomed NV (NASDAQ:MYNZ), a molecular genetics diagnostic company, has secured a $50 million Pre-Paid Advance Agreement (PPA) with Yorkville Advisors Global, LP, a global investment management firm. In addition, the company and Yorkville have entered into a $5.5 million Promissory Note, with approximately $5.0 million funded at closing.

Portfolio Pulse from Benzinga Newsdesk

June 29, 2023 | 7:18 am

TSLA

The opening of Tesla's Gigafactory in Mexico, initially scheduled for the second half of 2024, has been delayed to the first quarter of 2025 due to logistical challenges. The plant, estimated to cost $10 billion and expected to employ around 7,000 workers, aims to replicate the efficient supply chain model established in Giga Shanghai.

Portfolio Pulse from Benzinga Newsbot

June 29, 2023 | 6:48 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE) traded lower following hawkish comments from Federal Reserve Chair Jerome Powell about potential multiple interest rate hikes. Bitcoin briefly fell below the $30,000 mark but regained its position. Amid the market pullback, Bitcoin surpassed Ethereum and other cryptocurrencies, reaching its highest level of dominance in 26 months. The global crypto market capitalization declined by almost 2% over the last day. Analysts suggest that Bitcoin 'wants to continue rallying'.

Portfolio Pulse from Shivdeep Dhaliwal

June 29, 2023 | 2:16 am

TSP

TuSimple is exploring strategic alternatives for its US business, including a possible sale. If a sale occurs, TuSimple would continue as a global Level 4 autonomous driving technology company, focusing on operations in Asia-Pacific and other major global markets.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 9:44 pm

SHW

Sherwin-Williams (NYSE:SHW) has outperformed the market over the past 15 years by 11.76% on an annualized basis, producing an average annual return of 20.38%. The company currently has a market capitalization of $66.03 billion. If an investor had bought $100 of SHW stock 15 years ago, it would be worth $1,644.67 today.

Portfolio Pulse from Benzinga Insights

June 28, 2023 | 9:32 pm

SHOP

Shopify (NYSE:SHOP) has outperformed the market over the past 5 years by 23.81% on an annualized basis, producing an average annual return of 33.81%. If an investor had bought $1000 of SHOP stock 5 years ago, it would be worth $4,324.14 today.

Portfolio Pulse from Benzinga Insights

June 28, 2023 | 9:32 pm

RIG

Transocean has secured a $184M award for harsh environment semisubmersible. The award is expected to commence in Q1 2025, following the rig's previously announced five-well, 300-day commitment in Australia with a major operator, expected to start in Q1 2024.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 9:24 pm