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BABA

DB

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GRAB

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SPOT

Spotify plans to launch a more expensive subscription plan called 'Supremium' with high-fidelity audio. Grab Holdings plans to cut its workforce by 5%. Deutsche Bank applies for a digital asset custody license. Google is in talks with Indian suppliers to assemble Pixel smartphones. Chinese vendors bypass the US embargo to supply Nvidia AI chips. Alibaba names Eddie Wu as its new CEO. Hyundai unveils an $85B investment plan for EVs. Airbus confirms a 500 A320 aircraft order from IndiGo.

Portfolio Pulse from Vandana Singh

June 20, 2023 | 1:07 pm

IMTE

Integrated Media Technology (IMTE) announced the resignation of Jing Zhuo as a Director and CFO, effective June 19.

Portfolio Pulse from Happy Mohamed

June 20, 2023 | 1:05 pm

DOUG

Douglas Elliman Inc. has initiated a search for a new Chief Financial Officer (CFO).

Portfolio Pulse from Benzinga Newsdesk

June 20, 2023 | 1:04 pm

VERB

Verb Technology Company has sold its direct sales business assets to concentrate on its Market.Live livestream shopping business. This strategic move aims to capitalize on the growing e-commerce trend.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2023 | 12:59 pm

HOV

Hovnanian Enterprises (NYSE:HOV) announced the retirement of CFO Larry Sorsby, effective October 31, 2023. Brad G. O'Connor will succeed him as CFO, effective November 1, 2023.

Portfolio Pulse from Happy Mohamed

June 20, 2023 | 12:43 pm

INBS

Intelligent Bio Solutions (NASDAQ:INBS) has received a second progress payment of $1.43 million as part of a $4.7 million scientific grant awarded in 2021. The grant is from the Australian Federal Government's Department of Industry, Science, Energy and Resources' Modern Manufacturing Initiative to fund a state-of-the-art medical device manufacturing facility.

Portfolio Pulse from Happy Mohamed

June 20, 2023 | 12:41 pm

MNMD

Mind Medicine (MindMed) Inc will provide an overview of clinical progress and corporate updates during an Investor Day focused on the MM-120 program in generalized anxiety disorder (GAD). The Phase 2b trial evaluating MM-120 for the treatment of GAD remains on track for a late 2023 topline data readout.

Portfolio Pulse from Happy Mohamed

June 20, 2023 | 12:37 pm

GE

General Electric (NYSE:GE) has reportedly discontinued its gas turbine services at thermal power plants in Russia following Moscow's invasion of Ukraine. However, GE still provides essential medical equipment and supports existing power services in the region. The company is also in final talks with Hindustan Aeronautics Ltd. for a partnership to co-manufacture jet engines in India.

Portfolio Pulse from Nabaparna Bhattacharya

June 20, 2023 | 12:34 pm

AAPL

BTCUSD

GOOGL

MSFT

Former Coinbase CTO Balaji Srinivasan warns that Google, Apple, and Microsoft could pose significant threats to cryptocurrencies, as they have control over users' data and personal information. He suggests that governments could potentially exploit this control to confiscate citizens' digital assets, including cryptocurrencies.

Portfolio Pulse from Mehab Qureshi

June 20, 2023 | 12:23 pm