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SNOW

Snowflake (NYSE:SNOW) announced new innovations at its annual user conference, Snowflake Summit 2024, including Snowflake Notebooks, Snowflake Trail, and DevOps tools. These tools aim to accelerate end-to-end development for builders on Snowflake's unified platform.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 4:19 pm

LI

NIO

TSLA

ZK

Li Auto Inc. (NASDAQ:LI) shares are trading lower due to substantial modifications in its sales and delivery processes amid team restructuring. The company has merged its retail and delivery departments to form a unified sales team, aiming to address tensions and improve sales growth. This reorganization aligns performance goals between the teams, potentially fostering better sales outcomes.

Portfolio Pulse from Nabaparna Bhattacharya

June 04, 2024 | 3:02 pm

UAL

United Airlines is projected to hire close to 10,000 new team members in 2024, according to a company executive.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 2:39 pm

MVST

Microvast Holdings, Inc. (NASDAQ:MVST) has secured a $25 million corporate loan facility from its Founder, Chairman, and CEO, Yang Wu. The initial $12 million draw will provide working capital for U.S. operations.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 2:38 pm

UAL

United Airlines has hired over 4,000 new team members since January, including over 800 pilots and more than 600 flight attendants.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 2:29 pm

GTBIF

Green Thumb Industries has responded to media speculation by stating that it is their policy not to comment on market rumors.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 2:24 pm

TRP

TC Energy shareholders have voted to spin off the company's liquids pipeline business into a new entity named South Bow Corp. This strategic move aims to streamline operations and potentially unlock shareholder value.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 2:21 pm

AAPL

MSFT

NVDA

SMH

SOXX

TSM

Taiwan Semiconductor Manufacturing Co's (TSMC) C.C. Wei has assumed the roles of Chairman and CEO, marking a significant leadership change. Wei reiterated expectations for AI-driven industry recovery by 2024 and discussed price hikes for AI chip production with Nvidia's CEO. TSMC's stock traded lower on Tuesday despite a recent rise. The company remains committed to Taiwan for its production and is focusing on future investments over share buybacks. Geopolitical tensions and supply challenges in the semiconductor industry are ongoing concerns.

Portfolio Pulse from Anusuya Lahiri

June 04, 2024 | 2:01 pm

PARA

PARAA

Paramount Global announced during its Annual General Meeting that it may implement cost cuts in real estate, technology, and marketing.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 1:41 pm

AMRN

Amarin shares are trading lower following the announcement of Aaron Berg as the new President and CEO.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 1:20 pm