Streetbeat News

Marketing

LYV

Live Nation Entertainment's all-in pricing policy, which includes total ticket costs upfront, has led to an 8% increase in completed sales across its U.S. venues and festivals in the first six months. This initiative, aligning with the upcoming TICKET Act vote for transparent pricing, has been implemented in nearly 9,000 shows across 33 states and Washington D.C., benefiting fans and artists by reducing abandoned carts and increasing sales.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 5:21 pm

EC

Traders are closely monitoring Ecopetrol as it becomes a focus in a popular retail trading newsletter, influencing stock picks among traders.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 4:49 pm

BON

Bon Natural Life Limited (NASDAQ:BON) announced a strategic cooperation with Guangdong JUWO Trading Co., Ltd. for marketing and supply chain development in liquor distribution and sales, including liquor brands, functional liquor, and hangover relief products in mainland China. The agreement involves co-branding and the launch of liquor products under the 'Jiangwang and App-Chem' brand, with JUWO handling promotion and marketing. This marks the first collaboration between App-Chem and JUWO's Chinese Moutai-flavor liquor brand, aiming for market expansion and innovation.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 3:57 pm

AMC

BB

GME

BlackBerry Ltd (NYSE:BB) stock is trading higher following a meme posted by Keith Gill, known as "Roaring Kitty", suggesting his renewed market focus. BlackBerry, along with GameStop (NYSE:GME) and AMC Entertainment (NYSE:AMC), saw its stock rise, benefiting from the meme stock phenomenon. Additionally, BlackBerry was recognized with the Customers’ Choice designation in the 2024 Gartner Peer Insights for UEM, marking the second consecutive year of this achievement.

Portfolio Pulse from Dylan Berman

May 14, 2024 | 2:57 pm

AMC

GME

Former SEC Chair Jay Clayton expressed concerns about the recent surge in GameStop (GME) and AMC Entertainment (AMC) stock prices, likening it to gambling rather than investing. The stocks soared nearly 80% on Tuesday, with Clayton questioning the role of social media in investment decisions. The meme stock phenomenon's resurgence has sparked debate over its sustainability and potential risks, despite some analysts, like Jim Cramer, predicting continued strong performance.

Portfolio Pulse from Pooja Rajkumari

May 14, 2024 | 2:20 pm

GMAB

Genmab announced the presentation of multiple abstracts on Epcoritamab at the 2024 European Hematology Association Congress scheduled for June 13-16. This event could highlight the potential of Epcoritamab in treating hematological malignancies and may influence Genmab's research and development direction.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 2:10 pm

GMAB

Genmab announced the presentation of multiple abstracts on Epcoritamab at the 2024 European Hematology Association Congress scheduled for June 13-16, 2024.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 2:09 pm

ACET

Adicet Bio, Inc. (NASDAQ:ACET), a biotech company, announced its participation in the 2024 EHA Hybrid Congress with a poster presentation on ADI-270, a therapy for cancer. The presentation will detail ADI-270's design for treating various cancer types and marks a significant step in the company's research and development efforts.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 2:07 pm

AGIO

Agios Pharmaceuticals, Inc. (AGIO) announced its participation in the EHA2024 Hybrid Congress in Madrid, Spain, from June 13-16, 2024, where it will present data from its Phase 3 ENERGIZE Study of Mitapivat in Non-Transfusion-Dependent Thalassemia during a plenary session. Additional presentations will include Quality of Life data from the ENERGIZE study and the design of the Phase 3 RISE UP Study of Mitapivat in Sickle Cell Disease. Agios will also host a virtual investor event on June 16, 2024.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 2:02 pm

TSLA

Elon Musk announced that the upcoming Tesla Roadster will be faster than the Model S Plaid, aiming for a 0 to 60 mph acceleration in less than 1 second. This decision was shared on X (formerly Twitter), surprising Tesla employees. Musk criticized a report by The Information regarding the Roadster's specs and the cancellation of the Model 2 project for a focus on robotaxis. The Roadster, benefiting from a Tesla and SpaceX collaboration, is expected to debut by end of 2024 with deliveries in 2025.

Portfolio Pulse from Anan Ashraf

May 14, 2024 | 1:32 pm