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HE

Hawaiian Electric Company has extended its petroleum fuels supply agreement through January 31, 2029, with automatic one-year extensions starting February 1, 2029.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 7:09 pm

LMT

RTX

The U.S. has approved a potential $100 million sale of Javelin missiles to Australia, as announced by the Pentagon. This deal may involve companies like Lockheed Martin and Raytheon Technologies, which are key players in the production of these missiles.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 7:07 pm

ALZN

CING

LQDA

SOND

TOVX

ZIM

U.S. stocks rose with the Nasdaq gaining 150 points. ZIM Integrated Shipping Services reported strong Q2 results, boosting its stock. Alzamend Neuro surged 474% after announcing a partnership for a PTSD study. Sonder Holdings rose 98% following a licensing deal with Marriott and securing $146M in liquidity. Liquidia Corporation fell 29% after FDA's tentative approval of YUTREPIA. Theriva Biologics and Cingulate Inc. also saw significant declines.

Portfolio Pulse from Avi Kapoor

August 19, 2024 | 6:37 pm

TEM

Tempus shares are trading higher after expanding collaboration and investing $36 million in Personalis by purchasing shares.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 6:31 pm

SOFI

SoFi Technologies, Inc. (NASDAQ:SOFI) shares rose on Monday with a trading volume of 22.823 million, below the 100-day average. The stock is trading near the upper end of its 52-week range, and recent options trading shows a bullish sentiment. Soros Fund Management added 300,000 shares of SoFi in Q2 2024.

Portfolio Pulse from Vaishali Prayag

August 19, 2024 | 6:19 pm

MAR

SOND

Sonder Holdings' stock surged over 125% following a licensing agreement with Marriott International. The deal will integrate Sonder's apartment-style accommodations into Marriott's system, enhancing Marriott's offerings. Sonder also secured $146 million in new liquidity.

Portfolio Pulse from Dylan Berman

August 19, 2024 | 5:55 pm

ELBM

Electra Battery Materials shares rose following a $20 million contract from the Department of Defense to complete a hydrometallurgical plant and produce cobalt sulfate.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 5:51 pm

ELBM

The Department of Defense has awarded $20 million to Electra Battery Materials Corp to establish a sustainable cobalt sulfate production facility in Ontario, Canada. This initiative aims to bolster North American production of critical minerals for large capacity batteries, supporting both defense and commercial sectors.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 5:47 pm

PL

Planet Labs shares rose following the announcement of a contract with the NCIA to enhance its space-based surveillance program.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 5:23 pm

H

JLL

JLL Hotels & Hospitality Group has secured $620 million in acquisition financing for the Hyatt Regency Orlando. The financing was arranged for RIDA Development Corporation and an Ares Management Real Estate fund, with Wells Fargo, Bank of America, and Deutsche Bank providing the loan. The Hyatt Regency Orlando is a large resort with extensive amenities and proximity to major attractions.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 4:57 pm