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BTCUSD

USDTUSD

Donald Trump has named Howard Lutnick, CEO of Cantor Fitzgerald, to lead his transition team if he wins the presidency. Lutnick's involvement is significant for the crypto sector, given Cantor Fitzgerald's role as a custodian for Tether (USDT). Trump has positioned himself as a strong ally of the crypto industry, with J.D. Vance as his pro-crypto vice-presidential pick.

Portfolio Pulse from Murtuza Merchant

August 16, 2024 | 6:34 pm

ULTA

Ulta Beauty shares are trading higher following the news that Berkshire Hathaway has added a stake in the company.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 6:26 pm

HLX

INOD

SOUN

The article highlights three small-cap AI stocks—SoundHound AI Inc (SOUN), Helix Energy Solutions Group Inc. (HLX), and Innodata Inc. (INOD)—that are making significant strides in their respective fields. SoundHound AI has surged 140% YTD, driven by strategic partnerships with Nvidia and Stellantis. Helix Energy Solutions is up 7.3% YTD, leveraging AI for environmental cleanup. Innodata has gained 118% YTD, focusing on generative AI and data engineering.

Portfolio Pulse from Surbhi Jain

August 16, 2024 | 6:18 pm

CNI

UNP

Union Pacific is closely monitoring labor negotiations involving Canadian railways and is in contact with its Canadian interchange partners. The company is adhering to embargos by Canadian Pacific Kansas City and Canadian National for certain traffic.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 5:24 pm

TKO

Linda McMahon, former WWE President and CEO, has been named co-chair of Donald Trump's 2024 Transition Team. McMahon, who has a long history with WWE and Trump, will work alongside Howard Lutnick, CEO of Cantor Fitzgerald. WWE, now a unit of TKO Group Holdings Inc (NYSE:TKO), has seen the McMahon family's influence wane, with Vince McMahon stepping down from leadership roles amid scandals.

Portfolio Pulse from Chris Katje

August 16, 2024 | 5:17 pm

MSFT

PLTR

Palantir Technologies (PLTR) shares are rising following strong earnings and a new partnership with Microsoft (MSFT). The company reported better-than-expected EPS and sales, and the partnership aims to enhance data analytics and AI services for the U.S. Defense and Intelligence Community.

Portfolio Pulse from Dylan Berman

August 16, 2024 | 5:14 pm

VRNOF

Mike Tyson's cannabis brand, TYSON 2.0, is expanding into Florida and Illinois through a partnership with Verano Holdings Corp. (CSE:VRNO, OTCQX:VRNOF). The deal will leverage Verano's cultivation facilities and dispensaries to distribute TYSON 2.0 products, including Mike Bites edibles and vape cartridges. This expansion aims to enhance TYSON 2.0's market presence in these states.

Portfolio Pulse from Jelena Martinovic

August 16, 2024 | 5:06 pm

ASTS

CING

PLTR

SNAP

WDAY

Benzinga's 'Stock Whisper' Index highlights five under-the-radar stocks: AST SpaceMobile, Cingulate Inc, Palantir Technologies, Workday Inc, and Snap Inc. AST SpaceMobile is set to launch five satellites, Cingulate received a European patent for its ADHD treatment, Palantir reported strong Q2 results and partnerships, Workday is set to report Q2 results, and Snap saw interest despite negative news.

Portfolio Pulse from Chris Katje

August 16, 2024 | 3:40 pm

GILD

Pantherx Rare is partnering with Gilead Sciences for the distribution of Livdelzi.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 3:38 pm

GOOGL

NVDA

TEM

Tempus AI Inc. (NASDAQ:TEM) has seen a significant rise in its stock price, reaching a new high of $47.81. The stock is up 17.27% since its IPO in June, driven by strategic investments from SoftBank and Google. SoftBank's recent acquisition of 5.41 million shares has particularly boosted investor sentiment. The stock is showing strong bullish signals, with its price well above key moving averages.

Portfolio Pulse from Surbhi Jain

August 16, 2024 | 3:24 pm