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ETHUSD

PYPL

SOLUSD

PayPal (NYSE:PYPL) has launched its PYUSD stablecoin on the Solana blockchain, known for its high transaction speed and low fees. Initially launched on Ethereum, PYUSD aims to expand its usage to retail payments and emerging markets. Despite regulatory scrutiny and technical challenges, PayPal remains confident in Solana's stability and plans to add PYUSD to more blockchains in the future.

Portfolio Pulse from Murtuza Merchant

May 29, 2024 | 4:24 pm

CMCSA

DIS

HDV

NFLX

VOX

Verizon Communications Inc. (NYSE:VZ) has launched a new phone upgrade plan offering significant discounts on YouTube Premium and Peacock. The plan includes various perks such as 60GB of mobile hotspot, high-speed international roaming, and global calling. Verizon also allows bundling of streaming services like Netflix and Disney+ into cost-effective plans. The stock has gained over 12% in the last 12 months.

Portfolio Pulse from Shivani Kumaresan

May 29, 2024 | 4:17 pm

BHVN

REGN

Biohaven Ltd. (NYSE:BHVN) stock is down 18.9% following updates on its immunology and oncology programs, including new clinical trials and a partnership with Regeneron Pharmaceuticals (NASDAQ:REGN).

Portfolio Pulse from Dylan Berman

May 29, 2024 | 4:03 pm

CCG

Cheche Group Inc. (NASDAQ:CCG) shares are trading higher ahead of its first-quarter financial results announcement. The company recently entered into an exclusive partnership with Volkswagen (Anhui) Digital Sales and Services Co., Ltd. for NEV insurance business.

Portfolio Pulse from Erica Kollmann

May 29, 2024 | 3:19 pm

WOR

Worthington Enterprises has signed agreements with Hexagon Composites to acquire Hexagon Ragasco and form a joint venture for a sustainability energy solutions business segment.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 2:58 pm

CRM

Salesforce (NYSE:CRM) is set to release its first-quarter financial results after the closing bell on Wednesday. Analysts expect earnings of $2.38 per share and revenue of $9.15 billion. IBM is exploring the use of its Granite model series on Salesforce's Einstein 1 platform. Salesforce shares fell 0.9% to $269.83 on Tuesday. Analysts have recently revised their ratings and price targets for Salesforce.

Portfolio Pulse from Avi Kapoor

May 29, 2024 | 2:56 pm

COP

ConocoPhillips has decided not to participate in the Alaska LNG project but is open to selling gas to the project's developer.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 2:49 pm

MSFT

The Atlantic and Vox Media have signed licensing and product deals with OpenAI. This collaboration aims to integrate AI technology into their media platforms, enhancing content creation and distribution. Microsoft, a major investor in OpenAI, could see indirect benefits from these deals.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 2:47 pm

BIDU

BKNG

TCOM

Trip.com Group Ltd. (NASDAQ: TCOM) reported a 27.8% increase in revenue for Q1, driven by strong demand during the Lunar New Year holiday. Despite positive results, the stock fell 2% post-announcement. The company is expanding its overseas operations and leveraging AI technology in partnership with Baidu's Ernie Bot. Analysts expect earnings growth, and the stock is considered undervalued compared to peers like Booking Holdings (NASDAQ: BKNG).

Portfolio Pulse from The Bamboo Works

May 29, 2024 | 2:38 pm

ETN

PLTR

Palantir Technologies Inc. (NYSE:PLTR) shares are trading lower today following the announcement of an expanded partnership with Eaton Corporation (NYSE:ETN). The deal will integrate Palantir’s Artificial Intelligence Platform (AIP) into Eaton’s operations, enhancing their ERP implementations and AI innovation journey. Despite the positive news, PLTR shares are down 1.47% to $20.74.

Portfolio Pulse from Nabaparna Bhattacharya

May 29, 2024 | 2:18 pm