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META

Meta Platforms, Inc. (NASDAQ:META) CEO Mark Zuckerberg announced that the company's Llama 3.1 model has better cost performance than OpenAI's ChatGPT. He emphasized the benefits of open-source AI, predicting it will become the industry standard. Meta reported strong Q2 earnings, with revenue and adjusted earnings surpassing analyst expectations. Meta shares surged by 7.17% in after-hours trading.

Portfolio Pulse from Ananya Gairola

August 01, 2024 | 2:03 am

FOX

FOXA

NXST

NYT

Jim Cramer on CNBC's 'Mad Money' highlighted Fox Corporation, The New York Times Company, and Nexstar Media Group as potential winners in the media sector due to the upcoming presidential election. Increased viewership and political ad spending are expected to boost their revenues.

Portfolio Pulse from Benzinga Neuro

August 01, 2024 | 1:59 am

BTCUSD

Senator Cynthia Lummis introduced the BITCOIN Act to establish a U.S. strategic Bitcoin reserve, aiming to strengthen the U.S. dollar and address national debt. The bill proposes a $1 million purchase program to acquire 5% of Bitcoin's total supply over five years, with a minimum holding period of 20 years.

Portfolio Pulse from Aniket Verma

August 01, 2024 | 1:36 am

VET

Vermilion Energy has revised its full-year production guidance to 83,000 to 86,000 Boe/D, up from the previous range of 82,000 to 86,000 Boe/D.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 10:42 pm

OSTX

OS Therapies has priced its IPO at $4.00 per share, raising $6.4M. The funds will be used for clinical development of OST-HER2 and OST-tADC, new product discovery, and general corporate purposes. Trading on the NYSE American under the symbol 'OSTX' begins August 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 10:24 pm

META

SNAP

Snap Inc (NYSE:SNAP) shares are trading higher in after-hours trading, likely in sympathy with Meta Platforms Inc (NASDAQ:META), which reported better-than-expected earnings. Meta's strong advertising results and AI advancements are positively impacting Snap ahead of its own earnings report.

Portfolio Pulse from Adam Eckert

July 31, 2024 | 9:42 pm

EOLS

Evolus has raised its FY24 net revenue guidance to $260M - $270M, up from $255M - $265M, with an estimated $262.495M. The company expects an adjusted gross profit margin of 68%-71% for FY24 and aims for positive non-GAAP operating income in Q4 2024 and FY25. Evolus projects total net revenue to reach at least $700M by 2028, driven by its existing neurotoxin business and the anticipated launch of the Evolysse™ HA dermal filler product line in 2025.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 9:31 pm

HIVE

HIVE Digital Technologies Ltd. has signed agreements to develop a 100 MW hydroelectric data center in Paraguay. The project will utilize green energy from the Itaipu hydroelectric dam and aims to increase HIVE's Bitcoin mining capacity to 12.1 EH/s. The company has capped its investment at 100 MW due to fiscal policy changes.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 9:31 pm

DVN

ENB

FANG

MPC

WhiteWater, MPLX, and Enbridge have partnered with Targa Resources to construct the Blackcomb Pipeline. They have secured agreements with major shippers including Devon Energy, Diamondback Energy, Marathon Petroleum, and Targa Resources.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 9:23 pm

LRCX

Lam Research has introduced Lam Cryo 3.0, a new technology that enhances etch capabilities for 3D NAND flash memory. This innovation is expected to meet the growing demand for high-capacity memory driven by AI proliferation.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 9:13 pm