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PODD

Insulet Corporation reported preliminary Q2 revenue of $488 million, surpassing the estimated $460.275 million and exceeding their guidance range of 15% - 18% in constant currency. The strong performance was driven by high demand for Omnipod 5, leading to significant revenue growth and an increase in new customer starts both in the U.S. and internationally.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 10:02 am

BNBUSD

MATICUSD

SHIBUSD

Shiba Inu (SHIB) saw a 76% surge in Q2 order volumes on CoinGate, driven by the expansion of services on the Polygon and BNB Chain networks. This indicates growing mainstream adoption and significant engagement from whale investors.

Portfolio Pulse from Aniket Verma

July 26, 2024 | 9:39 am

AAPL

SPY

Apple has announced that it will adopt the voluntary AI safeguards established by the Biden administration. This move aligns Apple with the government's efforts to ensure responsible AI development and usage.

Portfolio Pulse from charles@benzinga.com

July 26, 2024 | 9:34 am

AMKR

Amkor Technology has signed a preliminary memorandum of terms with the US Department of Commerce to establish an advanced packaging and test facility in Arizona.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 9:08 am

EVTL

Vertical Aerospace announced that its latest VX4 prototype has successfully completed its first tethered piloted flight.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 9:06 am

AMZN

GOOG

GOOGL

Analysts at Wedbush Securities are optimistic about Amazon's (NASDAQ:AMZN) prospects, citing strong performance in the retail segment, rising operating margins, and growth in Amazon Web Services (AWS). They have set a 12-month price target of $225 and maintained an Outperform rating. AWS is expected to grow over 18% year-over-year in Q2, with AI contributions being a key focus. Despite some concerns about Q2 revenue guidance and Prime Day results, analysts believe Amazon is relatively insulated from competitive threats and continues to gain market share.

Portfolio Pulse from Kaustubh Bagalkote

July 26, 2024 | 9:06 am

TSLA

Tesla has warned customers against using wet cloths on supercharger cables to speed up charging, citing risks of overheating and damage. The company also reported a slowdown in the growth rate of its supercharger network, which has been impacted by recent layoffs. However, Tesla plans to invest $500 million in expanding the network this year.

Portfolio Pulse from Anan Ashraf

July 26, 2024 | 6:58 am

CALT

Calliditas Therapeutics AB (NASDAQ:CALT) announced that its Phase 2b TRANSFORM trial for setanaxib in primary biliary cholangitis (PBC) met its primary endpoint, showing significant improvement in ALP levels.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 6:53 am

ETHW

GBTC

An Ethereum banner was raised outside the NYSE, symbolizing the cryptocurrency's growing importance on Wall Street. The Bitwise Ethereum ETF (NYSE:ETHW) was prominently displayed, marking a significant moment in the crypto industry. The approval of spot Ethereum ETFs has led to high trading volumes and significant inflows.

Portfolio Pulse from Aniket Verma

July 26, 2024 | 6:50 am

ABBV

AbbVie has received EU approval for SKYRIZI to treat moderately to severely active ulcerative colitis in adults. This marks the fourth approved indication for SKYRIZI in the EU, supported by data from two pivotal Phase 3 trials.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 6:48 am