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STLA

Stellantis NV (NYSE:STLA) reported disappointing financial results for the first half of 2024, with significant declines in revenue, net profit, and adjusted EPS. The company plans to launch 20 new vehicles this year and may eliminate underperforming brands. Despite the poor results, Stellantis reiterated its financial guidance for 2024.

Portfolio Pulse from Anusuya Lahiri

July 25, 2024 | 1:35 pm

LAES

SEALSQ has announced the launch of quantum-resistant secure chips and new partnerships for chip design centers. Despite a slowdown in the first half of 2024, the company expects a stronger second half and significant growth in 2025, with a $71 million new business pipeline.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 1:30 pm

AAPL

ASX

ASE Technology Holding Co (NYSE:ASX), a chip supplier for Apple Inc (NASDAQ:AAPL), reported a 2.9% year-on-year revenue growth for Q2 2024, missing analyst estimates. The company also opened a new testing facility in San Jose, California, and plans to increase capital spending to meet growing demand.

Portfolio Pulse from Anusuya Lahiri

July 25, 2024 | 1:30 pm

META

Meta's Oversight Board has called for clearer regulations against AI-generated pornographic content on Meta's platforms, citing inadequacies in current rules. The Board reviewed two deepfake cases and criticized Meta's response. Meta will review the recommendations.

Portfolio Pulse from Benzinga Neuro

July 25, 2024 | 1:29 pm

BTCUSD

MARA

Marathon Digital Holdings Inc (NASDAQ:MARA) has announced the purchase of $100 million worth of Bitcoin and adopted a 'full HODL' strategy, retaining all Bitcoin it mines and making strategic open market purchases. Despite this, MARA shares are trading lower amid a drop in Bitcoin prices.

Portfolio Pulse from Adam Eckert

July 25, 2024 | 1:23 pm

ASTS

AST SpaceMobile Inc (NASDAQ:ASTS) shares are rising after the company announced the successful completion of its first five commercial satellites, called Bluebirds. These satellites are ready for shipment to Cape Canaveral in early August, with a launch window in September. The Bluebird satellites have undergone rigorous testing and will provide U.S. nationwide non-continuous service with over 5,600 cells in premium low-band spectrum, with a planned 10-fold increase in processing bandwidth.

Portfolio Pulse from Adam Eckert

July 25, 2024 | 1:22 pm

AZN

AstraZeneca reported mixed Q2 earnings with sales of $12.94 billion, beating expectations, and adjusted EPS of $1.98. The company raised its annual guidance due to strong demand for cancer and rare disease medicines. Despite the positive outlook, AZN stock is down 4.44% in premarket trading.

Portfolio Pulse from Vandana Singh

July 25, 2024 | 1:19 pm

GDYN

Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) has introduced an AI-powered Data Observability Starter Kit to help clients ensure data quality and accelerate AI solution development. The kit offers comprehensive data quality checks and pre-built integrations with major data platforms.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 1:16 pm

GILD

Gilead Sciences presented new 5-year data at the AIDS 2024 Conference, reinforcing Biktarvy as a long-term HIV treatment. The company also discussed investigational dosing frequencies aimed at expanding treatment options and addressing unmet needs. Key findings highlight Gilead's innovative HIV treatment portfolio and research pipeline.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 1:16 pm

TOON

Kartoon Studios, VeVe, and Multiverse Clothing Company have launched the first line of Stan Lee limited-edition 'phygital' collections at San Diego Comic-Con. This includes fine art digital and apparel collectibles.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 1:16 pm