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META

SNOW

Snowflake, Inc. (NYSE:SNOW) shares are trading higher after announcing a partnership with Meta (NASDAQ:META) to host Meta's Llama 3.1 collection of multilingual open source large language models (LLMs) in Snowflake Cortex AI. Snowflake's AI Research team has optimized Llama 3.1 for better performance and is open-sourcing its advanced LLM inference and fine-tuning optimization stack.

Portfolio Pulse from Dylan Berman

July 23, 2024 | 5:54 pm

BYDDY

BYD Co., Ltd. (OTC:BYDDY) is set to debut two new models of its Song family, the 2025 Song Plus DM-i and Song L DM-i SUVs, featuring the latest DM 5.0 hybrid system on July 25. The company has seen significant sales growth in its new energy vehicles (NEVs), with the Song family leading the sales.

Portfolio Pulse from Nabaparna Bhattacharya

July 23, 2024 | 5:36 pm

LUV

Southwest Airlines claims to have an 'exceptional' safety program with an FAA-accepted Safety Management System to manage and mitigate operational risks. The airline has also recently formed a dedicated team to enhance its existing safety management system.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 5:36 pm

AMZN

CMG

FTDR

JMIA

LCID

MBLY

PHM

TSLA

The article highlights unusual options activity for 10 consumer discretionary stocks, providing insights into potential trading opportunities. The stocks mentioned include AMZN, LCID, TSLA, F, JMIA, JD, PHM, MBLY, FTDR, and CMG, with varying bullish and bearish sentiments.

Portfolio Pulse from Benzinga Insights

July 23, 2024 | 5:35 pm

BTCUSD

Prediction market data shows a 28% chance of Donald Trump announcing a strategic Bitcoin reserve, reflecting skepticism among bettors. Discussions about integrating Bitcoin into national financial strategies are ongoing, with proposals to include Bitcoin in the U.S. Exchange Stabilization Fund. However, betting markets remain unconvinced of Trump's endorsement.

Portfolio Pulse from Murtuza Merchant

July 23, 2024 | 5:33 pm

RNAZ

Transcode Therapeutics Inc (NASDAQ:RNAZ) shares dropped by 62% to $0.30 after announcing a public offering of 10 million shares at $0.30 per share, aiming to raise $3 million. The funds will be used for product development and general corporate purposes.

Portfolio Pulse from Henry Khederian

July 23, 2024 | 5:26 pm

LNVGF

Lenovo plans to integrate AI into all its PCs by 2027, according to the company's device chief. This move aims to enhance user experience and productivity. The initiative reflects Lenovo's commitment to innovation and staying competitive in the tech industry.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 5:24 pm

ADIL

AZTR

CMCSA

Comcast Corporation (NASDAQ:CMCSA) shares fell 6.1% after reporting worse-than-expected Q2 sales results. Other notable stock movements include Azitra, Inc. (NYSE:AZTR) jumping 529% due to a new patent, and Adial Pharmaceuticals, Inc. (NASDAQ:ADIL) rising 148% after advancing a study. General Motors Company (NYSE:GM) fell 6.1% after delaying EV projects.

Portfolio Pulse from Avi Kapoor

July 23, 2024 | 5:21 pm

BLK

CBOE

COIN

ETHUSD

Nine spot Ethereum ETFs have launched on US exchanges, marking a significant milestone in the mainstream adoption of digital assets. Major financial players like BlackRock, Fidelity, and Grayscale are offering these ETFs, which have seen substantial trading volumes in their early hours. Experts have mixed views on the immediate impact, but agree on the long-term potential for increased institutional involvement and regulatory clarity.

Portfolio Pulse from Murtuza Merchant

July 23, 2024 | 5:21 pm

JNJ

Johnson & Johnson (NYSE: JNJ) has requested FDA approval for its esketamine nasal spray, Spravato, as a monotherapy for treatment-resistant depression (TRD) in adults. If approved, it will be the first monotherapy for TRD. The application is backed by positive Phase 4 study results. Spravato sales have shown nearly 100% growth year-over-year.

Portfolio Pulse from Nina Zdinjak

July 23, 2024 | 5:20 pm