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WMT

Richtech Robotics Inc. (NASDAQ:RR) shares surged 42.9% after installing its advanced robotic beverage system, ADAM, at Ghost Kitchens International Inc. in Dawsonville, Georgia. This marks the beginning of a partnership to install ADAM in 240 locations, starting with a site inside a Walmart Inc. (NYSE:WMT). The collaboration aims to enhance operational efficiency and customer experience in the food and beverage industry.

Portfolio Pulse from Lekha Gupta

July 22, 2024 | 2:47 pm

XPEV

XPeng Inc. (NYSE:XPEV) shares are trading higher following a report that the company and Volkswagen have established joint project houses in China to develop EV infrastructure. The partnership aims to begin production of EV architecture by 2026. Additionally, the People's Bank of China announced an interest rate cut to stimulate the economy.

Portfolio Pulse from Erica Kollmann

July 22, 2024 | 2:47 pm

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USO

The article discusses the stock market's reaction to Biden's withdrawal and Harris becoming the presumptive nominee. It highlights the positive money flows in major tech stocks and ETFs, and the potential impact on various assets including Bitcoin, gold, and oil.

Portfolio Pulse from The Arora Report

July 22, 2024 | 2:39 pm

MIRA

MIRA Pharmaceuticals Inc (NASDAQ:MIRA) announced promising preclinical results for its novel oral ketamine analog, Ketamir-2, which shows potential in treating neuropsychiatric disorders. The company plans to submit an IND application to the FDA by the end of the year. Ketamir-2 demonstrates better oral bioavailability and fewer side effects compared to traditional ketamine. MIRA's stock surged 151.20% to $1.73 following the announcement.

Portfolio Pulse from Vandana Singh

July 22, 2024 | 2:31 pm

JUPUSD

President Joe Biden's announcement not to seek reelection has caused significant losses and gains in betting markets and meme coins. Traders on Polymarket experienced substantial financial impacts, with one losing $2 million and another profiting $800,000. A trader betting on Kamala Harris saw a 6,000% increase in their position. Additionally, a trader lost nearly $8 million by switching investments from Jupiter (JUP) to the Biden-themed meme coin Jeo Boden (BODEN).

Portfolio Pulse from Khyathi Dalal

July 22, 2024 | 2:26 pm

SAVA

Cassava Sciences shares are trading higher following the announcement that its first Phase 3 trial is expected to conclude by December, with a second Phase 3 trial expected to conclude by June 2025.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 2:25 pm

HOOD

SHIBUSD

Shiba Inu (SHIB) has seen a significant increase in its burn rate, with 10.3 million SHIB coins burned in the past 24 hours. Despite this, SHIB's price has declined by 0.4% in the last 24 hours and 1.7% over the past week. The Shiba Inu community has petitioned Binance to implement a daily burn mechanism to boost the coin's price. Whale transactions have also been notable, with 2.7 trillion SHIB transferred from Robinhood to an unknown wallet. Technical analysis suggests a bearish long-term trend for SHIB.

Portfolio Pulse from Khyathi Dalal

July 22, 2024 | 2:16 pm

ERJ

Embraer has signed a contract with Austria and the Netherlands for a firm order of nine C-390 Millennium aircraft. The contract includes five aircraft for the Netherlands and four for Austria, with deliveries starting in 2027 and concluding by 2030. Embraer's defense head expects to increase production to 12 C-390 aircraft per year by 2030, up from four this year, despite supply chain challenges.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 2:02 pm

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Benzinga Market Summary: President Biden drops out of the race and endorses Vice President Harris. Crowdstrike shares continue to fall following a global outage. Israel's Prime Minister Netanyahu is set to visit Washington. Verizon slips on a revenue miss.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 1:51 pm

TSLA

Ford and GM are expected to report lower profits for Q2 due to challenges in their EV strategies and cyber outages affecting dealerships. Ford's profits may drop by 10% and GM's by 7.7%. The EV market slowdown and competition from Chinese EV makers and Tesla are contributing factors. GM is reducing its EV production target, and Ford is delaying new EV launches.

Portfolio Pulse from Shivani Kumaresan

July 22, 2024 | 1:47 pm