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SILO

Silo Pharma shares are trading higher after the company obtained an exclusive global license to develop, manufacture, and commercialize its Alzheimer's drug.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 10:42 am

HES

IYE

XLE

XOM

Exxon Mobil Corporation plans to drill up to 30 wells in Guyana's Hammerhead project, aiming to boost daily oil output. The project, pending government approval, is expected to start production in 2029 and increase Guyana's capacity to over 1.4 million barrels per day. Exxon anticipates Hammerhead will produce 120,000-180,000 barrels of crude daily. The Stabroek joint venture generated significant profits for Exxon, Hess Corp., and CNOOC. Investors can gain exposure to Exxon via Energy Select Sector SPDR Fund and iShares U.S. Energy ETF.

Portfolio Pulse from Lekha Gupta

July 16, 2024 | 10:41 am

GM

STLA

Former Ford CEO Mark Fields expressed doubts about GM's ability to achieve mass adoption of its EVs, citing delays in hybrid market entry and EV production targets. GM announced a delay in its EV production target of one million units beyond 2025, attributing it to slower market development. Despite this, GM remains committed to an all-electric future, supported by a $1.1 billion grant from the Biden administration.

Portfolio Pulse from Benzinga Neuro

July 16, 2024 | 10:38 am

VIAV

VIAVI Solutions Inc. has launched new sensing solutions for fiber optic cables and fiber-enabled critical infrastructure. This development aims to enhance the performance and reliability of fiber networks.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 10:37 am

NUVL

Nuvalent will present updated data from its ARROS-1 and ALKOVE-1 Phase 1/2 clinical trials at the ESMO Congress 2024. The trials focus on zidesamtinib and NVL-655, respectively.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 10:36 am

SILO

Silo Pharma has obtained an exclusive global license to develop, manufacture, and commercialize its Alzheimer's drug. This strategic move positions the company to potentially make significant advancements in the treatment of Alzheimer's disease.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 10:31 am

CNHI

CNH Industrial has expanded its capabilities at its India Technology Center, enhancing its technological and engineering capabilities. This move is expected to bolster the company's global operations and innovation capacity.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 10:03 am

NKTX

Nkarta, Inc. (NASDAQ:NKTX) has appointed Nadir Mahmood, Ph.D., as President to drive innovation in cell therapy. The company also expanded the role of David R. Shook, M.D., to Chief Medical Officer, Head of Research & Development. These leadership changes aim to accelerate the development and commercialization of NK cell therapies.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 10:03 am

KBR

KBR has agreed to acquire LinQuest to enhance its technical capabilities in air, space, and digital domains.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 10:01 am

F

HYMTF

TSLA

Hyundai Motor plans to launch a refreshed Ioniq 5, an all-new Ioniq 5N, and a three-row electric SUV in the U.S. for the 2025 model year. The refreshed Ioniq 5 will feature a bigger battery and improved fast charging. Hyundai's U.S. sales have seen a year-on-year increase, with significant growth in Ioniq 5 sales.

Portfolio Pulse from Anan Ashraf

July 16, 2024 | 9:51 am