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CLSK

CleanSpark Inc. (NASDAQ: CLSK) announced it mined 445 bitcoin in June 2024, exceeding its mid-year target of 20 EH/s in operational hashrate. This achievement is attributed to the acquisition of five new bitcoin mining sites in Georgia. The company sold 8.06 bitcoin in June at an average price of $67,514 per bitcoin.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 1:02 pm

MULN

Mullen Automotive (NASDAQ: MULN) has announced its first sale of Mullen Commercial electric vehicles in Massachusetts through its new dealer partner, Eco Auto. The initial delivery will be made to a Massachusetts-based company specializing in custom home building, renovations, property management, and painting services.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 1:01 pm

SLB

TTE

TotalEnergies has announced a partnership with SLB to focus on sustainable energy initiatives. This collaboration aims to leverage both companies' expertise to advance clean energy solutions.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 12:55 pm

MRNA

The U.S. government has awarded Moderna Inc. a $176 million contract to accelerate the development of its bird flu vaccine, mRNA-1018, in response to rising H5N1 bird flu cases. The funding will support late-stage development and testing, with results expected later this year.

Portfolio Pulse from Benzinga Neuro

July 02, 2024 | 12:55 pm

AORT

Endospan has announced an agreement with Artivion for additional loans up to $25 million to support the FDA approval of the NEXUS Stent Graft System.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 12:53 pm

RNAC

Cartesian Therapeutics Inc (NASDAQ:RNAC) announced positive Phase 2b trial results for its autoimmune disorder candidate Descartes-08, achieving primary endpoints with statistical significance. The company also announced a $130 million equity raise. Despite the positive trial results, RNAC shares are down 17.6% in premarket trading.

Portfolio Pulse from Vandana Singh

July 02, 2024 | 12:51 pm

TSN

Tyson Foods Inc (NYSE:TSN) is scaling back its antibiotic-free beef products due to rising costs and increased regulations. This follows a similar move with chicken last year. Despite increasing beef prices, they are not enough to offset high costs, impacting Tyson's profitability. The company reported a slight sales decline in Q2 FY24.

Portfolio Pulse from Shivani Kumaresan

July 02, 2024 | 12:42 pm

ARDX

Ardelyx shares are trading lower after the company announced it will not apply to include XPHOZAH in the CMS End-Stage Renal Disease Prospective Payment System Transitional Drug Add-on Payment Adjustment.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 12:42 pm

RIVN

VWAGY

Rivian Automotive Inc. (NASDAQ:RIVN) has garnered investor interest due to a major investment by Volkswagen and its efforts to achieve profitability. Despite significant losses per vehicle, Rivian aims to turn its first quarterly gross profit in Q4 2024. The company plans to form a joint venture with Volkswagen, which will invest up to $4 billion by 2026. Rivian is also introducing cost-cutting measures and developing a cheaper R2 SUV to expand its market base.

Portfolio Pulse from Anan Ashraf

July 02, 2024 | 12:39 pm

INZY

Inozyme Pharma shares are trading higher after the company announced that the FDA granted Fast Track designation to INZ-701 for the treatment of ABCC6 Deficiency.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 12:34 pm