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SOUHY

TMQ

The Biden Administration has halted the Ambler Road project in Alaska to protect the environment and Native communities, impacting potential mining developments by Trilogy Metals and South32.

Portfolio Pulse from Stjepan Kalinic

July 01, 2024 | 8:22 pm

CDXS

Codexis, Inc. (NASDAQ:CDXS) has entered into an asset purchase agreement with Crosswalk Therapeutics for its investigational Fabry and Pompe disease compounds. Codexis is eligible for future development and commercial milestone payments, as well as a low-to-mid single-digit percentage net sales-based royalty.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 8:11 pm

TSLA

Tesla Inc (NASDAQ:TSLA) is expected to report lower second-quarter deliveries than analysts' estimates, with significant focus on China. Expert Troy Teslike predicts 423,000 deliveries, lower than the consensus of 441,000. Analysts have mixed views on Tesla's future, with some seeing potential in upcoming events like the Aug. 8 robotaxi day.

Portfolio Pulse from Chris Katje

July 01, 2024 | 8:08 pm

MO

PM

Swedish Match is seeking FDA renewal for its Modified Risk Marketing Claim, presenting real-world evidence supporting reduced harm and population health benefits. The company proposes adjustments to increase switching from smoking and smokeless tobacco. Experts presented to TPSAC on June 26, 2024.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 8:06 pm

EIX

PCG

California is facing triple-digit temperatures this week, leading to blackout and fire risks. PG&E Corp (NYSE:PCG) may cut power to 12,000 homes and businesses, while Edison International (NYSE:EIX) is not planning any shutoffs. PG&E has faced significant liabilities from wildfires in the past and has invested heavily in updating its electrical grid.

Portfolio Pulse from Hayden Buckfire

July 01, 2024 | 8:03 pm

RPD

Rapid7 has agreed to acquire Noetic Cyber, a company specializing in Cyber Asset Attack Surface Management. The acquisition is expected to close in Rapid7's fiscal third quarter and is not anticipated to materially impact the company's 2024 Annualized Recurring Revenue (ARR).

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 8:02 pm

ARCT

Arcturus Therapeutics (NASDAQ: ARCT) provided mid-year updates on its ARCT-810 and ARCT-032 programs. The ARCT-810 Phase 2 study in Europe has completed enrollment, with data expected later this year. The U.S. Phase 2 program will expand to include patients with more severe disease. An IND for ARCT-032's Phase 2 study will be submitted within 60 days.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 8:02 pm

IBM

MSFT

IBM and Microsoft have announced a collaboration to enhance cybersecurity for clients, focusing on modernizing security operations and protecting hybrid cloud identities. This partnership combines IBM's cybersecurity services with Microsoft's security technology.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 8:01 pm

BAESY

DRS

Leonardo DRS has delivered its 1,000th advanced sensor package for BAE Systems' 2-Color Advanced Warning System, which enhances missile warning and hostile fire detection for U.S. Army pilots and crews.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 8:00 pm

SNOW

Snowflake Inc. (NYSE:SNOW) shares rose on Monday after Goldman Sachs reiterated its Buy rating and added the company to its Conviction List. Analyst Kash Rangan emphasized Snowflake's potential in cloud software and data analytics, highlighting its strategic position in the AI Revolution and the new CEO's strategy to accelerate product development. Rangan forecasts robust top-line growth and strong free cash margins.

Portfolio Pulse from Vaishali Prayag

July 01, 2024 | 8:00 pm