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LLY

SNY

Sanofi is nearing a decision to invest $1.4 billion to $1.6 billion in upgrading its insulin production site in Frankfurt, Germany. This move is expected to enhance the supply chain stability of its insulin brand, Lantus, and support Sanofi's long-term strategic goals. The investment is a significant win for Germany's healthcare sector, which has been actively attracting healthcare investments.

Portfolio Pulse from Vandana Singh

July 01, 2024 | 3:13 pm

GOOG

GOOGL

META

The Supreme Court has decided not to rule on the constitutionality of Texas and Florida laws aimed at preventing social media companies from banning users based on political views. This leaves lower court injunctions in place, impacting companies like Meta Platforms Inc (NASDAQ:META) and Alphabet Inc's (NASDAQ:GOOG) (NASDAQ:GOOGL) YouTube.

Portfolio Pulse from Michael Cohen

July 01, 2024 | 3:11 pm

BABA

BIDU

FXI

KWEB

MCHI

NIO

Chinese markets saw an uptick following positive manufacturing data for June, with the CSI 300 Index rising 0.5%. Key US-listed Chinese stocks and ETFs also experienced gains, including Alibaba, Baidu, and NIO. Renewed market intervention efforts and increased net assets in major ETFs contributed to the positive sentiment.

Portfolio Pulse from Michael Juliano

July 01, 2024 | 3:10 pm

TNXP

Tonix Pharmaceuticals (NASDAQ:TNXP) has secured a $34 million contract with the U.S. Department of Defense to develop broad-spectrum antiviral agents. The contract aims to enhance military medical readiness against biological threats. TNXP shares are up 3.34% following the announcement.

Portfolio Pulse from Vandana Singh

July 01, 2024 | 3:07 pm

XTIA

XTI Aerospace (NASDAQ:XTIA) has secured a $55 million investment from FC Imperial Limited to accelerate the development of its TriFan aircraft. The investment values XTI at $275 million post-money and aims to support key milestones, including design reviews and the assembly of the first test aircraft. Despite the positive news, XTIA shares are trading lower by 6.31% at $0.4141.

Portfolio Pulse from Shivani Kumaresan

July 01, 2024 | 3:06 pm

BITF

BTCUSD

Bitfarms Ltd (NASDAQ:BITF) shares are trading higher following a production and operations update for June. The company mined 189 Bitcoin in June, up from 156 in May, due to increased corporate hashrate. Despite some production curtailments, Bitfarms improved its efficiency and expanded its hashrate. The company aims to reach 21 EH/s in 2024 and 35 EH/s by the end of 2025. Additionally, a rise in Bitcoin's price may be contributing to the stock's upward movement.

Portfolio Pulse from Adam Eckert

July 01, 2024 | 3:06 pm

TSLA

Tesla Inc (NASDAQ:TSLA) is preparing to release its second-quarter delivery numbers, with expectations set at 440,000 units. This would mark a second consecutive year-over-year sales decline. Analysts have revised their estimates downwards, with RBC Capital Market and Barclays lowering their forecasts. China remains a crucial market, showing a potential mini-rebound in sales. Despite recent struggles, analysts remain optimistic about Tesla's future, particularly with the upcoming Robotaxi Day on August 8. Tesla shares rose 1.84% in premarket trading.

Portfolio Pulse from Shanthi Rexaline

July 01, 2024 | 3:03 pm

ORCL

Hitachi Construction Machinery has migrated its large-scale, mission-critical business systems to Oracle Cloud Infrastructure, resulting in a 20% reduction in operating costs and improved performance.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 3:02 pm

CDK

CDK Global expects all car dealership systems to be fully restored by early July 4, following recent disruptions.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 3:02 pm

CBIH

Cannabis Bioscience International Holdings (OTC:CBIH) has submitted patents for treatments targeting breast and pancreatic cancers. The company plans to accelerate innovation by submitting additional patents monthly and expanding its research team.

Portfolio Pulse from Jelena Martinovic

July 01, 2024 | 2:59 pm