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LNZA

LanzaTech Global shares are trading higher following the company's announcement of the launch of CirculAir.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 4:32 pm

PSNY

Polestar (NASDAQ:PSNY) has begun delivering its Polestar 3 electric SUVs to customers, marking a significant milestone for the company. The initial deliveries are happening across two continents, with high customer interest and additional test-drive slots being made available.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 4:26 pm

ELAN

Elanco Animal Health (NYSE:ELAN) shares dropped 22.80% due to unexpected updates on FDA approval timelines and labeling for its drugs Zenrelia and Credelio Quattro. Zenrelia's U.S. label will include a boxed warning, potentially slowing adoption. Credelio Quattro faced a delay in its CMC section approval. Despite these setbacks, Elanco raised its Innovation Sales outlook for 2024 and 2025.

Portfolio Pulse from Vandana Singh

June 27, 2024 | 4:25 pm

BABA

JD

LLY

NVO

Novo Nordisk (NYSE:NVO) plans to limit initial sales of its obesity treatment Wegovy in China due to high demand and the need to balance global supply. The Chinese market for GLP-1 drugs like Wegovy could reach $5.5 billion by 2030. Novo Nordisk faces competition from Eli Lilly (NYSE:LLY) and local manufacturers seeking to produce generic versions. Wegovy is unlikely to be covered by China's national health insurance, targeting those who can pay out-of-pocket. Currently, Ozempic is available on platforms like JD.com (NASDAQ:JD) and Alibaba's (NYSE:BABA) Tmall.

Portfolio Pulse from Vandana Singh

June 27, 2024 | 4:13 pm

CALC

CalciMedica shares are trading lower after initially gaining on the announcement of topline data from its Phase 2b CARPO trial of Auxora in acute pancreatitis.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 4:11 pm

GOVX

GeoVax Labs shares are trading higher due to continued momentum. The company recently received a BARDA Project NextGen award to conduct a Phase 2b clinical study for its COVID-19 vaccine candidate, GEO-CM04S1.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 4:08 pm

AAPL

Apple is exploring a new method to make iPhone batteries more replaceable, which could enhance user convenience and potentially extend the lifespan of its devices.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 4:02 pm

TM

Toyota Motor Corporation (NYSE:TM) has issued a recall for over 145,000 vehicles due to potential airbag deployment issues and engine debris concerns. Additionally, Toyota's production in May 2024 dropped by 4%, with a significant 22% decrease in China. Despite these challenges, TM shares are trading slightly higher.

Portfolio Pulse from Nabaparna Bhattacharya

June 27, 2024 | 3:52 pm

BTCUSD

MSTR

MicroStrategy (NASDAQ:MSTR) announced updates to its MicroStrategy ONE and HyperIntelligence platforms, integrating AI-powered data insights and generative AI capabilities. The company also acquired 11,931 Bitcoin, bringing its total to 226,331 bitcoins. Following a dip on Monday due to Bitcoin's price drop, MSTR stock is trading higher as Bitcoin recovers. Analysts have issued various price target adjustments.

Portfolio Pulse from Dylan Berman

June 27, 2024 | 3:48 pm

SQ

Block CFO and COO Amrita Ahuja discussed the company's stance on regulation, product development, and security measures for Cash App in an interview on Bloomberg TV. She emphasized the company's openness to regulation, focus on shipping more products, and efforts to ensure Cash App's safety and security.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 3:38 pm