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CDK

CDK Global has informed car dealers that the outage of its Dealer Management System (DMS) due to a cyberattack will not be resolved before June 30. This prolonged outage is causing significant disruptions for car dealers who rely on CDK's DMS for their operations.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 5:47 pm

RDDT

Reddit has announced that good faith actors, including researchers and organizations like Internet Archive, will continue to have access to Reddit content for non-commercial use.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 5:38 pm

RDDT

Reddit is set to update its Robots Exclusion Protocol (robots.txt) in the coming weeks. The update will continue to block and rate-limit unknown bots and crawlers.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 5:37 pm

WVE

Wave Life Sciences' stock is trading lower following the announcement of results from its Phase 1b/2a SELECT-HD clinical trial of WVE-003.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 5:31 pm

NVDA

DigiAsia shares are trading higher after its subsidiary, Digi Tech, secured 5,120 NVIDIA H200 GPUs for AI solutions development.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 5:28 pm

ECX

ECARX shares are trading higher following the announcement of a partnership with DXC Luxoft to accelerate the development of in-vehicle capabilities.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 5:25 pm

ARM

CCL

COIN

MARA

NCLH

NVDA

RCL

SEDG

SMH

SNX

Tech stocks are rebounding, led by Nvidia's 4% rise, reclaiming its $3 trillion valuation. The VanEck Semiconductor ETF also rose 1.8%. Cruise lines and crypto stocks saw gains, while non-tech sectors lagged. Treasury yields increased slightly, and commodities mostly declined.

Portfolio Pulse from Piero Cingari

June 25, 2024 | 5:19 pm

IONS

Ionis Pharmaceutics shares are trading higher after the FDA accepted olezarsen FCS New Drug Application for Priory Review. Additionally, the company completed enrollment in its Phase 3 sHTG program.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 5:15 pm

ALB

Albemarle has stated that new U.S. lithium projects will need different market economics or increased support from the U.S. government to be viable. This highlights the challenges faced by the lithium industry in the U.S. and the potential need for policy changes or subsidies.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 5:07 pm

ALB

Albemarle Executive Eric Norris advises against investing in lithium facilities at current market prices, citing concerns over high lithium prices.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 5:03 pm