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NVDA

SLNH

Soluna Holdings, Inc. (NASDAQ: SLNH) has raised $12.5 million to support the launch of Soluna Cloud, which will utilize NVIDIA H100 GPUs. The company expects to generate $16M-$26M in annual revenue and $38M-$80M over the life of the contract.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 12:02 pm

ARGX

Argenx announced FDA approval of VYVGART Hytrulo for patients with Chronic Inflammatory Demyelinating Polyneuropathy.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 12:01 pm

GSK

PFE

GSK Plc has lost a contract to supply its RSV vaccine to the UK government, which has chosen Pfizer Inc.'s rival RSV shot instead. This is a significant setback for GSK.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 12:00 pm

ALNY

Alnylam Pharmaceuticals shares are trading higher after the company announced positive topline results from its HELIOS-B Phase 3 study of vutrisiran, meeting primary endpoints and showing statistically significant improvements across all secondary endpoints.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 11:59 am

MGM

MGM Resorts International's subsidiary, LeoVegas Group, has agreed to acquire Tipico's U.S. sportsbook and online casino platform. This strategic move aims to enhance LeoVegas' global sportsbook operations and boost MGM's digital gaming presence. The deal is expected to close in Q3 2024.

Portfolio Pulse from Shivani Kumaresan

June 24, 2024 | 11:57 am

VWAGY

Volkswagen has integrated OpenAI's ChatGPT into its new-generation infotainment systems, including the all-electric ID models, new Golf, new Tiguan, and new Passat. This integration allows drivers to use ChatGPT for various queries through the IDA voice assistant, enhancing the user experience without compromising data protection.

Portfolio Pulse from Anan Ashraf

June 24, 2024 | 11:57 am

ALNY

ALT

ARGX

CLOV

IONS

NTLA

PHAR

RXO

UPS

Several stocks are moving significantly in Monday's pre-market session. RXO, Inc. (NYSE:RXO) shares rose sharply after announcing the acquisition of Coyote Logistics from United Parcel Service, Inc. (NYSE:UPS). Alnylam Pharmaceuticals, Inc. (NASDAQ:ALNY) shares surged following positive Phase 3 study results. Other notable gainers include Altimmune, Inc. (NASDAQ:ALT), Clover Health Investments, Corp. (NASDAQ:CLOV), argenx SE (NASDAQ:ARGX), Intellia Therapeutics, Inc. (NASDAQ:NTLA), Pharming Group N.V. (NASDAQ:PHAR), and Ionis Pharmaceuticals, Inc. (NASDAQ:IONS).

Portfolio Pulse from Avi Kapoor

June 24, 2024 | 11:54 am

AMZN

BABA

BYDDF

NIO

TSLA

XIACF

Chinese automakers like BYD, Xiaomi, and Nio are using livestreaming to boost car sales, following a strategy similar to Tesla. This approach allows them to engage with younger consumers and showcase their vehicles' features in real-time, reducing traditional advertising costs.

Portfolio Pulse from Anusuya Lahiri

June 24, 2024 | 11:53 am

AMPS

Altus Power (NYSE:AMPS) has acquired an 8.5 MW solar project in New Jersey, expanding its portfolio in the state to 185.5 MW. The project will generate clean energy and Solar Renewable Energy Credits (SRECs) for PJM, the local independent system operator. The acquisition includes 63 acres of land, providing future redevelopment opportunities.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 11:48 am

BTCUSD

ETHUSD

GBTC

Bitcoin has dropped below $61,000, leading to $260 million in long positions being liquidated. Miners are under pressure to sell due to higher breakeven prices, and the German government has sold 3,000 BTC. Despite short-term volatility, QCP Capital is optimistic about a bullish turn towards the year-end. Ethereum shows strong bullish sentiment, partly due to expectations of an ETH spot ETF launch. Bitcoin spot ETFs have seen net outflows, but investor interest remains strong.

Portfolio Pulse from Murtuza Merchant

June 24, 2024 | 11:45 am