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SHEL

Shell plc (NYSE:SHEL) has updated its Q2 FY24 outlook, expecting non-cash post-tax impairments of $1.5 – $2 billion and pausing its biofuels project in Rotterdam. The company revised its production and sales volume guidance across various segments. SHEL shares are trading higher premarket.

Portfolio Pulse from Lekha Gupta

July 05, 2024 | 3:01 pm

IREN

Iris Energy Limited reported that it mined 233 Bitcoin in June 2024, providing a monthly investor update.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2024 | 3:01 pm

CORZ

Core Scientific (NASDAQ: CORZ) has secured high-performance computing hosting contracts with CoreWeave for 270MW of infrastructure, representing a total revenue opportunity of $4.7 billion over 12 years. The company earned 430 self-mined Bitcoin in June, totaling 4,506 Bitcoin year-to-date and 1,680 in Q2. Core Scientific also completed a 72MW expansion at its Denton, TX data center and began a project to complete 100MW of partially built infrastructure at its Pecos, TX data center.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2024 | 3:01 pm

AZN

The European Commission has approved AstraZeneca's Tagrisso (Osimertinib) in combination with Pemetrexed and platinum-based chemotherapy as a first-line treatment for advanced EGFR-mutated non-small cell lung cancer with specific genetic mutations.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2024 | 3:01 pm

MRK

RHHBY

Roche's Phase 2/3 SKYSCRAPER-06 study of tiragolumab plus Tecentriq and chemotherapy failed to show benefit over Merck's Keytruda in lung cancer patients. The study did not meet its primary endpoints of progression-free survival and overall survival. Roche plans to halt the study and evaluate changes to the ongoing tiragolumab program.

Portfolio Pulse from Vandana Singh

July 05, 2024 | 3:01 pm

JPM

Chase Bank's head, Marianne Lake, announced that customers may soon be charged for checking accounts and wealth-management tools as the bank plans to pass on the costs of higher regulation to customers. This move is expected to be followed by other banks in the industry.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2024 | 3:01 pm

TSLA

Tesla's expansion plans for its gigafactory in Brandenburg, Germany, have received approval from environmental authorities. This approval is crucial for Tesla's goal to double its battery production capacity and car production. German Chancellor Olaf Scholz supports the expansion despite protests from environmentalists and locals.

Portfolio Pulse from Anan Ashraf

July 05, 2024 | 3:01 pm

JEWL

MAXN

QLGN

STSS

Shares of Sharps Technology, Inc. (NASDAQ:STSS) surged 31.7% in pre-market trading after receiving two purchase orders for approximately one million SecureGard syringes for 2024 delivery. Other notable pre-market movers include Qualigen Therapeutics, Inc. (NASDAQ:QLGN) up 53%, Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) up 18.7%, and Adamas One Corp. (NASDAQ:JEWL) down 19.3%.

Portfolio Pulse from Avi Kapoor

July 05, 2024 | 3:01 pm

GLNG

Golar LNG has entered into definitive agreements with Pan American Energy for a 20-year deployment of a floating liquefied natural gas (FLNG) vessel in Argentina. The project is expected to start LNG exports by 2027, establishing Argentina as an LNG exporter. Golar will hold a 10% stake in Southern Energy S.A., a joint venture with PAE responsible for the purchase of domestic natural gas, operations, and sale and marketing of LNG volumes from Argentina.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2024 | 3:01 pm

RHHBY

Roche's Genentech has halted the SKYSCRAPER-06 trial after the combination of tiragolumab, Tecentriq, and chemotherapy showed reduced efficacy compared to the comparator arm. The trial did not meet the primary endpoints of progression-free survival and overall survival.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2024 | 3:01 pm