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Federal Reserve's Barkin mentioned that productivity is slightly higher than before, which could have implications for economic growth and monetary policy.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 3:08 pm

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EWC

Westjet Group has announced the addition of two Boeing 737 Max 8 aircraft to its fleet, with plans to acquire two more from Aviation Capital Group and High Ridge Aviation.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 3:08 pm

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USO

The article discusses the current state of the stock market, highlighting the momentum-driven rally in AI stocks and the potential risks associated with it. It mentions the SPDR S&P 500 ETF Trust (SPY) as a key indicator, noting its overbought status and low trading volume. The article also covers the recent retail sales data, which came in below expectations, and the bankruptcy filing of Fisker Inc. Additionally, it provides insights into early trade money flows for major tech stocks and ETFs, as well as the behavior of the 'momo crowd' and 'smart money' in various asset classes.

Portfolio Pulse from The Arora Report

June 18, 2024 | 3:06 pm

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SQ

Elon Musk plans to integrate a payments network into X, aiming to transform it into an 'everything app.' The new features will resemble Venmo, allowing users to store money, make payments, and purchase goods. Despite a 40% revenue decline in the first half of 2023, X is pushing forward with securing money transmitter licenses in the U.S. and plans to launch payment services later this year.

Portfolio Pulse from Murtuza Merchant

June 18, 2024 | 3:05 pm

FOUR

FEVO has chosen Shift4 as its preferred payment processor for all music festivals and General Admission events, enhancing payment and checkout solutions for venue, touring, and festival clients.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 3:03 pm

SGH

Penguin Solutions, a brand under SGH, has expanded its OriginAI solution to include validated AI architectures with NVIDIA technology. This expansion aims to accelerate AI factory deployment and optimize performance, supported by intelligent cluster management software and expert services.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 3:02 pm

AAPL

Apple has suspended work on its next high-end headset to focus on releasing a cheaper model by late 2025.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 3:02 pm

MLSS

Milestone Scientific has received ANVISA approval to market its CompuFlo Epidural System in Brazil. The company aims to expand its addressable market by leveraging the technological advantages of its system. Brazil conducts 4-5 million epidural procedures annually.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 3:00 pm

BDRX

Biodexa Pharmaceuticals has been granted U.S. Patent Number 12,011,445 for the prevention of pancreatic cell degeneration, aimed at treating Type I Diabetes. The patent is licensed from Melior Pharmaceuticals.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 2:58 pm

NGNE

Neurogene shares are trading lower after the company announced that the first patient in Cohort 2 received high-dose NGN-401 gene therapy in the Phase 1/2 trial for female pediatric patients with Rett syndrome.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 2:57 pm