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TSLA

Tesla Inc. (NASDAQ: TSLA) held its annual shareholders meeting where CEO Elon Musk shared an optimistic outlook for the company's future, including advancements in autonomous driving, the Cybertruck, and the Tesla Semi. Musk also hinted at a potential $30 trillion valuation for Tesla, driven by innovations like the Optimus bot.

Portfolio Pulse from Chris Katje

June 13, 2024 | 10:03 pm

BTCUSD

DOGEUSD

ETHUSD

MSTR

Cryptocurrency markets are trading in the red following the FOMC meeting, with Bitcoin, Ethereum, and Dogecoin experiencing declines. Notable developments include MicroStrategy's plan to raise $500M to boost Bitcoin holdings and the listing of a Bitcoin ETF by Commonwealth Bank of Australia. Despite the downturn, some analysts remain optimistic about Bitcoin's long-term prospects.

Portfolio Pulse from Khyathi Dalal

June 13, 2024 | 9:21 pm

TSLA

Tesla shareholders approved a $56 billion pay package for CEO Elon Musk and other company proposals during the annual shareholders meeting. Key highlights included the success of the Model Y, the start of Cybertruck deliveries, and advancements in AI and FSD. The re-classification of Tesla's corporate headquarters from Delaware to Texas was also approved.

Portfolio Pulse from Chris Katje

June 13, 2024 | 9:19 pm

BMY

Bristol Myers Squibb announced that the FDA has granted accelerated approval to Augtyro (Repotrectinib) for patients with NTRK-positive locally advanced or metastatic solid tumors.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 8:48 pm

GANX

Gain Therapeutics plans to offer and sell shares of its common stock or pre-funded warrants in a public offering. The company expects to grant the underwriter a 30-day option to purchase up to an additional 15% of the shares and warrants. Proceeds will be used for the development of GT-02287 and general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 8:46 pm

DYN

Dyne Therapeutics' DYNE-302 showed prolonged activity in preclinical models of facioscapulohumeral muscular dystrophy (FSHD). The data was presented at the FSHD Society International Research Congress.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 8:43 pm

MSM

MSC Industrial reported preliminary Q3 net sales of approximately $978M-$980M, down 7.3%-7.1% year-over-year, missing the estimated $1.022B. The company also lowered its full-year 2024 outlook due to ongoing manufacturing softness and issues with their web price realignment.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 8:34 pm

TSLA

Tesla has announced its 2024 Annual Stockholder Meeting, which will be held on a specified date. The meeting will cover various topics important to shareholders, including company performance, future plans, and possibly new product announcements.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 8:29 pm

F

Ford Motor Co. (NYSE:F) is allowing all U.S. dealerships to sell electric vehicles (EVs) starting July 1, discontinuing its Model e certification program. This move is expected to double the number of Ford dealers eligible to sell EVs to 2,800 and boost EV sales, which have already seen an 88% increase this year.

Portfolio Pulse from Aaron Bry

June 13, 2024 | 8:20 pm

VXRT

Vaxart shares are trading higher after receiving a BARDA-funded Project NextGen award valued up to $453 million to conduct a Phase 2b study for its COVID-19 oral pill vaccine candidate.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 8:16 pm