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ORCL

Panasonic Information Systems has selected Oracle Exadata Database Service on OCI for its internal systems, migrating over 2,000 database environments across the Panasonic Group. The first phase of the migration has achieved a 50% reduction in database infrastructure costs.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 3:00 pm

TEM

Tempus AI (NASDAQ:TEM) is set to start trading on June 14 on the NASDAQ exchange. The IPO price is expected to be between $35.00 and $37.00 per share, with an insider lock-up period of 180 days ending on December 11, 2024. Tempus AI focuses on healthcare technology, combining diagnostics and data analytics to personalize medicine.

Portfolio Pulse from Benzinga Insights

June 13, 2024 | 3:00 pm

AMZN

BRK

DUK

GOOGL

MSFT

NUE

Alphabet Inc. (GOOGL) has signed an agreement with Berkshire Hathaway's NV Energy to supply its Nevada data centers with geothermal electricity, increasing its carbon-free power from 3.5 MW to 115 MW over six years. This move aligns with Google's goal to run entirely on clean energy by 2030. Similar deals have been made by Duke Energy (DUK) with Amazon (AMZN), Google, Microsoft (MSFT), and Nucor (NUE) to support carbon-free energy in the Carolinas.

Portfolio Pulse from Lekha Gupta

June 13, 2024 | 2:59 pm

AAUKF

JMXXF

SHTLF

South32's GEMCO shutdown due to cyclone damage has caused a significant supply shock in the manganese market, leading to a 33% price rally. The shutdown is expected to last until January 2025, affecting global supply and benefiting smaller miners like Jupiter Mines.

Portfolio Pulse from Stjepan Kalinic

June 13, 2024 | 2:57 pm

TMUS

UBER

Uber has expanded its JourneyTV to over 50,000 screens through a partnership with T-Mobile Advertising Solutions. This expansion leverages Octopus Interactive's rideshare media network to enhance advertiser reach.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 2:55 pm

URGN

UroGen Pharma announced positive results from its Phase 3 ENVISION trial for UGN-102, showing an 82.3% 12-month duration of response and a 79.6% complete response rate at three months. The side effect profile was consistent with previous trials.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 2:46 pm

ETHE

ETHUSD

SEC Chair Gary Gensler indicated that the approval of an Ethereum ETF (ETH ETF) could happen sometime in the summer. This news could impact the market sentiment around Ethereum and related financial products.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 2:36 pm

The FAA Administrator has stated that there are no specific talks with Boeing regarding increasing the production of the 737 MAX above the current cap of 38 planes per month, as reported by Reuters citing a Senate hearing.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 2:34 pm

ZAPP

Zapp Electric Vehicle Group shares are trading higher after the company announced a memorandum of understanding with Bounce Electric 1 Private to be its contract manufacturing partner for sales of the i300 in India.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 2:34 pm

QCOM

Analyst Ming-Chi Kuo highlights two new growth drivers for Qualcomm: the SM8750 (Snapdragon 8 Gen 4) and the X Elite and X Plus chips for Windows on ARM (WOA). The SM8750, set for mass production in 2H24, will be priced 25-30% higher than its predecessor due to advanced manufacturing technology. The X Elite and X Plus chips are expected to see significant shipment growth in 2024 and 2025. Qualcomm also plans to launch a low-cost WOA processor in 4Q25.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 2:26 pm