Streetbeat News

Products Services

CERO

LGVN

TSLA

Market-Moving News for June 13th highlights significant developments for Tesla, Longeveron, and CERo Therapeutics. Tesla's stock is expected to rise following positive shareholder meeting outcomes. Longeveron shares surge due to a favorable research report. CERo Therapeutics completes pre-IND manufacturing, planning FDA submission.

Portfolio Pulse from ryanfaloona@benzinga.com

June 13, 2024 | 12:28 pm

HMC

MTSUY

Honda Motor Co., Ltd. (NYSE:HMC) is set to launch its new N-VAN e, a mini-electric vehicle designed for commercial use, in Japan on October 10, 2024. This model is part of Honda's strategy to achieve 40% of its global sales from electric and fuel cell vehicles by 2030. The N-VAN e: features advanced EV technology, a large-capacity battery, and a practical range of 245 km. Honda is also collaborating with Mitsubishi Corp. (OTC:MTSUY) on battery technologies through their joint venture ALTNA Co.

Portfolio Pulse from Shivani Kumaresan

June 13, 2024 | 12:27 pm

GS

Goldman Sachs Group Inc. (NYSE:GS) plans to double its lending to ultra-wealthy private bank clients by 2029 as part of its wealth management expansion strategy. The bank aims to provide more loans for significant purchases and leverage against illiquid assets. This move aligns with Goldman Sachs' broader strategy to diversify its business beyond trading and investment banking.

Portfolio Pulse from Benzinga Neuro

June 13, 2024 | 12:18 pm

STKH

Steakholder Foods Ltd. (NASDAQ:STKH) has announced a strategic partnership with Sherry Herring to introduce a new line of vegan fish salads using its proprietary SHFISH™ premix blends. This collaboration aims to expand Steakholder Foods' geographic footprint, customer base, and product lineup.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 12:17 pm

CERO

CERo Therapeutics has completed pre-IND manufacturing for its lead therapeutic, CER-1236, and plans to submit an application to the FDA for Phase 1 human trials.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 12:16 pm

AMZN

META

QCOM

Samsung Chairman Jay Y. Lee has engaged in strategic talks with Meta, Amazon, and Qualcomm to discuss potential cooperation in AI, cloud services, and semiconductors. These discussions will guide a strategic meeting for Samsung at the end of June, aiming to solidify its position in the chip market.

Portfolio Pulse from Benzinga Neuro

June 13, 2024 | 12:16 pm

BLNK

Blink Charging Co. (NASDAQ:BLNK) has achieved 'In Process' status from FedRAMP for its EV charging solutions. Once fully accredited, Blink's network will be available to U.S. government agencies. Full compliance is expected by Q3 2024.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 12:16 pm

GRRR

Gorilla Technology Group Inc. (NASDAQ:GRRR) has issued a letter to its stockholders addressing recent stock price concerns and highlighting significant project wins in Taiwan. The company has secured three major projects and raised $12 million to support its ambitious initiatives. CEO Jay Chandan reassures investors of the company's resilience and commitment to innovation in the AI and cybersecurity sectors.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 12:11 pm

JNJ

XNCR

Xencor has been notified that Janssen will terminate its rights to Plamotamab under their license agreement. As a result, Xencor will regain exclusive worldwide rights to the CD20 x CD3 bispecific T-cell engager.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 12:09 pm

RTX

RTX's Raytheon unit has been awarded a $506 million contract by NASA to design and build the Landsat Next Instrument Suite.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 12:08 pm