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RIVN

Rivian Automotive, Inc. (NASDAQ:RIVN) shares experienced volatility on Wednesday, initially rising due to cooler-than-expected inflation data but later giving up gains. The company recently announced new vehicle connectivity features called Connect+, which will be available this summer. Rivian's revenue growth in FY23 was 167.43%, but the stock has underperformed compared to its peers.

Portfolio Pulse from Erica Kollmann

June 12, 2024 | 8:29 pm

DOV

Hillphoenix has introduced ChargeSecure, a new technology for CO2 refrigeration systems that ensures charge preservation during power outages and service events.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 8:18 pm

AVGO

Broadcom reported that its revenue from AI products reached $3.1 billion in the last quarter.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 8:17 pm

VTOL

Bristow Group's UK subsidiary has secured a €100 million loan facility with NatWest, 80% of which is guaranteed by UK Export Finance. The funds will support next-generation search and rescue operations in Ireland.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 8:17 pm

ARM

Arm Holdings Plc (NASDAQ:ARM) shares are trading higher due to new CPI data and AI enthusiasm. The U.S. CPI showed a slight decrease in annual inflation and no growth on a monthly basis, with energy prices declining significantly. The semiconductor sector, including Arm Holdings, benefited from optimism around AI technologies.

Portfolio Pulse from Vaishali Prayag

June 12, 2024 | 8:13 pm

KINS

Kingstone Companies, Inc. (NASDAQ:KINS) has entered into an agreement with ClaimTouch Analytics Inc. to enhance its contents claims management using AI, machine learning, and big data.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 8:08 pm

SONY

FromSoftware's Hidetaka Miyazaki discussed the use of guides in Elden Ring, acknowledging it as a valid playstyle but emphasizing the studio's aim for organic gameplay. The upcoming DLC, Shadow of the Erdtree, requires players to defeat a challenging boss to access new content.

Portfolio Pulse from Franca Quarneti

June 12, 2024 | 8:08 pm

DOMO

Fluxx has partnered with Domo to streamline intelligence and enhance value for its customers, which include over 400 foundations and government organizations.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 8:06 pm

BRNS

Barinthus Bio is prioritizing the development of VTP-300 for chronic Hepatitis B and VTP-1000 for celiac disease. This strategic shift will result in a 25% workforce reduction and extend the company's cash runway into Q2 2026.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 8:02 pm

CARA

Cara Therapeutics has decided to discontinue its clinical program for oral difelikefalin in treating notalgia paresthetica after the KOURAGE-1 study showed no meaningful clinical benefit at any dose compared to placebo. The company will now explore strategic alternatives.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 8:01 pm