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PepsiCo has waived a clause in its bottling agreement with Britvic, making Britvic a more appealing acquisition target for Carlsberg. This follows Britvic's rejection of a $3.9 billion bid from Carlsberg. The waiver will take effect if Britvic's board recommends and completes an acquisition by Carlsberg. PepsiCo's stock has lost more than 9% in the last 12 months, but shares were trading higher by 1.07% at $169.07 recently.

Portfolio Pulse from Shivani Kumaresan

June 24, 2024 | 3:02 pm

IIPR

Cody Shandraw, president of Healing Realty Trust, discussed the role of real estate in the growth of psychedelic therapies on Benzinga’s Cannabis Insider podcast. Shandraw highlighted the importance of specialized facilities for treatments like MDMA-assisted therapy and mentioned his investment in Innovative Industrial Properties (NYSE:IIPR) as a pivotal moment. Healing Realty Trust aims to develop real estate solutions to support the expansion of psychedelic therapies, with potential future expansions and an IPO.

Portfolio Pulse from Patricio Liddle

June 24, 2024 | 3:01 pm

TERN

Terns Pharmaceuticals shares are trading higher following the announcement that the company will present preclinical data on TERN-501 in combination with a GLP-1 receptor agonist for obesity at the American Diabetes Association 84th Scientific Sessions.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 2:58 pm

TDOC

Teledoc Health shares are trading higher after the company announced new research showing that its predictive AI-modeling has led to increased engagement among diabetes members.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 2:56 pm

MARA

Marathon Digital Holdings (NASDAQ:MARA) has launched a 2-megawatt pilot project in Finland that uses waste heat from Bitcoin mining to warm a community of 11,000 residents. This initiative aims to explore alternative revenue streams and reduce reliance on fossil fuels, marking Marathon's first venture into district heating solutions.

Portfolio Pulse from Murtuza Merchant

June 24, 2024 | 2:51 pm

NNE

NANO Nuclear Energy shares are trading higher following the company's acquisition of annular linear induction pump intellectual property, which is used in small nuclear reactor cooling and heat transfer.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 2:50 pm

DIS

DKNG

MGM

A bettor stands to win $584,000 from a $1,000 parlay bet if the Edmonton Oilers win the Stanley Cup. The bet was placed with BetMGM, a joint venture between MGM Resorts International and Entain. The Oilers have forced a Game 7 against the Florida Panthers, with the game airing on ABC and ESPN+, both units of The Walt Disney Company. Betting odds from DraftKings show a tight matchup.

Portfolio Pulse from Chris Katje

June 24, 2024 | 2:40 pm

ARWR

Arrowhead Pharmaceuticals shares are trading higher after the company presented preclinical data on ARO-INHBE at the American Diabetes Association 84th Scientific Sessions.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 2:32 pm

DE

Significant options activity has been observed in Deere (NYSE:DE), with a mix of bullish and bearish sentiment. The options trades suggest a price window of $380.0 to $420.0 for Deere. The stock is currently trading at $380.38, up by 1.42%, and may be approaching overbought territory.

Portfolio Pulse from Benzinga Insights

June 24, 2024 | 2:31 pm

EPOW

Sunrise New Energy shares are trading higher after the company announced its subsidiary was selected for the '2024 Guizhou Provincial Key Projects for Promoting the Utilization of Intellectual Property' funding list. Additionally, the company achieved a milestone by delivering 5,800 tons of energy storage material to Xiamen HiTHIUM Energy Storage Technology.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 2:28 pm