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SHFS

Safe Harbor Financial (NASDAQ: SHFS) has launched a new small business line of credit program, issuing $550,000 in credit lines to three Colorado cannabis businesses. This initiative aims to support small and mid-sized cannabis enterprises often overlooked by traditional financial institutions.

Portfolio Pulse from Nina Zdinjak

June 05, 2024 | 10:10 am

PII

Polaris Adventures, a division of Polaris Inc., is expanding its boat rental services across its network, offering more outdoor recreational options for customers.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 10:09 am

ON

ON Semiconductor has unveiled a comprehensive power solution featuring the latest T10 PowerTrench family and EliteSiC 650V MOSFETs aimed at enhancing energy efficiency in data centers.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 10:08 am

NIO

TSLA

Nio Inc. (NYSE:NIO) shares are rising after receiving approval to build a third factory in China, increasing its production capacity to nearly 1 million vehicles annually. This positions Nio close to Tesla Inc. (NASDAQ:TSLA), whose Shanghai facility can produce 1.1 million vehicles per year. The new factory will primarily manufacture vehicles for Nio’s new budget brand, Onvo.

Portfolio Pulse from Shivani Kumaresan

June 05, 2024 | 10:08 am

WCC

Wesco International has completed the acquisition of entroCIM, a company specializing in data center and building intelligence software, for an initial purchase price of $30 million.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 10:07 am

AAPL

DXCM

DexCom announced that its Dexcom G7 Continuous Glucose Monitoring System now connects directly to Apple Watch in the United States.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 10:03 am

AUPH

Aurinia Pharmaceuticals announced an upcoming oral presentation at the European Alliance of Associations for Rheumatology 2024 in Vienna, Austria, from June 12-15. The presentation will cover the safety and efficacy profile of Lupkynis for people with lupus nephritis.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 10:02 am

MNOV

MediciNova has received a Notice of Allowance from the US Patent and Trademark Office for a pending patent application covering MN-166 (Ibudilast) for the prevention of metastasis in various cancers.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 10:02 am

TSLA

Tesla Inc (NASDAQ:TSLA) will halt production for five days in June at its Berlin gigafactory to implement efficiency upgrades. This is the third production halt this year, following an arson attack in March and a one-day shutdown in May due to protests. Despite these interruptions, Tesla plans to expand the factory's capacity significantly.

Portfolio Pulse from Anan Ashraf

June 05, 2024 | 10:02 am

VIR

Vir Biotechnology announced new preliminary data from its Phase 2 SOLSTICE Hepatitis Delta trial. The data showed that Tobevibart, alone or combined with Elebsiran, was generally well tolerated and patients achieved high virologic response and ALT normalization.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 9:36 am