Streetbeat News

Products Services

LILM

Lilium and eVolare have signed agreements for the purchase of 4 Lilium Jets, with an option for 12 more. The agreements include delivery schedules, guarantees, and warranties, along with deposits and pre-delivery payments. eVolare plans to operate Lilium Jets in the London area, connecting the city with outer regions and coastal areas.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 7:21 am

LCID

TSLA

Lucid CEO Peter Rawlinson criticized Tesla, suggesting the company has lost focus and is distracted by social media and politics. Rawlinson, who worked at Tesla from 2009 to 2012, believes Lucid can now take the lead in EV technology. The rivalry between Lucid and Tesla is intense, with Elon Musk previously predicting potential bankruptcy for Lucid. Lucid is expanding its market with a new midsize vehicle expected in 2026 but is currently unprofitable.

Portfolio Pulse from Anan Ashraf

May 29, 2024 | 7:19 am

LILM

Lilium has partnered with Luxaviation to enhance operations and ground infrastructure for the Lilium Jet. This deal involves preparing ExecuJet Fixed Base Operations (FBOs) and new locations for the Lilium Jet, with ExecuJet's lounges playing a key role in Lilium's EMEA network expansion.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 7:14 am

SKM

Swift Navigation and SK Telecom have partnered to deploy and operate the Skylark® Precise Positioning Service in Korea, enhancing GNSS accuracy for connected and autonomous vehicles and devices.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 6:51 am

GOOG

GOOGL

YouTube users with ad blockers are experiencing videos skipping to the end or endless loading when trying to skip to a specific part. This issue only occurs with ad blockers enabled, leading to speculation that YouTube is discouraging ad blocker use. YouTube has been cracking down on ad blockers, prompting users to disable them or pay a fee.

Portfolio Pulse from Ananya Gairola

May 29, 2024 | 6:14 am

BTCUSD

Economist Peter Schiff mocked Bitcoin by suggesting a scenario where all publicly traded U.S. companies liquidate their assets and invest in Bitcoin, leading to a massive increase in Bitcoin's value. Schiff's tweet aimed to ridicule Bitcoin's utility, sparking responses from Bitcoin advocates who defended its role as a store of value.

Portfolio Pulse from Aniket Verma

May 29, 2024 | 6:07 am

PFE

RHHBY

Roche's Genentech has been granted Priority Review by the FDA for Inavolisib, an investigational oral therapy, in combination with Palbociclib (Ibrance) and Fulvestrant. The FDA decision is expected by November 27, 2024. This regimen targets PIK3CA-mutated, HR-positive, HER2-negative, locally advanced or metastatic breast cancer.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 5:08 am

YY

JOYY Inc. reported its Q1 2024 operational highlights, showing a slight increase in global average mobile MAUs to 277.3 million from 272.9 million YoY. However, individual platforms like Bigo Live, Likee, and Hago saw declines in MAUs due to reduced spending on user acquisition. The total number of paying users for BIGO increased to 1.67 million from 1.57 million YoY, although the average revenue per paying user decreased to $235.4 from $244.8.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 4:56 am

SHIBUSD

WIFUSD

Memecoins like Shiba Inu and dogwifhat posted double-digit gains despite dips in major cryptocurrencies like Bitcoin and Ethereum. Shiba Inu's rise is partly due to an upcoming airdrop in the Shibarium ecosystem.

Portfolio Pulse from Aniket Verma

May 29, 2024 | 2:52 am

F

GME

HOOD

NVDA

TSLA

U.S. stocks showed mixed results on Tuesday with the Dow Jones down, S&P 500 slightly up, and Nasdaq gaining. Nvidia, GameStop, Robinhood, Ford, and Tesla were notable stocks on investors' radars. Nvidia saw a significant increase, GameStop rallied after a share offering, Robinhood dipped slightly, Ford fell due to insider selling, and Tesla declined amid lower insurance registrations in China.

Portfolio Pulse from Benzinga Neuro

May 29, 2024 | 2:12 am