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GM

TSLA

General Motors' autonomous driving unit, Cruise, has appointed Marc Whitten as its new CEO, effective June 16, as it seeks to resume its robotaxi operations. The company had suspended operations following an accident but has resumed manual driving in Phoenix and Dallas. GM is investing $850 million to cover Cruise's operating costs and is seeking external financing. Tesla is also preparing to unveil its robotaxi offering on August 8.

Portfolio Pulse from Anan Ashraf

June 26, 2024 | 12:41 pm

BHP

BHP Group Ltd (NYSE:BHP) anticipates an increase in carbon emissions for 2024 due to organic growth and lower metal content in extracted ore. Despite this, BHP remains committed to reducing its operational greenhouse gas emissions by 30% from 2020 levels by 2030. The company plans to increase the use of solar power and transition to full-battery electric trucks. BHP also aims to collaborate with steel producers to reduce emissions intensity by 30% by 2030 and is considering ammonia-fueled ships and methane drainage to cut emissions in shipping and coal mining.

Portfolio Pulse from Stjepan Kalinic

June 26, 2024 | 12:40 pm

CBUS

Cibus has expanded its intellectual property coverage by securing additional patents for 10 plant trait and editing families. This strengthens its portfolio in areas such as pod shatter reduction, herbicide tolerances, high fiber wheat, and improved quality alfalfa. The patents cover regions including Europe, Asia, Latin America, Canada, and the U.S.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 12:40 pm

RWLK

ReWalk Robotics has launched the new AlterG NEO Anti-Gravity Treadmill, which combines a user-friendly design with trusted anti-gravity technology for rehabilitation and training. The cost-effective price aims to make this technology accessible to more clinics and facilities.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 12:38 pm

WKHS

Workhorse Group Inc. (Nasdaq: WKHS) has expanded its certified dealer network by adding Eco Auto of North Boston, marking its 13th dealer nationwide and the first in the Greater Boston area. This move is part of Workhorse's strategy to pioneer the transition to zero-emission commercial vehicles.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 12:38 pm

SOAR

Volato has announced updates on its aircraft deliveries. The company will receive a HondaJet in June, two additional HondaJets in July, and its first Gulfstream G280 in August.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 12:36 pm

BTCUSD

ETHE

ETHUSD

Bitwise CIO Matt Hougan predicts that spot Ethereum ETPs could attract $15 billion in net inflows within the first 18 months. This projection is based on the market capitalizations of Bitcoin and Ethereum, and the expected conversion of the Grayscale Ethereum Trust to an ETP. VanEck plans to be highly competitive in the Ethereum ETF space, potentially accelerating adoption.

Portfolio Pulse from Murtuza Merchant

June 26, 2024 | 12:35 pm

GILD

Gilead Sciences Canada announced that its Phase 3 PURPOSE 1 trial for Lenacapavir showed 100% efficacy in preventing HIV in cisgender women. An independent Data Monitoring Committee recommended stopping the blinded phase and offering open-label Lenacapavir to all participants.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 12:34 pm

RNXT

The University of Nebraska Medical Center will enroll patients for RenovoRx's Phase III TIGeR-PaC clinical trial, which is focused on treating pancreatic cancer.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 12:34 pm

CLIR

ClearSign Technologies has announced the order of its largest burner to date, with delivery expected in Q3.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 12:33 pm