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HOOD

Robinhood Inc. (NASDAQ:HOOD) has acquired Bitstamp, a major crypto exchange, to accelerate its vision of reorganizing the financial system through cryptocurrencies. The acquisition has been praised by industry experts as a bold and significant move, despite Robinhood recently receiving a wells notice from the SEC. The deal is expected to have long-term implications for the fintech sector and the broader crypto market.

Portfolio Pulse from Murtuza Merchant

June 06, 2024 | 4:11 pm

LLY

Eli Lilly's Alzheimer's drug, donanemab, will face an FDA advisory committee vote on June 10 to assess its benefit-risk profile based on Phase 3 study data. The study showed statistically significant results in reducing cognitive decline and improving daily function in Alzheimer's patients.

Portfolio Pulse from Vandana Singh

June 06, 2024 | 4:07 pm

DLB

GE

Dolby Laboratories (NYSE:DLB) announced a $429 million all-cash acquisition of GE Licensing from GE Aerospace (NYSE:GE). The deal, expected to close by the end of fiscal year 2024, will add over 5,000 patents to Dolby's portfolio, particularly in video compression technology. The acquisition is anticipated to be accretive to Dolby's operating margins and EPS on a non-GAAP basis in fiscal 2025. GE Aerospace will retain its core aerospace and defense IP portfolio.

Portfolio Pulse from Shivani Kumaresan

June 06, 2024 | 4:06 pm

BTCUSD

SQ

Jack Dorsey, co-founder of Block (SQ), expressed concerns about the influence of algorithms on free will at the Oslo Freedom Forum. He suggested a marketplace of algorithms as a solution. Elon Musk agreed with Dorsey's views. Dorsey also discussed Bitcoin's potential, predicting it could reach over a million by 2030.

Portfolio Pulse from Khyathi Dalal

June 06, 2024 | 4:02 pm

RIVN

Rivian has introduced the second generation of its R1S SUV and R1T pickup, featuring advanced performance, an evolved tech platform, and updated designs. The new models start at $69,900 and include a Rivian-designed quad motor delivering 1,025 horsepower and 0-60 mph in under 2.5 seconds.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 4:01 pm

AONC

American Oncology Network shares are trading higher following the announcement of the opening of Low Country Radiation in Waycross, Georgia.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 4:00 pm

BX

LYFT

UBER

VNO

New York Governor Kathy Hochul has indefinitely paused NYC's congestion pricing plan, which would have charged $15 for entering Manhattan. The decision impacts truckers, rideshare apps like Uber and Lyft, and real estate owners like Blackstone and Vornado Realty Trust.

Portfolio Pulse from Hayden Buckfire

June 06, 2024 | 3:59 pm

WISA

WiSA Technologies shares are trading higher following the company's announcement of increased demand for its audio technology.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 3:58 pm

FRGT

Freight Technologies, Inc. (NASDAQ:FRGT) shares surged 85.6% after the company announced the addition of 26 new customers and 149 carriers to its AI-powered freight matching platform, Fr8App. This expansion enhances its service offerings and capacity, particularly in US domestic and US-Mexico cross-border services.

Portfolio Pulse from Dylan Berman

June 06, 2024 | 3:55 pm

EADSY

Airbus reported 24,032 gross aircraft orders from January to May and delivered 256 aircraft to 58 customers year-to-date.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 3:49 pm