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DAL

JOBY

Joby Aviation is rumored to have partnered with Virgin Atlantic for a commemorative eVTOL photo shoot in London. This aligns with its existing deal with Delta, which owns half of Virgin Atlantic, suggesting a partnership for premium air-taxi services from vertiports to airports.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 5:19 pm

SNDL

SNDL Inc. has successfully bid to acquire Indiva Limited's business and assets, including its facility and brand portfolio, to enhance its market share in the Canadian cannabis edibles sector. The transaction awaits court approval and is expected to close in SNDL's fourth quarter.

Portfolio Pulse from Jelena Martinovic

August 29, 2024 | 5:05 pm

GME

MSFT

SONY

GameStop is converting some stores into retro gaming retailers, focusing on older consoles and games to attract nostalgic gamers. This move aims to counteract the shift towards digital gaming and boost sales. GameStop's stock has risen recently, and more details may be revealed in their upcoming financial report.

Portfolio Pulse from Chris Katje

August 29, 2024 | 4:53 pm

LOUP

RDDT

Reddit, Inc. (NYSE:RDDT) shares surged after resolving a platform outage issue. The company reported strong second-quarter revenue and positive third-quarter forecasts. Investors can access Reddit stock via Innovator Deepwater Frontier Tech ETF (NYSE:LOUP).

Portfolio Pulse from Lekha Gupta

August 29, 2024 | 4:45 pm

COIN

SQ

Bridge, a new initiative by former Coinbase and Square executives, aims to enhance stablecoins with $58 million in funding. Stablecoins like Tether and USDC are gaining popularity for cross-border remittances and DeFi payments.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 4:37 pm

USO

Iraq's Prime Minister has reaffirmed the country's commitment to OPEC's oil output policies and the OPEC+ agreement during a meeting with the OPEC Secretary General.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 4:36 pm

ARGX

JNJ

UCBJF

Johnson & Johnson has submitted a Biologics License Application to the FDA for nipocalimab, a drug for generalized myasthenia gravis (gMG). This marks the first FDA submission for nipocalimab, which showed positive results in a Phase 3 study. The drug will compete with UCB's Rystiggo and Argenx's Vyvgart in the gMG market.

Portfolio Pulse from Vandana Singh

August 29, 2024 | 4:29 pm

UTME

UTime Ltd is addressing recent share price volatility by initiating an internal investigation to check for information leaks or other factors. The company may also start a short-selling investigation. UTime has entered the medical industry, collaborating with Dr. Ehud Baron and planning to acquire a lab for monkeypox vaccine development.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 4:16 pm

XPEV

XPeng shares rise as the company plans a European manufacturing site to mitigate import tariffs and launches a $20,000 vehicle with self-driving features.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 4:10 pm

HAIL

PSNY

Polestar Automotive Holding (NASDAQ:PSNY) shares surged after reporting a significant increase in Q2 deliveries, with a notable 82% rise quarter-over-quarter. The company also announced effective inventory management and a new CEO appointment. Polestar is optimistic about stronger sales in the second half of the year, particularly with the launch of new SUVs.

Portfolio Pulse from Lekha Gupta

August 29, 2024 | 4:09 pm