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META

PLTR

Mark Zuckerberg, CEO of Meta Platforms Inc., predicts a millennial president by 2032 and suggests a strategic shift for Meta to resonate more with millennials and Gen-Z. This comes amid several legal challenges for Meta, including lawsuits over children's safety, advertising misrepresentation, and data collection practices.

Portfolio Pulse from Rounak Jain

July 08, 2024 | 11:05 am

MEG

Montrose Environmental Group (NYSE: MEG) has acquired Spirit Environmental, a provider of air permitting and compliance services. The financial terms of the deal were not disclosed. Spirit's senior leadership will join Montrose's Consulting and Engineering division.

Portfolio Pulse from Benzinga Newsdesk

July 08, 2024 | 11:01 am

BYDDF

LI

NIO

XPEV

Chinese EV manufacturers are pivoting to Africa due to increased tariffs from the EU and US. Neta Auto has opened its first African store in Kenya and plans further expansion. Despite the tariffs, companies like BYD, NIO, XPeng, and Li Auto continue to grow globally.

Portfolio Pulse from Benzinga Neuro

July 08, 2024 | 11:00 am

KGEI

Kolibri Global Energy Inc. (NASDAQ: KGEI) expects Q2 revenue of $57M-$62M, driven by successful Nickel Hill wells. The company plans longer laterals and a share buyback to enhance field economics and shareholder value. Updated 2024 guidance includes a 14%-33% increase in average production and a 13%-23% increase in revenue.

Portfolio Pulse from Benzinga Newsdesk

July 08, 2024 | 10:57 am

WBX

Wallbox (NYSE:WBX) announced preliminary Q2 2024 revenue of approximately €49 million, marking a 50% year-over-year increase. The US market was a significant growth driver with a 65% YoY revenue increase. Detailed financial results will be released on August 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

July 08, 2024 | 10:51 am

QBTS

ZPTA

Zapata Computing Holdings Inc (NASDAQ:ZPTA) and D-Wave Quantum Inc (NYSE:QBTS) have expanded their commercial partnership to accelerate the development of integrated quantum and generative AI solutions. This collaboration aims to enhance model training, performance, and energy efficiency using Zapata's Universal Generative AI software and D-Wave's Leap cloud platform.

Portfolio Pulse from Anusuya Lahiri

July 08, 2024 | 10:50 am

QBTS

ZPTA

Zapata AI has announced a partnership with D-Wave to enhance D-Wave's Leap cloud service using Zapata's leading AI software and development platform. This collaboration aims to support quantum, hybrid quantum, and classical Generative AI solutions.

Portfolio Pulse from Benzinga Newsdesk

July 08, 2024 | 10:50 am

QBTS

ZPTA

Zapata AI and D-Wave Quantum have announced an expanded partnership to accelerate the development and delivery of generative AI platforms. This collaboration aims to leverage the strengths of both companies in quantum computing and AI to create advanced solutions.

Portfolio Pulse from Benzinga Newsdesk

July 08, 2024 | 10:50 am

LLY

MORF

Eli Lilly has agreed to acquire Morphic for $57 per share in cash, totaling approximately $3.2 billion. This acquisition aims to expand Lilly's immunology pipeline with oral integrin therapies.

Portfolio Pulse from Benzinga Newsdesk

July 08, 2024 | 10:49 am

KA

KTRA

TuHURA Biosciences and Kintara Therapeutics have announced an agreement for the potential acquisition of Kineta's anti-VISTA antibody, KVA12123. This antibody is currently in Phase 1/Phase 2 clinical trials and has shown a favorable safety profile. Additionally, TuHURA received a $5 million investment from an existing shareholder.

Portfolio Pulse from Benzinga Newsdesk

July 08, 2024 | 10:35 am