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USO

Three U.S. Democratic Senators have urged the Biden administration to reduce the current import quota for South Korean Oil Country Tubular Goods. This request could impact trade relations and the energy sector.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2024 | 3:42 pm

SPY

USO

Libya's National Oil Corporation (NOC) reports a significant loss of approximately 63% in total oil production due to recent oilfield closures. The NOC clarifies that the closures are not related to their operations, and restarting the halted oilfields will require substantial costs and technical efforts.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2024 | 3:37 pm

BYDDY

BYD Co., Ltd. has unveiled a new model series called Xia at the Chengdu auto show, with the Xia MPV as the first model. This vehicle is part of BYD's Dynasty lineup and features the company's fifth-generation DM hybrid technology. The Xia MPV is priced at approximately $42,340 and will be available later this year.

Portfolio Pulse from Nabaparna Bhattacharya

August 30, 2024 | 3:34 pm

TTD

The Trade Desk is developing its own smart TV operating system to compete with Roku, Google, and Amazon. The OS aims to offer better revenue sharing and customization options for hardware makers. The move is part of The Trade Desk's strategy to expand its presence in the connected TV advertising market.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2024 | 3:24 pm

GM

LAC

General Motors reports that Lithium Americas is making significant progress in scaling up commercial production at the Thacker Pass mine.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2024 | 3:22 pm

ERJ

Embraer has hired consultancy firm Oliver Wyman to assist in entering the U.S. defense market, with a focus on potential sales of its C-390 military transport aircraft.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2024 | 3:07 pm

GME

The article discusses recent bullish trends in options trading for GameStop (NYSE:GME), with 77% of trades being bullish. Significant investors are targeting a price range of $10.0 to $125.0. GameStop's current stock price is $21.88, up by 1.72%, with an upcoming earnings release in 11 days.

Portfolio Pulse from Benzinga Insights

August 30, 2024 | 3:01 pm

BBIO

BridgeBio Pharma presented data showing that their drug acoramidis significantly increases serum TTR levels and reduces cardiovascular events in ATTR-CM patients. The study demonstrated a 42% reduction in composite cardiovascular events and a 50% reduction in cardiovascular hospitalization frequency compared to placebo over 30 months.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2024 | 2:54 pm

OILFF

Nextleaf Solutions Ltd. reported a 50% year-over-year revenue increase for Q3 2024, maintaining a debt-free status. Despite a decrease in gross profit, the company plans to focus on innovation and marketing to drive future growth. However, its stock price fell by 10.43% to $0.0601.

Portfolio Pulse from Jelena Martinovic

August 30, 2024 | 2:49 pm

STHZF

StateHouse Holdings Inc. reported a 10% year-over-year revenue increase for Q2 2024, driven by new product launches and cost-saving measures. Despite improved financial metrics, the company faces a significant capital deficit. The stock price remained flat at $0.03.

Portfolio Pulse from Nina Zdinjak

August 30, 2024 | 2:45 pm