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Taiwan Semiconductor Manufacturing Co (TSMC) is exploring a new advanced chip packaging method to meet AI-driven demand. The innovation involves rectangular substrates, which could take years to commercialize. TSMC's stock is trading higher, driven by AI demand and price target increases from Wall Street brokerages.

Portfolio Pulse from Anusuya Lahiri

June 20, 2024 | 10:49 am

META

A report reveals that Instagram's algorithm continues to recommend sexually explicit content to teen accounts, despite Meta's promises to provide an age-appropriate experience. Tests showed that within minutes of logging in, teens were exposed to adult content. Meta dismissed the findings as unrepresentative. Similar tests on Snapchat and TikTok did not yield the same results.

Portfolio Pulse from Benzinga Neuro

June 20, 2024 | 10:48 am

NNVC

Nanoviricides announced that its Phase 2 drug candidate, NV-387, demonstrated effectiveness in protecting lungs from damage in a lethally infected influenza H3N2 mouse model.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 10:35 am

PTCT

PTC Therapeutics shared interim results from its Phase 2 PIVOT-HD study of PTC518 in Huntington's Disease, showing dose-dependent lowering of mutant huntingtin protein in blood/cerebrospinal fluid and favorable trends on several relevant clinical assessments. The FDA has lifted the partial clinical hold on PTC518 based on the PIVOT-HD data.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 10:34 am

EQNR

ICOW

PWER

The Australian government has granted Equinor ASA and Oceanex Energy a feasibility license for an offshore wind project off the east coast. The project, if feasible, could generate over 2 GW of electricity. This move aligns with Australia's goal to reach net zero emissions by 2050.

Portfolio Pulse from Lekha Gupta

June 20, 2024 | 10:33 am

NIO

NIO Inc. (NYSE:NIO) CEO William Li has expressed opposition to the European Union's newly imposed tariffs on Chinese electric vehicles (EVs). Despite the tariffs, NIO's upcoming Firefly models are expected to remain competitive in the European market. The EU plans to impose additional tariffs up to 38.1% on Chinese EVs, with an average of 21% for companies like NIO. A final decision on the tariffs is expected by October or November.

Portfolio Pulse from Nabaparna Bhattacharya

June 20, 2024 | 10:19 am

HON

Honeywell has struck a $2 billion deal to acquire Advent's CAES system, according to sources cited by the Wall Street Journal. This acquisition is expected to enhance Honeywell's defense business.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 10:16 am

NVDA

QQQ

TSM

VOO

Nvidia Corp (NASDAQ:NVDA) has become the world's most valuable listed company due to surging demand for its AI chips, with its stock tripling in value over the past 12 months. Key supplier Taiwan Semiconductor Manufacturing Co (NYSE:TSM) is developing new chip packaging methods to meet AI-driven demand. Investors can gain exposure to Nvidia through Vanguard S&P 500 ETF (NYSE:VOO) and Invesco QQQ Trust, Series 1 (NASDAQ:QQQ).

Portfolio Pulse from Anusuya Lahiri

June 20, 2024 | 10:10 am

DXCM

DexCom, Inc. (NASDAQ:DXCM) showcased its expanded focus on Type 2 diabetes at the ADA Conference, highlighting the benefits of its CGM systems, including the new Omnipod 5 Automated Insulin Delivery System with Dexcom G7. The company presented data showing significant improvements in A1C and time in range for Type 2 diabetes patients using Dexcom CGM, both on and off insulin. Dexcom also announced the upcoming launch of Stelo, a glucose biosensor for non-insulin users, and emphasized its leadership in CGM connectivity with various insulin pumps.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 10:08 am

MAXN

Maxeon Solar Technologies has filed a unitary patent infringement suit against Aiko and its affiliates in Europe.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 10:07 am