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CSTL

Castle Biosciences announced the publication of a study in Cancers showing that its DecisionDx-Melanoma test offers significantly better risk stratification than the AJCC 8th Edition Staging for patients with Stage I cutaneous melanoma.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 12:06 pm

BRK-B

LI

TEVA

Li Auto Inc. reported Q4 earnings surpassing estimates with adjusted earnings of 30 cents per share and sales of $5.88 billion, leading to an 8% pre-market stock surge. Other stocks like ImmunityBio, Bowlero Corp, Teva Pharmaceutical, Amer Sports, SES AI Corporation, Berkshire Hathaway, and BioCryst Pharmaceuticals also saw pre-market gains. Teva announced U.S. approval of SIMLANDI, and Berkshire Hathaway plans to maintain its investment in Occidental Petroleum.

Portfolio Pulse from Avi Kapoor

February 26, 2024 | 12:03 pm

TGTX

TG Therapeutics, Inc. announced the European launch of BRIUMVI for treating relapsing forms of multiple sclerosis, starting in Germany, with plans for further European expansion. The launch triggers a $12.5M milestone payment to TG Therapeutics from its partner, Neuraxpharm Group.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 12:03 pm

LCID

Lucid Group, Inc. (NASDAQ: LCID) announced the European debut of three electric vehicles (EVs) at the Geneva International Motor Show, including the SUV Gravity, the Air Sapphire, and a Rear-Wheel-Drive version of the Air Pure. The company also revealed expanded service offerings and an updated portfolio for its Air lineup, marking a significant step in its European market expansion.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 11:54 am

V

Visa and the GSMA Foundation have announced the launch of the 'Digital Finance For All' initiative, aimed at expanding access to digital financial services globally. This partnership signifies a strategic move to leverage technology and innovation to foster financial inclusion, particularly in underserved communities.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 11:37 am

DNN

Denison Mines has finalized the acquisition of fixed and mobile MaxPERF Tool Systems from Penetrators Canada, with the terms of the deal remaining undisclosed. Additionally, Penetrators has committed to an exclusive 10-year agreement with Denison for the use of these systems in uranium mining applications in Saskatchewan.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 11:36 am

CLNE

Clean Energy Fuels has inaugurated two new fueling stations in Texas, designed to serve heavy-duty trucks and other fleet vehicles with renewable natural gas. One station is located in North Fort Worth, near Alliance and DFW airports, and the other in South Dallas, close to major interstates I-45, I-35, and I-20. These locations are strategically chosen near numerous distribution centers to cater to the logistics and transportation sectors.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 11:34 am

FRGT

Fr8App has secured key transportation routes through Envases Universales' annual 2024 RFQ, highlighting its commitment to exceptional transportation services and adaptability to client needs.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 11:31 am

LI

Li Auto Inc (NASDAQ:LI) reported a significant year-on-year revenue growth of 136.4% in Q4 fiscal 2023, reaching $5.88 billion and surpassing consensus estimates. The company's adjusted net earnings per ADS were $0.60, with vehicle sales up by 133.8% to $5.69 billion, driven by a 184.6% increase in vehicle deliveries. The vehicle and gross margins also saw substantial growth. Li Auto's cash reserves stood at $14.60 billion as of December 31, 2023. The company delivered 31,165 vehicles in January 2024, a 105.8% increase from the previous year. For Q1 fiscal 2024, Li Auto forecasts revenue between $4.40 billion and $4.53 billion, with vehicle deliveries expected to increase by 90.2% to 95.9%. Following the announcement, LI shares surged by 11.8% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

February 26, 2024 | 11:18 am

IREN

Iris Energy announced an update on its expansion, aiming to increase its operating hashrate to 20 EH/s by H2 2024. Currently, the hashrate has reached 7 EH/s, with an additional 3 EH/s expected by H1 2024. The expansion includes securing 10 EH/s of new Bitmain T21 miners through fixed price contracts and a 200MW expansion at the Childress data center.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 11:14 am