Streetbeat News

Products Services

AAPL

BA

BNP

C

HSBC

MU

SNE

TM

TSLA

The Shiba Inu burn rate has surged by 28,000%, with 6 million SHIB burned. Sony anticipates a $1.5 billion loss from Microsoft's acquisition of Activision Blizzard. A majority supports Trump's disqualification in Colorado. Solana's meme coin BONK has dropped over 40% from all-time highs. Bitcoin obituary count is at a decade low. Elon Musk's X may allow Dogecoin payments. Micron reports upbeat sales. Investor sentiment shifts to 'greed'. Apple reveals iOS 18 code with four new iPhone models. Sony's PlayStation 5 sales hit 50M despite supply issues. Tesla looks for a Nordic public policy expert. Toyota recalls 1M vehicles in the US. Meta is concerned about the Indian telecom bill's impact on WhatsApp. Boeing is set to restart 737 MAX deliveries in China. Citigroup is closing its global distressed-debt business, and HSBC and BNP may face fines in South Korea.

Portfolio Pulse from Akanksha Bakshi

December 21, 2023 | 1:31 pm

KMX

CarMax Inc (NYSE:KMX) shares rose after reporting mixed Q3 FY24 earnings with a sales decline of 5.5% to $6.15 billion, missing estimates. Unit sales increased by 1.3% YOY, with online sales making up 14% of retail sales. Gross profit rose 6.3% to $612.9 million, and EPS of $0.52 beat estimates. SG&A expenses decreased, but CarMax Auto Finance income dropped 2.3%. The company plans to open four new stores in Q4. KMX shares surged 7.20% in premarket trading.

Portfolio Pulse from Shivani Kumaresan

December 21, 2023 | 1:17 pm

DMK

DMK Pharmaceuticals Corporation (NASDAQ:DMK) has regained full rights to commercialize ZIMHI (naloxone) after ending its exclusive deal with US WorldMeds, LLC. DMK is now looking for new commercialization opportunities for ZIMHI in the US, Canada, and Europe, with a focus on first responders in the US due to high demand. The company aims to drive long-term growth and maximize shareholder value by expanding business relationships and executing an ambitious operating plan.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 1:16 pm

NFTG

The NFT Gaming Company, Inc. (NFTG) has launched its fourth game, Jigsaw Puzzle AI, on both Android and iOS platforms. The game, which features artificial intelligence and Web 3.0 elements, allows players to assemble an endless array of pictures into jigsaw puzzles and create custom puzzles using AI. It is part of the Gaxos platform, where users can create avatars in the form of NFTs that are playable across all games on the platform.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 1:15 pm

MULN

Mullen Automotive, Inc. has delivered 38 Class 3 electric vehicles to Randy Marion Automotive Group, invoicing them for $2.5 million. This delivery is part of a larger order of 1,000 vehicles valued at $63 million, with the majority to be delivered in 2024. Mullen's Tunica, Mississippi facility plans to produce 150 vehicles in 2023 and has an annual capacity of 3,000 vehicles per shift. The Mullen THREE offers significant cargo capacity and maneuverability, with strong demand for the all-electric lineup. Mullen began deliveries to Randy Marion in September 2023, and Randy Marion received a license to retail Mullen's commercial EVs in November 2023.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 1:14 pm

MDWD

MediWound Ltd. (NASDAQ:MDWD) announced the publication of a study in WOUNDS Journal on EscharEx, a debridement agent for chronic wounds. The study showed EscharEx effectively debrides wounds, reduces biofilm and bacterial load, and is safe. The Phase II study results are promising for VLUs and DFUs treatment, with a Phase III study planned for the second half of 2024.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 1:13 pm

DXCM

MODD

Modular Medical has announced a collaboration with Glooko, stating that the integration will enable clinicians and patients to review insulin dosing data from the MODD1 pump alongside glucose levels from Dexcom CGMS, all in one accessible format, once the MODD1 pump is commercially available.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 1:11 pm

SLNH

Soluna Holdings, Inc. (NASDAQ:SLNH) announced significant business achievements and project developments, including revenue boosts for Project Dorothy and Sophie due to a spike in hashprice. The company joined ERCOT's Demand Response program and is progressing with Project Dorothy 2 and Project Kati. Notable increases in hashprice in November and December have improved financial performance for Project Dorothy 1B and Project Sophie. Updated reporting methodology for power and hashrate data was also introduced.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 1:06 pm

JNJ

Johnson & Johnson has submitted applications to the FDA for Rybrevant and Lazertinib as a combined first-line treatment for EGFR-mutated non-small cell lung cancer. The submission includes a Supplemental Biologics License Application (sBLA) and a New Drug Application (NDA), indicating progress in expanding treatment options for this type of cancer.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 1:05 pm

LLY

Fauna Bio has entered into a multi-year agreement with Eli Lilly (LLY) to use Fauna's Convergence AI platform for preclinical drug discovery in obesity. Fauna Bio will receive an upfront payment, equity investment, and could earn up to $494 million in milestone payments, plus royalties on sales.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 1:04 pm