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GOOGL

The European Union has issued an ultimatum to Google, challenging its dominance in the search market. This move is part of ongoing regulatory scrutiny aimed at curbing Google's market power.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2024 | 5:23 pm

LCID

Lucid Motors is in discussions with multiple automakers to license its electric vehicle technology. This move could potentially expand Lucid's revenue streams and market influence.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2024 | 5:16 pm

DIA

FDX

IWM

NKE

QQQ

SPY

XLI

XLU

Wall Street experienced a lackluster session on Friday, coinciding with 'triple witching' day. Despite this, volatility remained low. Fed Governor Waller's dovish comments pushed gold to record highs. Major indices and ETFs saw slight declines, with FedEx plummeting due to poor earnings, while Nike rose on a new CEO appointment.

Portfolio Pulse from Piero Cingari

September 20, 2024 | 5:14 pm

SLDP

Solid Power, Inc. (NASDAQ:SLDP) shares are trading higher after being selected by the U.S. Department of Energy for negotiations on up to $50 million in federal funding. This funding will support the development of a continuous manufacturing process for sulfide-based solid electrolyte materials, crucial for advanced all-solid-state batteries. Solid Power aims to increase its production capacity significantly by 2028.

Portfolio Pulse from Dylan Berman

September 20, 2024 | 5:10 pm

FDX

UPS

The US Postal Service has announced that it will not raise stamp prices in January, maintaining current rates. This decision could impact competitors in the logistics and delivery sector.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2024 | 4:53 pm

HOOD

Investors have taken a bearish stance on Robinhood Markets (NASDAQ:HOOD) as indicated by recent options trading activity. Benzinga's options scanner detected 8 significant trades, with 5 puts and 3 calls, showing 100% bearish sentiment. The price window eyed by big players is between $24.0 and $30.0. Current trading volume is 3,379,754, with the stock price at $22.8. Analysts have mixed ratings, with Piper Sandler maintaining an Overweight rating and Barclays setting an Equal-Weight rating.

Portfolio Pulse from Benzinga Insights

September 20, 2024 | 4:48 pm

AAPL

IYG

JPM

XLF

JP Morgan Chase & Co. is testing a new credit card product in the UK as part of its expansion strategy. The bank is also in talks with Apple to take over its credit card program from Goldman Sachs. Investors can access JPMorgan stock via financial ETFs like IYG and XLF.

Portfolio Pulse from Lekha Gupta

September 20, 2024 | 4:45 pm

NVO

SKYE

Skye Bioscience shares are trading lower in sympathy with Novo Nordisk after Novo Nordisk reported results from its Phase 2a trial of Monlunabant in obesity.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2024 | 4:43 pm

NTDOY

SONY

Nintendo and The Pokémon Company have filed a patent infringement lawsuit against Palworld developer Pocketpair, focusing on the game's monster-catching mechanics. This legal action could significantly impact Pocketpair, potentially forcing changes to the game. The lawsuit's timing aligns with recent patent approvals, suggesting a strategic move by Nintendo.

Portfolio Pulse from Franca Quarneti

September 20, 2024 | 4:42 pm

CRBP

NVO

Corbus Pharmaceuticals (CRBP) shares dropped 60% after Novo Nordisk's (NVO) cannabinoid-based weight loss drug trial showed disappointing results. Both companies are developing drugs targeting the CB1 receptor. Novo's trial showed significant weight loss but raised safety concerns, impacting investor confidence.

Portfolio Pulse from Rolando García

September 20, 2024 | 4:37 pm