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LILM

Lilium N.V (NASDAQ:LILM) shares surged after announcing a partnership with UrbanLink, which will purchase 20 Lilium Jets for its operations in South Florida. This marks a significant milestone for Lilium and the commercialization of eVTOLs in the U.S., highlighting a growing market demand. UrbanLink, led by Ed Wegel, chose Lilium for its jet's design, range, and cost-effectiveness, aiming to revolutionize urban mobility. Lilium's stock rose 18.3% to $1.23 following the announcement.

Portfolio Pulse from Adam Eckert

May 06, 2024 | 1:52 pm

EMN

SEE

Eastman and Sealed Air have partnered to develop certified compostable protein trays, offering a sustainable alternative to traditional polystyrene trays. This collaboration highlights the commitment of both companies to sustainable innovation in packaging solutions.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 1:49 pm

WETH

Wetouch Technology Inc. (NASDAQ:WETH) has launched its second-generation touchscreen products, receiving $15M in orders from major clients like Siemens, Canon, and Sharp. These products are expected to significantly contribute to the company's sales revenue this fiscal year, highlighting the strong market demand for Wetouch's innovative touchscreen solutions.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 1:46 pm

AAPL

META

Apple Inc (NASDAQ:AAPL) reported its fiscal Q2 results with a slight revenue increase over Wall Street expectations but saw a drop in overall revenue and iPhone sales. The company announced a $110 billion share buyback, its largest ever, representing a 22% increase YoY. Revenue fell 4% YoY to $90.75 billion, with iPhone sales down 10% YoY. However, services revenue was a highlight, growing 14.2% YoY to $23.9 billion. Apple did not provide official guidance but expects low single-digit sales growth in the June quarter. The company remains secretive about its AI plans, with more details expected at its June developer event.

Portfolio Pulse from Upwallstreet

May 06, 2024 | 1:41 pm

CLSK

MARA

RIOT

Bitcoin mining stocks, including Marathon Digital Holdings Inc (MARA), Riot Platforms Inc (RIOT), and CleanSpark Inc (CLSK), are experiencing gains amid a rise in Bitcoin's price. This surge is attributed to the approval of several spot Bitcoin ETFs and the recent Bitcoin halving event, which reduced mining rewards. The stocks' movement reflects broader trends in the crypto market, with Bitcoin ETFs seeing net inflows and Bitcoin's price increasing.

Portfolio Pulse from Adam Eckert

May 06, 2024 | 1:36 pm

MULN

Mullen Automotive has signed an agreement with National Auto Fleet Group (NAFG), a California-based company approved by HVIP, offering up to $45,000 cash vouchers at purchase. NAFG, holding two Sourcewell contracts, caters to state, local government, and educational institutions with pending orders and deliveries. Sourcewell, a government agency, manages competitively solicited contracts.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 1:18 pm

GLYC

GlycoMimetics Inc. (NASDAQ:GLYC) reported that its Phase 3 study of uproleselan in relapsed/refractory acute myeloid leukemia (R/R AML) failed to meet the primary endpoint of statistically significant improvement in overall survival. The study compared uproleselan combined with chemotherapy against chemotherapy alone, showing a median overall survival of 13 months versus 12.3 months in the placebo group. Despite the setback, the company plans to conduct a comprehensive data analysis for future presentation. GLYC shares plummeted 78.2% to $0.39 in premarket trading following the announcement.

Portfolio Pulse from Vandana Singh

May 06, 2024 | 1:13 pm

LI

Li Auto shares are trading higher following the announcement that cumulative orders for the L6 model exceeded 41,000 between April 18 and May 5.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 1:13 pm

AAPL

Speculation in industry supply chains suggests Apple is exploring collaboration with an electric vehicle startup, according to a DigiTimes alert.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 1:12 pm

BURU

NUBURU, Inc. (NYSE:BURU) has been awarded an $850,000 Phase II contract by NASA to advance its blue laser power transmission technology for Lunar and Martian applications. This technology aims to reduce the size and weight of power beaming equipment, offering a unique solution for power management in space. The contract builds on a successful Phase I SBIR project and aligns with NASA's Artemis program goals. NUBURU's technology has potential applications in various sectors including industrial, medical, defense, and more.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 1:11 pm