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MO

NJOY, an Altria company, has submitted a supplemental Premarket Tobacco Product Application (PMTA) to the FDA for its new ACE 2.0 device, which includes technology to prevent underage use. The company also re-submitted PMTAs for Blueberry and Watermelon pod products compatible with the ACE 2.0.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 8:26 pm

AMC

GME

Over 2,500 individual investors celebrated as their horse, Seize the Grey, won the 2024 Preakness Stakes. These investors bought micro shares of the horse through myRacehorse, a platform that allows individuals to own shares in racehorses. This trend mirrors the increasing participation of retail investors in financial markets, similar to the interest seen in stocks like GameStop and AMC.

Portfolio Pulse from Hayden Buckfire

May 20, 2024 | 8:21 pm

DWAC

Trump Media & Technology Group (TMTG) reported a balance of cash and cash equivalents of $273.7 million as of March 31, 2024, and a Q1 operating loss of $12.1 million. The company has completed its merger with Digital World Acquisition Corp. (DWAC) and is now focusing on expanding its Truth Social platform, including potential mergers and acquisitions and developing a live TV streaming service.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 8:21 pm

ZM

Zoom Video Communications Inc (NASDAQ:ZM) reported strong Q1 earnings, beating both revenue and EPS estimates. Revenue was $1.14 billion, up 3.2% YoY, and adjusted EPS was $1.35, beating the $1.20 estimate. Cash flow surged, and the company continued its AI integration. However, Q2 guidance was slightly below expectations.

Portfolio Pulse from Adam Eckert

May 20, 2024 | 8:21 pm

WKME

WalkMe Ltd. (NASDAQ:WKME) announced the launch of new generative AI capabilities, including AI Answers and AI SmartTips, as part of its spring 2024 product release. These innovations will be further detailed at their annual event, Realize, on June 18.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 8:17 pm

PSX

Phillips 66 (PSX) is set to acquire Pinnacle Midstream from Energy Spectrum Capital for $550 million in cash. This strategic move aims to expand Phillips 66's natural gas gathering and processing operations in the Midland Basin. The transaction is expected to close around mid-2024, pending customary closing conditions and regulatory approvals.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 8:16 pm

DOMO

GUIDEcx has partnered with Domo to enhance data access and AI capabilities for its customers. The collaboration has led to the development of embedded analytics solutions that improve efficiency and reduce costs. GUIDEcx customers now benefit from faster, more interactive reports and access to Domo's extensive library of data connectors.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 8:14 pm

COIN

GBTC

Bitcoin surged past $70,000 and Ethereum jumped 12% following news that the odds of spot Ethereum ETF approval have increased to 75%. This development, along with strong inflows into Bitcoin ETFs and a drop in Bitcoin exchange reserves, has led to a bullish sentiment in the cryptocurrency market.

Portfolio Pulse from Khyathi Dalal

May 20, 2024 | 8:13 pm

LRMR

The FDA has removed the partial clinical hold on Larimar Therapeutics' Nomlabofusp program for Friedreich's Ataxia. This decision follows a review of Phase 2 study data. Larimar plans to escalate the dose in their ongoing study and aims to submit a Biologics License Application by the second half of 2025.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 8:07 pm

NB

A study suggests that mine electrification and replacing vertical shafts with a Railveyor system could significantly reduce initial CAPEX and OPEX for NioCorp's Elk Creek Critical Minerals Project. This approach could also cut the time to full commercial production by up to 5 months and reduce the mine's carbon footprint.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 8:03 pm