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Boeing has announced its largest purchase of blended sustainable aviation fuel, acquiring 9.4 million gallons for its 2024 U.S. commercial operations. The financial terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 2:02 pm

HALO

Analyst ratings for Halozyme Therapeutics (NASDAQ:HALO) show a mix of bullish to bearish sentiments, with a recent average price target of $53.78, up from $51.33. The company's financial performance indicates strong profitability and revenue growth, despite a high debt-to-equity ratio and below-average ROA. Halozyme focuses on developing novel oncology therapies.

Portfolio Pulse from Benzinga Insights

April 16, 2024 | 2:01 pm

ABBV

The FDA has issued a warning about counterfeit versions of Botox found in multiple states, which have been administered to consumers. These counterfeits have led to adverse events, including hospitalizations. However, there is no indication that these events are linked to AbbVie's FDA-approved Botox.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 1:54 pm

CBSTF

MSOS

At the Benzinga's Cannabis Capital Conference, The Cannabist Co President, Jesse Channon, expressed confidence in the company's preparedness for success in Ohio, highlighting their understanding of the necessary requirements.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 1:52 pm

MSOS

At the Benzinga Cannabis Capital Conference, The Cannabist Co President Jesse Channon emphasized the company's strategy to concentrate on markets with rapidly developing supply chains.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 1:42 pm

MSOS

At the Benzinga Cannabis Capital Conference, Verano's Aaron Miles discussed the company's strategic positioning ahead of adult cannabis use legalization, highlighting their success in Florida and plans for expansion.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 1:40 pm

DJT

Trump Media & Technology Group Corp (NASDAQ:DJT) shares rose after announcing the completion of its new live TV streaming platform's R&D phase, planning to scale up its content delivery network. The platform will roll out in three phases, focusing on live TV, including news, religious content, and family-friendly programming. The announcement follows recent selling pressure on DJT shares due to Trump's court appearance for a criminal trial and a filing for the potential issuance of up to 21.49 million shares.

Portfolio Pulse from Adam Eckert

April 16, 2024 | 1:31 pm

ENVX

Enovix Corp (NASDAQ:ENVX) shares surged after announcing significant progress at its Fab2 manufacturing facility, including completing Factory Acceptance Testing for its Gen2 Agility Line. This development puts Enovix on track for initial sample production of silicon battery cells in Q2. The company's unique manufacturing process enables the use of a 100% active silicon anode, promising higher energy density for batteries. Enovix is also expected to report its Q1 financial results soon, with analysts predicting an earnings loss of 29 cents per share on revenue of $3.877 million.

Portfolio Pulse from Adam Eckert

April 16, 2024 | 1:31 pm

BCO

Green Check, a fintech leader in the cannabis market, has partnered with Payment Alliance International (PAI), powered by Brinks (NYSE:BCO), to provide integrated ATM solutions for cannabis operators. Announced at the Benzinga Cannabis Capital Conference, this collaboration aims to enhance revenue protection and compliance for cannabis businesses, addressing the high demand for financial services in the cash-dominant cannabis industry.

Portfolio Pulse from Patricio Liddle

April 16, 2024 | 1:30 pm

DRIV

ICLN

IDRV

KARS

SOXX

TAN

Michael Sayers, CFA at Rockland Trust, predicts double-digit growth in infrastructure and technology sectors due to the CHIPS Act, IRA Act, and Infrastructure Act, allocating approximately $1 trillion over the next decade. Sayers highlights significant investment opportunities in semiconductor, clean energy, and electric vehicle sectors, benefiting ETFs like SOXX, ICLN, TAN, DRIV, IDRV, KARS, and the Russell Global Infrastructure Fund (RGISX). Additionally, infrastructure and manufacturing ETFs such as PAVE, IGF, IFRA, XLI, and ITA are poised for growth, offering investors diversified exposure to these expanding sectors.

Portfolio Pulse from Surbhi Jain

April 16, 2024 | 1:25 pm