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LMT

Aerojet Rocketdyne is partnering with Lockheed Martin to develop an advanced propulsion solution for the Long Range Maneuverable Fires (LRMF) missile for the U.S. Army. The LRMF missile will launch from existing Army launchers and engage targets at significantly extended ranges.

Portfolio Pulse from Happy Mohamed

June 21, 2023 | 4:02 pm

DMAC

DiaMedica Therapeutics has raised $37.5 million through a private placement, issuing 11.01 million common shares at $3.40 per share. The proceeds will be used to fund the development of DM199, including the ReMEDy2 clinical trial, and for general corporate purposes. The FDA has also lifted the clinical hold on the ReMEDy2 trial.

Portfolio Pulse from Nabaparna Bhattacharya

June 21, 2023 | 3:40 pm

LOGI

Logitech shares are trading lower due to the disappearance of the Titan submersible vehicle, which may have been piloted by a Logitech controller.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2023 | 3:27 pm

EQNR

LNG

Cheniere Energy's subsidiary, Cheniere Marketing, has signed a 15-year long-term liquefied natural gas (LNG) sale and purchase agreement with Equinor ASA. Equinor will buy approximately 1.75 million tonnes of LNG per year, with deliveries starting in 2027. The deal is expected to provide commercial support to the SPL Expansion Project.

Portfolio Pulse from Akanksha Bakshi

June 21, 2023 | 3:25 pm

LLY

NVO

Novo Nordisk (NVO) is set to announce results from the SELECT Phase 3 trial for its weight loss drug Wegovy between July 1 and August 1. The trial's outcome could impact both NVO and Eli Lilly (LLY) stocks, as Lilly has a competing product.

Portfolio Pulse from Shanthi Rexaline

June 21, 2023 | 3:17 pm

SBIG

Canadian tech company Buddi has partnered with springbig (NASDAQ:SBIG), a SaaS-based marketing solutions provider, to launch a loyalty integration for cannabis retailers in Canada. The integration aims to build stronger customer relationships and streamline the loyalty program enrollment and redemption processes.

Portfolio Pulse from Vuk Zdinjak

June 21, 2023 | 3:04 pm

AMZN

PTON

Amazon Prime Day 2023 will include discounts on Peloton products, such as bikes, guides, and accessories, on July 11 and 12. This collaboration between Amazon and Peloton is expected to boost sales for both companies.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2023 | 2:54 pm

AMD

AMD shares are trading lower due to a pullback in chip and semi stocks, and the company announced a $135 million plan to expand in Ireland.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2023 | 2:53 pm

ACHR

Safran Electronics & Defense and Archer Aviation (NYSE: ACHR) are collaborating on cutting-edge avionics technology for Archer's Midnight eVTOL aircraft. The partnership focuses on Safran's ultra-compact avionics platform flight control computer and SkyNaute navigation system, aiming to achieve the most efficient path to certification.

Portfolio Pulse from Happy Mohamed

June 21, 2023 | 2:34 pm

GE

JNJ

GE Healthcare has announced a collaboration with Depuy Synthes, a Johnson & Johnson orthopaedics company, to bring advanced 3D precision imaging innovation to spine practices in the U.S.

Portfolio Pulse from Happy Mohamed

June 21, 2023 | 2:14 pm