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ALKS

Alkermes has initiated the Vibrance-2 Phase 2 study to evaluate ALKS 2680 for the treatment of Narcolepsy Type 2. This development marks a significant step in the company's research efforts in sleep disorders.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 11:01 am

WIT

Wipro Limited has been selected by the John Lewis Partnership to modernize its IT infrastructure, extending their cloud services for four more years. This collaboration involves Wipro FullStride Cloud and Google Cloud, aiming to enhance agility, reduce costs, and streamline operations for JLP.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 10:58 am

GOOG

GOOGL

META

Google has reached a $250 million deal with California to fund newsrooms, ending proposed legislation that would have required tech companies to pay for news content. The deal, which includes an AI accelerator, has been criticized by journalist unions.

Portfolio Pulse from Benzinga Neuro

August 22, 2024 | 10:55 am

EH

EHang Holdings Limited (NASDAQ:EH) reported a significant increase in Q2 revenue, up 920% year-over-year, driven by strong demand for its EH216-S pilotless eVTOL vehicles. The company achieved record deliveries and improved its financial position, with a strengthened cash position and plans for future growth in intra-city mobility.

Portfolio Pulse from Lekha Gupta

August 22, 2024 | 10:45 am

GM

GM's autonomous driving unit, Cruise, is recalling all 1,194 of its U.S. vehicles due to concerns over unexpected braking caused by older software versions. The NHTSA has closed its investigation but may take further action if necessary. Cruise has updated the software and plans to repair all affected vehicles before redeployment.

Portfolio Pulse from Anan Ashraf

August 22, 2024 | 10:30 am

SSTK

Shutterstock has reaffirmed its 2024 guidance and announced that John Caine's role as Chief Product and Digital Officer will end on August 23, 2024. Jonathan Oringer will temporarily support the digital marketplace starting August 26, 2024.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 10:12 am

AAPL

Apple has delayed the production of its foldable MacBook due to technical issues, pushing the timeline to 2027 or 2028. Analyst Ming-Chi Kuo reports that the device will feature an 18.8-inch display, and high production costs are expected to decrease with improved yields.

Portfolio Pulse from Ananya Gairola

August 22, 2024 | 10:12 am

CSIQ

Canadian Solar has announced its Q3 revenue expectations to be between $1.6B and $1.8B, which is below the estimated $2.176B. The company anticipates gross margins of 14% to 16% and module shipments of 9.0 GW to 9.5 GW. Battery energy storage shipments are expected to be between 1.4 GWh and 1.7 GWh.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 10:06 am

MSDTX

MSTR

MicroStrategy's innovative Bitcoin strategy, involving the use of corporate finance tools to accumulate Bitcoin, has significantly increased its market cap. This approach is gaining interest from other companies and even sports clubs, though it remains a radical step for many. The strategy's success has led to the launch of MSTX, a single-stock leveraged ETF for MicroStrategy.

Portfolio Pulse from Khyathi Dalal

August 22, 2024 | 9:54 am

AMZN

WMT

Walmart+ is offering a 25% discount on Burger King meals through Grubhub, aiming to compete with Amazon Prime. This move is part of Walmart's strategy to enhance its membership program and attract more customers.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 9:45 am