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BP

EQNR

ICOW

PWER

Equinor ASA (NYSE:EQNR) has received final approval from the New York State Public Service Commission to start building its Empire Wind 1 offshore wind farm, expected to contribute to New York's goal of 9,000 MW of offshore wind power by 2035. The project is scheduled to start producing power in 2026. Equinor recently entered a strategic partnership with Standard Lithium Ltd and reported Q1 FY24 revenue of $24.79 billion, beating consensus estimates.

Portfolio Pulse from Lekha Gupta

May 17, 2024 | 10:18 am

SPY

The Dow Jones Industrial Average hit a record high of 40,000, providing President Joe Biden an opportunity to counter former President Donald Trump's prediction that the stock market would crash if Biden were elected. The market's performance is attributed to cooling consumer price inflation and expectations of a Federal Reserve rate cut. The SPDR S&P 500 ETF Trust (SPY) edged down 0.1% in premarket trading but is up 11.6% year-to-date.

Portfolio Pulse from Shanthi Rexaline

May 17, 2024 | 9:36 am

VGK

The Eurozone Core Consumer Price Index (CPI) for April remained steady at 2.7% year-over-year, matching the estimated figure and slightly down from the prior 2.9%.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 9:06 am

BTCUSD

MSTR

Michael Saylor, co-founder of MicroStrategy, celebrated the Senate's repeal of an SEC policy restricting financial institutions from being Bitcoin custodians. This bipartisan move indicates growing mainstream acceptance of Bitcoin. However, President Joe Biden may veto the resolution.

Portfolio Pulse from Aniket Verma

May 17, 2024 | 8:43 am

BA

Boeing shareholders are set to vote on the board status of outgoing CEO Dave Calhoun during the company's AGM. The vote comes amid multiple crises, including investigations and production declines. Proxy advisors have urged shareholders to vote against Calhoun's reelection. The outcome of the vote and the selection of Calhoun's successor are critical for Boeing's future.

Portfolio Pulse from Benzinga Neuro

May 17, 2024 | 6:31 am

AMGN

The FDA has approved Amgen's IMDELLTRA (tarlatamab-dlle), the first T-cell engager therapy for extensive-stage small cell lung cancer (ES-SCLC). The approval is based on a 40% objective response rate and a 9.7-month median duration of response observed in clinical studies.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 6:11 am

TSM

TSMC's stock has surged by 42% this year, leading to restrictions on single-stock exposure for some funds, potentially forcing them to seek alternative investments. The company's strong position in the AI chip market has driven this surge, but high costs and supply constraints could impact future growth.

Portfolio Pulse from Benzinga Neuro

May 17, 2024 | 3:45 am

BTCUSD

ETHUSD

MATICUSD

RDDT

Reddit Co-Founder Alexis Ohanian highlighted Democrats who supported a pro-crypto law in the Senate. The Senate repealed an SEC directive preventing financial firms from custodying Bitcoin. Reddit's shares rose 10% after announcing a partnership with OpenAI.

Portfolio Pulse from Aniket Verma

May 17, 2024 | 3:34 am

BTCUSD

DOGEUSD

ETHUSD

Leading cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin, experienced a pullback after a strong rally. The U.S. Senate passed pro-crypto legislation, but market reactions suggest concerns over a potential presidential veto. The global cryptocurrency market cap fell by 1.57%, and major U.S. stock indices also closed lower. Analysts highlight the importance of stablecoin growth for future Bitcoin highs.

Portfolio Pulse from Aniket Verma

May 17, 2024 | 1:57 am

WHLR

Trading for WHLR was halted at 7:50:00 p.m. ET due to pending news.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 11:50 pm