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NASA and Boeing are moving forward with the Starliner Crew Flight Test despite a stable helium leak in the spacecraft's propulsion system. The launch is targeted for June 1, with backup dates in early June. Boeing has faced significant delays and costs with the Starliner project, while SpaceX's Dragon capsule has been operational since 2020. A final review of the leak is scheduled for May 29.

Portfolio Pulse from Vandana Singh

May 24, 2024 | 6:10 pm

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Enphase Energy, Inc. (NASDAQ:ENPH) shares surged following President Biden's announcement of increased tariffs on Chinese solar imports. The tariffs, raised from 25% to 50%, aim to curb cheap Chinese products and protect American jobs. This move is expected to benefit U.S.-based solar companies like Enphase by reducing competition and boosting market share.

Portfolio Pulse from Vaishali Prayag

May 24, 2024 | 6:01 pm

WRAP

Wrap Technologies has received a notification from Nasdaq regarding non-compliance with Listing Rule 5250(c)(1). This rule pertains to the timely filing of periodic financial reports. The company must submit a plan to regain compliance within a specified period to avoid delisting.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 5:31 pm

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Hedge funds adjusted their portfolios in Q1 2024, focusing on AI-related infrastructure stocks and cyclical sectors. Positions in several 'Magnificent Seven' tech stocks were trimmed, except for Apple. Marvell Technology, TD Synnex, and AES Corporation saw increased hedge fund interest.

Portfolio Pulse from Piero Cingari

May 24, 2024 | 4:20 pm

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The SEC's approval of eight spot Ethereum ETFs marks a significant regulatory shift, reflecting increased acceptance of blockchain technology. This move aligns with the passage of the FIT Act, which aims to protect consumers and spur technological advancements. Despite opposition, the Administration is collaborating with Congress on crypto regulation, signaling a more favorable environment for blockchain businesses.

Portfolio Pulse from Murtuza Merchant

May 24, 2024 | 4:13 pm

SAVA

Cassava Sciences has received a Notice of Allowance for a US patent application titled 'Alzheimer's Disease Assay In A Living Patient,' which is designed to determine the likelihood of Alzheimer's Disease or Mild Cognitive Impairment due to AD.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 4:03 pm

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Cencora Inc (NYSE:COR) has notified individuals about a data breach that occurred in February, compromising sensitive medical information. The breach involved data obtained through partnerships with pharmaceutical companies such as AbbVie Inc (NYSE:ABBV), Acadia Pharmaceuticals Inc (NASDAQ:ACAD), Bayer AG (OTC:BAYZF, OTC:BAYRY), Novartis AG (NYSE:NVS), and Regeneron Pharmaceuticals Inc (NASDAQ:REGN). The incident is part of a series of cyberattacks targeting the U.S. healthcare sector.

Portfolio Pulse from Vandana Singh

May 24, 2024 | 4:00 pm

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The National Highway Traffic Safety Administration (NHTSA) has identified nine additional crashes linked to its ongoing investigation into Waymo, the autonomous vehicle unit of Alphabet Inc. This development could have regulatory and operational implications for Waymo and its parent company, Alphabet.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 3:59 pm

MNMD

A top federal drug official has expressed significant excitement around the potential of psychedelic medicine, while cautioning that it is not a magical solution. This statement highlights the growing interest and research in the field of psychedelics for medical use.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 3:47 pm

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Exxon Mobil Corporation (XOM) and its consortium partners, including Hess Corp (HES) and CNOOC Ltd., face an October deadline to decide on the development of a large natural gas find off the coast of Guyana. The Guyanese government is pressing for development or relinquishment of 20% of the Stabroek block if it remains undeveloped. Exxon is currently appraising the gas findings and considering commercialization options. The consortium's exploration agreement runs through 2027. Additionally, Norway's sovereign wealth fund plans to vote against the reappointment of Exxon's lead independent director due to a lawsuit against climate activist investors.

Portfolio Pulse from Lekha Gupta

May 24, 2024 | 3:42 pm