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FSRN

LCID

TSLA

Lucid Group Inc (NASDAQ:LCID) may benefit from Fisker Inc's (OTC:FSRN) bankruptcy by acquiring the 'Lucid Ocean' trademark. Lucid plans to expand its EV lineup, including the Gravity SUV in 2024. Fisker's halted production of the Ocean raises questions about EV market competition, dominated by Tesla Inc (NASDAQ:TSLA).

Portfolio Pulse from Chris Katje

June 20, 2024 | 1:55 pm

BIL

IEF

TLT

U.S. Treasuries are set to break even after a volatile first half of 2024, with a Bloomberg index showing a slight decline of 0.1% for the year. The rebound is attributed to expectations of falling U.S. prices and potential Federal Reserve interest rate cuts. Key ETFs like SPDR Bloomberg 1-3 Month T-Bill ETF (BIL), iShares 7-10 Year Treasury Bond ETF (IEF), and iShares 20+ Year Treasury Bond ETF (TLT) showed mixed pre-market performance.

Portfolio Pulse from Michael Juliano

June 20, 2024 | 1:43 pm

SPY

VGK

President Biden is set to ban U.S. sales of Kaspersky software due to its ties to Russia, according to a source. This move is part of broader sanctions and regulatory actions against Russian entities.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 1:33 pm

NMTC

The Centers for Medicare and Medicaid Services (CMS) has granted approval for NeuroOne's ICD-10 procedure code for sEEG RF Ablation. This code, effective from October 1, 2024, positions NeuroOne's OneRF™ Ablation System for broader adoption and awareness in the healthcare system.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 1:31 pm

DJT

Trump Media & Technology Group Corp (NASDAQ:DJT) shares are trading lower after the SEC declared effective the company’s registration statement on Form S-1 related to the resale of shares and warrants. The registration allows for the issuance of up to 14.4 million common shares and the resale of 146.1 million shares, including 78.8 million held by Trump. The company may receive up to $247 million if all warrants are exercised for cash.

Portfolio Pulse from Adam Eckert

June 20, 2024 | 1:26 pm

PLUG

Plug Power has achieved certification of its stationary system to the American National Standards Institute/CSA Group's FC 1-2021 standards.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 1:21 pm

AGIXUSD

FETUSD

OCEANUSD

Ben Goertzel, CEO of SingularityNET, discussed the promising use cases for AI and blockchain technology, emphasizing the ethical and democratic deployment of AGI and ASI through the Artificial Superintelligence Alliance. The merger of FET, OCEAN, and AGIX tokens into a single $ASI token aims to create unprecedented scale and power in the AI ecosystem, impacting finance, healthcare, and entertainment sectors.

Portfolio Pulse from Murtuza Merchant

June 20, 2024 | 1:18 pm

IBRX

ImmunityBio has announced that its immunotherapy drug ANKTIVA is now covered by multiple insurance plans across several states. The first commercial doses have been administered to patients with BCG unresponsive non-muscle invasive bladder cancer, marking a significant milestone in immunotherapy. ANKTIVA activates the body's immune system to attack resistant tumor cells and has shown a long duration of complete response. Urologists can access more information and support through ImmunityBio CARE™.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 1:17 pm

AVGO

Broadcom's Symantec Cloud Secure Web Gateway Solution has received FedRAMP authorization, enhancing its credibility and potential adoption in the federal market.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 1:16 pm

SPY

Federal Reserve's Neel Kashkari stated that it might take a year or two to bring inflation back to the 2% target. He also mentioned that current wage growth might be too high to achieve this inflation goal.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 1:05 pm