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GOOGL

META

ORCL

SNAP

The Biden Administration has demanded that TikTok migrate its source code from China to the U.S. or another U.S. government-approved location. TikTok has stated that a U.S. ban is inevitable without a court order blocking the law. ByteDance claims that the Biden Administration has refused serious settlement talks on TikTok's fate since August 2022.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 5:25 pm

BSX

SILK

Boston Scientific is set to acquire Silk Road Medical for $1.16 billion in cash, offering $44 per share, which is a 30% premium over the last closing price. The deal aims to enhance Boston Scientific's neurovascular portfolio and is expected to close by Q4 2024, pending regulatory approvals.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 5:21 pm

IBRX

ImmunityBio, Inc. (NASDAQ:IBRX) shares are trading higher after the company announced insurance coverage of its immunotherapy, ANKTIVA, across multiple states. ANKTIVA, which treats non-muscle invasive bladder cancer, received FDA approval recently and has started being administered to patients.

Portfolio Pulse from Dylan Berman

June 20, 2024 | 4:49 pm

AVGO

Broadcom Inc (NASDAQ:AVGO) announced that its Symantec Cloud Secure Web Gateway solution received FedRAMP authorization, enabling U.S. federal agencies to migrate security services to cloud-native services cost-effectively. This achievement highlights Broadcom's commitment to securing federal agencies.

Portfolio Pulse from Adam Eckert

June 20, 2024 | 4:39 pm

NVEI

Nuvei Corporation has received final court approval for its plan of arrangement with Neon Maple Purchaser Inc., which is controlled by Advent International. This follows the approval from Nuvei's shareholders.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 4:31 pm

BNB

Binance has been fined $2.25 million by India's Financial Intelligence Unit for anti-money laundering violations. This follows similar regulatory actions in Canada and the U.S. against the exchange. The increasing global scrutiny on cryptocurrency operations is evident.

Portfolio Pulse from Murtuza Merchant

June 20, 2024 | 4:24 pm

MSFT

PLUG

Plug Power, Inc. (NASDAQ:PLUG) has achieved certification for its one megawatt high-powered stationary system, marking a significant milestone in its green hydrogen expansion. The company has also made strides in the stationary power market with installations for Microsoft Corporation (NASDAQ:MSFT) and other customers. Plug Power aims to prioritize equipment sales and profitability through pricing increases and vertical integration.

Portfolio Pulse from Nabaparna Bhattacharya

June 20, 2024 | 4:21 pm

AAPL

PFE

The U.S. Supreme Court has upheld a 2017 tax on foreign profits for American-owned businesses, which is expected to generate $340 billion over 10 years, impacting multinational companies like Apple Inc. (NASDAQ:AAPL) and Pfizer (NYSE:PFE).

Portfolio Pulse from Michael Juliano

June 20, 2024 | 4:14 pm

VFF

Village Farms International, Inc. (NASDAQ:VFF) plans to enter the Dutch recreational cannabis market through its subsidiary Leli Holland. Production is set to begin in Q4 2024, with sales starting in Q1 2025. The company aims to leverage its Canadian success and EU-GMP certification to expand in Europe.

Portfolio Pulse from Javier Hasse

June 20, 2024 | 4:08 pm

MU

Micron shares are trading lower due to reports that environmental requirements have delayed the groundbreaking of its Syracuse fabs to 2025.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 4:04 pm