Streetbeat News

Revenues

STLA

Stellantis NV (NYSE:STLA) has warned the UK government that it may cease vehicle production in the country if the government does not relax its electric vehicle (EV) sales targets. Stellantis has invested £100 million to convert its Ellesmere Port factory into an electric-only plant but finds the current EV sales targets 'unsustainable.'

Portfolio Pulse from Rounak Jain

June 25, 2024 | 12:12 pm

LFMD

LifeMD, Inc. (NASDAQ:LFMD) has launched private health insurance acceptance for its virtual primary care services, including weight management. Initially available in select states, the company plans to expand coverage nationwide and begin accepting Medicare by early 2025.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 12:10 pm

ALLR

Allarity Therapeutics (NASDAQ: ALLR) announced that multiple patients in its Phase 2 clinical trial of stenoparib for advanced recurrent ovarian cancer have been on treatment for more than 30 weeks, indicating extended clinical benefit.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 12:09 pm

BTBT

DELL

NVDA

Bit Digital has finalized an agreement to supply an existing customer with an additional 2,048 GPUs over a three-year term, totaling 4,096 GPUs and generating approximately $275 million in revenue. The company has placed a purchase order for 256 servers from Dell Technologies, equipped with Nvidia HGX H100 GPUs, to be delivered in July 2024. Bit Digital is also evaluating debt financing options for its hardware assets.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 12:09 pm

DJT

Trump Media & Technology Group Corp (NASDAQ:DJT) saw a significant surge of over 21% on Monday, recovering from a decline following Trump's legal issues. The stock closed at $33.52, up from $27 on Friday. The company expects to generate over $69.4 million from exercised warrants, but concerns about stock dilution remain. Short sellers have faced substantial losses, totaling $178 million year-to-date. Trump is also set to speak at the Bitcoin 2024 convention, highlighting his pro-crypto stance.

Portfolio Pulse from Anusuya Lahiri

June 25, 2024 | 12:08 pm

TEVA

Teva Pharmaceutical Industries Ltd. announced that its agreement with the Israel Tax Authority will not impact its financial outlook for 2024, which the company has reaffirmed.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 12:04 pm

LRHC

La Rosa Holdings Corp (NASDAQ: LRHC) announced plans to white-label its AI system, JAEME, which has seen a 92.6% increase in utilization since its launch in October 2023. The company aims to reach a $100M revenue run rate and will unveil further enhancements at its Tech Summit in October 2024.

Portfolio Pulse from Anusuya Lahiri

June 25, 2024 | 12:01 pm

LRHC

La Rosa Holdings reported a 92.6% increase in utilization for its JAEME platform within five months of its launch. This significant growth indicates strong market acceptance and potential for future revenue growth.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 12:00 pm

LRHC

La Rosa Holdings has announced a partnership with Benzinga to white label its proprietary AI system, JAEME, to support real estate agents. This move is expected to create a new revenue stream for La Rosa Holdings.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 12:00 pm

WVE

Wave Life Sciences announced positive results from its Phase 1B/2A SELECT-HD trial of WVE-003 for Huntington's Disease, showing a 46% reduction in mutant huntingtin protein with preservation of wild-type huntingtin. The company plans to engage regulators for potential accelerated approval and submit an opt-in package to partner Takeda. The data validate Wave's RNA medicines platform and pipeline.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 11:35 am