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Revenues

VXRT

Vaxart shares are trading higher after the company received a BARDA-funded Project NextGen award valued up to $453 million to conduct a Phase 2b study evaluating its COVID-19 oral pill vaccine candidate.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 11:24 am

BRK.A

BYDDF

Chinese automakers, led by Warren Buffett-backed BYD, have outsold U.S. brands for the first time, selling 13.4 million vehicles compared to 11.9 million by American brands. This growth is driven by competitive pricing and expansion into emerging markets, despite rising trade tensions and increased tariffs on Chinese EVs.

Portfolio Pulse from Benzinga Neuro

June 14, 2024 | 11:01 am

GLD

SPY

UNG

UUP

On June 13th, U.S. stock markets closed mixed with the Nasdaq and S&P 500 reaching record highs. Economic data showed a drop in U.S. producer prices and a rise in jobless claims. The Federal Reserve held interest rates steady. Most S&P 500 sectors fell, while tech and real estate stocks rose. Asian markets were mixed, with Japan's Nikkei 225 gaining and Australia's S&P/ASX 200 declining. European markets continued to decline, and commodities showed mixed performance. The U.S. Dollar Index advanced.

Portfolio Pulse from Akanksha Bakshi

June 14, 2024 | 11:00 am

RIVN

TSLA

Elon Musk debunked rumors about the decline of Tesla's supercharger network, stating it is continuing to grow. Tesla plans to invest $500 million in expanding the network this year and has started opening it to rival EV makers. Despite layoffs, Tesla maintains its timeline for opening the network to competitors by Spring 2024.

Portfolio Pulse from Anan Ashraf

June 14, 2024 | 10:47 am

PNM

PNM Resources announced that its unit, Texas-New Mexico Power Company (TNMP), received approval for a $15.7 million annual increase in distribution investment recovery, effective July 28, 2024. This approval allows TNMP to recover over $205 million in net distribution infrastructure investments. Recent legislation permits semi-annual filings, reducing regulatory lag and supporting TNMP's investment plan for reliable growth.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 10:40 am

TNXP

Tonix Pharmaceuticals Holding Corp. (NASDAQ:TNXP) saw its stock price rise by 23% in pre-market trading after completing a $4 million public offering. The company plans to use the proceeds for working capital, general corporate purposes, and to prepare a new drug application for its Tonmya product candidate.

Portfolio Pulse from Benzinga Neuro

June 14, 2024 | 10:15 am

ADBE

POWW

RFIL

RNA

RZLT

Adobe, Avidity Biosciences, Rezolute, RF Industries, and AMMO are stocks to watch today. Adobe posted strong Q2 results and a positive forecast, boosting its shares. Rezolute announced a public offering, causing a dip. RF Industries reported a profit, beating expectations. Avidity Biosciences priced a public offering, and AMMO reported a profit, but shares fell.

Portfolio Pulse from Avi Kapoor

June 14, 2024 | 10:08 am

GLSI

Greenwich LifeSciences (GLSI) announced a private placement of $2.5 million at $14.30 per share with its CEO, Snehal Patel. The closing is expected around June 18, 2024. The proceeds will be used for clinical development and working capital.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 10:07 am

VGK

The Eurozone's trade balance for April was reported at 15.0 billion euros, falling short of the estimated 17.0 billion euros and significantly lower than the prior month's 24.1 billion euros.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 9:52 am

VOD

Vodafone is planning to sell its $2.3 billion stake in India's Indus Towers next week to help repay its debt.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 9:30 am