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NIO

STLA

TSLA

China has vowed to protect its interests against the European Union's potential imposition of tariffs on Chinese electric vehicles (EVs). The EU plans to apply provisional duties of up to 25% on Chinese EV imports starting next month, which could escalate to 35%. This move aims to counteract Chinese government subsidies to its manufacturers. Companies like BYD Co, SAIC, Tesla, Volkswagen, Stellantis, Mercedes Benz, and NIO will be impacted. Reactions from these companies and industry experts are mixed, with concerns about market impact and potential retaliatory measures from China.

Portfolio Pulse from Benzinga Neuro

June 12, 2024 | 1:12 pm

PRPO

Precipio anticipates that its Pathology Division will return to exceeding its breakeven point in Q3-2024.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 1:04 pm

APLD

Over the past three months, 8 analysts have evaluated Applied Digital (NASDAQ:APLD), with all ratings being bullish. The average 12-month price target is $9.12, a 26.33% decline from the prior average. Analysts have adjusted their price targets, reflecting changes in market conditions and company performance. Applied Digital has shown significant revenue growth but faces challenges in profitability, return on equity, return on assets, and debt management.

Portfolio Pulse from Benzinga Insights

June 12, 2024 | 1:01 pm

LQR

In the last three months, 4 analysts have published ratings on LQR House (NASDAQ:LQR), with all ratings being bullish. The average 12-month price target is $5.5, slightly lower than the previous average of $5.67. LQR House aims to become a full-service digital marketing and brand development company in the alcoholic beverage space, with significant revenue growth but challenges in profitability and asset utilization.

Portfolio Pulse from Benzinga Insights

June 12, 2024 | 1:00 pm

NTR

Nutrien is set to present its strategic priorities and 2026 targets at its Investor Day. The company aims for a Retail adjusted EBITDA of $1.9B-$2.1B in 2026, with a goal of $1.4B in gross margin from proprietary products. Nutrien plans to reduce controllable costs by $200M and maintain annual capital expenditures of $2.2B-$2.3B through 2026.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 12:44 pm

DIS

WBD

Warner Bros. Discovery (WBD) has secured a 10-year broadcasting deal through TNT Sports to cover the French Open in the U.S. starting in 2025. This deal, valued at around $650 million, marks a significant expansion for WBD and includes exclusive live coverage on TNT, TBS, truTV, and Max. The deal comes as WBD faces potential loss of NBA broadcasting rights and is co-launching a new sports streaming service, Venu Sports, with Fox and Disney's ESPN.

Portfolio Pulse from Shivani Kumaresan

June 12, 2024 | 12:40 pm

BNRG

Brenmiller Energy Ltd. (NASDAQ: BNRG) has signed a non-binding Memorandum of Understanding with Proactive Planet to distribute bGen™ Thermal Energy Storage systems in Alberta, Canada. The initial list of potential customers is valued at over $6 million and represents 60 MWh of TES capacity.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 12:40 pm

GLD

SLV

Gold and silver prices are trading higher following softer-than-expected May CPI figures.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 12:36 pm

QQQ

SPY

US inflation eased more than expected in May, boosting prospects for a 2024 rate cut ahead of the Fed meeting. The annual CPI inflation rate fell to 3.3%, below the expected 3.4%. This has led to a rally in futures on major U.S. equity indices and a drop in Treasury yields.

Portfolio Pulse from Piero Cingari

June 12, 2024 | 12:35 pm

ICCM

IceCure Medical Ltd. (NASDAQ:ICCM) presented interim data from its ICESECRET kidney cancer trial at the 3rd Annual Israeli Conference on Interventional Radiology. The data showed that the ProSense® System is safe and effective, with an 89.5% recurrence-free rate. More data is expected in Q4 2024.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 12:32 pm