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LCID

TSLA

Popular tech YouTuber Marques Brownlee (MKBHD) praised Lucid Motors' Sapphire variant of its Air sedan, highlighting its superior driving dynamics, range, and acceleration compared to Tesla's Model S Plaid. Despite Lucid's financial challenges, CEO Peter Rawlinson believes Lucid is poised to advance EV technology as Tesla appears distracted.

Portfolio Pulse from Anan Ashraf

June 03, 2024 | 12:36 pm

SPOT

Spotify has announced adjustments to its Premium subscription prices in the US. The new prices are: Individual $11.99, Duo $16.99, Family $19.99, and Student $5.99. This change aims to support continued investment and innovation in Spotify's product features.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 12:35 pm

SAVE

Spirit Airlines expects its cost-saving initiatives to benefit 2024 by over $75 million, with an annual run-rate savings of over $100 million.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 12:33 pm

FYBR

Frontier Communications Parent, Inc. (NASDAQ:FYBR) plans to offer $750 million in secured fiber network revenue term notes, with repayment anticipated in May 2031. The proceeds will be used to repay existing debt and for general corporate purposes, including investments in fiber expansion and copper migration strategies.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 12:29 pm

MTEK

Maris-Tech has received a $225,000 order from Aero Sol for an advanced video payload solution for drones, based on its Uranus technology.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 12:23 pm

SCPX

Scorpius Holdings, Inc. (NYSE American: SCPX) has announced a strategic partnership with Beyond Imagination, Inc. to utilize autonomous AI-powered humanoid robots in American biomanufacturing. This collaboration aims to improve biomanufacturing reliability, scalability, and efficiency, and enhance US preparedness for pandemics and other crises.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 12:22 pm

GAME

GameSquare Holdings has sold Frankly Media's non-core CMS and PR distribution assets for $2.2 million, which will reduce its annual operating expenses by $2.3 million.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 12:21 pm

ENTX

Entera Bio Ltd. (NASDAQ:ENTX) presented Phase 1 clinical data for its oral PTH(1-34) peptide candidate, EB612, for hypoparathyroidism at the ENDO 2024 Annual Meeting. The program aims to provide the first oral PTH daily tablet hormone replacement therapy, contrasting with current injectable treatments by Ascendis Pharma and Amolyt Pharma.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 12:14 pm

MRK

MRNA

Moderna and Merck announced positive results from a Phase 2B study of mRNA-4157 (V940) plus Keytruda in patients with resected high-risk melanoma. The combination treatment showed significant improvements in recurrence-free survival and distant metastasis-free survival compared to Keytruda alone.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 12:11 pm

VCIG

VCI Global has increased its FY24 guidance by 65% on a 52-week basis, reporting FY23 revenue of $19.8 million. The company expects a gross margin of approximately 85% and operating income growth of 20% to 23% for FY24.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 12:11 pm