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FLYX

SOAR

Volato Group, Inc. (AMEX:SOAR) shares surged premarket after announcing an agreement with flyExclusive, Inc. (NYSE:FLYX) to manage its fleet operations. This move is expected to reduce costs for Volato and allow focus on growth areas. A potential merger is also being considered.

Portfolio Pulse from Lekha Gupta

September 05, 2024 | 12:20 pm

KVAC

Medera, a biotechnology company, is set to merge with Keen Vision Acquisition Corporation (KVAC) and be listed on NASDAQ. The merger aims to accelerate Medera's clinical programs and is expected to close in Q4 2024.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 12:17 pm

VRNT

Verint Systems shares declined following the release of disappointing Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 12:15 pm

SPY

The ADP Nonfarm Employment Change for August reported a lower-than-expected increase of 99,000 jobs, compared to the estimated 144,000 and the previous month's 111,000. This indicates a slowdown in job growth.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 12:15 pm

ASTS

AST SpaceMobile announced that it has no plans to raise capital through an underwritten public equity offering until at least the end of 2024, and believes it has sufficient capital to execute its near-term operational initiatives.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 12:14 pm

GILD

Gilead Sciences, Inc. will present new data on its lung cancer treatment, Trodelvy, at the IASLC 2024 World Conference on Lung Cancer. The data will cover multiple types of lung cancer and lines of therapy, including results from the EVOKE-02 and EVOKE-01 studies in non-small cell lung cancer and the TROPiCS-03 study in small cell lung cancer.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 12:12 pm

CXM

Sprinklr (NYSE:CXM) reported mixed Q2 results, missing EPS estimates but beating revenue expectations. The company lowered its FY25 EPS guidance, leading analysts to cut price targets. Sprinklr's stock fell 1.9% following the announcement.

Portfolio Pulse from Avi Kapoor

September 05, 2024 | 12:09 pm

OPTT

Ocean Power Technologies (NYSE:OPTT) successfully completed long-term testing of its Next Generation PowerBuoy, achieving 100% data uptime and maintaining battery charge over 90%. The testing included Intelligence, Surveillance, and Reconnaissance demonstrations.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 12:08 pm

IVDA

Iveda Solutions has announced a $2.15 million registered direct offering of 5 million shares at $0.43 per share. Additionally, there is a concurrent private placement including Series A and B warrants for an additional 5 million shares each. The closing is expected on September 6, 2024.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 12:07 pm

OCUP

Ocuphire Pharma has initiated the VEGA-3 Phase 3 trial for its Phentolamine Ophthalmic Solution 0.75% aimed at treating presbyopia. The company expects to release topline data in the first half of 2025.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 12:07 pm