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Meta's Threads app has reached 100 million users in five days, making it the fastest-growing consumer application in history. Nanobiotix has entered a global licensing, co-development, and commercialization agreement with Janssen Pharmaceutica, a unit of Johnson & Johnson, for the investigational radioenhancer NBTXR3. GSK's Arexvy vaccine for respiratory syncytial virus has been approved in the UK for older adults. BT Group's CEO Philip Jansen is stepping down within the next 12 months. Foxconn has withdrawn from a $19.5 billion semiconductor joint venture with Vedanta, impacting India's chipmaking plans. General Motors has reduced the starting price for the Cadillac Lyriq by 14% in China. SVB Financial Group is suing the U.S. Federal Deposit Insurance Corporation to recover $1.93 billion. Saudi National Bank's plan to increase its stake in UBS Group's Credit Suisse has been halted by Swiss regulator FINMA. Godrej Aerospace is planning to invest in General Electric's GE414 engine manufacturing operations. Carl Icahn has revised loan agreements and recovery strategy after a short-seller attack led to a 40% drop in Icahn Enterprises' shares. Novo Nordisk's weight-loss medications are under European investigation over suicidal risks. Alibaba's Youku is airing a series focusing on China's semiconductor leadership.

Portfolio Pulse from Vandana Singh

July 10, 2023 | 2:30 pm

ALLO

FMR LLC has reported a 17.085% stake in Allogene Therapeutics, Inc. according to a 13G filing with the SEC.

Portfolio Pulse from Happy Mohamed

July 10, 2023 | 2:25 pm

IOVA

Iovance Biotherapeutics has announced regulatory and clinical updates for TIL therapy in advanced non-small cell lung cancer, which has led to a rise in the company's share prices.

Portfolio Pulse from Benzinga Newsdesk

July 10, 2023 | 2:22 pm

GOEV

Canoo Inc (NASDAQ:GOEV) announced an expansion of its partnership with the U.S. Department of Defense's Defense Innovation Unit (DIU). The collaboration involves Canoo delivering an advanced battery pack for use on operational military platforms. Canoo's stock experienced volatility following the announcement, peaking at 66 cents before falling 2.02% to 54 cents.

Portfolio Pulse from Adam Eckert

July 10, 2023 | 2:21 pm

FUN

Citigroup analyst James Hardiman has downgraded Cedar Fair (NYSE:FUN) from Buy to Neutral and lowered the price target from $50 to $41.

Portfolio Pulse from richadhand@benzinga.com

July 10, 2023 | 2:18 pm

SPY

FundStrat's Tom Lee, a bullish analyst, predicts a 1% rally in the S&P 500 Index this week, expecting the consumer price inflation (CPI) report to show a lower than expected inflation rate of 0.2% or less. This would be the lowest since August 2021, indicating that the Federal Reserve is achieving its target inflation levels. Lee also sees China's deflationary trend positively impacting the U.S. The SPDR S&P 500 ETF Trust (NYSE:SPY) slightly declined by 0.03% to $438.46.

Portfolio Pulse from Shanthi Rexaline

July 10, 2023 | 2:16 pm

GOEV

Canoo Inc. (NASDAQ:GOEV) has expanded its partnership with the U.S. Department of Defense's Defense Innovation Unit (DIU) to develop a high-power battery pack. This partnership validates Canoo's technological and operational reliability for demanding U.S. government projects. The battery pack will set the standard for energy-dense lithium batteries for the U.S. Navy. Despite this, GOEV shares are trading lower by 2.3%.

Portfolio Pulse from Nabaparna Bhattacharya

July 10, 2023 | 2:12 pm

META

Meta Platforms Inc's (NASDAQ:META) shares rose by 0.87% after its Threads platform reached 100 million users within five days of its release, making it the fastest-growing consumer application in history. The previous record was held by ChatGPT, which reached the same milestone in two months. Threads is a text-only app introduced as a competitor to Twitter.

Portfolio Pulse from Henry Khederian

July 10, 2023 | 2:12 pm

ASST

BFRG

CVNA

ZEV

The article lists potential short squeeze stocks to watch, including Asset Entities, Lightning eMotors, Bullfrog AI, Carvana, and others. High short interest and steep borrowing costs are common traits that could lead to a short squeeze. The top five short squeeze candidates are Asset Entities, Intuitive Machines, Toro Corp, MoonLake Immunotherapeutics, and Lightning eMotors.

Portfolio Pulse from Chris Katje

July 10, 2023 | 2:07 pm

BLK

BlackRock's stock has been upgraded from Market Perform to Outperform by Keefe, Bruyette & Woods, which also raised its price target from $770 to $835. This has resulted in BlackRock shares trading higher.

Portfolio Pulse from Benzinga Newsdesk

July 10, 2023 | 2:07 pm