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Spotify plans to launch a more expensive subscription plan called 'Supremium' with high-fidelity audio. Grab Holdings plans to cut its workforce by 5%. Deutsche Bank applies for a digital asset custody license. Google is in talks with Indian suppliers to assemble Pixel smartphones. Chinese vendors bypass the US embargo to supply Nvidia AI chips. Alibaba names Eddie Wu as its new CEO. Hyundai unveils an $85B investment plan for EVs. Airbus confirms a 500 A320 aircraft order from IndiGo.

Portfolio Pulse from Vandana Singh

June 20, 2023 | 1:07 pm

DFLI

Dragonfly Energy (NASDAQ: DFLI) has priced a $20 million underwritten public offering of 10 million shares of common stock at $2 per share, along with investor warrants. The offering is expected to close on June 22, 2023, and the proceeds will be used for working capital and general corporate purposes.

Portfolio Pulse from Happy Mohamed

June 20, 2023 | 1:06 pm

STRC

Sarcos Technology and Robotics Corporation (NASDAQ: STRC) has announced a 1-for-6 reverse stock split, effective on July 5, 2023. The split aims to increase the price per share of the company's common stock to comply with the $1.00 minimum bid price requirement for continued listing on Nasdaq.

Portfolio Pulse from Happy Mohamed

June 20, 2023 | 1:05 pm

EPR

Analysts have provided ratings for EPR Props (NYSE:EPR) within the last quarter, with an average price target of $48.75, implying an upside from the current price of $45.8. The current average has increased by 8.33% from the previous average price target of $45.00.

Portfolio Pulse from Benzinga Insights

June 20, 2023 | 1:03 pm

PARA

In the last quarter, Paramount Global (NASDAQ:PARA) received 7 bullish, 1 indifferent, 1 somewhat bearish, and 1 bearish analyst ratings. The company has an average 12-month price target of $23.2, representing a 4.01% decrease from the previous average of $24.17.

Portfolio Pulse from Benzinga Insights

June 20, 2023 | 1:02 pm

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GM

HYMTF

TSLA

Hyundai Motor Company is considering joining Tesla's North American Charging Standard (NACS) alliance, which has been adopted by General Motors and Ford. Tesla's Superchargers make up 60% of total available U.S. fast chargers. By opening its charging network to other brands, Tesla could qualify for $7.5 billion in subsidies.

Portfolio Pulse from Shivani Kumaresan

June 20, 2023 | 1:02 pm

TBLA

Analysts have provided bullish and somewhat bullish ratings for Taboola.com (NASDAQ:TBLA) in the last quarter, with an average price target of $5.0, implying an upside from the current price of $2.97. The average price target has increased by 11.11% from the previous average of $4.50.

Portfolio Pulse from Benzinga Insights

June 20, 2023 | 1:02 pm

MIST

Over the past 3 months, 5 analysts have published their opinion on Milestone Pharmaceuticals (NASDAQ:MIST) stock, with an average 12-month price target of $18.4, up 53.33% from the previous average of $12. The company has received 3 bullish, 1 somewhat bullish, and 1 indifferent rating.

Portfolio Pulse from Benzinga Insights

June 20, 2023 | 1:01 pm

USFD

US Foods Hldg (NYSE:USFD) has received 2 bullish and 3 somewhat bullish ratings from analysts in the last quarter, with an average price target of $50.8, up 10.43% from the previous average of $46. The current price of US Foods Hldg is $41.65.

Portfolio Pulse from Benzinga Insights

June 20, 2023 | 1:00 pm

GLTO

Galecto (GLTO) is set to join the Russell Microcap Index, which could lead to increased visibility and trading volume for the biotech company.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2023 | 12:59 pm