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BABA

TSLA

Elon Musk, CEO of SpaceX and Tesla, was welcomed with fanfare on a surprise trip to China, where he met with top Chinese government officials and was hailed as 'Brother Ma'. His visit comes amid intensified competition for Tesla from Chinese EV manufacturers and heightened US-China tensions.

Portfolio Pulse from AJ Fabino

June 01, 2023 | 12:38 pm

LCID

Lucid Group announced a public offering of 173,544,948 shares of its common stock, with an affiliate of PIF investing for aggregate proceeds of ~$3.0 billion. This news has led to a decline in LCID's share price.

Portfolio Pulse from Benzinga Newsdesk

June 01, 2023 | 12:38 pm

CRM

Salesforce reported strong Q1 results with an 11% YoY increase in revenue to $8.25 billion, beating consensus estimates of $8.18 billion. Earnings per share were $1.69, surpassing estimates of $1.61. Despite the positive results, Salesforce's stock is trading lower. Several analysts have raised their price targets on the stock.

Portfolio Pulse from Adam Eckert

June 01, 2023 | 12:38 pm

TGT

WMT

Walmart Inc (NYSE:WMT) remains committed to its Pride Month Offerings despite backlash, unlike Target Corp (NYSE:TGT) which removed some products from its Pride Collection after facing customer backlash.

Portfolio Pulse from Shivani Kumaresan

June 01, 2023 | 12:35 pm

CRM

Salesforce reported better-than-expected Q1 results, but its shares are trading lower.

Portfolio Pulse from Benzinga Newsdesk

June 01, 2023 | 12:35 pm

PRPH

ProPhase Labs' Linebacker-1, a potential cancer therapy, has shown promising results in pre-clinical studies with Dana Farber/Harvard Cancer Institute. The treatment fully inhibited lung cancer cell growth and significantly limited colon cancer cell growth. The company is moving forward with in-depth cancer modeling and plans to begin Phase I human studies next year.

Portfolio Pulse from Happy Mohamed

June 01, 2023 | 12:33 pm

IDAI

Trust Stamp announced the pricing of a $2.9 million registered direct offering at $2.30 per share.

Portfolio Pulse from Benzinga Newsdesk

June 01, 2023 | 12:32 pm

BHAT

Blue Hat Interactive Entertainment Technology (BHAT) has regained compliance with Nasdaq's minimum bid price requirement, as per their Form 6-k filing.

Portfolio Pulse from Happy Mohamed

June 01, 2023 | 12:32 pm

VTGN

Vistagen (NASDAQ: VTGN) presented positive safety and exploratory efficacy data from its Phase 3 open-label study of fasedienol nasal spray for the treatment of anxiety in adults with social anxiety disorder at the American Society for Clinical Psychopharmacology Annual Meeting. The study showed favorable long-term treatment data from nearly 500 patients, suggesting that patient-tailored, as-needed administrations of fasedienol were safe and well-tolerated.

Portfolio Pulse from Happy Mohamed

June 01, 2023 | 12:31 pm

CVX

SHEL

TTE

XOM

Exxon Mobil rejected all 12 climate change proposals from investor groups at its AGM, opposing pressure to adopt stricter emissions reduction goals. Chevron investors also rejected similar proposals. Exxon is the only one of the five US oil majors without 2030 carbon emissions reduction targets.

Portfolio Pulse from Lekha Gupta

June 01, 2023 | 12:28 pm