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SMR

NuScale Power has issued a statement denying claims made by short-seller Hunterbrook about an SEC investigation. The company asserts that the SEC has not communicated any investigation and that it is unaware of any reason for such an investigation.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 7:11 am

CLVT

Clarivate Plc (NYSE:CLVT) has launched the OFF-X™ platform, enhancing drug safety intelligence with faster search capabilities, improved visual design, and additional analytic tools. The platform integrates with Cortellis Drug Discovery Intelligence™ to provide comprehensive safety information.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 7:08 am

AAPL

Apple Inc. (NASDAQ:AAPL) has released the iOS 18.1 developer beta, featuring the new Apple Intelligence AI system, ahead of its Q3 earnings. The beta includes Writing Tools, Reduce Interruptions Focus Mode, and phone call recording. The full rollout of Apple Intelligence is expected later this year.

Portfolio Pulse from Rounak Jain

July 30, 2024 | 6:44 am

BP

BP has provided its fiscal 2024 guidance, expecting slightly higher upstream production compared to 2023. The company anticipates divestments and other proceeds to reach $2-3 billion in the second half of 2024. BP also expects growth in its convenience business, a stronger contribution from Castrol, and continued margin growth from BP Pulse. Refining margins are expected to be lower, with a higher impact in the fourth quarter. Capital expenditure is projected to be around $16 billion, and Gulf of Mexico settlement payments are expected to be around $1.2 billion pre-tax.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 6:39 am

GOVT

The U.S. national debt has reached a record high of $35.01 trillion, increasing by over $7.2 trillion since President Joe Biden took office. Economist Peter Schiff highlighted the rapid debt accumulation compared to previous administrations. The iShares U.S. Treasury Bond ETF (GOVT) saw a slight increase in its price.

Portfolio Pulse from Shanthi Rexaline

July 30, 2024 | 6:36 am

BP

BP has announced a 10% increase in its interim dividend to 8.000 cents per ordinary share, payable on September 20, 2024. Holders of American Depositary Shares (ADSs) will receive $0.48 per ADS. The ex-dividend date is August 8, 2024, for ordinary shareholders and August 9, 2024, for ADS holders.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 6:32 am

COIN

Crypto-focused Fairshake has become the largest super PAC in the 2024 presidential election with over $200 million in donations, primarily targeting Democratic candidates. Major contributors include Coinbase Global Inc. and Ripple Labs, each donating $45 million. This highlights the growing political influence of the cryptocurrency industry.

Portfolio Pulse from Aniket Verma

July 30, 2024 | 6:23 am

BP

BP (NYSE:BP) reported Q2 2024 adjusted EPS of $1.00, beating the $0.92 estimate, but sales of $47.299 billion missed the $52.925 billion estimate. EPS increased by 12.36% year-over-year, while sales decreased by 2.56%.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 6:16 am

TSLA

Tesla CEO Elon Musk has confirmed that there will be no Plaid+ version of the Model S sedan. Instead, the upcoming Roadster will fill the gap, with production expected to start in 2025. The Roadster, a collaboration between Tesla and SpaceX, promises exceptional performance, including acceleration from 0 to 60 mph in less than 1 second.

Portfolio Pulse from Anan Ashraf

July 30, 2024 | 6:13 am

AUDC

AudioCodes (NASDAQ:AUDC) reported Q2 2024 earnings per share (EPS) of $0.18, missing the analyst estimate of $0.19 by 5.26%. However, sales were $60.303 million, slightly beating the estimate of $60.242 million. EPS increased by 12.5% year-over-year, and sales increased by 0.47% year-over-year.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 6:05 am