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EMLD

Bitcoin reward firm Fold is reportedly nearing a deal with Betsy Cohen's SPAC, FTAC Emerald Acquisition Corp (EMLD).

Portfolio Pulse from charles@benzinga.com

July 24, 2024 | 9:17 am

GPI

Group 1 Automotive (NYSE:GPI) reported Q2 earnings of $9.80 per share, beating the $9.36 estimate but down 16.45% from last year. Sales were $4.70B, slightly missing the $4.71B estimate but up 3.01% from last year.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 9:11 am

RIVN

TSLA

Rivian is set to face trial over allegations of trade secrets theft from Tesla. The case, which will be closely watched, could have significant implications for both companies.

Portfolio Pulse from charles@benzinga.com

July 24, 2024 | 9:11 am

CHKP

Check Point Software Technologies (CHKP) has announced that Nadav Zafrir will become the new CEO effective December 2024. Gil Shwed, the current CEO and founder, will transition to the role of Executive Chairman. Zafrir brings extensive experience in cybersecurity and venture capital, having co-founded Team8 and served as Chairman of SolarEdge Technologies.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 9:04 am

CHKP

Check Point Software reported Q2 2024 adjusted EPS of $2.17, beating the estimate of $2.16. Sales were $627.4 million, surpassing the $623.266 million estimate.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 9:01 am

GILD

Gilead Sciences announced positive Phase 3 trial results for Lenacapavir, showing 100% efficacy in preventing HIV infections in cisgender women.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 8:33 am

EWU

The U.K. Manufacturing Purchasing Managers Index (PMI) for the preliminary reading came in at 51.8, higher than the estimated 51.1 and the prior reading of 50.9.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 8:32 am

AAPL

GOOG

META

Mark Zuckerberg, CEO of Meta Platforms Inc. (NASDAQ:META), is seeking public opinion on AI-generated outfits using Meta's latest AI model, Llama 3.1. This initiative aligns with Meta's broader AI ambitions, aiming to compete with tech giants like Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) and Apple Inc. (NASDAQ:AAPL). Meta has also acquired a 5% stake in EssilorLuxottica, the parent company of streetwear brand Supreme.

Portfolio Pulse from Benzinga Neuro

July 24, 2024 | 8:19 am

WAFU

Wah Fu Education Group Limited has announced its entry into the fields of educational AI and informatization, signaling a strategic shift towards integrating advanced technologies in education.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 8:03 am

GOOG

GOOGL

TSLA

Alphabet Inc. (GOOG, GOOGL) has committed to a $5 billion investment in its autonomous driving unit, Waymo. This investment is consistent with previous annual levels and aims to further develop Waymo's technology and commercialization efforts. Tesla CEO Elon Musk mocked the investment on social media, highlighting the significant cash burn associated with Waymo. Waymo is currently operational in several cities, offering autonomous rides.

Portfolio Pulse from Anan Ashraf

July 24, 2024 | 8:03 am