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MSFT

OpenAI has revised its policies on secondary share sales, allowing both current and former employees to participate equally in its annual tender offers. This change comes amid OpenAI's rising valuation and a sluggish IPO market.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 8:23 pm

RIVN

Rivian Automotive, Inc. (NASDAQ:RIVN) shares rose after the company announced a 35% reduction in material costs by simplifying its production process. The company removed over 100 steps from battery-making, 52 pieces of equipment from the body shop, and over 500 parts from its EV designs. These changes are expected to improve manufacturing efficiency and help Rivian achieve profitability.

Portfolio Pulse from Erica Kollmann

June 24, 2024 | 8:23 pm

BIRK

Birkenstock has filed for a secondary offering of up to 14 million ordinary shares by a selling shareholder, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 8:22 pm

DAR

Darling Ingredients has approved a two-year extension and a $500 million refresh for its share repurchase program as of June 21.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 8:21 pm

SEDG

SolarEdge Technologies shares are trading lower after the company announced a private offering of $300 million convertible notes due 2029.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 8:19 pm

BTCUSD

DJT

MLGO

Bitcoin falls below $60k for the first time since May. MicroAlgo shares surge 288% on high volume. Trump Media shares rise over 20% after raising $69.4M from warrant exercises.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 8:19 pm

CORT

Corcept Therapeutics announced results from the CATALYST clinical trial at the ADA's 84th Scientific Sessions, showing a 24% prevalence of hypercortisolism in patients with difficult-to-control type 2 diabetes. The study, involving 1,055 patients, is the largest of its kind.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 8:17 pm

ABG

Asbury Automotive Group (NYSE:ABG) has been impacted by a cyber-attack on its vendor, CDK Global, affecting various business operations. While contingency plans are in place, some business functions may operate slower than usual. Koons Automotive locations and Clicklane remain minimally affected.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 8:10 pm

GRAL

ILMN

GRAIL, Inc. (NASDAQ:GRAL) will commence regular-way trading on the Nasdaq Global Select Market starting June 25, 2024, following its spin-off from Illumina (NASDAQ:ILMN). GRAIL focuses on developing groundbreaking cancer screening technology.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 8:08 pm

GRAL

ILMN

GRAIL, Inc. (NASDAQ:GRAL) will begin trading on the Nasdaq Global Select Market on June 25, 2024, following its spin-off from Illumina (NASDAQ:ILMN). GRAIL focuses on developing groundbreaking cancer screening technology.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 8:08 pm