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VGK

The Eurozone's trade balance for April was reported at 15.0 billion euros, falling short of the estimated 17.0 billion euros and significantly lower than the prior month's 24.1 billion euros.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 9:52 am

ACIU

BAND

MSM

ORN

PINS

PLAY

RZLT

RH, MSC Industrial Direct, and other major stocks experienced declines in Friday's pre-market session. RH reported mixed Q1 results, missing EPS estimates but beating revenue expectations, leading to an 11.6% drop. MSC Industrial Direct also fell 11.3% after reporting below-estimate Q3 results and cutting FY24 margin guidance.

Portfolio Pulse from Avi Kapoor

June 14, 2024 | 9:50 am

TSLA

Tesla's CEO Elon Musk discussed the company's growth potential at the annual shareholder meeting, highlighting opportunities in autonomous transport and humanoid robots. Musk's ambitious market cap targets were met with skepticism by fund manager Jim Chanos. Despite challenges, Tesla's stock saw a slight premarket increase.

Portfolio Pulse from Shanthi Rexaline

June 14, 2024 | 9:35 am

RIVN

TSLA

Rivian Automotive Inc. (NASDAQ:RIVN) has opened a new 'space' in Austin, Texas, close to Tesla's gigafactory. This move is part of Rivian's strategy to compete with Tesla in the electric vehicle market. Rivian's new space will showcase its lineup, including the R1S SUV and R1T pickup truck, which compete with Tesla's Model X and Cybertruck, respectively. Rivian aims to reach positive gross profit by the end of 2024 despite current financial losses.

Portfolio Pulse from Anan Ashraf

June 14, 2024 | 9:25 am

TSLA

Tesla Inc. (NASDAQ:TSLA) shareholders approved Elon Musk's $56 billion pay package, but it now requires approval from a Delaware judge. Despite shareholder support, the package faces legal challenges and opposition due to recent declines in sales and stock prices. The outcome remains uncertain.

Portfolio Pulse from Benzinga Neuro

June 14, 2024 | 8:53 am

TSLA

Tesla CEO Elon Musk announced ambitious plans for the Optimus humanoid robot, predicting a significant market share and potential $25 trillion market cap. Tesla aims to start limited production by early next year and deploy thousands of bots in its factories by 2025. Musk's optimistic projections include selling each bot for $10,000 to $20,000.

Portfolio Pulse from Anan Ashraf

June 14, 2024 | 8:40 am

MARA

RIOT

Despite miner capitulation due to Bitcoin's recent halving event, the Bitcoin market remains strong due to high demand. Shares of Marathon Digital Holdings (MARA) fell 1.53%, while Riot Platforms (RIOT) rose 3.2%. Former President Trump expressed support for U.S. Bitcoin mining.

Portfolio Pulse from Aniket Verma

June 14, 2024 | 8:36 am

VRTX

Vertex Pharmaceuticals presented long-term data on CASGEVY (exagamglogene autotemcel) at the EHA 2024 Congress, showcasing promising results.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 8:14 am

EDIT

Editas Medicine has released updated safety and efficacy results from the EdiTHAL trial of reni-cel in 7 patients with transfusion-dependent beta thalassemia. All patients maintained hemoglobin levels above the transfusion threshold and are transfusion-free post-infusion. Reni-cel was well-tolerated with a safety profile consistent with myeloablative conditioning with busulfan and autologous hematopoietic stem cell transplant.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 8:12 am

PTGX

Protagonist Therapeutics presented updated long-term findings from its Phase 2 REVIVE study of Rusfertide at EHA2024, showing sustained hematocrit control.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 8:04 am