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PLTR

Palantir Technologies Inc. (NYSE:PLTR) CEO Alex Karp suggested that the U.S. should bolster its defense technology to deter potential adversaries, particularly China. Karp emphasized the importance of software-defined weapons systems and a strong defense to maintain peace. His comments come amid increasing U.S.-China tensions and follow Palantir's strong first-quarter earnings report.

Portfolio Pulse from Benzinga Neuro

May 16, 2024 | 8:41 am

BTCUSD

Bitcoin's global adoption rate has reached 4.7%, mirroring the Internet's growth in early 1999. Analyst Willy Woo highlights the cryptocurrency's potential for future growth, predicting a user base of 500 million by October and nearly a billion by the end of 2025. Bitcoin's price has surged 6.41% in the last 24 hours, currently trading at $65,837.53.

Portfolio Pulse from Aniket Verma

May 16, 2024 | 8:17 am

TSLA

Tesla Inc. (NASDAQ:TSLA) is making a concerted effort to gain retail investor support for CEO Elon Musk's pay package ahead of its June 13 annual meeting. The company has launched a dedicated website and enlisted a strategic advisor and law firm to aid the campaign. This follows a Delaware judge's rejection of the compensation agreement in March. Despite significant social media support for Musk, challenges include low retail investor participation and financial declines. Major investors like Leo KoGuan oppose the pay deal, while the stances of Vanguard and BlackRock remain unclear.

Portfolio Pulse from Ramakrishnan M

May 16, 2024 | 8:11 am

HUDA

ZK

Chinese EV maker Aiways will go public via a merger with U.S. SPAC Hudson Acquisition Corp (NASDAQ:HUDA) in a deal valuing Aiways at $400 million. This follows the successful New York debut of Geely's Zeekr (NYSE:ZK).

Portfolio Pulse from Anan Ashraf

May 16, 2024 | 8:09 am

TSLA

Elon Musk, CEO of Tesla and owner of the social media platform X, has suggested hosting a debate between 2024 presidential contenders Joe Biden and Donald Trump on X Spaces. This proposal comes as Biden and Trump have agreed to participate in two TV debates hosted by CNN and ABC. The idea has received mixed reactions, with some expressing disapproval due to Trump's past debate behavior.

Portfolio Pulse from Benzinga Neuro

May 16, 2024 | 7:47 am

GRAB

Grab Holdings (NASDAQ:GRAB) reported Q1 EPS of $(0.03), an improvement from $(0.06) YoY, and sales of $653M, beating the $636.8M estimate.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 7:15 am

IKT

Inhibikase Therapeutics (NASDAQ:IKT) reported a Q1 2024 GAAP EPS of $(0.73), beating the analyst estimate of $(0.79). This represents a 25.51% improvement over the same period last year. The company has $9.7M in cash.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 7:06 am

PFE

Pfizer Inc. (NYSE:PFE) has agreed to pay up to $250 million to settle thousands of lawsuits related to its discontinued heartburn drug Zantac. The settlement aims to reduce Pfizer's potential liability and reassure investors, despite the company's stance that Zantac did not cause cancer when used as directed.

Portfolio Pulse from Benzinga Neuro

May 16, 2024 | 7:04 am

CMG

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SPY

Bill Ackman's Pershing Square Holdings made significant changes in its portfolio, including divesting from Lowe's, reducing its stake in Chipotle, and adjusting its holdings in Alphabet. The firm maintained its positions in other major holdings like Restaurant Brands International and Canadian Pacific Kansas City Limited.

Portfolio Pulse from Shanthi Rexaline

May 16, 2024 | 6:53 am

CIVI

Civitas Resources has priced a secondary public offering of 6,956,520 common stock by an affiliate of the Canada Pension Plan Investment Board at $73.80 per share.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 6:37 am