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PZZA

May 22 is celebrated as Bitcoin Pizza Day, marking the first commercial use of Bitcoin when 10,000 BTC were exchanged for two pizzas from Papa John's. Bitcoin's value has since skyrocketed, making the pizzas worth nearly $700 million today. Shares of Papa John's saw a slight increase in after-market trading.

Portfolio Pulse from Aniket Verma

May 22, 2024 | 8:00 am

PLRX

Pliant Therapeutics presented data on their bexotegrast program at the American Thoracic Society 2024 International Conference. The data showed that bexotegrast was well tolerated across multiple studies, including Phase 1 and Phase 2 trials, with most adverse events being mild to moderate.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 7:51 am

KBDC

Kayne Anderson BDC has priced its initial public offering (IPO) of 6 million common shares at $16.63 per share.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 7:46 am

TSLA

Tesla, Inc. (NASDAQ:TSLA) is urging shareholders to approve CEO Elon Musk's 2018 compensation package and the re-domestication of Tesla in Texas ahead of the annual meeting. The company emphasizes Musk's role in driving growth and creating shareholder value, while criticizing the Delaware Chancery court's decision to nullify the pay plan. Shareholder approval is deemed crucial for Tesla's future plans, with speculation that Musk might step down if the proposal fails.

Portfolio Pulse from Shanthi Rexaline

May 22, 2024 | 7:43 am

DYN

Dyne Therapeutics has announced a public offering of 10.5 million common shares at $31 per share, expected to raise $325.5 million in gross proceeds. The offering is anticipated to close around May 24, 2024.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 7:09 am

LFST

LifeStance Health Group has priced a secondary public offering of 20 million common shares at $6.25 per share. The selling stockholders will receive all proceeds from the offering, and the company will not receive any proceeds.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 6:52 am

BYDDF

TSLA

BYD Co. (OTC:BYDDF) is set to launch its budget-friendly Seagull EV in Europe, challenging local automakers with a sub-$21K price tag. The move intensifies competition in the EV market, particularly affecting Tesla (NASDAQ:TSLA) and other European manufacturers.

Portfolio Pulse from Benzinga Neuro

May 22, 2024 | 6:50 am

NSANY

Nissan Motor Co (OTC:NSANY) has paused its plans for two electric sedans in the U.S. while expanding its EV lineup to five vehicles, focusing on SUVs due to changing market trends. The company aims to introduce 30 new models by 2026, with 16 being electrified, to boost global sales and profitability.

Portfolio Pulse from Benzinga Neuro

May 22, 2024 | 6:35 am

ABUS

Arbutus Biopharma announced the presentation of data on its drug imdusiran at the EASL Congress 2024. Key findings include a significant percentage of subjects achieving HBsAg ≤ LLOQ with detectable anti-HBs after receiving 4 or 6 doses of imdusiran plus 24 weeks of IFN. The study is ongoing, with more data to be presented.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 6:29 am

AAPL

AMD

NVDA

Renowned investor Steve Eisman, known for his role in 'The Big Short,' has identified Apple Inc. (AAPL) as a major player in the AI market, suggesting it could see substantial gains from AI-driven apps. Eisman also highlighted Nvidia (NVDA) and Advanced Micro Devices (AMD) as obvious AI investment opportunities.

Portfolio Pulse from Benzinga Advisor

May 22, 2024 | 6:23 am