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ARWR

Arrowhead Pharmaceuticals announced positive Phase 2b study results for its investigational drug plozasiran, showing significant reductions in triglycerides and cholesterol in patients with mixed hyperlipidemia. The data were presented at the European Atherosclerosis Society Congress and published in the New England Journal of Medicine.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 10:06 am

KGRN

NIO

PGJ

NIO Inc. (NYSE:NIO) shares are up 4% in premarket trading after the company delivered its 200,000th ES6 vehicle. NIO has seen significant sales of its ES6 model, with over 127,000 units of the first generation and more than 73,000 units of the second generation sold. The company is also expanding in Europe with a new NIO House in the Netherlands. NIO will hold its annual general meeting on June 25, 2024, and publish its first-quarter results on June 6. Investors can also gain exposure to NIO through KraneShares MSCI China Clean Technology Index ETF (NYSE:KGRN) and Invesco Golden Dragon China ETF (NASDAQ:PGJ).

Portfolio Pulse from Nabaparna Bhattacharya

May 28, 2024 | 9:56 am

AXSM

BOWL

DKNG

FLUT

LRMR

MOMO

MPLN

SSL

Several major stocks, including Hello Group, MultiPlan Corporation, Larimar Therapeutics, Bowlero Corp, DraftKings, Axsome Therapeutics, Flutter Entertainment, Sea Limited, and Sasol Limited, experienced declines in Tuesday's pre-market trading. Hello Group's significant drop followed disappointing first-quarter results.

Portfolio Pulse from Avi Kapoor

May 28, 2024 | 9:45 am

GELLY

Zhejiang Geely Holding Group (OTC:GELLY) has entered the global top 10 for auto sales in Q1 2024, marking a first for a Chinese carmaker. Geely sold 730,000 vehicles, a 27% year-on-year growth, driven by strong electric vehicle exports. The company surpassed Mercedes-Benz and BMW in the rankings. Geely's EV arm, Zeekr Intelligent Technology Holding Limited (NYSE:ZK), aims to double car deliveries in 2024.

Portfolio Pulse from Benzinga Neuro

May 28, 2024 | 9:36 am

TSLA

Jim Chanos criticizes Elon Musk's recruitment efforts for his AI venture, xAI, while highlighting the irony of Musk's claims about Tesla being an AI/robotics company. This comes ahead of Tesla's annual shareholder meeting, where Musk's controversial compensation plan is up for reconsideration.

Portfolio Pulse from Shanthi Rexaline

May 28, 2024 | 9:34 am

BNBUSD

Cristiano Ronaldo is set to launch his fourth NFT collection on Binance despite being involved in a $1 billion lawsuit. The collection will be available on May 29 and will feature moments from Ronaldo's career. The lawsuit accuses Ronaldo of promoting unregistered securities through Binance.

Portfolio Pulse from Aniket Verma

May 28, 2024 | 9:29 am

CNF

CNFinance has increased its share repurchase authorization to $30 million. As of May 27, 2024, the company has already repurchased approximately $18.5 million of its ADSs.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 8:30 am

ORDI

SOL

The Solana-based CAT memecoin has crashed after its creators were accused of hacking a crypto influencer's account and manipulating the coin's price. The coin's value dropped by 70% in the last 24 hours.

Portfolio Pulse from Aniket Verma

May 28, 2024 | 8:18 am

FUTU

Futu Holdings reported significant growth in Q1 2024, with a 7% YoY increase in daily average revenue trades, a 23.5% increase in paying clients, and an 8.9% increase in margin financing and securities lending balance.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 8:14 am

FUTU

Futu Holdings reported strong Q1 2024 operational results with significant year-over-year growth in client assets, trading volume, and user base. Total client assets increased by 11.2% YoY to HK$517.9 billion, and total trading volume rose by 9.5% YoY to HK$1.3 trillion.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 8:12 am