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The Latest Breaking News from Nasdaq

Eisai - Biogen Seek Accelerated Approval For Their Second Alzheimer's Drug

Eisai Co Ltd (OTC:ESALY) has completed the rolling submission of the FDA marketing application under the accelerated approval for lecanemab (BAN2401) for mild cognitive impairment (MCI) due to Alzheimer's disease (AD) and mild AD. Eisai is collaborating with Biogen Inc (NASDAQ:BIIB) for drug development. Eisai has requested a Priority Review, while the lecanemab Phase 3…

Benzinga

This Tesla Rival Looks To Expand Footprint Outside US Amid Demand For EVs

Lucid Group Inc (NASDAQ:LCID) is planning to launch its luxury electric sedans in Europe later in 2022, Reuters reported. The Tesla, Inc.(NASDAQ:TSLA) rival aims to expand its footprint outside the U.S. amid strong global demand for electric vehicles (EVs). The company plans to launch its Lucid Air Dream Edition P and R sedans…

Benzinga

Why Vroom Shares Are Surging Today

Vroom Inc (NASDAQ:VRM) reported first-quarter FY22 sales growth of 56.3% year-on-year to $923.77 million, beating the consensus of $878.13 million. Ecommerce revenue jumped 59.9% Y/Y to $675.4 million, and Ecommerce Unit Sales rose 26% Y/Y. Revenue from Wholesale rose 18.6%, and Texas Direct Auto (TDA) segment increased by 18.2%. The gross profit rose…

Benzinga

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'Tight Race But Won't Give Up:' Volkswagen CEO Praises Tesla Again, Says Elon Musk's Pace Surprised Him

Volkswagen Group (OTC; VWAGY) CEO Herbert Diess has reportedly praised rival Tesla Inc (NASDAQ: TSLA) yet again, saying the Elon Musk-led company's speed of expansion took him by surprise.

Benzinga

A Peek Into The Markets: US Stock Futures Higher Ahead Of Fed Speakers

Pre-open movers

Benzinga

Cathie Wood Cuts Twitter Stake By Another $6.4M, Edges Towards Complete Exit

Cathie Wood-led Ark Invest Management on Monday sold most of its remaining stake in Twitter Inc (NYSE: TWTR), just days after Tesla Inc (NASDAQ: TSLA

Benzinga

Earnings Scheduled For May 10, 2022

Companies Reporting Before The Bell • The Middleby (NASDAQ:MIDD) is expected to report quarterly earnings at $2.10 per share on revenue of $935.99 million.

Benzinga

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90 Biggest Movers From Yesterday

Gainers

Benzinga

Tesla April China Sales Hit Rock Bottom, Underperform Industry: What Investors Should Know

Tesla, Inc.'s (NASDAQ: TSLA) China sales plummeted in April, and the magnitude of underperformance would have disappointed even the most pessimistic of forecasts.

Benzinga

Elon Musk And Mom Get Nostalgic About India Visit And Seeing The Taj Mahal

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk on Monday recalled his visit to the Taj Mahal more than a decade ago, prompting his mother Maye Musk to share an interesting anecdote about his grandparents visiting India on th

Benzinga

Nasdaq-Delisted Luckin Coffee Denies It’s Planning Hong Kong IPO

Scandal-dogged Chinese Starbucks challenger says it remains ‘committed to U.S. capital markets’

Caixin Global

5 Stocks To Watch For May 10, 2022

Some of the stocks that may grab investor focus today are:

Benzinga

Nio Down 9%, Xpeng Skids 12%: Why Are Hong Kong EV Stocks Crashing Today

Shares of Tesla Inc. (NASDAQ: TSLA) rivals and U.S.-listed Chinese firms Xpeng Inc (NYSE: NIO), Li Auto (NASDAQ: LI), a

Benzinga

Tesla Said To Halt Shanghai Production Again — This Time Due To Supply Woes

Tesla Inc (NASDAQ: TSLA) halted production at the Giga Shanghai on Monday due to issues with supplies, Reuters

Benzinga

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Benzinga

Tesla AI Head Returns To Bay Area Temporarily, Says His Sabbatical Isn't Over

Tesla Inc’s (NASDAQ: TSLA) head of artificial intelligence, Andrej Karpathy, revealed on Monday he has returned to San Francisco temporarily amid a four-month-long sabbatical that CEO Elon Musk had

Benzinga

Former Porn Star Asks Elon Musk To Ban X-Rated Content From Twitter

A former porn star is calling on Elon Musk to prohibit X-rated content from Twitter (NYSE: TWTR) when he takes over the social media platform.

Benzinga

Why Did The Nasdaq Index Fall 5% On Thursday?

The Nasdaq Composite Index, the benchmark for technology stocks in the US, fell to its lowest level since November 2020 on Thursday, May 5, which can be attributed to a number of factors, including lacklustre earnings from e-commerce firms like eBay (NASDAQ: EBAY) and macro-economic factors like the Federal R

Benzinga

LGBTQ Social Media Platform And Dating App Grindr Lands SPAC Deal: What Investors Should Know

A leading social media platform and dating company with a target demographic announced a SPAC deal after market close Monday.

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Benzinga

GoodRx Holdings: Q1 Earnings Insights

GoodRx Holdings (NASDAQ:GDRX) reported its Q1 earnings results on Monday, May 9, 2022 at 04:07 PM. Here's what investors need to know about the announcement. Earnings GoodRx Holdings beat estimated earnings by 25.0%, reporting an EPS of $0.1 versus an estimate of $0.08.

Benzinga

Groupon Q1 Earnings Highlights: Company Revenue Down, CEO Vows To Create Ways To 'Unlock Shareholder Value'

E-commerce marketplace company Groupon Inc (NASDAQ: GRPN) hit new 52-week lows on Monday and is seeing shares trade down after market close. Here’s a look at the company’s first-quarter earnings results.

Benzinga

Shockwave Medical Stock Soars On Q1 Earnings Beat, Raised FY22 Guidance

Shockwave Medical Inc (NASDAQ:SWAV) reported first-quarter revenue of $93.63 million, an increase of 193.5% year-over-year, beating the consensus of $86.41 million. The gross margin for Q1 expanded to 86.2% from 75.3% in 1Q21. The operating income for the quarter totaled $15.37 million versus a loss of $(17.48) million a year ago. EPS…

Benzinga

Why Affirm Holdings Shares Are Falling After Hours

Affirm Holdings Inc (NASDAQ: AFRM) shares are trading lower in Monday's after-hours session after Upstart Holdings Inc (NASDAQ: UPST) reported financial results and issued guidance below analyst estim

Benzinga

Marijuana Stock Movers For May 9, 2022

GAINERS: Item 9 Labs (OTC:INLB) shares closed up 9.00% at $1.09

Benzinga

Psychedelic Stock Gainers And Losers From May 9, 2022

GAINERS: LOSERS: ATAI Life Sciences (NASDAQ:ATAI) shares closed down 13.47% at $3.34

Benzinga

APA Whale Trades For May 09

Someone with a lot of money to spend has taken a bearish stance on APA (NASDAQ:APA). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

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