The Latest Breaking News from Nasdaq

Cadence Design Sys (NASDAQ:CDNS) has outperformed the market over the past 10 years by 17.97% on an annualized basis producing an average annual return of 29.55%. Currently, Cadence Design Sys has a market capitalization of $42.88 billion.

Vivakor Inc (NASDAQ: VIVK) shares are trading higher by 156.7% at $4.40 after the company announced it has signed a 10-year contract with Hot Oil Transport with a potential value of up to $250 million.

SoFi Technologies Inc. - Common Stock's (NASDAQ:SOFI) short percent of float has fallen 7.91% since its last report. The company recently reported that it has 129.77 million shares sold short, which is 21.43% of all regular shares that are available for trading.

Lucid Group Inc (NASDAQ: LCID) shares are trading higher Wednesday after the company announced an agreement with the Government of Saudi Arabia, under which the Government will purchase up to 100,000 vehicles over a ten-year period.

According to Benzinga Pro, during Q1, Entegris (NASDAQ:ENTG) earned $125.70 million, a 6.33% increase from the preceding quarter. Entegris also posted a total of $649.65 million in sales, a 2.27% increase since Q4.

Pulled from Benzinga Pro data, Mondelez International (NASDAQ:MDLZ) showed a loss in earnings since Q4, totaling $861.00 million. Sales, on the other hand, increased by 1.38% to $7.76 billion during Q1.

Zentalis Pharmaceuticals Inc (NASDAQ:ZNTL) will sell 953,834 common shares at $26.21 per share to Pfizer Inc (NYSE:PFE) for $25 million.  The offering is expected to close by April 29.  Zentalis will use the proceeds to fund ongoing and planned clinical trials, including studies of ZN-c3 and ZN-d5, and for working capital and general corporate…

Kraft Heinz Co (NASDAQ:KHC) reported a first-quarter FY22 sales decline of 5.5% year-on-year to $6.04 billion, beating the consensus of $5.83 billion. Sales in the U.S. fell 8.5% Y/Y, International rose 3.6%, and Canada fell 1.5%. Gross profit decreased by 12.3% Y/Y to $1.9 billion, with the margin contracting 250 points to 31.9%.…

Pulled from Benzinga Pro data, PepsiCo (NASDAQ:PEP) posted Q1 earnings of $4.27 billion, an increase from Q4 of 218.64%. Sales dropped to $16.20 billion, a 35.84% decrease between quarters.

A Discover Financial Services (NYSE: DFS) representative gave a statement to Benzinga clarifying its payment card network's role in Apple Inc. (NASDAQ: AAPL) Apple Cash digital payment cards service

U.S. stocks traded higher this morning, with the Dow Jones gaining more than 300 points on Wednesday.