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FSR

KARS

RIVN

TSLA

Tesla's visit to China and potential FSD approval led to a stock surge, while Rivian received an $827 million incentive from Illinois. Fisker faces legal issues and potential bankruptcy. Chinese EV startups and Ford reported strong sales, boosting their stocks. The KraneShares EV ETF also saw gains.

Portfolio Pulse from Shanthi Rexaline

May 04, 2024 | 9:09 pm

DIS

META

May 4, known as 'Star Wars Day,' is celebrated by fans worldwide, with The Walt Disney Company (NYSE:DIS) releasing new content and products. Disney acquired the Star Wars franchise in 2012 and continues to expand its universe with new shows on Disney+ and theatrical releases. This year, Disney is releasing six new episodes of 'Tales of the Empire' on Disney+ and re-releasing 'Star Wars: Episode I – The Phantom Menace' in theaters. Upcoming content includes 'The Acolyte,' 'Skeleton Crew,' a second season of 'Andor,' and 'Ahsoka.' The next theatrical release, 'The Mandalorian & Grogu,' is set for May 22, 2026. Additionally, Meta Platforms (NASDAQ:META) celebrates the day with a 66% discount on 'Star Wars Pinball VR' for the Meta Quest headset.

Portfolio Pulse from Chris Katje

May 04, 2024 | 1:21 pm

AAPL

Wedbush's Dan Ives anticipates Apple Inc.'s AI strategy reveal at the WWDC in June will initiate an AI-driven super cycle, particularly with the iPhone 16, expected to boost upgrades especially in China where 70% of 230 million iPhones haven't been upgraded in three years. Apple's recent performance in China exceeded expectations, with iPhone sales declining only 8.1% against forecasts of up to 19.1%. Talks with Google and Microsoft-backed OpenAI for AI model licensing, alongside its own 'Project Graymatter', are underway. Tim Cook's China visit signifies Apple's commitment to the market.

Portfolio Pulse from Rounak Jain

May 04, 2024 | 6:23 am

VZLA

Vizsla Silver Corp. has completed the issuance of 448,137 common shares to finalize the acquisition of two large mineral claims, known as the El Richard – San Enrique claims, from Inca Azteca Gold S.A.P.I. de C.V. These claims, totaling 10,667.0 Ha, are located south of Vizsla's Panuco project, within the Panuco – San Dimas corridor, and have been extensively surveyed with LiDAR and aero-magnetic and radiometric methods.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 11:08 pm

PARA

Paramount has decided not to extend its exclusive negotiation period with Skydance, opening negotiations to other parties, including Sony Pictures Entertainment and Apollo Global Management, who have proposed a $26 billion bid. This move comes after Paramount investors expressed dissatisfaction with the potential Skydance deal, favoring the all-cash offer from Sony and Apollo, which includes debt assumption and offers a premium on Paramount's current stock price. The deal faces regulatory hurdles regarding foreign ownership of broadcast networks.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 11:03 pm

EXP

Eagle Materials Inc (EXP) and TLCC Partners, along with HM and HMSC, entered into a put option agreement, allowing HMSC to require TLCC Partners to buy all partnership interests held by HMSC in their joint venture for an amount equal to 50% of $1.1 billion, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 11:01 pm

QDRO

Quadro Acquisition has officially terminated its business combination agreement with NHC Holdings II, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 10:51 pm

ZK

Zeekr Intelligent Technology Holding Ltd is planning a U.S. IPO with a price range of $18-$21 per ADS, offering 17.5M ADSs. Existing shareholders and third-party investors have indicated interest in subscribing up to $349.1M of the ADSs. The company intends to use approximately $138.9M of the IPO proceeds for the development of advanced BEV technologies and expansion of its product portfolio, as well as for selling, marketing, and expanding its service and charging network, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 10:50 pm

FGAC

FG Acquisition Corp. (FGAC) announced its intention to acquire Strong/MDI Screen Systems, making MDI a wholly-owned subsidiary. The acquisition, valued at a pre-money valuation of $30 million, will be FGAC's Qualifying Acquisition. The purchase will be satisfied with cash, preferred shares, and common shares, with the cash amount being 25% of the net proceeds from a concurrent private placement.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 9:03 pm

UUUU

Energy Fuels (UUUU) reports strong Q1-2024 performance, driven by robust uranium sales and gross margins. The company is capitalizing on high uranium prices, with significant sales and profits from uranium operations. It's also advancing in the rare earth elements (REE) sector, with the completion of a Phase 1 REE Separation circuit and plans for expanded production. Energy Fuels is securing sources of heavy mineral sands and monazite to support its REE production, including acquisitions and project developments in Brazil, Madagascar, and Australia. The U.S. Senate's approval of the Prohibiting Russian Uranium Imports Act is expected to benefit the company by reducing competition from Russian uranium imports.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 8:51 pm