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PEP

TSLA

PepsiCo Inc (NASDAQ:PEP) has reported that a Tesla Semi truck covered 1,076 miles in a single day with two drivers. PepsiCo, aiming for carbon neutrality by 2040, received Tesla Semis in 2022 and currently operates about 21 of them at its Sacramento distribution center. The Tesla Semi, still in pilot production, is expected to enter volume production in 2024. Tesla (NASDAQ:TSLA) is expanding Giga Nevada for Semi production and is working with PepsiCo to test the vehicle's durability.

Portfolio Pulse from Anan Ashraf

January 26, 2024 | 9:17 am

ERIC

Ericsson (NASDAQ:ERIC) has secured two funding agreements with the European Investment Bank (EIB) totaling EUR 420 million, with EUR 250 million already disbursed in December 2023. These loans will support Ericsson's R&D investments in wireless technology from 2023 to 2025, contributing to its goal of achieving Net Zero by 2040 by reducing energy consumption in mobile networks worldwide.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 7:33 am

AAPL

GOOG

NFLX

SPOT

Netflix Inc.'s co-CEO Greg Peters expressed skepticism about the market relevance of Apple Inc.'s Vision Pro, citing the market size as too small for Netflix to invest in developing an app. Despite ongoing discussions with Apple, Peters sees the device as not currently relevant to most Netflix members. Alphabet Inc.'s YouTube and Spotify Inc. have also decided against launching apps for the device. Meanwhile, Apple Vision Pro's sales have exceeded expectations, with analysts at Wedbush upgrading their 2024 sales predictions after a strong pre-order performance.

Portfolio Pulse from Ananya Gairola

January 26, 2024 | 3:11 am

STLA

Italian Prime Minister Giorgia Meloni criticized Stellantis NV for considering moving car production to lower-cost countries. Meloni emphasized that cars branded as 'Italian jewels' should be made in Italy. Stellantis has been advising Italian suppliers to look into investments in Morocco, but the Italian government wants Stellantis to produce a million cars in Italy annually. Stellantis reaffirmed its commitment to Italy, citing billions invested in local development. CEO Carlos Tavares highlighted the need for cost-cutting due to the expensive shift to electric vehicles (EVs) and criticized Italy's rigid EV incentives, which he believes have reduced production at the Mirafiori plant.

Portfolio Pulse from Anan Ashraf

January 26, 2024 | 2:40 am

BA

SPR

SPY

Senator Duckworth met with Boeing CEO Dave Calhoun, urging Boeing to prioritize passenger safety over profit and to withdraw its petition for an FAA exemption to bypass safety standards.

Portfolio Pulse from Charles Gross

January 25, 2024 | 10:49 pm

UTZ

Utz Quality Foods has issued a voluntary recall of 88 cases of its 2.75 oz. Wavy Original Potato Chips due to the presence of an undeclared milk allergen. This recall is a precautionary measure to prevent potential allergic reactions in consumers with milk allergies.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 10:13 pm

GDST

Goldenstone Acquisition Ltd announced the resignation of Ray Chen as Chief Financial Officer, effective January 29, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 10:12 pm

HLTH

Cue Health announced a cost reduction plan that includes laying off 151 employees, which is approximately 24% of its global workforce, as per an SEC filing on January 25.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 9:44 pm

ESRT

Empire State Realty Trust (ESRT) has signed a new full-floor lease with Greater New York Mutual Insurance Company at the Empire State Building. This deal signifies a positive development for ESRT, indicating the attractiveness of its properties and its ability to secure tenants.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 9:43 pm