Streetbeat News

Marketing

TMUS

WMT

T-Mobile has become the exclusive in-club wireless provider for Sam's Club, now available in nearly all locations. This partnership allows Sam's Club members to access significant value when switching to T-Mobile's leading 5G network.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 12:17 pm

BABA

CGRO

PDD

PGJ

Alibaba Group Holding Limited (NYSE:BABA) is undergoing significant restructuring under Jack Ma's guidance, aiming to rejuvenate the company. Ma's support and positive remarks on an internal forum, contrasting his previous critique, have boosted employee morale and the stock price. Alibaba is also expanding its global presence through AliExpress with a '10 billion yuan of subsidies' campaign to attract Chinese brands and merchants. Despite a 26% stock plunge over the last 12 months, BABA shares rose 2.86% in premarket trading. Investors can also gain exposure through Invesco Golden Dragon China ETF (NASDAQ:PGJ) and Tidal Trust II CoreValues Alpha Greater China Growth ETF (NYSE:CGRO).

Portfolio Pulse from Anusuya Lahiri

April 10, 2024 | 11:39 am

RDY

Dr. Reddy's Laboratories Ltd. has launched Nerivio, a drug-free migraine management device, in Germany through its subsidiary betapharm, marking its entry into digital therapeutics in Europe. Nerivio is FDA-approved and CE-mark certified.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 11:08 am

VIAO

Via Optronics and Grupo Antolin-irausa, S.A.U. introduced their Sunrise Vehicle Cockpit Concept at an event in Nuremberg, coinciding with the 'embedded World' exhibition in Europe. This new concept showcases the latest advancements in vehicle cockpit technology.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 10:32 am

AAPL

Elon Musk, CEO of Tesla Inc., resonated with the late Apple Inc. co-founder Steve Jobs' perspective on the importance of teamwork in transforming great ideas into great products. Jobs emphasized that a great idea is only a small part of the work, and the real challenge lies in the execution, which involves overcoming technological limitations and fostering team collaboration. Musk agreed with Jobs, highlighting the value of a well-coordinated team in achieving product excellence.

Portfolio Pulse from Rounak Jain

April 10, 2024 | 10:29 am

TSLA

A top-end Tesla Cybertruck, the tri-motor all-wheel-drive variant, sold for $262,500 at a Sotheby's auction, over double its listed price of $99,900. The auction, which started at $78,000, concluded with 108 bids. This sale could temporarily alleviate concerns about the Cybertruck's resale value amid criticisms over quality issues and production delays. Tesla's CEO Elon Musk has addressed some of these concerns, stating they are fixable.

Portfolio Pulse from Shanthi Rexaline

April 10, 2024 | 9:58 am

BTCUSD

TSLA

Elon Musk admitted in a deposition to using a secret account on X (formerly Twitter) to impersonate his toddler son. The account, @ErmnMusk, was used to interact with notable figures like Michael Saylor and Brian Chesky. Musk's activities on X, including this incident, have raised concerns about his influence on the platform's financial stability and user experience. The account was deleted following a court discovery order but remains visible on internet archives.

Portfolio Pulse from Ananya Gairola

April 10, 2024 | 8:38 am

MSFT

Chinese actors have been using AI to manipulate videos and spread disinformation during Taiwan's national elections, raising concerns for the U.S. 2024 elections. Microsoft Corp. reported that China is employing similar tactics in the U.S., creating and amplifying AI-generated content to benefit their positions. The disinformation campaign targeted the U.S., accusing it of constructing biological labs in Taiwan and instigating conflicts. This follows warnings about China's cyber activities and the potential use of TikTok to influence U.S. elections.

Portfolio Pulse from Benzinga Neuro

April 10, 2024 | 8:13 am

QSR

THCH

Tims China, the operator of Tim Hortons coffee shops and Popeyes restaurants, has surpassed 20 million loyalty club members, indicating strong brand loyalty and potential for increased sales.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 6:43 am

MSFT

NTES

Blizzard Entertainment has renewed its partnership with NetEase, allowing its titles to return to mainland China by summer 2024. Additionally, Microsoft Gaming and NetEase have entered into a broader strategic partnership aimed at delivering new gaming experiences across various platforms and markets.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 6:40 am