Streetbeat News

Partnerships

ALVO

STADA and Alvotech have received European Commission marketing authorization for Uzpruvo (AVT04), the first ustekinumab biosimilar to Stelara, in the European Economic Area. The authorization allows for market entry post-July 2024, after the expiry of Stelara's European Supplementary Protection Certificate.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 8:36 am

HMC

Honda Motor Co's CEO Toshihiro Mibe announced a delay in the deployment of self-driving cars in central Tokyo, pushing the expected launch from 2026 to the late 2020s. This delay affects the joint venture with General Motors Co and its autonomous vehicle unit Cruise, which had planned to deploy Cruise Origin AVs without manual controls in Tokyo by early 2026. The delay follows a suspension of Cruise's autonomous vehicle operations in San Francisco by the California DMV over safety concerns, leading to a temporary pause in Origin AV production.

Portfolio Pulse from Anan Ashraf

January 10, 2024 | 7:31 am

WMT

Walmart+ has partnered with Andy Cohen for a campaign to support customers in maintaining their New Year's resolutions past National Quitter's Day. The campaign, 'Save Your Resolutions,' aims to encourage customers to continue pursuing their goals, such as eating healthier, saving money, spending more time with family, or traveling more, with the help of Walmart+'s services.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 7:08 am

HYMTF

Hyundai Motor Group has announced the expansion of its fuel cell system brand HTWO into a hydrogen value chain business brand at CES 2024. The company also revealed its ongoing development of software-defined vehicle (SDV) technologies, aiming to create a 'Software-defined Everything' (SDx) ecosystem that extends beyond mobility. Additionally, Hyundai presented its future mobility concepts, including DICE, SPACE, and CITY POD, which are centered around human needs and powered by hydrogen energy and software technologies.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 6:44 am

AEHR

COIN

GBTC

TGTX

TSLA

U.S. stock indices ended mixed on Tuesday, with the Dow Jones and S&P 500 down, while the Nasdaq slightly up. Grayscale Bitcoin Trust (GBTC) remained stable amid Bitcoin volatility. Coinbase (COIN) shares fell after a price target increase and French regulatory approval. TG Therapeutics (TGTX) declined despite a new agreement to expand its autoimmune portfolio. Aehr Test Systems (AEHR) rose despite expecting revenue delays. Tesla (TSLA) shares dropped as CEO Elon Musk addressed allegations regarding a former director's departure.

Portfolio Pulse from Benzinga Neuro

January 10, 2024 | 2:45 am

HMC

TSLA

VLVCY

Honda Motor Co Ltd (NYSE:HMC) showcased two new electric vehicle concepts, the 'Space-Hub' and 'Saloon', at CES, indicating the design direction for its '0 Series' EVs set to launch in North America in 2026. The vehicles feature autonomous driving capabilities and rapid charging, charging from 15% to 80% in 10 to 15 minutes. Honda's global strategy aims to shift all sales to EVs by 2040 and has adopted Tesla Inc's EV charging standard, allowing access to Tesla Supercharger stations.

Portfolio Pulse from Benzinga Neuro

January 10, 2024 | 2:42 am

INTC

Intel has announced a new family of AI-enhanced, software-defined vehicle System-On-Chips (SoCs), which will be adopted by Zeekr as the first original equipment manufacturer (OEM).

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 11:05 pm

CCCC

C4 Therapeutics (C4T) announced its 2024 priorities, focusing on advancing its targeted protein degradation medicines and expecting multiple clinical updates. The company reported unaudited cash and securities totaling approximately $330 million as of January 5, 2024, and a workforce reduction of about 30%. C4T plans to present at the J.P. Morgan Healthcare Conference and has received additional capital, including investments from Betta Pharmaceuticals and Merck. The company aims to advance CFT7455 and CFT1946 clinical programs and has collaborations with Roche, Biogen, and Merck. C4T expects its financial resources to fund operations into 2027.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 9:04 pm

HMC

STLA

VWAGY

At the Consumer Electronics Show, Volkswagen (OTC:VWAGY) introduced a GPT-powered voice assistant for vehicles, while Kodiak Robotics unveiled a semi-truck with advanced safety technology, aiming for deployment in 2024. Hyundai showcased its EV range and eVTOL aircraft. Major automakers like Ford (NYSE:F), General Motors (NYSE:GM), Stellantis (NYSE:STLA), and Toyota (NYSE:TM) were absent, but Honda (NYSE:HMC) debuted its new global electric vehicle series.

Portfolio Pulse from Neil Dennis

January 09, 2024 | 8:21 pm

LAZR

NVDA

Luminar Technologies, Inc. (NASDAQ: LAZR) has expanded its partnership with Mercedes-Benz, integrating its LiDAR technology into the Official FIA F1 Safety Car and debuting new Automatic Emergency Steering (AES) software with Iris+ LiDAR at CES 2024. The company also showcased its Automated Valet software, announced the production of six new chips by Luminar Semiconductor, and confirmed the start of production for the Volvo EX90 featuring Luminar technology. Luminar's commercial growth includes partnerships with NVIDIA and Mobileye, and agreements with Kodiak Robotics and Gatik for autonomous trucking solutions.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 8:02 pm