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AAPL

Apple Inc. has reportedly been secretly aiding law enforcement agencies by hosting 'Global Police Summit' events to discuss the use of its products for surveillance. This challenges the notion of Apple's strained relationship with law enforcement, rooted in its past refusal to aid the FBI in hacking an iPhone. The summits have been attended by delegates from nearly 50 global police departments, and Apple has been fostering relationships with California law enforcement.

Portfolio Pulse from Ananya Gairola

October 11, 2024 | 7:41 am

TRC

Tejon Ranch has partnered with Dedeaux to construct a 510,500 sq. ft. warehouse at the Tejon Ranch Commerce Center. The facility will have strategic access to California's main highway, enabling efficient service to a large consumer base.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2024 | 7:35 am

AAPL

Apple Inc. (NASDAQ:AAPL) is reducing the interest rate on its Apple Card high-yield savings account to 4.10%, marking the third reduction this year. This change aligns with Federal Reserve rate adjustments and keeps Apple's offering competitive with other high-yield accounts.

Portfolio Pulse from Rounak Jain

October 11, 2024 | 7:31 am

GM

TSLA

GM Energy, a subsidiary of General Motors, has launched the PowerBank, a home energy storage product, to compete with Tesla's Powerwall. The PowerBank offers two battery capacity options and is priced at approximately $11,000, excluding installation and taxes.

Portfolio Pulse from Anan Ashraf

October 11, 2024 | 7:01 am

AAPL

LYV

Ticketmaster, a subsidiary of Live Nation Entertainment, has announced support for richer event tickets in Apple Wallet, a feature introduced with iOS 18. This collaboration aims to enhance the ticketing experience by providing additional information such as venue maps and weather forecasts. The feature will debut at a Los Angeles Football Club game and expand to other events in 2025. This development follows recent controversies and legal challenges faced by Ticketmaster and its parent company.

Portfolio Pulse from Ananya Gairola

October 11, 2024 | 6:18 am

BNR

Burning Rock and Dizal have received NMPA approval for their co-developed NGS-based companion diagnostic (CDx) for lung cancer in China. This is the first such approval since the release of the CDx guideline in China, marking a significant advancement in precision treatment for non-small cell lung cancer patients.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2024 | 5:54 am

TRX-USD

Justin Sun, founder of the Tron network, has been appointed as the Prime Minister of Liberland, a crypto-focused micronation in Europe. This follows a blockchain-based election process. Sun's appointment comes after losing his role as Grenada's Ambassador to the WTO due to an SEC lawsuit.

Portfolio Pulse from Aniket Verma

October 11, 2024 | 5:50 am

SDZNY

Sandoz has expanded its U.S. oncology portfolio with the FDA approval of a generic version of Paclitaxel, targeting metastatic breast cancer. This is the first FDA-approved ANDA for this medicine, and it is expected to drive near-term growth in the U.S. market.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2024 | 5:45 am

AAPL

TSLA

Tesla has unveiled the Cybercab, a portless robotaxi using inductive charging, marking a significant advancement in EV design. This move precedes Apple's rumored portless iPhone, highlighting Tesla's innovation in wireless technology.

Portfolio Pulse from Ananya Gairola

October 11, 2024 | 4:39 am

TSLA

Tesla's stock fell nearly 3% in overnight trading on Robinhood after the unveiling of its self-driving Cybercab and robovan failed to impress investors. The event lacked details, and the timeline for the Cybercab's fleet inclusion is set for 2026, with potential delays hinted by CEO Elon Musk. Investors were hoping for a boost after disappointing Q3 delivery numbers.

Portfolio Pulse from Anan Ashraf

October 11, 2024 | 4:32 am