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TSLA

Tesla Inc. (NASDAQ:TSLA) reported a 100% year-on-year increase in revenue from its energy generation and storage segment in Q2, offsetting a 7% decline in automotive revenue. Total revenue grew by 2% to $25.5 billion. The company deployed a record 9.4 GWh of energy storage products and expects energy business growth to outpace automotive in 2024.

Portfolio Pulse from Anan Ashraf

July 25, 2024 | 11:02 am

VC

Visteon Corporation has announced a reduction in customer vehicle production for the second half of the year due to ongoing market dynamics in China.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 11:02 am

HUIZ

Huize has entered a strategic partnership with New China Life Insurance Company to jointly launch 'Bliss', a customized annuity insurance product.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 10:57 am

EIPI

EIPX

TTE

TotalEnergies SE (NYSE:TTE) reported Q2 adjusted EPS of $1.98, missing the consensus of $2.09, but sales of $53.74 billion topped the consensus of $46.35 billion. Hydrocarbon production fell 1% Y/Y, while the company saw a 4% decline in Exploration & Production and a 14% increase in Integrated LNG businesses. The Board decided to keep the second interim dividend at €0.79 per share for fiscal year 2024, a nearly 7% increase from 2023. TotalEnergies repurchased 28.1 million shares in Q2 2024 for $2 billion and approved a $2 billion share buyback for Q3 2024. The company anticipates hydrocarbon production of 2.4-2.45 Mboe/d and a refinery utilization rate above 85% in Q3 2024. Investors can gain exposure to the stock via First Trust Exchange-Traded Fund IV FT Energy Income Partners Strategy ETF (NYSE:EIPX) and First Trust Exchange-Traded Fund VIII FT Energy Income Partners Enhanced Income ETF (NYSE:EIPI).

Portfolio Pulse from Lekha Gupta

July 25, 2024 | 10:55 am

OCGN

Ocugen has completed dosing in the third cohort of its Phase 1/2 ArMaDa trial for OCU410 (AAV-hRORA) targeting geographic atrophy. The company has also initiated a Phase 2 trial to assess OCU410 in a larger group of patients.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 10:41 am

BTCUSD

Core Foundation has launched a Dual Staking model to boost Bitcoin yields, rewarding long-term Bitcoin stakers who also stake CORE. This model aims to enhance security and establish the Bitcoin Risk-Free Rate. The initiative is seen as a significant advancement for Core's value proposition.

Portfolio Pulse from Khyathi Dalal

July 25, 2024 | 10:38 am

AAPL

META

Apple Inc. (NASDAQ:AAPL) has reiterated its commitment to user privacy, terming it a 'fundamental human right.' This comes amid growing concerns about AI integration and criticism from Meta's CEO Mark Zuckerberg. Apple is set to launch new operating systems with enhanced privacy features this fall.

Portfolio Pulse from Ananya Gairola

July 25, 2024 | 10:26 am

DOW

DOW CEO Jim Fitterling expressed confidence in the company's ability to deliver sequential earnings improvements despite a slower macro environment. He highlighted that while demand in many markets is growing, building & construction and consumer durables are unlikely to change significantly in 2024. The company plans to drive higher sales through innovation, diverse product mix, and strategic investments.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 10:25 am

DAWN

Ipsen and Day One Biopharmaceuticals have announced an exclusive ex-U.S. licensing agreement to commercialize tovorafenib for pediatric low grade glioma. Ipsen will handle regulatory and commercial activities outside the U.S., while Day One will receive an upfront payment of $111 million and up to $350 million in milestone payments.

Portfolio Pulse from charles@benzinga.com

July 25, 2024 | 10:10 am

LUV

Southwest Airlines will introduce assigned, premium seating and start operating red-eye flights next year.

Portfolio Pulse from charles@benzinga.com

July 25, 2024 | 10:06 am