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Delta Air Lines CEO Ed Bastian criticized Microsoft's platform for its fragility following a CrowdStrike update that caused a $500M loss for Delta. He praised Apple's stability and mentioned Delta's integration of Apple products. Delta plans to sue Microsoft and CrowdStrike for damages.

Portfolio Pulse from Rounak Jain

August 02, 2024 | 9:25 am

TSLA

Tesla CEO Elon Musk highlighted the underutilization of state EV incentives, attributing it to a lack of awareness or excessive paperwork. His comments follow Washington's new EV rebate program aimed at low-income residents. Various states offer incentives, but conditions vary.

Portfolio Pulse from Anan Ashraf

August 02, 2024 | 9:18 am

NCTY

SMI Vantage Limited and The9 Limited have signed a Cooperation Agreement to enhance their partnership in Bitcoin mining and explore new AI opportunities. SMI Vantage will host up to 100 of The9's bitcoin machines and explore new digital mining locations in Southeast Asia and the Middle East. The companies will also look for AI technology collaboration opportunities.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 9:15 am

AAPL

Apple Inc. (NASDAQ:AAPL) reported record-breaking revenue in India, driven by strong Mac sales. The company's Q3 FY24 revenue reached $85.8 billion, a 5% year-over-year increase. Mac sales rose by 2.46% to $7.01 billion, while iPad sales surged by 23.63% to $7.16 billion. Despite a slight decline in iPhone sales and wearables, Apple's services revenue grew by 14.14% to $24.21 billion.

Portfolio Pulse from Ananthu C U

August 02, 2024 | 8:39 am

ADAP

Adaptimmune's TECELRA has received U.S. FDA accelerated approval as the first engineered cell therapy for solid tumors, specifically for advanced MAGE-A4+ synovial sarcoma in adults with certain HLA types who have received prior chemotherapy. This marks the first new treatment option for synovial sarcoma in over a decade.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 7:17 am

BYDDF

LI

NIO

XPEV

ZK

BYD Co Ltd reported a 31% increase in new energy passenger vehicle sales in July, despite a 4% drop in pure EV sales. The decline in BEV sales was offset by a 67% rise in hybrid vehicle sales. Li Auto, XPeng, and Nio also reported their July delivery numbers, with Li Auto leading the pack.

Portfolio Pulse from Anan Ashraf

August 02, 2024 | 7:11 am

PYPD

PolyPid secures up to $14M in a private placement, extending its cash runway to Q2 2025. The funding supports the ongoing SHIELD II Phase 3 trial of D-PLEX100, with top-line results expected in Q1 2025.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 7:06 am

MAR

Marriott International, Inc. has signed an agreement with Zhong An Commercial Group to launch W Hangzhou in Qianjiang Century City, anticipated to open in 2031. The hotel aims to become a symbol of luxury hospitality in Hangzhou's new CBD.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 6:57 am

AAPL

Apple's Vision Pro is gaining traction in the enterprise market, with companies like Boston Children's Hospital and Lufthansa adopting the device for workforce training. CEO Tim Cook highlighted the growing app ecosystem around Vision Pro and its potential to revolutionize professional development. Despite a slight dip in stock price, Apple's third-quarter earnings beat expectations, and the company returned over $32 billion to shareholders.

Portfolio Pulse from Kaustubh Bagalkote

August 02, 2024 | 6:50 am

HIVE

HIVE Digital reported its July 2024 Bitcoin production, mining 116 BTC and increasing its HODL position by 2% to 2,533 BTC. The company maintained a 4.9 EH/s ASIC mining capacity and achieved an average of 24.6 BTC per Exahash. HIVE's Bitcoin HODL value is over $164 million.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 6:50 am