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TMUS

SpaceX, led by Elon Musk, is offering free Starlink satellite internet service to victims of Hurricanes Helene and Milton until the end of the year. This initiative, supported by temporary FCC authorization, aims to aid disaster recovery by providing essential communication services. SpaceX and T-Mobile have activated Direct-to-Cell coverage to enhance emergency alerts in affected areas.

Portfolio Pulse from Rounak Jain

October 12, 2024 | 6:56 am

TSLA

Tesla unveiled the Robovan, an autonomous vehicle with an Art Deco-inspired design and low ground clearance, achieved through automatic load-leveling suspension. The vehicle can transport up to 20 people or cargo. Tesla also introduced the Cybercab, a two-seater autonomous vehicle priced below $30,000, expected to enter production in 2026.

Portfolio Pulse from Anan Ashraf

October 12, 2024 | 6:32 am

BA

Boeing (NYSE:BA) is set to reduce its workforce by 10%, affecting 17,000 jobs, amidst ongoing challenges including labor strikes, safety concerns, and financial struggles. The company is dealing with the aftermath of 737 Max incidents, technical issues with the Starliner spacecraft, and a postponed 777X delivery.

Portfolio Pulse from Rounak Jain

October 12, 2024 | 5:39 am

AAPL

Apple Inc. (NASDAQ:AAPL) has reportedly ceased production of its 16-year-old SuperDrive, an external CD/DVD drive, marking a potential end to this legacy technology. The SuperDrive is now sold out worldwide, indicating its discontinuation as Apple shifts focus away from outdated technologies.

Portfolio Pulse from Ananya Gairola

October 12, 2024 | 3:52 am

CGC

Bedrocan International is re-entering the Canadian market with pharmaceutical-grade cannabis products, acquiring a new facility in Scarborough and a cultivation license from Health Canada. Production is set to begin in early 2025. The company previously ended a partnership with Canopy Growth Corp (NASDAQ:CGC).

Portfolio Pulse from Javier Hasse

October 11, 2024 | 8:52 pm

BA

Boeing plans to reduce its workforce by 10% due to business challenges. The 777x program faces delays, with first delivery expected in 2026. Boeing will complete 767 freighter orders and end production in 2027.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2024 | 8:33 pm

TSLA

UBER

Tesla's recent 'We, Robot' event introduced the CyberCab and RoboVan, but analysts believe it poses minimal near-term threat to Uber. Analysts from Bank of America and Truist Securities maintain a positive outlook on Uber, emphasizing its strong position in the autonomous vehicle (AV) space.

Portfolio Pulse from Surbhi Jain

October 11, 2024 | 7:47 pm

TSLA

Former President Donald Trump has announced plans to ban autonomous vehicles, which could impact Tesla's growth strategy. This comes as Tesla unveils its new Cybercab, a self-driving vehicle. Trump's stance could pose challenges for Tesla, especially if he wins the 2024 election.

Portfolio Pulse from Chris Katje

October 11, 2024 | 7:41 pm

GSK

NVAX

NVS

SNY

The California Department of Public Health (CDPH) has confirmed six human cases of bird flu in California. This development may impact companies involved in vaccine production and public health response.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2024 | 7:37 pm

XRPUSD

Ripple co-founder Chris Larsen donated $1 million in XRP to Kamala Harris' campaign, amidst Ripple's ongoing legal issues with the SEC. This donation is part of Larsen's $1.9 million total support for Harris. The campaign is also exploring cryptocurrency donations.

Portfolio Pulse from Khyathi Dalal

October 11, 2024 | 7:22 pm