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RIVN

Rivian has revised its annual production guidance down to 47,000 - 49,000 vehicles from a previous estimate of 57,000 due to a supply shortage affecting its R1 and RCV platforms. Despite this, the company maintains its delivery outlook for 2023 at 50,500 to 52,000 vehicles.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2024 | 10:09 am

EXAS

Exact Sciences announced that the FDA has approved its Cologuard Plus test, a new benchmark in non-invasive colorectal cancer screening. The company plans to launch the test with Medicare coverage and guideline inclusion in 2025.

Portfolio Pulse from Nabaparna Bhattacharya

October 04, 2024 | 10:07 am

RIVN

Rivian reported its Q3 production and delivery numbers, with 13,157 vehicles produced and 10,018 delivered from its Normal, Illinois facility.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2024 | 10:06 am

IDYA

IDEAYA Biosciences announced a late-breaker oral presentation of IDE397 Phase 1 expansion results in MTAP-deletion lung and urothelial cancer at the 36th EORTC-NCI-AACR Symposium. This highlights the progress in their cancer therapeutics pipeline.

Portfolio Pulse from Nabaparna Bhattacharya

October 04, 2024 | 10:05 am

GOOGL

Hyundai Motor and Waymo have entered a multi-year strategic partnership to integrate Waymo's autonomous technology into Hyundai's IONIQ 5 SUV, which will join the Waymo One fleet.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2024 | 10:03 am

GOOG

GOOGL

Google, under Alphabet Inc., is set to transform its search experience with the integration of Gemini AI models. This update will introduce an AI-driven layout that prioritizes videos, forum links, and widgets, initially for open-ended queries. The changes aim to enhance user exploration and fend off competition from OpenAI's SearchGPT.

Portfolio Pulse from Benzinga Neuro

October 04, 2024 | 9:56 am

TSLA

Tesla's upcoming robotaxi event on Oct. 10 is expected to announce three new vehicles, including a $25,000 model, a robotaxi, and a robovan. Analyst Gene Munster emphasizes the importance of the cheaper model for Tesla's growth, despite potential production delays. Tesla's recent delivery numbers fell short of expectations, impacting stock performance.

Portfolio Pulse from Anan Ashraf

October 04, 2024 | 9:51 am

APOG

LEVI

U.S. stocks fell on Thursday amid Middle East concerns, with the Dow dropping nearly 200 points. Levi Strauss & Co. shares fell 8% due to poor Q3 sales and a strategic review of its Dockers brand. Investors await Apogee Enterprises' earnings results.

Portfolio Pulse from Avi Kapoor

October 04, 2024 | 7:46 am

AMZN

META

NVDA

TSLA

Meta Platforms' stock surge has propelled Mark Zuckerberg to become the world's second-richest person, surpassing Jeff Bezos. Meta's stock has gained over 64% this year, while Amazon's has increased by about 20%. Meta's strategic measures and AI initiatives have driven its stock uptrend, while Amazon faces near-term risks due to economic uncertainties.

Portfolio Pulse from Shanthi Rexaline

October 04, 2024 | 6:42 am

BTCUSD

LTCUSD

HBO is set to release a documentary titled 'Money Electric: The Bitcoin Mystery' on October 8, which aims to explore the identity of Bitcoin's creator, Satoshi Nakamoto. The documentary has sparked interest in the cryptocurrency community, featuring interviews and theories about Nakamoto's identity.

Portfolio Pulse from Aniket Verma

October 04, 2024 | 6:20 am