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VRDN

Viridian Therapeutics has provided details about its Phase 3 clinical trial for patients with active and chronic thyroid eye disease.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 10:04 am

FXI

TSLA

The China Passenger Car Association reported that Tesla exported 17,358 China-made vehicles in May.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 9:56 am

RKLB

Rocket Lab USA, Inc. (NASDAQ:RKLB) has signed a preliminary memorandum of terms with the Department of Commerce to receive up to $23.9M in funding under the CHIPS and Science Act. This funding will be used to expand and modernize Rocket Lab's semiconductor production facility in Albuquerque, New Mexico, creating over 100 manufacturing jobs.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 9:29 am

RIVN

Rivian Automotive Inc (NASDAQ:RIVN) has announced Connect+, a new set of connectivity features for its vehicles, including in-vehicle hotspot, Google Cast, and YouTube. The service will be available later this summer with a two-month free trial, followed by a monthly fee. This comes alongside the launch of Rivian's second-generation R1 vehicles and plans for a cheaper R2 model in 2026.

Portfolio Pulse from Anan Ashraf

June 11, 2024 | 9:26 am

OWLT

Owlet has launched its medically-certified Dream Sock in the UK and across Europe, expanding its market reach.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 9:14 am

BABA

FXI

JD

KWEB

MCHI

PDD

Alibaba Group Holding Ltd (NYSE:BABA) is prioritizing long-term growth over near-term profits, but faces challenges from fierce competition. The company's market share has dropped significantly, and analysts warn that the new strategy may pressure profitability. Despite this, some growth initiatives are showing early signs of success. ETFs like KraneShares CSI China Internet ETF (NYSE:KWEB), iShares MSCI China ETF (NASDAQ:MCHI), and iShares China Large-Cap ETF (NYSE:FXI) offer exposure to China's internet sector and large-cap companies.

Portfolio Pulse from Benzinga Neuro

June 11, 2024 | 9:14 am

AMBA

Leapmotor and Ambarella have signed a strategic cooperation agreement to develop intelligent driving technologies. This partnership aims to leverage Ambarella's expertise in AI and computer vision to enhance Leapmotor's autonomous driving capabilities.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 9:13 am

GOOGL

Perplexity, an AI-powered search engine backed by Jeff Bezos, criticizes Google's ad-heavy model. CEO Aravind Srinivas highlights decreasing engagement with ads and emphasizes Perplexity's user-centric approach. The company, which has gained significant traction and unicorn status, aims to disrupt the search engine industry and potentially challenge Google.

Portfolio Pulse from Benzinga Neuro

June 11, 2024 | 8:35 am

HPE

Hewlett Packard Enterprise (HPE) has partnered with FC Barcelona as the Official Edge-to-Cloud Partner for the next four seasons, until June 30, 2028. This collaboration aims to enhance the customized Espai Barça experience.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 8:33 am

DSGX

Descartes Systems Group (NASDAQ:DSGX) has acquired BoxTop Technologies, a UK-based provider of shipment management solutions for small- to mid-sized logistics services providers. The financial terms of the acquisition were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 8:33 am