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Elon Musk, CEO of SpaceX, claims that human exploration of Mars depends on Trump's re-election and reduced regulations. Musk criticizes the FAA for delays in SpaceX's Starship launch and accuses it of favoritism towards Boeing.

Portfolio Pulse from Rounak Jain

October 05, 2024 | 6:22 am

NIO

Nio Inc. (NYSE:NIO) is expanding into the Middle East and North Africa through a partnership with CYVN Holdings. This move includes launching Nio-branded vehicles, establishing an R&D center in Abu Dhabi, and collaborating on new EV projects. The expansion is supported by strategic investments and aims to enhance Nio's global presence amid EU tariff concerns.

Portfolio Pulse from Shanthi Rexaline

October 05, 2024 | 3:58 am

BABA

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MCHI

META

XLE

This week in the markets saw a flat performance for major indices amid Middle East tensions and strong U.S. labor market data. Energy stocks surged due to Israel-Iran tensions, while Chinese tech stocks gained on domestic stimulus. Meta's AR device and Ford's EV sales were also highlighted.

Portfolio Pulse from Piero Cingari

October 04, 2024 | 8:17 pm

NIU

Niu Technologies (NASDAQ:NIU) reported Q3 2024 sales of 312,405 units, with significant growth in both China and international markets. New models contributed to over 60% of sales in China, while international sales were driven by the K100 and K300 models.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2024 | 8:14 pm

PBM

Psyence Biomed (NASDAQ:PBM) has decided not to proceed with the acquisition of Clairvoyant Therapeutics. The company is focusing on its Phase IIb clinical trial for psilocybin-based treatment in palliative care, with results expected in the second half of 2025.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2024 | 8:07 pm

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LI

NIO

Macquarie Equity Research has issued a positive outlook for the Chinese EV market, highlighting benefits for BYD and Nio from a $142 billion stimulus package. BYD is expected to see significant growth due to new model launches and overseas expansion, while Nio's battery-as-a-service model shows promise. Li Auto faces challenges with no new models and a shift towards BEVs, leading to a downgrade to Neutral.

Portfolio Pulse from Stjepan Kalinic

October 04, 2024 | 8:00 pm

COIN

Coinbase Global Inc. shares rose after announcing adjustments to its service offerings to comply with new European regulations. The company plans to delist certain stablecoins for EEA users that don't meet the EU's MiCA standards, with full implementation by December 2024. This proactive regulatory alignment, along with broader market conditions, contributed to the stock's rise.

Portfolio Pulse from Vaishali Prayag

October 04, 2024 | 7:49 pm

ATAI

ENVB

Companies like Mindstate Design Labs and Atai Life Sciences are developing new forms of psychedelics, termed Psychedelics 2.0, to offer mental health benefits with fewer risks. These innovations aim to address the challenges of traditional psychedelics, such as side effects and intensive monitoring requirements. Enveric Biosciences is exploring non-hallucinogenic psychedelics, potentially offering antidepressant-like benefits without extensive clinical sessions.

Portfolio Pulse from Juan Spínelli

October 04, 2024 | 7:39 pm

TXN

Deep-pocketed investors are showing a bearish sentiment towards Texas Instruments (NASDAQ:TXN) with significant options trading activity. The options activity is unusual, with 55% of trades being bearish. The stock is currently trading at $206.0, up by 2.15%, but may be approaching overbought levels.

Portfolio Pulse from Benzinga Insights

October 04, 2024 | 7:32 pm

HUT

Hut 8 Corp. (NASDAQ:HUT) shares rose after the company released its September operational update. The company produced 85 Bitcoin, increased its hashrate, and launched new initiatives in AI and Bitcoin mining. Analyst George Sutton raised the price target for Hut 8 from $14 to $15.

Portfolio Pulse from Erica Kollmann

October 04, 2024 | 7:26 pm