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TSLA

Toyota has reduced its 2026 EV production target by 30% to 1 million cars due to weakening global demand. This reflects a broader trend of cooling enthusiasm in the EV sector, with other automakers like Ford and GM also scaling back their EV plans.

Portfolio Pulse from Benzinga Neuro

September 06, 2024 | 8:44 am

INTC

QCOM

Qualcomm is considering acquiring certain segments of Intel's design business to enhance its product offerings. This move comes as Intel faces cash generation issues and considers divesting business units. Qualcomm's interest is particularly in Intel's client PC design business, although no formal approach has been made yet.

Portfolio Pulse from Benzinga Neuro

September 06, 2024 | 8:16 am

MARA

A Bitcoin block took over an hour to mine, sparking interest in the crypto community. Block 860081 took 73 minutes to be added to the ledger, produced by SECPOOL, following a block by Marathon Digital. Such delays are not uncommon, with historical instances of longer block times.

Portfolio Pulse from Aniket Verma

September 06, 2024 | 8:06 am

SYY

Sysco Corporation has expanded its fleet with 8 new electric trucks in Victoria, Canada, as part of its global initiative to incorporate over 130 heavy-duty electric tractors. This move aligns with Sysco's commitment to sustainability and serving its diverse customer base.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 7:34 am

EVGR

Evergreen is set to merge with Forekast in a $105 million deal to enhance AI-powered growth. The merger will focus on R&D, marketing, market expansion, talent acquisition, and strategic acquisitions.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 7:05 am

BCRX

BioCryst Pharmaceuticals presented new data on hereditary angioedema (HAE) treatment at the 7th Bradykinin Symposium. The APeX-N trial interim results showed the effectiveness and safety of berotralstat, an oral prophylaxis for HAE, in Europe. The study also emphasized the importance of shared decision-making between healthcare providers and patients for optimal outcomes.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 7:02 am

AAPL

Apple's iPhone sales have reached an impressive rate of 1.4 million units every two days, a significant growth from its launch year. This growth highlights Apple's dominance in the tech market, with the iPhone contributing significantly to its revenue. Despite challenges with other products, the upcoming iPhone 16 is expected to drive a strong upgrade cycle.

Portfolio Pulse from Shanthi Rexaline

September 06, 2024 | 6:56 am

VOR

Vor Bio has released new clinical data showing the effectiveness of its shielded transplants in delivering targeted therapies. The data highlights the success of Trem-cel + Mylotarg in engraftment and patient benefit, promising results from VCAR33ALLO, and potential opportunities for VADC45 in various medical fields.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 6:44 am

AAPL

SSNLF

XIACF

India has surpassed the US to become the second-largest 5G smartphone market, driven by strong sales from brands like Samsung, Vivo, and Xiaomi. Apple leads in global 5G handset shipments, followed by Samsung and Xiaomi.

Portfolio Pulse from Ananthu C U

September 06, 2024 | 6:24 am

GIII

TSLA

U.S. stocks fell on Thursday, with the Dow Jones dropping over 200 points and the S&P 500 declining for the third consecutive session. Tesla shares rose 4.9% following plans to expand its self-driving software to Europe and China by 2025. G-III Apparel Group's stock surged 22% after reporting strong earnings and guidance. The CNN Money Fear and Greed index remained in the 'Neutral' zone.

Portfolio Pulse from Avi Kapoor

September 06, 2024 | 6:18 am