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AAPL

Apple Inc. CEO Tim Cook emphasized the Vision Pro at the recent iPad event, marking the fourth consecutive public mention. Gene Munster of Deepwater Asset Management highlighted Cook's consistent focus on Vision Pro, signaling Apple's commitment to the mixed reality headset. Despite no new announcements on Vision Pro, Jim Cramer sees its potential, especially in B2B markets. However, Apple faced challenges with Vision Pro, including a reported 50% cut in shipment forecasts due to decreased demand. Apple's stock closed slightly up at $182.40.

Portfolio Pulse from Rounak Jain

May 08, 2024 | 8:51 am

TSLA

Tesla Inc (NASDAQ:TSLA) has received approval from Chinese authorities to conduct robotaxi tests in China using its full self-driving (FSD) software, although widespread use of FSD functions has not been approved. This development follows CEO Elon Musk's visit to China and meeting with Chinese Premier Li Qiang. Additionally, Tesla has partnered with Baidu Inc. for lane-level mapping and navigation data in China, and two of its vehicles have met China's data security requirements, marking progress towards FSD deployment in China.

Portfolio Pulse from Anan Ashraf

May 08, 2024 | 8:37 am

ABVX

Abivax is set to present four abstracts on obefazimod for ulcerative colitis and a preclinical colon cancer model at Digestive Disease Week 2024. The presentations will cover new preclinical data demonstrating obefazimod's effectiveness in reducing tumor numbers in a mouse model, supporting its novel mechanism of action.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 8:18 am

AAPL

Gene Munster of Deepwater Asset Management predicts a significant increase in Apple Inc.'s iPad sales in 2023, driven by updates to three of the four iPad models. These updates include a thinner design, larger screens, faster chips, and increased memory, expected to boost iPad's sales share from 7% to 8% within a year. However, Munster anticipates a decline in iPad sales by about 2% in 2025 due to longer upgrade cycles and the modest nature of updates. Additionally, the iPad Pro's price increase could add $1.3 billion to Apple's sales, enhancing its growth by 0.2%. Munster also highlighted Apple's competitive advantage in AI with the early announcement of the M4 chip.

Portfolio Pulse from Ananya Gairola

May 08, 2024 | 8:18 am

FJTSY

NOW

ServiceNow and Fujitsu have announced a strategic partnership to launch innovative cross-industry solutions. This collaboration will leverage ServiceNow's AI platform and Fujitsu's industry expertise to deliver enhanced value to global customers. A new Fujitsu-ServiceNow Innovation Center will be established to focus on digital transformation offerings and customer success. Additionally, Fujitsu plans to expand its use of the Now Platform to provide greater value to its customers.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 8:10 am

LTRY

Sports.com, Inc., a subsidiary of Lottery.com, has expanded its content portfolio by acquiring the rights to broadcast the next three Extreme Fighting Championship events in Saudi Arabia and the UAE.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 8:02 am

BTCUSD

SHIBUSD

Shytoshi Kusama, Shiba Inu's lead developer, shared a cryptic 'EVITA' teaser, sparking speculation of potential investments in Argentina. This coincides with Elon Musk endorsing Argentina as a crypto-friendly destination and President Milei's advocacy for Bitcoin. SHIB saw a 3.05% decline in the last 24 hours.

Portfolio Pulse from Aniket Verma

May 08, 2024 | 7:40 am

FUTU

Futu's Moomoo app has reached one million downloads in Japan since its launch. The app, which began offering U.S. stock trading in September 2023 and Japanese stock trading in March 2024, is operated by Moomoo Securities Japan Co., Ltd., a wholly-owned subsidiary of Futu. This subsidiary is licensed and a member of key financial and securities associations in Japan.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 7:25 am

BA

Boeing Co's (NYSE:BA) first crewed flight test of the Starliner spacecraft to the ISS is delayed to no earlier than May 17, due to an issue with the Atlas V rocket. United Launch Alliance will replace a faulty valve, with the launch now set for 6:16 p.m. EDT, May 17. This delay follows several postponements since the spacecraft's initial uncrewed test flight was planned in 2015. Success in the upcoming test could position Boeing alongside SpaceX as a private company shuttling astronauts to the ISS for NASA.

Portfolio Pulse from Anan Ashraf

May 08, 2024 | 6:45 am

TSLA

Tesla Inc (NASDAQ:TSLA) will shut down its Berlin gigafactory for only one day this week, contrary to initial reports of a four-day halt. The brief shutdown, confirmed by Senior Director of Manufacturing Andre Thierig, is due to protests against the company's expansion efforts. Despite challenges, including a recent arson attack and local opposition to factory expansion, Tesla aims to double the plant's capacity. Tesla's new car registrations in the EU fell by 4.7% in Q1.

Portfolio Pulse from Anan Ashraf

May 08, 2024 | 6:22 am