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DNA

GreenLab has announced a partnership with Ginkgo Bioworks to increase the production of Brazzein, a new sweetener. This collaboration aims to leverage Ginkgo Bioworks' biotechnology expertise to scale up the manufacturing process of Brazzein, which is known for its high sweetness level and low-calorie content, making it a promising alternative to traditional sugar and artificial sweeteners.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 11:06 am

BA

SpaceX CEO Elon Musk criticized Boeing for the delays in its Starliner spacecraft's first crewed flight, attributing the setback to 'too many non-technical managers' at Boeing. Despite receiving a lower contract value from NASA for ISS transportation, SpaceX has successfully completed multiple missions with its Dragon spacecraft, ahead of Boeing's Starliner. Boeing's Starliner faced another delay due to an issue with the Atlas V rocket, with the launch now rescheduled. Additionally, Boeing's aviation segment is under scrutiny due to safety concerns and whistleblower allegations.

Portfolio Pulse from Anan Ashraf

May 07, 2024 | 11:05 am

HPQ

HKPC and HP have inaugurated a joint technology center in Hong Kong, focusing on advancements in 3D printing technology. This collaboration aims to leverage HP's expertise in 3D printing to foster innovation and development in the field, positioning Hong Kong as a hub for technological advancement in 3D printing.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 10:57 am

LCID

Lucid Group (NASDAQ:LCID) aims to challenge Tesla's market dominance with its upcoming $48K midsize EV, set for a late 2026 release, alongside its current and future models like the Air Pure and Gravity SUV. The company's strategy includes offering vehicles at competitive price points, with the Air Pure starting at $69,900 and the Gravity SUV expected to start under $80,000. Despite a net loss of $680.9 million in Q1 and a per-vehicle loss of over $346,000, Lucid's $5.03 billion liquidity is anticipated to support its operations through the start of Gravity SUV production and into Q2 2025. Lucid's first-quarter deliveries saw a nearly 40% increase year-over-year, contrasting with a 13.3% drop in Tesla Model S sales.

Portfolio Pulse from Anan Ashraf

May 07, 2024 | 10:51 am

RACE

Ferrari has confirmed its FY24 outlook with expected revenue of EUR 6.4B, slightly below the EUR 6.56B estimate, and adjusted EPS of EUR 7.50, against a EUR 7.77 estimate. The guidance is based on positive product and country mix, strong personalizations, impacts from Formula 1 rankings, increased lifestyle activities, persistent cost inflation, continuous brand investments, and robust industrial free cash flow, offset by higher capital expenditures and tax payments.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 10:50 am

RACE

Ferrari's Q1 2024 total shipments were 3,560 units, showing a slight decrease of 7% year-over-year. The shipments were strategically allocated across different regions, with increases in EMEA and the Americas, but a decrease in Mainland China, Hong Kong, and Taiwan. The quarter's deliveries were primarily driven by the 296 family, the Purosangue, and the Roma Spider. The Daytona SP3 allocations increased, while the 812 GTS and the SF90 Stradale are nearing the end of their lifecycle, with the Portofino M being phased out.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 10:48 am

INFY

Infosys has been awarded the ISO 42001:2023 certification for its Artificial Intelligence Management System, marking a significant achievement in its commitment to AI technology standards and management practices.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 10:38 am

VIAV

Viavi Solutions Inc. (VIAV) announced the launch of SecurePNT 6200 with SecureTime services, a resilient timing clock solution for critical infrastructure. This product enhances VIAVI's assured positioning, navigation, and timing (PNT) solutions, incorporating technology from Fugro.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 10:37 am

DIS

Disney has increased its FY24 adjusted EPS growth target to 25% following strong performance in Q2, including double-digit adjusted EPS growth, meeting financial guidance, and achieving profitability in its Entertainment Direct-to-Consumer business. The company also reported over 6 million new Disney+ Core subscribers, a sequential ARPU increase, and expects significant cash flow generation. Despite a slight decline in Sports operating income and anticipated softer Q3 results for Disney+ Hotstar, Disney foresees continued profitability in streaming and robust growth in its Experiences business.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 10:35 am

KGRN

NIO

PGJ

TSLA

XPEV

Nio Inc is launching a new mass-market EV brand, Onvo, targeting Tesla's Model Y, with plans to introduce a model under $30,000 in Europe next year. The Onvo brand will feature the L60 model, aiming for global launch by year-end, while a second sub-brand, Firefly, targets a 2025 release. Nio is expanding in Europe, moving away from its subscription model to increase distribution. Amid cost-cutting measures, Nio's stock has declined over the past year, but it remains accessible through ETFs like KGRN and PGJ.

Portfolio Pulse from Shivani Kumaresan

May 07, 2024 | 9:49 am