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TSLA

XPEV

XPeng's new electric vehicle, Mona M03, has received over 30,000 orders within 48 hours of its launch, posing a competitive threat to Tesla in China. The Mona M03 is priced significantly lower than Tesla's Model 3, highlighting Tesla's challenges in the lower-end market segment.

Portfolio Pulse from Shanthi Rexaline

August 30, 2024 | 9:12 am

GM

General Motors (GM) is integrating its BrightDrop electric vans into the Chevrolet brand, allowing access to Chevrolet's commercial sales and service networks. This move aims to boost sales and service capabilities for BrightDrop's Zevo electric vans.

Portfolio Pulse from Anan Ashraf

August 30, 2024 | 8:55 am

EBS

Emergent BioSolutions' ACAM2000 vaccine has received FDA approval for use in preventing mpox in high-risk individuals, amidst a rising public health crisis.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2024 | 8:03 am

AAPL

Apple's upcoming iPhone 16 launch event, 'Glowtime', is expected to feature significant upgrades, including Apple Intelligence, without a price hike. Analyst Erik Woodring from Morgan Stanley suggests the iPhone replacement cycle will accelerate, potentially boosting Apple's stock performance. The iPhone 16 is anticipated to make up 68% of Apple's fiscal year 2025 shipments, with a 5% increase in average selling price. Morgan Stanley maintains an Overweight rating with a $273 price target for Apple.

Portfolio Pulse from Shanthi Rexaline

August 30, 2024 | 7:57 am

MNOV

MediciNova, Inc. has received a U.S. patent allowance for MN-166, a treatment for post-COVID conditions, ensuring protection through 2042.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2024 | 7:53 am

BLIN

Bridgeline's HawkSearch has been selected by a leading automotive retailer to enhance their eCommerce platform with advanced search capabilities. This partnership aims to improve the retailer's online customer experience.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2024 | 7:32 am

PPG

PPG Industries has expanded its Malaysian plant by adding new production lines for non-stick and low friction coatings, enhancing its regional capabilities.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2024 | 7:25 am

BA

Boeing's Starliner spacecraft is set to return to Earth without a crew on September 6, following a review with NASA. The spacecraft, which launched with astronauts Sunita Williams and Butch Wilmore, faced technical issues that delayed its return. The astronauts will return via a SpaceX vehicle instead.

Portfolio Pulse from Anan Ashraf

August 30, 2024 | 7:18 am

ADAUSD

BTCUSD

ETHUSD

SHIBUSD

Shiba Inu (SHIB) has been added as a collateral currency for futures trading on Kraken Pro, joining Bitcoin, Ethereum, and Cardano. This coincides with a massive 139103% increase in SHIB's burn rate, though its price remains relatively unchanged.

Portfolio Pulse from Aniket Verma

August 30, 2024 | 6:56 am

HCM

HUTCHMED has withdrawn its supplemental NDA for fruquintinib for advanced gastric cancer in China after discussions with the NMPA. Despite positive Phase III study results, the OS improvement was not statistically significant, leading to the withdrawal.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2024 | 6:42 am