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Ford has set a new all-time monthly sales record for its hybrid vehicles in the U.S., with sales reaching 17,997 in April, marking a 60% increase from the same month last year. The F-150 PowerBoost Hybrid led the surge with a 93.6% increase in sales, becoming America's top-selling full-size hybrid pickup. The 2024 Maverick Hybrid also performed strongly, being the best-selling hybrid pickup overall in the first four months of 2024, with 26,061 units sold. A significant portion of Maverick Hybrid customers, 59%, are new to Ford, coming from other brands and small SUV segments.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 3:51 pm

NUWE

Nuwellis shares surged following the announcement that the U.S. Patent and Trademark Office has issued a Notice of Allowance for a patent application concerning its pediatric CRRT device, Vivian.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 3:41 pm

UMGNF

Universal Music Group NV (UMGNF) and TikTok have entered into a new licensing agreement, aiming to enhance benefits for Universal's artists, songwriters, and labels through TikTok's global platform. The partnership focuses on improved remuneration, promotional opportunities, and AI protections for Universal's music catalog. This strategic collaboration is designed to leverage TikTok's technology and e-commerce capabilities for monetization, while also addressing unauthorized AI-generated music.

Portfolio Pulse from Shivani Kumaresan

May 02, 2024 | 3:34 pm

SMTC

Semtech Corporation (NASDAQ:SMTC) and Console Connect announced a collaboration to expand Semtech's AirVantage Smart Connectivity service in the Asia-Pacific region. This partnership leverages Console Connect's IMSI service and roaming network to enhance Semtech's service coverage, offering global cellular network flexibility, overcoming regulatory and roaming restrictions. The collaboration aims to provide seamless and affordable roaming for Semtech customers, with access to over 600 partner networks in more than 190 countries, ensuring continuous global connectivity for IoT deployments.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 3:32 pm

ZTS

On CNBC, Zoetis CEO Kristin Peck discussed the company's earnings and demand for its products. She highlighted key financial results and market demand trends.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 3:26 pm

QCOM

Qualcomm Inc (NASDAQ:QCOM) reported Q2 financial results, surpassing analyst estimates for revenue and earnings per share. Analysts from Cantor Fitzgerald, KeyBanc, Oppenheimer, JPMorgan, and Rosenblatt provided insights, highlighting Qualcomm's outperformance in China, leverage to premium smartphones, record automotive segment revenue, and potential in AI smartphones and PCs. Qualcomm's shares rose 9% to $179.35, reaching new 52-week highs.

Portfolio Pulse from Chris Katje

May 02, 2024 | 3:21 pm

CELH

Celsius Holdings (NASDAQ:CELH) has seen a notable surge in options activity, with Benzinga's tracking revealing 10 significant trades. The sentiment is mixed, with 50% bullish and 40% bearish, focusing on a price target between $60.0 and $90.0. The largest trades include both calls and puts, with a notable put at a strike price of $74.00 and calls up to $85.00. Celsius Holdings, known for its energy drinks, has a 20-year distribution agreement with PepsiCo. The stock is currently trading at $73.53, with an upcoming earnings report in 5 days.

Portfolio Pulse from Benzinga Insights

May 02, 2024 | 3:19 pm

CMCSA

Comcast has been awarded over $61M by the Commonwealth of Pennsylvania to expand its network to unserved and underserved homes and businesses across 158 municipalities in 13 counties. This expansion, expected to complete by late 2026, will provide gigabit plus speeds and access to Comcast's suite of services including Xfinity Internet, TV, Streaming, Mobile, and Comcast Business Internet. The project is part of the Broadband Infrastructure Program funded by the CPF, with additional matching funding from Washington County. Comcast's expansion efforts in Pennsylvania also include significant investments in technology, infrastructure, digital equity, and community partnerships.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 3:12 pm

ORCL

Oracle and TIM have announced a collaboration to accelerate cloud adoption in Italy, integrating Oracle Cloud Infrastructure (OCI) into TIM's managed cloud services. This partnership will enable public and private sector organizations in Italy to access OCI's high-performance and secure cloud services, including AI and data analytics. TIM will host Oracle's second cloud region in Italy in Turin, enhancing business continuity and addressing digital sovereignty and compliance requirements by keeping data within Italy. The collaboration underscores Oracle's commitment to expanding its cloud services globally and TIM's dedication to providing innovative cloud solutions in the Italian market.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 3:06 pm

ORCL

Oracle has launched Oracle Database 23ai, enhancing its database services with AI capabilities, including AI Vector Search for efficient data search and analysis. This release, available on Oracle Cloud Infrastructure and other platforms, introduces over 300 features aimed at simplifying AI integration, accelerating application development, and supporting mission-critical workloads. Key innovations include AI Vector Search, Exadata System Software 24ai for faster AI searches, OCI GoldenGate 23ai for real-time data replication, and new developer-friendly features like JSON Relational Unification and Free Developer Databases. Oracle also introduced mission-critical data solutions such as Globally Distributed Database with RAFT for hyperscale and data sovereignty, True Cache for improved application performance, and an In-Database SQL Firewall for enhanced security.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 3:06 pm