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TSLA

Tesla, Inc.'s (NASDAQ:TSLA) Q1 earnings call led to a 13% surge in after-hours trading, despite a slight earnings miss. Analysts are divided, with some praising the acceleration of a next-gen vehicle's production and a potential entry into the ride-hailing market, competing with Uber and Lyft. Others, however, view the earnings as a disaster, citing a record cash burn and a drop in operating margin. Tesla shares rose 10.11% pre-market.

Portfolio Pulse from Shanthi Rexaline

April 24, 2024 | 10:12 am

RVTY

Revvity announced the launch of the Auto-pure 2400 liquid handler from Allsheng, designed for use with the T-SPOT.TB test. This collaboration aims to enhance the efficiency and accuracy of tuberculosis testing, potentially impacting Revvity's market position and product offerings.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 10:10 am

SLI

Standard Lithium has announced the successful commissioning and validation of North America's largest continuously-operating Direct Lithium Extraction equipment. This milestone underscores the company's leadership in the lithium extraction industry and its commitment to enhancing lithium production capabilities.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 10:09 am

AMZN

VCR

XLY

Amazon.com Inc has introduced a new grocery delivery subscription for Prime members and EBT users, offering unlimited deliveries for a monthly fee. The service, available in over 3,500 U.S. locations, aims to enhance convenience and savings on delivery fees. Amazon's stock has seen a 69% increase over the past year, and the company's performance can also impact ETFs like SPDR Select Sector Fund - Consumer Discretionary and Vanguard Consumer Discretion ETF.

Portfolio Pulse from Shivani Kumaresan

April 24, 2024 | 9:51 am

NVS

Novartis and Medicines for Malaria Venture announced positive results from the Phase 2/3 CALINA study, showing that their formulated Coartem for babies under 5kg with malaria has the necessary pharmacokinetic profile, efficacy, and safety.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 9:37 am

AAPL

Apple Inc. has reduced its Vision Pro shipment forecasts for 2024 to 400,000-450,000 units from an initial estimate of 700,000-800,000 units due to a sharp decline in demand, particularly in the U.S. market. This adjustment has led Apple to re-evaluate its headset business strategy, including the potential cancellation of a second-generation Vision Pro in 2025. Despite the setback, Apple plans to expand Vision Pro's availability at the WWDC in June. The news comes amid mixed reactions to the Vision Pro's launch, with concerns over privacy and surveillance contrasted by high praise from some industry leaders.

Portfolio Pulse from Rounak Jain

April 24, 2024 | 9:18 am

BA

RYAAY

SPR

Ryanair's CEO commented on the potential ownership of Spirit by Boeing, stating it wouldn't significantly impact their operations. However, he emphasized the need for Boeing to improve its quality control, as Ryanair has encountered numerous production issues with Boeing's aircraft, indicating poor quality controls.

Portfolio Pulse from Charles Gross

April 24, 2024 | 9:16 am

BA

RYAAY

SPR

Ryanair's CEO announced it will take Boeing 12-18 months to clear its current backlog of deliveries, according to Reuters. This statement directly impacts Boeing and its suppliers, including Spirit AeroSystems, as well as Ryanair itself.

Portfolio Pulse from Charles Gross

April 24, 2024 | 9:15 am

TSLA

Tesla, Inc. (NASDAQ:TSLA) is in talks with a major automaker to license its Full Self-Driving (FSD) software, aiming for true autonomous driving. CEO Elon Musk is optimistic about achieving autonomy, stating Tesla will solve it even in his hypothetical absence. Integration with competitor vehicles is expected to be straightforward but will take time, with a potential deal anticipated this year and integration in about three years. Musk's stance on FSD has evolved, now suggesting that future car purchases will depend on FSD capability. Regulatory approval remains a hurdle, but advancements by other autonomous car companies, like Alphabet Inc's Waymo, are paving the way.

Portfolio Pulse from Anan Ashraf

April 24, 2024 | 9:11 am

FINV

FinVolution has announced a strategic cooperation agreement between its financial application Juanhand and UnionBank of the Philippines, aiming to enhance financial services in the Philippines.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 9:05 am