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WOLF

Wolfspeed has announced a proposed $750 million funding from the U.S. CHIPS Act and an additional $750 million from an investment group led by Apollo. This funding aims to strengthen Wolfspeed's position in delivering next-generation silicon carbide technology.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 9:07 am

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GM

RIVN

TSLA

Tesla's Cybertruck outsold all other EV trucks in the US in Q3, with 16,692 units sold, surpassing the combined sales of Rivian's R1T and Ford's F-150 Lightning. This surge has impacted Tesla's Model S and X sales negatively, but overall Tesla's US sales rose by 7%.

Portfolio Pulse from Anan Ashraf

October 15, 2024 | 9:07 am

VSAT

Viasat, Inc. (NASDAQ:VSAT) has successfully demonstrated direct-to-device satellite connectivity in India, showcasing two-way messaging services at the India Mobile Congress. This breakthrough, in partnership with BSNL, highlights the feasibility of satellite services for consumer and IoT devices, aligning with new global mobile standards.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 8:47 am

OCS

Oculis Holding AG (NASDAQ:OCS) presented promising results for its diabetic eye treatment, OCS-01, at Innovate Retina and Eyecelerator 2024. The company highlighted the success of its Phase 3 DIAMOND program and upcoming milestones, including results from the ACUITY Phase 2 trial.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 8:04 am

SHIBUSD

Shiba Inu has announced a partnership with financial solutions company Mass to enhance the financial layer of the 'Shiba State'. This partnership aims to elevate Shiba Inu's ecosystem, coinciding with a 2.14% increase in SHIB's price and a significant burn rate jump.

Portfolio Pulse from Aniket Verma

October 15, 2024 | 7:29 am

NXPI

NXP Semiconductors has launched S32J Ethernet switches and controllers, which are designed to enable software-defined vehicle networks. This development is significant for the automotive industry as it supports the transition to more advanced, connected vehicles.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 7:21 am

TSLA

Tesla has introduced a 7-seat option for the Model Y in the Netherlands, targeting larger families amid a slowdown in EV sales in Europe. This move aims to strengthen the Model Y's appeal as a family vehicle.

Portfolio Pulse from Anan Ashraf

October 15, 2024 | 6:41 am

NFLX

Netflix is expected to report strong Q3 earnings, but faces challenges in 2025. Analyst Gene Munster highlights the company's success with password crackdown and warns of opportunity costs due to limited AI exposure compared to other tech giants.

Portfolio Pulse from Shanthi Rexaline

October 15, 2024 | 6:34 am

DIS

WBD

Warner Bros.' 'Joker: Folie À Deux' is projected to lose up to $200 million due to poor box office performance, contrasting sharply with the success of the original 'Joker' film. The sequel's shift to a musical tone may have alienated fans, impacting Warner Bros.' stock.

Portfolio Pulse from Ananya Gairola

October 15, 2024 | 6:11 am

MGX

Metagenomi presented data on its SMART gene editing platform at the AIChE Conference, focusing on adenine base editors (ABEs) that are small enough to be packaged into a single adeno-associated virus (AAV). The data highlights optimizations in the SMART system for therapeutically-relevant genome editing.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 6:07 am