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QCOM

Meta Platforms Inc. (NASDAQ:META) is opening its Quest operating system to third-party hardware manufacturers, emulating Alphabet Inc.'s (NASDAQ:GOOG) (NASDAQ:GOOGL) strategy with Android. This move aims to create a new ecosystem for mixed-reality devices, leveraging partnerships with technology firms and Qualcomm Inc. (NASDAQ:QCOM). Meta's approach mirrors Google's with Android, aiming to standardize the mixed-reality market and benefit from economies of scale. Meta's stock saw a slight increase of 0.14% to close at $481.73.

Portfolio Pulse from Rounak Jain

April 23, 2024 | 8:18 am

PEV

Phoenix Motor Inc. (PEV) has announced a partnership with Cennatic to provide commercial electric vehicle (EV) battery solutions. This collaboration aims to enhance Phoenix Motor's EV offerings by integrating Cennatic's advanced battery technology, potentially improving the performance and reliability of Phoenix Motor's commercial EVs. The partnership is expected to strengthen Phoenix Motor's position in the EV market by expanding its product line and offering more competitive EV solutions.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 7:47 am

SSL

Sasol reported increases in its nine-month performance up to March 31, 2024, with mining productivity up by 4% YoY, gas production increasing by 8% YoY, SO production volumes rising by 3% YoY, and total chemicals sales volumes growing by 4% YoY.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 7:30 am

TDY

Teledyne Technologies (NYSE:TDY) through its subsidiary Teledyne e2v, has partnered with Airy3D to co-engineer the Topaz5D, a cost-effective, low power 2 megapixel global shutter sensor capable of producing 2D images and 3D depth maps. This collaboration aims to deliver affordable 3D vision solutions.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 7:17 am

TSLA

Elon Musk criticized the generic nature of Tesla's ads following the layoff of its U.S. marketing team, part of a 10% companywide reduction. Despite traditionally avoiding advertising, Tesla experimented with ads on various platforms but plans to limit spending to areas with low market share. Analysts are divided on this strategy, with some advocating for increased advertising over price cuts. Meanwhile, anti-Tesla ads by The Dawn Project criticized the safety of Tesla's FSD software.

Portfolio Pulse from Anan Ashraf

April 23, 2024 | 6:27 am

SNY

Sanofi's phase 3 study of Rilzabrutinib, a BTKi for immune thrombocytopenia (ITP), met its primary endpoint, highlighting its potential to benefit patients with ITP. Regulatory submissions in the US and EU are expected by year-end. Rilzabrutinib is part of Sanofi's immunology pipeline, aimed at treating various immune-mediated diseases beyond ITP, including asthma and autoimmune hemolytic anemia.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 5:41 am

VRTX

Vertex Pharmaceuticals has entered into an exclusive licensing agreement and collaboration with Treefrog Therapeutics to utilize TreeFrog's C-Stem manufacturing technology for optimizing the production of Vertex's cell therapies for Type 1 diabetes. This collaboration aims to scale up the production of fully differentiated, insulin-producing pancreatic islet cells.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 5:37 am

AVGO

DELL

INTC

NVDA

QCOM

SMCI

Chinese entities have acquired high-end NVIDIA chips despite a U.S. ban, using third-party vendors and embedding them in servers from Super Micro Computer, Dell Technologies, and Gigabyte Technology. The chips were obtained for servers between Nov. 20 and Feb. 28, after the U.S. expanded its embargo on Nov. 17. Nvidia and server makers claim compliance with export controls, while the situation underscores the challenges of enforcing U.S. chip-export restrictions to China.

Portfolio Pulse from Benzinga Neuro

April 23, 2024 | 5:01 am

AAPL

Apple Inc. is reportedly close to securing global television rights for a new FIFA World Cup-style tournament, marking its further expansion into sports broadcasting. The deal, potentially worth less than the $4 billion FIFA initially estimated, could exclusively bring the event to Apple TV+ subscribers. This follows Apple's successful acquisition of rights for Major League Soccer and Major League Baseball games, underscoring the growing trend of tech companies entering the sports broadcasting space.

Portfolio Pulse from Ananya Gairola

April 23, 2024 | 2:24 am

DJT

MTTR

RIOT

TSLA

U.S. stocks closed positively with DJT, RIOT, MTTR, VZ, and TSLA being the focus. DJT dipped after a SPAC merger, RIOT surged with Bitcoin, MTTR soared on acquisition news, VZ fell despite revenue stability, and TSLA dropped after cutting FSD software prices.

Portfolio Pulse from Benzinga Neuro

April 23, 2024 | 1:57 am