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AAPL

Apple Inc. (NASDAQ:AAPL) reported record-breaking revenue in India, driven by strong Mac sales. The company's Q3 FY24 revenue reached $85.8 billion, a 5% year-over-year increase. Mac sales rose by 2.46% to $7.01 billion, while iPad sales surged by 23.63% to $7.16 billion. Despite a slight decline in iPhone sales and wearables, Apple's services revenue grew by 14.14% to $24.21 billion.

Portfolio Pulse from Ananthu C U

August 02, 2024 | 8:39 am

ADAP

Adaptimmune's TECELRA has received U.S. FDA accelerated approval as the first engineered cell therapy for solid tumors, specifically for advanced MAGE-A4+ synovial sarcoma in adults with certain HLA types who have received prior chemotherapy. This marks the first new treatment option for synovial sarcoma in over a decade.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 7:17 am

BYDDF

LI

NIO

XPEV

ZK

BYD Co Ltd reported a 31% increase in new energy passenger vehicle sales in July, despite a 4% drop in pure EV sales. The decline in BEV sales was offset by a 67% rise in hybrid vehicle sales. Li Auto, XPeng, and Nio also reported their July delivery numbers, with Li Auto leading the pack.

Portfolio Pulse from Anan Ashraf

August 02, 2024 | 7:11 am

PYPD

PolyPid secures up to $14M in a private placement, extending its cash runway to Q2 2025. The funding supports the ongoing SHIELD II Phase 3 trial of D-PLEX100, with top-line results expected in Q1 2025.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 7:06 am

MAR

Marriott International, Inc. has signed an agreement with Zhong An Commercial Group to launch W Hangzhou in Qianjiang Century City, anticipated to open in 2031. The hotel aims to become a symbol of luxury hospitality in Hangzhou's new CBD.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 6:57 am

AAPL

Apple's Vision Pro is gaining traction in the enterprise market, with companies like Boston Children's Hospital and Lufthansa adopting the device for workforce training. CEO Tim Cook highlighted the growing app ecosystem around Vision Pro and its potential to revolutionize professional development. Despite a slight dip in stock price, Apple's third-quarter earnings beat expectations, and the company returned over $32 billion to shareholders.

Portfolio Pulse from Kaustubh Bagalkote

August 02, 2024 | 6:50 am

HIVE

HIVE Digital reported its July 2024 Bitcoin production, mining 116 BTC and increasing its HODL position by 2% to 2,533 BTC. The company maintained a 4.9 EH/s ASIC mining capacity and achieved an average of 24.6 BTC per Exahash. HIVE's Bitcoin HODL value is over $164 million.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 6:50 am

AMD

INTC

Intel Corp. (NASDAQ: INTC) is offering a two-year extended warranty for its 13th and 14th Gen CPUs due to stability issues. This move comes after a disappointing financial report and significant cost reduction plans. Intel's stock has seen a significant decline, closing at $29.05 and falling further in after-hours trading.

Portfolio Pulse from Benzinga Neuro

August 02, 2024 | 6:15 am

TSLA

Tesla Inc (NASDAQ:TSLA) CEO Elon Musk envisions the company making a drivetrain every second, significantly faster than the current rate. This announcement follows Tesla's milestone of producing its 10 millionth drive unit. Most of Tesla's drive units are made in Giga Nevada, which has produced 5 million units. The drive unit is crucial for EVs, converting electrical energy to mechanical energy.

Portfolio Pulse from Anan Ashraf

August 02, 2024 | 6:02 am

AAPL

Apple's shares turned higher in after-hours trading following a positive third-quarter performance and optimistic forward outlook. Analysts highlighted strong iPhone sales, healthy gross margins, and promising AI-driven growth prospects. Wedbush raised its price target for Apple from $275 to $285, maintaining an Outperform rating.

Portfolio Pulse from Shanthi Rexaline

August 02, 2024 | 5:46 am