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BB

ETAS GmbH and BlackBerry QNX have entered into a contract to collaboratively sell and market software solutions aimed at expediting the development of safety-critical functions for software-defined vehicles. This partnership signifies a strategic move to enhance the capabilities and reach of both companies in the rapidly evolving automotive software market.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 10:03 am

BCLI

Brainstorm Cell Therapeutics announced the publication of Phase 3 biomarker data in muscle and nerve, suggesting that Debamestrocel (NurOwn) may impact key biomarkers in Amyotrophic Lateral Sclerosis (ALS) predictive of disease progression. This development could signify a potential breakthrough in ALS treatment.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 10:02 am

TSLA

A top-end Tesla Cybertruck, the tri-motor all-wheel-drive variant, sold for $262,500 at a Sotheby's auction, over double its listed price of $99,900. The auction, which started at $78,000, concluded with 108 bids. This sale could temporarily alleviate concerns about the Cybertruck's resale value amid criticisms over quality issues and production delays. Tesla's CEO Elon Musk has addressed some of these concerns, stating they are fixable.

Portfolio Pulse from Shanthi Rexaline

April 10, 2024 | 9:58 am

XPEV

XPeng Inc (NYSE:XPEV), a Chinese EV maker, is experiencing stock gains due to its expansion in Hong Kong through a dealer partnership with Sime Darby Motors. This move is part of XPeng's global expansion strategy, leveraging Hong Kong's international business hub status. The company plans to introduce its latest EV models, including the G6 and X9, in mid-May with deliveries starting in Q3. Additionally, XPeng is expanding into Macau with XIN KANG HENG HOLDING LTD, planning to offer multiple models. As of the end of 2023, XPeng's cumulative delivery volume exceeded 400,000, with over 140,000 vehicles delivered in 2023. In March 2024, XPeng reported a 99% increase in Smart EV deliveries over the previous month and a 29% year-over-year increase. XPEV shares rose 3.35% in premarket trading.

Portfolio Pulse from Shivani Kumaresan

April 10, 2024 | 9:55 am

F

Ford is set to recall 42,652 vehicles due to a risk that a cracked fuel injector may leak and potentially cause a fire, as reported by Reuters and citing the National Highway Traffic Safety Administration (NHTSA).

Portfolio Pulse from Charles Gross

April 10, 2024 | 9:34 am

NVDA

Nvidia Corp. (NASDAQ:NVDA) has entered a correction phase, experiencing an 11.22% pullback from its recent high. Gene Munster from Deepwater Asset Management highlighted the market's anticipation of Nvidia's potential in AI, despite not purchasing shares at the moment. Munster believes AI's transformative power will support Nvidia's growth over the next few years, even as the stock faces short-term volatility around earnings reports and inflation data.

Portfolio Pulse from Shanthi Rexaline

April 10, 2024 | 9:33 am

WTRG

The Chairman and CEO of Essential Utilities commented on the U.S Environmental Protection Agency's final regulation for six PFAS compounds in drinking water. These compounds are known as 'forever chemicals' due to their persistence in the environment.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 9:28 am

BA

IBM

MSFT

MU

PFE

WDC

Japanese Prime Minister Fumio Kishida has called on US tech giants to increase their investments in Japan, particularly in emerging technologies like semiconductors, AI, and quantum computing. This move aims to strengthen economic ties and stimulate Japan's economy. Notable attendees at a roundtable in Washington included executives from IBM, Pfizer, Boeing, Micron Technology, and Western Digital. The discussions precede a summit with President Joe Biden, focusing on economic cooperation. Additionally, Microsoft announced a $2.9 billion investment in Japanese data centers, highlighting the growing interest in Japan as an investment destination.

Portfolio Pulse from Benzinga Neuro

April 10, 2024 | 9:24 am

BYDDF

FXI

LI

NIO

TSLA

XPEV

China's vehicle sales in March increased by 9.9% year-over-year, a significant improvement from the 19.9% decline in February. Sales of new energy vehicles (NEVs) surged by 35.3% year-over-year, according to the China Association of Automobile Manufacturers.

Portfolio Pulse from Charles Gross

April 10, 2024 | 9:19 am

GOOG

GOOGL

Google has clarified that personal Google Docs are not used for AI training, addressing concerns that arose from a report suggesting otherwise. This clarification comes amid controversies around AI training data sources, including accusations against OpenAI by Elon Musk and policy violations by using YouTube content. Google's stance on privacy and data usage for AI training is significant, especially considering its recent $60 million deal with Reddit to enhance AI capabilities.

Portfolio Pulse from Ananya Gairola

April 10, 2024 | 9:09 am