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UTHR

Judge Andrews has set aside the injunction issued in August 2022 against Liquidia, allowing the FDA to proceed with the final approval of Liquidia's new drug application for Yutrepia (Treprostinil) Inhalation Powder. The injunction was initially in place due to a lawsuit filed by United Therapeutics.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 10:09 am

GUTS

The FDA has approved Fractyl Health's Investigational Device Exemption for a study on Revita's efficacy in maintaining weight loss after stopping GLP-1 receptor agonist treatment. This marks a significant step for Fractyl Health in exploring innovative treatments for weight management.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 10:02 am

NIO

NIO Inc. reported a 14.3% year-over-year increase in vehicle deliveries for March 2024, totaling 11,866 vehicles. This contributed to a first quarter total of 30,053 vehicles delivered in 2024. The company also announced the start of deliveries for its 2024 models including the ES8, ES6, EC7, EC6, and ET5T, with plans to begin delivering the ES7, ET7, and ET5 in Q2 2024. Cumulative deliveries reached 479,647 by the end of March 2024.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 9:35 am

ARB

DOGE

ETH

WIF

BitMEX co-founder Arthur Hayes and Real Vision CEO Raoul Pal discussed the value meme coins bring to the crypto industry by attracting attention and new participants. They highlighted the popularity of meme coins among younger investors and mentioned the success of the Solana-based memecoin dogwifhat (WIF), which recently surpassed Arbitrum (ARB) in market cap. Ethereum co-founder Vitalik Buterin also commented on memecoins, suggesting they could be made useful or charitable.

Portfolio Pulse from Mehab Qureshi

April 01, 2024 | 9:31 am

VWAGY

XPEV

XPeng (NYSE:XPEV), a Chinese electric vehicle manufacturer, has announced its entry into the German market, challenging Volkswagen (OTC:VWAGY) and other automakers. The launch is part of XPeng's European expansion, with vehicle sales in Germany starting in May. XPeng plans to showcase its G9 SUV and P7 sports sedan at 24 retail locations across Germany, aiming for a 3% market share in the new energy vehicle segment by year-end. This move comes as BEV sales in Germany saw a 15.4% decline, despite a modest 9% growth in the EU. Volkswagen leads EU auto sales, with an 11.5% increase in registrations year-on-year.

Portfolio Pulse from Anan Ashraf

April 01, 2024 | 9:21 am

XPEV

XPeng Inc. (NYSE:XPEV), a leading Chinese smart electric vehicle company, reported a significant increase in its Smart EV deliveries for March 2024 and the first quarter of the year. In March, XPENG delivered 9,026 Smart EVs, marking a 99% increase from the previous month and a 29% year-over-year increase. The XPENG X9 was the top-selling all-electric MPV in China for the month. For Q1 2024, the company delivered 21,821 Smart EVs, up 20% from the previous year. Additionally, the monthly active user penetration rate of XNGP in urban driving scenarios reached 82%.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 9:02 am

LI

Li Auto Inc. reported a 39.2% year-over-year increase in vehicle deliveries for March 2024, totaling 28,984 units. The company's Q1 deliveries also rose by 52.9% YoY to 80,400 vehicles. This growth establishes Li Auto as the first Chinese new energy automaker to surpass 700,000 cumulative deliveries, reaching 713,764 by the end of March 2024.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 8:33 am

AZN

The FDA has approved AstraZeneca's Voydeya (Danicopan) as an add-on therapy to Ravulizumab or Eculizumab for treating extravascular hemolysis in adults with Paroxysmal Nocturnal Hemoglobinuria.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 8:15 am

GOOG

GOOGL

MSFT

NVDA

Sir Demis Hassabis, co-founder of Google DeepMind, expressed concerns over the exaggerated hype surrounding artificial intelligence (AI), comparing it to the crypto buzz. He believes this overshadows real scientific progress in AI. Despite the hype, Hassabis remains optimistic about AI's transformative potential, citing DeepMind's AlphaFold as a significant advancement. The article also mentions the surge in funding for AI startups and the interest in major tech companies like Microsoft, Alphabet, and Nvidia, which are leading the AI revolution.

Portfolio Pulse from Benzinga Neuro

April 01, 2024 | 8:07 am

TSLA

Tesla Inc's executive Rohan Patel addressed the delay in rolling out version 12 of the Full Self-Driving (FSD) software for certain Model S and X vehicles. The delay is due to the need to validate different hardware present in about 3% of FSD-eligible vehicles. Despite the delay, Tesla's team is focused on resolving the issue, though no specific timeline was provided. The rollout of free FSD trials in the U.S. has received positive reviews, aiming to encourage purchases or subscriptions by showcasing the software's potential for fully autonomous driving.

Portfolio Pulse from Anan Ashraf

April 01, 2024 | 7:56 am