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Several key stocks are expected to grab investor focus today, including Bank of America, Morgan Stanley, FB Financial, Kyverna Therapeutics, and UnitedHealth Group. Bank of America and Morgan Stanley are set to release their earnings reports, while Kyverna Therapeutics received FDA designation for a new treatment.

Portfolio Pulse from Avi Kapoor

July 16, 2024 | 7:08 am

AMZN

RXT

Basware has partnered with Rackspace Technology to enhance its ETL coding process using AI models trained on Amazon Bedrock and AWS. This collaboration aims to accelerate innovation and improve customer focus on business operations.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 7:07 am

BA

Boeing has secured an order from Emirates SkyCargo for five additional 777 Freighters, which will boost main deck cargo capacity by 30% by 2026. Emirates' freighter fleet will grow to 17 airplanes, including 777 Freighters, 777 converted freighters, and 747 Freighters.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 6:52 am

F

GM

TSLA

General Motors (GM) has delayed its target of producing one million electric vehicles (EVs) beyond 2025 due to slower market development, as stated by CEO Mary Barra. This follows a similar move by Ford (F), which has also delayed its EV production goals. The EV industry, including companies like Tesla (TSLA), is experiencing a slowdown.

Portfolio Pulse from Shanthi Rexaline

July 16, 2024 | 6:52 am

CTLT

Catalent has completed a $25M upgrade to its Schorndorf site, expanding storage and adding a new FastChain area. The expansion includes a 32,000 square foot increase, new storage for clinical trial materials, and a fully automatic bottle filling line.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 6:29 am

AAPL

The U.S. Customs and Border Protection has ruled that the redesigned ECG in the Apple Watch does not infringe on AliveCor's patents, allowing Apple to import these models without additional costs. This decision is a setback for AliveCor in its ongoing legal battles against Apple.

Portfolio Pulse from Benzinga Neuro

July 16, 2024 | 6:25 am

EL

Estée Lauder Companies (EL) and NYKAA have launched the third edition of BEAUTY&YOU India, aimed at fostering innovation in the Indian beauty sector. The initiative, created by ELC's New Incubation Ventures (NIV), focuses on 'Supercharged Futures' for beauty innovators.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 6:24 am

WLDN

E3, a subsidiary of Willdan Group (WLDN), has been selected to create a carbon-free electricity roadmap for the City of Pasadena's 2030 goal. This initiative aims to provide affordable, equitable, and reliable clean energy for the community.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 6:13 am

TSLA

Tesla Inc. (NASDAQ:TSLA) has delayed the unveiling of its robotaxi due to important design changes. CEO Elon Musk confirmed the delay, initially scheduled for August 8, to allow for additional design modifications and prototype development. The new timeline has not been disclosed. Despite some investor disappointment, Ark Invest's Brett Winton views the delay positively, suggesting it aligns with Tesla's progress on full self-driving (FSD) software and aims to ensure the vehicle design is production-ready.

Portfolio Pulse from Anan Ashraf

July 16, 2024 | 5:49 am

ALGT

Allegiant Air has announced the expansion of its network with eight new routes, offering one-way fares starting at $39 to 13 cities.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 5:42 am