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GOOGL

Alphabet Inc.'s Google Maps is testing a new feature to show building entrance indicators, aiming to enhance user navigation. This feature, currently in early testing stages, displays entrance icons on the map when a location is selected and zoomed in. The test was observed on Google Maps version 11.17.0101 on a Google Pixel 7a, focusing on various building types in cities like New York and Berlin. This development follows recent navigation improvements and signifies Google's commitment to refining user experience.

Portfolio Pulse from Benzinga Neuro

March 05, 2024 | 11:16 am

SPMYY

VIAV

VIAVI Solutions (NASDAQ:VIAV) has announced the acquisition of Spirent Communications (OTC:SPMYY) for approximately $1.3 billion in cash. The deal, expected to close in the second half of 2024, aims to combine VIAVI's communications test and measurement technologies with Spirent's testing and assurance solutions, targeting synergies of $75M. The acquisition will be funded through existing cash, a $800 million term loan, and a $400 million investment from Silver Lake, leading to Ken Hao joining the VIAVI board.

Portfolio Pulse from Lekha Gupta

March 05, 2024 | 11:10 am

MNKD

MannKind Corporation announced new clinical data from its INHALE-3 Phase 4 study comparing inhaled insulin (plus basal) versus standard of care. The findings were presented at the International Conference on Advanced Technologies and Treatments for Diabetes.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 11:08 am

RIVN

TSLA

Leaked specs of Rivian's upcoming R2 vehicle suggest it may outperform Tesla's Model Y in speed and range, with a 0 to 60 mph acceleration in 3 seconds and up to 330 miles range. The R2, starting at $47,500, is set to be unveiled on March 7 but won't start production until 2026. This positions the R2 as a direct competitor to the Model Y, which is already in production and was the best-selling vehicle globally last year.

Portfolio Pulse from Anan Ashraf

March 05, 2024 | 11:06 am

PODD

Insulet announced it will present results from its first Omnipod 5 Randomized Controlled Trial (OP5-003) at the International Conference on Advanced Technologies & Treatments for Diabetes. This marks a significant milestone for the company as it showcases the effectiveness and advancements of its Omnipod 5 product.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 11:04 am

APGE

Apogee Therapeutics, Inc. (NASDAQ:APGE) announced positive interim Phase 1 results for APG777, a treatment for atopic dermatitis and other inflammatory diseases. The study showed promising pharmacokinetic and pharmacodynamic data, with a half-life of approximately 75 days and sustained inhibition of key biomarkers for around 3 months.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 11:03 am

TSLA

Ross Gerber, CEO of Gerber Kawasaki Wealth and Investment Management and a Tesla investor, expressed concerns over Tesla's falling earnings despite increased sales of Cybertrucks and overall vehicles. He highlighted the need for Tesla to address the decline in earnings amidst high sales volumes. Gerber also noted that Tesla is being valued more as a hardware company due to intense competition in China and its failure to achieve autonomous driving. Tesla's stock dropped over 7% following a reported decline in vehicle sales in China for February.

Portfolio Pulse from Anan Ashraf

March 05, 2024 | 10:59 am

BTCUSD

HAIUSD

Hacken (CRYPTO: HAI), a blockchain security-focused token, experienced a 50% rally in a week, attributed to its new initiative in Real-World Asset (RWA) tokenization. The company announced that HAI token holders could now convert their utility tokens to equity tokens, offering a direct equity stake in Hacken Enterprise. This move coincides with a broader market optimism and a rally in Bitcoin's (CRYPTO: BTC) price. Hacken's approach to tokenization, which allows for the digitization of various assets on the blockchain, aligns with the industry's growing interest in this technology, as highlighted by BlackRock CEO Larry Fink.

Portfolio Pulse from Mehab Qureshi

March 05, 2024 | 10:16 am

VSAT

Viasat, Inc. (NASDAQ:VSAT) has been selected by Icelandair to provide inflight Wi-Fi for its new Airbus fleet, servicing routes between Iceland and Europe, and transatlantic flights, with deliveries starting Q4 CY 2024.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 10:10 am

NIO

NIO Inc. projects its Q1 2024 revenue to range between $1.48B and $1.56B, with vehicle deliveries estimated at 31,000 to 33,000 units. This forecast suggests a slight decrease to a moderate increase in both revenue and deliveries compared to Q1 2023.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 10:07 am