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LCID

TSLA

Lucid Group Inc introduced 'Creature Comfort Mode' for its Air sedans, rivaling Tesla Inc's 'Dog Mode.' This feature maintains cabin temperature for pets' comfort when the driver is away, with additional safety measures and real-time monitoring via the Lucid mobile app. Unlike Tesla's offering, Lucid's mode does not include live camera viewing but ensures the mode remains active until the battery is at 1%.

Portfolio Pulse from Anan Ashraf

February 29, 2024 | 8:29 am

RBGLY

RBGPF

Reckitt Benckiser Group, owner of the Durex brand, is tapping into China's livestreaming trend to sell condoms, aiming to expand its share in the $5 billion-plus Chinese condom market. Despite the challenges posed by strict regulatory oversight on sex-related content, Reckitt sees significant potential in livestreaming, having already found success with household products. The move comes as China's aging population and demographic shifts highlight the growing importance of healthcare and wellness industries, with Reckitt holding a 40% market share in China's condom market as of 2020.

Portfolio Pulse from Benzinga Neuro

February 29, 2024 | 7:54 am

VALN

The U.S. CDC's Advisory Committee has recommended the use of Valneva's single-dose Chikungunya vaccine, IXCHIQ®, for travelers and laboratory workers. This follows the FDA's approval in November 2023, marking IXCHIQ® as the first and only vaccine for adults 18 and older at increased risk of chikungunya virus exposure.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 7:50 am

ETHUSD

MATICUSD

$6.26M And Rising: Inside Donald Trump's Surging Crypto Portfolio. Donald Trump's venture into the cryptocurrency market has seen his portfolio reach $6.35 million, with significant investments in MAGA Memecoin (TRUMP), Wrapped Ether (WETH), Ethereum (ETH), BABYTRUMP, and Polygon (MATIC). The growth reflects the volatile yet lucrative nature of the crypto market, especially in tokens associated with high-profile personalities. The MAGA Memecoin's Twitter account and crypto Twitter users suggest a bullish outlook as the election approaches.

Portfolio Pulse from Murtuza Merchant

February 29, 2024 | 7:32 am

CRL

Wheeler Bio, Inc. has entered into a strategic agreement with Charles River Laboratories International, Inc. (NYSE:CRL) to provide Wheeler Bio's Portable CMC platform to Charles River's clients, aiming to expedite the transition from pre-clinical stages to human clinical trials.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 7:28 am

BUD

Anheuser-Busch reported a decline in total volumes by 2.6%, with its own beer volumes decreasing by 3.6%. However, non-beer volumes saw an increase of 3%.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 6:53 am

AAPL

TSLA

Morgan Stanley analyst Adam Jonas suggests Apple Inc's halt on its electric car project may be due to lacking a significant dataset for autonomous driving, unlike Tesla's extensive data from its fleet. Apple reportedly had only 67 vehicles covering 450,000 miles for testing, in stark contrast to Tesla's 5 million vehicles and 50 billion miles annually. The closure of Apple's car project, after nearly a decade of development and significant R&D investment, is attributed to strategic shifts and concerns over profit margins, with some employees transitioning to the generative AI division.

Portfolio Pulse from Anan Ashraf

February 29, 2024 | 6:44 am

BTCUSD

Despite the Chinese government's crackdown on cryptocurrencies, Bitcoin (BTC) continues to see rising interest on Chinese social media platforms. This interest persists even as China faces economic challenges and the government intensifies scrutiny on crypto activities. Bitcoin's price recently surged over 10% to a new 2024 high of $64,000. Despite regulatory pressures, China still ranks high in global cryptocurrency adoption and trading volumes.

Portfolio Pulse from Mehab Qureshi

February 29, 2024 | 6:43 am

TSLA

Peter Blades, the lead interior designer for Tesla's Model 3 and Model Y, has joined aviation startup Skyryse as VP of Design. Blades, who has a decade of experience at Tesla and has worked with other major companies, will now focus on designing aircraft interiors for Skyryse. This move comes amid a series of key executive departures from Tesla over the past year.

Portfolio Pulse from Anan Ashraf

February 29, 2024 | 4:36 am

AAPL

Apple Inc's shareholders voted against a proposal for an AI transparency report, which aimed to examine the ethical use of AI by the company. The proposal was rejected during Apple's annual meeting, alongside other measures concerning equal employment policies and human rights. The rejection follows Apple's strategic shift towards generative AI, abandoning its electric car project. Additionally, two long-serving directors stepped down, and CEO Tim Cook's pay structure saw a significant change, with a 36% reduction in annual compensation.

Portfolio Pulse from Benzinga Neuro

February 29, 2024 | 4:01 am