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RSLS

ReShape Lifesciences (RSLS) CEO, Paul Hickey, discussed the potential of GLP1 medications as a tool to combat obesity, comparing them to the company's ReShape Lap-Band, highlighting its safety and less invasive nature.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 5:39 pm

LLY

NVO

Novo Nordisk A/S (NVO) faces shortages of Ozempic starter kits in Germany due to high demand for its weight-reducing effects, with limited availability expected through 2024. Meanwhile, a Chinese company, Hangzhou Jiuyuan Gene Engineering, has developed a biosimilar, Jiyoutai, potentially challenging Ozempic's market in China. Eli Lilly And Co (LLY) also experiences tight supply of its diabetes drug Mounjaro until 2024 due to high demand.

Portfolio Pulse from Vandana Singh

April 03, 2024 | 5:37 pm

GE

INTC

OWL

SPOT

ULTA

Wall Street rebounded as the ISM Services PMI indicated slower growth, easing overheating concerns. The ADP report showed strong job growth, and the dollar declined. Fed Chair Powell hinted at potential rate cuts. WTI crude and precious metals prices rose. Major indices and ETFs like SPY, DIA, and QQQ saw gains, with GE Aerospace rallying post-separation and Intel facing losses. Blue Owl Capital announced a significant acquisition, while Spotify plans to raise subscription prices. Ulta Beauty and peers faced declines due to competition and demand slowdown.

Portfolio Pulse from Piero Cingari

April 03, 2024 | 5:31 pm

RIVN

TSLA

Tesla Inc (NASDAQ:TSLA) has launched a 0% interest loan program in China to boost sales after experiencing a decline in market share and deliveries. Despite reducing prices, Tesla's strategy faced challenges due to competitors matching price cuts and a decrease in demand in Europe. Tesla's market share in China dropped from 10.5% to 6.7% in 2023. Rivian Automotive, Inc (NASDAQ:RIVN) reported delivering 13,588 EVs in Q1 and aims for 57,000 units in 2024. TSLA shares rose by 0.87% to $168.08.

Portfolio Pulse from Anusuya Lahiri

April 03, 2024 | 5:26 pm

EDBL

Edible Garden AG Inc (NASDAQ:EDBL) shares surged 24.2% after announcing a new vertical integration initiative at its Heartland facility in Grand Rapids, Michigan. This move allows the company to transition potted herb production from contract-growers to in-house, aiming to enhance margins. CEO Jim Kras highlighted the initiative's role in improving operating efficiency and advancing towards profitability. Edible Garden specializes in controlled environment agriculture, offering locally grown, organic, and sustainable produce.

Portfolio Pulse from Shivani Kumaresan

April 03, 2024 | 5:18 pm

EWJ

URA

The Japanese government aims to begin field testing clean hydrogen production using nuclear power by 2028, leveraging the High Temperature Engineering Test Reactor (HTTR). This follows a successful safety test and is part of Japan's strategy to meet increasing global power demand and reduce industrial emissions without greenhouse gases. The HTTR's technology could potentially power 200,000 fuel cell vehicles annually if scaled. Japan's commitment to nuclear-powered hydrogen production reflects a broader international interest in nuclear energy post-Paris climate agreement, despite ongoing skepticism and challenges, including waste disposal.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 5:17 pm

AAPL

ADBE

MSFT

OpenAI announced on X (formerly Twitter) that users can now edit DALL·E images in ChatGPT across web, iOS, and Android platforms. This integration enhances the capabilities of ChatGPT, allowing for more interactive and creative user experiences.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 5:06 pm

ACHR

JOBY

Archer Aviation Inc (NYSE:ACHR) is planning to launch its electric air-taxi service in the UAE by the end of 2025, aiming to compete with Joby Aviation Inc (NYSE:JOBY) in the regional commuter service market. CEO Adam Goldstein announced plans for operations in Abu Dhabi and Dubai, with regulatory assurances in place. The company recently completed significant battery pack drop testing, advancing its Midnight aircraft's development. ACHR shares rose 4.13% to $4.509.

Portfolio Pulse from Shivani Kumaresan

April 03, 2024 | 4:57 pm

SPY

Fed Chair Jerome Powell highlighted the potential of AI to boost productivity, which could have broad implications for the economy and markets.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 4:50 pm

META

Meta Platforms announced the launch of an updated fullscreen video player on Facebook, initially rolling out on iOS and Android in the U.S. and Canada, with a global release planned in the coming months.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 4:44 pm