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XPEV

Chinese electric vehicle (EV) manufacturer Xpeng has announced its strategy to target the mass market by launching more affordable models. This move is aimed at capturing a larger share of the growing EV market by making their vehicles accessible to a broader audience. The announcement was made on Sunday, signaling a significant shift in Xpeng's market approach from focusing exclusively on premium models to embracing a wider range of consumers.

Portfolio Pulse from Charles Gross

March 18, 2024 | 9:08 am

RIVN

TSLA

Rivian Automotive Inc. vehicles are now compatible with Tesla Inc.'s Supercharger network, as confirmed by a Tesla investor and a Rivian customer. This development follows Rivian's decision to align with Tesla's North America charging protocol and Tesla's announcement to open its Supercharger network to rival EV makers. Tesla's stock saw a slight increase, while Rivian's stock experienced a more significant rise.

Portfolio Pulse from Benzinga Neuro

March 18, 2024 | 9:06 am

QCOM

Qualcomm Inc. (NASDAQ:QCOM) has launched the Snapdragon 8S Gen 3 chipset, aimed at bringing high-end features to more affordable Android phones. This new chipset, positioned below the flagship Snapdragon 8 Gen 3, includes a similar GPU, the previous-gen X70 5G modem with Wi-Fi 7 support, and the capability to run large AI models. Qualcomm's strategy with this release is to maintain its dominance in the high-end smartphone market, with several major manufacturers planning to use the chipset in their upcoming devices.

Portfolio Pulse from Rounak Jain

March 18, 2024 | 8:46 am

HTZ

Hertz Global Holdings Inc (NASDAQ:HTZ) appointed Gil West, former COO of GM's autonomous driving unit Cruise, as its new CEO. West's appointment is part of Hertz's cost-cutting mission, which includes selling 20,000 electric vehicles due to high repair costs and replacing them with combustion engine cars. Hertz reported a Q4 adjusted EPS loss of $1.36, with revenue growing 7% year on year to $2.18 billion. GM reported a $3.48 billion operating loss at Cruise in 2023.

Portfolio Pulse from Anan Ashraf

March 18, 2024 | 8:43 am

WTW

WTW, a global advisory, broking, and solutions company, announced receiving USAID funding to develop a climate-resilient insurance solution. This initiative aims to unlock climate adaptation investment from the private sector in vulnerable countries.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 8:39 am

GOLD

Barrick Gold Corporation has launched the Barrick Academy at its old Buzwagi mine to train over 2,000 foremen, supervisors, and superintendents in the next 24 months. The academy aims to develop frontline managers in the Africa and Middle East region, with plans to expand the curriculum and include contractors. The opening follows the construction of an airport terminal at Buzwagi, expected to catalyze economic growth in the region.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 8:11 am

VEON

VEON's subsidiary, Banglalink, has been awarded a unified licence by the Bangladesh Telecommunication Regulatory Commission (BTRC), which consolidates its current licences and lays the foundation for the introduction of future technologies in Bangladesh. This move is expected to enhance Banglalink's ability to offer digital services in the region.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 8:05 am

AMZN

Fujitsu Limited and Amazon Web Services (AWS), a subsidiary of Amazon.com, Inc. (NASDAQ:AMZN), have announced an expanded partnership to accelerate the modernization of legacy applications by launching a Modernization Acceleration Joint Initiative. This initiative, starting April 1, aims to assist customers in various industries such as finance, retail, and automotive, by providing assessment, migration, and modernization services for legacy mission-critical applications from on-premise mainframes and UNIX servers to AWS Cloud.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 8:04 am

MSFT

Microsoft's LinkedIn is venturing into gaming to enhance user engagement by introducing puzzle-based games. This move, aimed at blending business networking with entertainment, could potentially change how users interact on the platform. LinkedIn's gaming initiative includes titles like 'Queens,' 'Inference,' and 'Crossclimb,' inspired by the success of simple puzzle games. Although a launch date was not disclosed, the initiative reflects LinkedIn's growth under Microsoft, with the platform recently surpassing $15 billion in revenue and seeing a significant increase in advertising revenue.

Portfolio Pulse from Benzinga Neuro

March 18, 2024 | 7:38 am

AAPL

GOOGL

Apple Inc. (AAPL) is reportedly in talks with Alphabet Inc. (GOOGL, GOOG) to license Google's Gemini AI models for future iPhones. This potential partnership aims to enhance iPhone software features with generative AI capabilities. Apple has also considered a similar deal with OpenAI but prefers Google's technology, which is seen as more advanced. The deal could face antitrust scrutiny and indicates Apple's AI may not be as developed as expected. The outcome of these discussions remains uncertain, with possibilities including no deal or partnerships with multiple AI providers.

Portfolio Pulse from Ananya Gairola

March 18, 2024 | 7:24 am