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BIDU

Baidu has unveiled significant advancements across its mobile ecosystem, including Baidu Search, Baidu Wenku, and the Baidu App, all integrated with ERNIE agents. The updated Baidu Wenku now offers over 100 multimodal AI features, widely used by millions of users. Baidu AgentBuilder has also seen extensive adoption among developers and enterprises.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 9:50 am

GM

PSNY

TSLA

General Motors (GM) is sticking to its plan to provide its EV owners access to Tesla's supercharging network by Spring 2024, despite Tesla's recent layoffs. Polestar, however, has delayed its access to the network until Summer 2024.

Portfolio Pulse from Anan Ashraf

May 31, 2024 | 9:48 am

TSLA

Tesla is recalling 125,000 vehicles in the U.S. due to a faulty seat belt warning system. The company will address the issue through an over-the-air (OTA) software update, as reported by Reuters citing the National Highway Traffic Safety Administration (NHTSA).

Portfolio Pulse from Charles Gross

May 31, 2024 | 9:32 am

JACK

MCD

QSR

WEN

KeyBanc Capital Markets analyst Eric Gonzalez reiterated an Overweight rating and $310 price target for McDonald's (MCD) despite a 15% year-to-date decline. The decline is attributed to softening global same-store sales trends. However, Gonzalez expects improvement in the second half of the year, driven by initiatives like the $5 meal deal. The value war in the fast-food industry is also noted, with competitors like Wendy's (WEN), Burger King (QSR), and Jack in the Box (JACK) responding to McDonald's aggressive pricing strategies.

Portfolio Pulse from Shanthi Rexaline

May 31, 2024 | 9:31 am

JD

RERE

ATRenew has renewed its business cooperation agreement with JD.com. The partnership will continue to focus on user traffic, technology support, and logistics, aiming to enhance customer experiences in the second-hand market.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 9:04 am

LOOP

Loop Industries and Reed Management have signed a €35 million deal to advance the global commercialization of Loop's Infinite Loop technology.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 8:25 am

GNSS

Genasys has launched an advanced EVAC emergency alert system to enhance public safety in San Diego.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 8:15 am

MA

Mastercard has launched the International Consumer Friendly Zones Program in Shanghai, in collaboration with Ant Group and 12 overseas payment partners of Alipay+. The initiative aims to enhance the travel experience for global travelers and stimulate growth for local businesses in China. The program will support iconic travel spots, commercial areas, airports, and taxis in Shanghai, with plans to expand to 16 major Chinese cities following launches in Beijing, Guangzhou, and Shanghai.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 7:54 am

CLVT

Clarivate has announced a strategic partnership with HealthWise Data to enhance its Real-World Data offering by integrating Social Determinants of Health (SDoH) attributes. This collaboration aims to provide comprehensive patient insights, improving analytical precision in population health outcomes and healthcare equity.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 7:50 am

STM

STMicroelectronics (STM) has announced the establishment of the world's first fully integrated silicon carbide (SiC) facility in Catania, Italy. This new high-volume 200mm SiC manufacturing facility will focus on power devices and modules, including test and packaging. The project involves a multi-year investment of 5 billion euros, with 2 billion euros in support from the State of Italy under the EU Chips Act. The facility aims to support automotive and industrial customers in their transition to electrification and higher energy efficiency.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 7:23 am