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GMAB

PFE

The European Medicines Agency has accepted for review the Marketing Authorization Application for Genmab and Pfizer's Tisotumab Vedotin, aimed at treating recurrent or metastatic cervical cancer that has progressed after systemic therapy.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 11:47 am

GM

General Motors Co (NYSE:GM) CEO Mary Barra announced during the 2023 earnings call the company's plan to incorporate plug-in hybrid technology into select North American vehicles, alongside its commitment to eliminate tailpipe emissions from light-duty vehicles by 2035. Despite focusing on pure electric vehicles (EVs) for 2024, GM acknowledges the slowed pace of EV growth and is prepared to adjust production based on customer demand. The company had previously withdrawn its EV production target of 400,000 units for the period from 2022 to the first half of 2024.

Portfolio Pulse from Anan Ashraf

February 02, 2024 | 11:44 am

XOM

ExxonMobil announced its new MobilTM Lithium business, aiming to become a leading lithium producer for the EV market. The company plans to start production in southwest Arkansas by 2027, with a goal to supply lithium for 1M EVs per year by 2030. Their production approach promises fewer environmental impacts than traditional mining.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 11:34 am

BP

BP PLC (NYSE:BP) evacuated its Whiting, Indiana refinery due to a transformer failure causing a plant-wide power outage. The incident led to a shutdown of the 435,000 barrel-per-day facility, sparking fears of fuel supply shortages. The outage pushed up gasoline and diesel prices in the area and lowered Canadian crude prices. BP's shares traded 0.51% lower at $34.95 in premarket trading on Friday.

Portfolio Pulse from Lekha Gupta

February 02, 2024 | 11:26 am

ELF

E.L.F. Beauty has introduced its first beauty shopping experience for Apple Vision Pro, utilizing a VisionOS app developed by Obsess. This multi-sensory, immersive application aims to enhance the shopping experience for users.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 11:09 am

TSLA

Tesla Inc (NASDAQ:TSLA) is recalling approximately 2.2 million vehicles, including the Cybertruck, due to concerns over reduced visibility of key safety information caused by a smaller font size on the instrument panel for warning lights. The recall encompasses all of Tesla's models such as the Model 3, Model Y, Model X, and Model S sedans and SUVs.

Portfolio Pulse from Anan Ashraf

February 02, 2024 | 11:07 am

REGN

Regeneron announced that the European Medicines Agency (EMA) has accepted for review the marketing authorization application for Linvoseltamab, aimed at treating relapsed/refractory multiple myeloma. This step is crucial for Regeneron as it seeks to expand its treatment portfolio in the European market.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 11:02 am

AMZN

HD

PLUG

WMT

Plug Power, Inc. (NASDAQ:PLUG) shares rose nearly 4% in premarket trading after announcing the first fill of a Plug tanker with liquid green hydrogen produced at its Woodbine, Georgia plant. The hydrogen will fuel forklifts at Walmart Inc. (NYSE:WMT), Amazon.Com, Inc. (NASDAQ:AMZN), and Home Depot, Inc. (NYSE:HD) sites. The Georgia facility, with the largest PEM electrolyzer deployment in the U.S., has a daily capacity of 15 tons of liquid green hydrogen, serving customers in the eastern U.S.

Portfolio Pulse from Nabaparna Bhattacharya

February 02, 2024 | 10:58 am

AMD

INTC

NVDA

AMD President Victor Peng emphasized the importance of AI-powered PCs in competing with Nvidia and Intel. He believes AMD is well-positioned in the AI PC market, which is expected to grow significantly, with 60% of PCs being AI-capable by 2027. Despite AMD's focus on AI, its stock fell after Q4 results. Intel and Nvidia are also advancing in AI, with Intel launching Core Ultra chips and Nvidia announcing new GPUs for AI applications. Goldman Sachs maintains a Buy rating on AMD, raising its price target.

Portfolio Pulse from Benzinga Neuro

February 02, 2024 | 10:45 am

TSLA

Tesla is initiating a recall for some of its Cybertruck vehicles due to the incorrect font size used on warning lights, as reported by Reuters citing the National Highway Traffic Safety Administration (NHTSA).

Portfolio Pulse from Charles Gross

February 02, 2024 | 10:45 am