Streetbeat News

Products Services

LLY

NVO

Novo Nordisk CEO Lars Fruergaard Jorgensen expressed optimism about the prolonged patient adherence to the obesity drug Wegovy at the JPMorgan Healthcare conference. He cited data showing a 40% adherence rate after a year, surpassing older medications. Novo Nordisk and Eli Lilly are leaders in the weight loss drug market, which could be worth $100 billion by 2030. Jorgensen welcomed competition and mentioned the approval of Eli Lilly's Zepbound. Novo Nordisk is also exploring oral treatments, with a once-daily weight-loss pill showing promise in trials. NVO shares saw a slight increase in premarket trading.

Portfolio Pulse from Vandana Singh

January 10, 2024 | 11:43 am

LMT

Lockheed Martin Corporation (NYSE:LMT) and SpaceX are facing development challenges, causing NASA to delay its Artemis moon program to 2026. The first astronaut lunar landing in 50 years is now scheduled for September 2026, a year later than planned. The delays are due to issues with Orion's heat shield, spacecraft batteries, and electrical system. SpaceX still has to complete a list of tasks, including demonstrating the ability to dock and refuel with 'tanker' Starships in orbit. LMT shares are trading higher by 0.35% to $457.90 in premarket.

Portfolio Pulse from Nabaparna Bhattacharya

January 10, 2024 | 11:12 am

BWA

BorgWarner, a global product leader in clean and efficient technology solutions for combustion, hybrid, and electric vehicles, has agreed to form a joint venture with Shaanxi Fast Auto Drive Group, a leading supplier of commercial vehicle parts in China. The joint venture, which specializes in transmission and drivetrain systems, is expected to commence in the first quarter of 2024.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 11:08 am

LZM

Lifezone Metals Limited (NYSE:LZM) has completed funding for Phase 1 of a joint venture with Glencore plc's subsidiary for a platinum group metals recycling project. Both companies have contributed $1.5 million each for a pilot project in Perth, Australia, with Phase 1 expected to finish by the first half of 2024. The project utilizes Lifezone Metals' Hydromet technology and aims to construct a commercial-scale PGM recycling facility in the US following the pilot's success.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 11:05 am

TSLA

Tesla, Inc. (NASDAQ:TSLA) saw its stock rise in Wednesday's premarket session after a decline in the previous session. The increase is attributed to positive index futures and the North American debut of Tesla's new Model 3 EV. The updated Model 3, with improved range and features, is now available in North America with prices starting at $38,990. Despite mixed reviews from its initial release in China and other regions, Tesla's Head of Investor Relations, Martin Viecha, praised the new model's enhancements. Tesla met its 1.8 million-unit delivery goal for 2023, and the impact of the new Model 3 on 2024 sales remains to be seen. In premarket trading, Tesla's stock increased by 0.53% to $236.20.

Portfolio Pulse from Shanthi Rexaline

January 10, 2024 | 11:05 am

KBR

KBR, Inc. has secured a contract to provide technology licensing and proprietary engineering design for a new 1.1 million tonnes per annum ammonia plant on the US Gulf Coast. The plant is designed to capture carbon, thereby reducing its carbon footprint, while also aiming to maximize yields.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 11:04 am

LODE

Comstock Mining Inc. has received a new Class II Air Quality Operating Permit from the Nevada Division of Environmental Protection for its solar panel recycling facility. This permit is a significant step in the company's expansion into the solar panel recycling business, which is expected to enhance its environmental responsibility profile and potentially its financial performance.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 11:03 am

VFS

VinFast Auto has announced the US launch of the DrgnFly electric bike at CES 2024, with prices starting at $2,800 and a two-year unlimited mileage warranty. The bike is also expected to debut globally soon.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 11:02 am

META

Meta Platforms Inc. CEO Mark Zuckerberg has embarked on a personal project raising cattle fed on macadamia nuts and beer at his $100M ranch in Hawaii. He aims to produce high-quality beef with the help of his daughters. While some Instagram users praised the initiative, others criticized it for being wasteful and environmentally harmful. Zuckerberg's ranch has previously been controversial among locals due to land acquisition lawsuits and its secretive nature.

Portfolio Pulse from Rounak Jain

January 10, 2024 | 10:43 am

AMBA

Ambarella has introduced a new comprehensive Edge AI Developer Platform, which is designed to facilitate the development of AI applications at the edge. This platform aims to provide developers with the tools and resources needed to create and deploy AI solutions efficiently. The launch of this platform could potentially enhance Ambarella's position in the AI market by attracting more developers to its ecosystem and by enabling the creation of innovative AI applications.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 10:01 am