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DHR

Danaher Corporation has initiated a collaboration with Johns Hopkins University through the Danaher Beacon for Brain Injury Diagnostics project, focusing on the early and precise identification of mild Traumatic Brain Injury (TBI) using new blood-based biomarkers and Beckman Coulter Diagnostics' sensitive technology. This method may also be applicable to diagnosing other neurological conditions.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 12:00 pm

AAPL

SSNLF

Industry speculation suggests that Apple may partner with Samsung Display to develop foldable displays, according to a report by DigiTimes. This potential partnership could signal Apple's entry into the foldable device market, leveraging Samsung Display's expertise in the area.

Portfolio Pulse from Charles Gross

May 09, 2024 | 11:48 am

LI

NIO

XPEV

Nio, Inc. (NASDAQ:NIO) stock surged in premarket trading despite weak U.S. index futures, attributed to the announcement of its new subsidiary brand ONVO and its first model L60, aimed at the low-end market. The L60 is set to compete with Tesla's Model Y. Additionally, Nio celebrated the production of its 500,000th mass-market vehicle. Positive momentum was also supported by China's better-than-expected April trade data. Nio's domestic counterparts, XPeng, Inc. (NYSE:XPEV) and Li Auto, Inc. (NASDAQ:LI), also experienced premarket gains.

Portfolio Pulse from Shanthi Rexaline

May 09, 2024 | 11:48 am

SLND

Southland has been awarded a $202M project to construct the Bull Run Filtration Facility, aimed at providing safe drinking water to nearly one million residents in Multnomah, Clackamas, and Washington counties. The project includes extensive construction work and will be added to the Q2 2024 backlog.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 11:45 am

BCRX

BioCryst Pharmaceuticals presented new real-world evidence demonstrating significant reductions in healthcare resource utilization among patients with Hereditary Angioedema (HAE) following the initiation of Orladeyo (Berotralstat). This suggests that Orladeyo is effective in managing HAE, potentially leading to lower healthcare costs and improved patient outcomes.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 11:41 am

TSLA

Tesla Inc (NASDAQ:TSLA) is experiencing a significant inventory buildup in Europe, as satellite images reveal thousands of Teslas parked at the Neuhardenberg airfield near Berlin, likely unsold vehicles from the Berlin Gigafactory. This situation highlights a broader slowdown in the EV market, with Tesla's global vehicle inventory increasing by 87% to 28 days of supply in Q1, as global deliveries fell by 8.5% year-on-year to 386,810 vehicles. Tesla's financials have been impacted, with Q1 revenue dropping to $21.3 billion from $23.33 billion a year earlier, and net profit decreasing by 55% to $1.13 billion. Tesla's stock has also been affected, closing 1.7% lower on a recent Wednesday and down nearly 30% year-to-date.

Portfolio Pulse from Anan Ashraf

May 09, 2024 | 11:39 am

AFRM

Affirm Holdings Inc's CEO, Max Levchin, highlighted the company's heavy investment in AI chatbots, favored by Gen Z for customer service, during an earnings call. Levchin noted the chatbots' popularity for quick queries and their role in scaling customer service efficiently. He also mentioned a successful test of an AI-based assistant, resulting in less than 40% of users needing human assistance. The move aligns with broader trends of AI integration across sectors to enhance customer service and operational efficiency.

Portfolio Pulse from Benzinga Neuro

May 09, 2024 | 11:32 am

TFX

Teleflex, a global provider of medical technologies, has announced the launch of the Arrow EZ-IO Intraosseous Access Procedure Tray, aimed at enhancing the efficiency and safety of intraosseous access procedures. This new product is expected to support healthcare professionals by providing a comprehensive set of tools necessary for these critical procedures.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 11:27 am

INSM

Insmed has reiterated its 2024 global revenue guidance for ARIKAYCE, projecting sales between $340 million and $360 million. This forecast suggests a 15% year-over-year growth compared to 2023.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 11:24 am

IQ

iQIYI reported a 12% sequential increase in total viewing time during the May Day holiday period compared to the previous period, indicating strong viewer engagement across multiple genres such as drama series, films, variety shows, and sports programming.

Portfolio Pulse from Charles Gross

May 09, 2024 | 11:22 am