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NIO

China-based electric vehicle maker Nio is planning to spin off its battery manufacturing unit, according to Reuters. The strategic move is aimed at reducing costs and improving efficiency within the company.

Portfolio Pulse from Charles Gross

December 06, 2023 | 9:53 am

AAPL

Anker is set to launch Qi2-compatible wireless chargers that will support 15W fast charging for Apple Inc.'s recent iPhone models, including iPhone 13, 14, and 15. This follows Apple's preview of an upcoming iOS update, which is expected to enable this feature for all Qi2 chargers. Anker's MagGo products will offer charging speeds comparable to Apple's MagSafe chargers, but details such as model numbers, prices, and release dates are yet to be disclosed, with a hinted release in late 2023.

Portfolio Pulse from Benzinga Neuro

December 06, 2023 | 9:50 am

GM

General Motors (NYSE:GM) CEO Mary Barra announced the launch of the next-generation Chevrolet Bolt EV for 2025. The current Chevrolet Bolt model has shown strong sales performance, and GM has invested $391 million in the Fairfax Assembly in Kansas for future EV production, likely the new Bolt. The next-gen Bolt will feature a lithium-iron-phosphate (LFP) battery pack and a non-clean-sheet redesign, marking GM's first use of LFP technology in its North American Ultium platform. GM has overcome previous labor disruptions and reinstated its guidance, expecting full-year 2023 adjusted earnings of $7.20 to $7.70 per share. The company also reported a 5.4% YoY sales growth in Q3 FY23, with revenues of $44.13 billion, beating analyst expectations.

Portfolio Pulse from Benzinga Neuro

December 06, 2023 | 9:27 am

UBER

Uber Technologies Inc (NYSE:UBER) introduces Robot Reindeers for food deliveries and store pickups this Christmas. The service will be available in select U.S. cities, with robot reindeer delivering food in Los Angeles, Miami, and Fairfax. Uber Connect will facilitate store pickups in 1700 cities, and Uber Charter will offer festive buses in major cities. Additionally, a 'Grinchmas kit' will be sold to Uber Eats members for $49.99 starting Dec. 12. The National Retail Federation's survey suggests that despite inflation, holiday spending remains important, indicating potential high demand for Uber's services.

Portfolio Pulse from Anan Ashraf

December 06, 2023 | 8:49 am

WU

Western Union is expanding its retail network in Europe by opening 100 concept stores and company-owned hubs, aiming to enhance customer experience and promote financial inclusion.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 8:13 am

H

Hyatt Hotels Corporation (NYSE:H) announced plans to expand its luxury portfolio with over 35 new hotels and resorts set to open by 2025. These properties will be under various Hyatt brands, including Park Hyatt, Grand Hyatt, Miraval, Alila, Andaz, Thompson Hotels, and The Unbound Collection, as well as Inclusive Collection brands Zoëtry Wellness & Spa Resorts and Dreams Resorts & Spas, targeting highly sought-after global destinations.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 8:05 am

FICO

Leading Indian banks are adopting FICO's cloud platform to improve their decision-making and AI capabilities, which is expected to support their growth. FICO, known for its credit scoring services, provides a platform that can help banks with risk management, fraud detection, and customer management.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 8:04 am

PAC

Grupo Aeroportuario Del Pacifico reported a 0.7% increase in passenger traffic for November 2023 compared to the same month in 2022. However, the number of available seats decreased by 2.5% due to Pratt & Whitney engine revisions on the A320neo and A321neo fleet. Despite this, load factors improved from 80.2% to 82.8%. New routes were added, including Puerto Vallarta to Calgary by Flair, Los Cabos to Victoria by WestJet, and Montego Bay to Denver by United.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 7:33 am

TEVA

Teva Pharmaceutical Industries Ltd. disclosed a new post hoc analysis from Phase 3 studies showing that AJOVY (fremanezumab) is effective and safe in reducing migraine attacks in adults with migraine and co-morbid obesity. The analysis, derived from the HALO-LTS and FOCUS studies, was presented at the 17th European Headache Congress in Barcelona, Spain. Obesity is a significant risk factor for migraines, often leading to increased frequency and severity of attacks.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 7:13 am

NVS

Novartis has received FDA approval for Fabhalta, the first oral monotherapy for adults with Paroxysmal Nocturnal Hemoglobinuria (PNH). The approval is based on the APPLY-PNH trial, which showed patients switching to Fabhalta had significant increases in hemoglobin levels compared to those continuing on anti-C5 treatment. Fabhalta is now available for both previously treated and treatment-naïve patients and addresses a significant unmet need in PNH treatment.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 6:21 am