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AAPL

Steve Hotelling, a top-level executive at Apple Inc. (NASDAQ:AAPL), known for his work on touch-screen technology, health sensors, and Face ID, is rumored to be leaving the company. His departure is part of a larger executive reshuffling at Apple, which has seen about a dozen vice presidents leave in recent years. Hotelling's responsibilities will be taken over by Alan Gilchrist and Wei Chen, overseeing camera and depth sensor teams and display technologies, respectively. This comes as Apple is focusing on its mixed-reality headset Vision Pro and improving the iPhone purchasing experience in stores.

Portfolio Pulse from Ananya Gairola

December 07, 2023 | 7:38 am

TSLA

Tesla Inc (NASDAQ:TSLA) is offering early Cybertruck reservation holders the option to purchase a 'Foundation Edition' vehicle for $120,000, which is 20% higher than the starting price of the premium Cyberbeast variant. The Foundation series will be fully optioned with features like limited-edition badging, all-terrain tires, and full self-driving capability. Deliveries will start in California and Texas, with only 1,000 units expected to be produced. Tesla has begun delivering Cybertrucks from its Texas Gigafactory, with plans to scale up to 250,000 units per year by 2025.

Portfolio Pulse from Anan Ashraf

December 07, 2023 | 7:32 am

ASLE

BA

AerSale Corporation (NASDAQ:ASLE) has received FAA approval for its 'AerAware™' Enhanced Flight Vision System (EFVS) for the Boeing B737NG product line. This approval could lead to increased adoption of AerAware™ by airlines operating B737NG aircraft, potentially boosting AerSale's business in aviation products and services.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 6:58 am

AAGR

VCXA

10X Capital Venture Acquisition Corp. II (VCXA) has successfully merged with African Agriculture, targeting the $21 billion global alfalfa market. The merged entity, now named African Agriculture, will trade on the Nasdaq Global Market under the ticker 'AAGR' starting December 7, 2023. CEO Alan Kessler will ring the Nasdaq Opening Bell to celebrate the public trading debut, marking African Agriculture as the first pure-play U.S.-listed agriculture company operating in Africa.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 6:52 am

IPSEY

The U.S. FDA has granted priority review for Ipsen's new drug application for elafibranor, aimed at treating the rare cholestatic liver disease PBC. The PDUFA date is set for June 10, 2024. Additionally, the EMA has validated the MAA for elafibranor, marking it as the first novel second-line treatment for PBC filed in the E.U. and U.S. in nearly a decade.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 6:45 am

MAR

Marriott International has reached a significant milestone with the opening of its 500th luxury hotel, The St. Regis Riyadh. Tina Edmundson, President of Luxury at Marriott, highlighted the company's commitment to providing exclusive destinations and exceptional guest experiences, setting the standard for future luxury travel.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 6:37 am

F

TSLA

Ford's Mustang Mach-E is unlikely to qualify for EV tax credits starting next year, while the eligibility of the F-150 Lightning is under review. The Biden administration's new guidance aims to reduce Chinese content in batteries, affecting tax credit eligibility. Tesla's Model 3 RWD and Long Range tax credits will be halved next year, but other Tesla EVs are not expected to see a reduction in tax credits.

Portfolio Pulse from Anan Ashraf

December 07, 2023 | 6:26 am

AAPL

First responders in Los Angeles County have praised Apple Inc.'s (NASDAQ:AAPL) iPhone Emergency SOS via satellite feature, calling it a 'complete game-changer' for emergency situations. The feature has been credited with improving emergency response times and saving lives by providing immediate notifications and precise location data to rescue teams. The feature, available in the iPhone 14 lineup, allows users to send SOS messages without cellular or WiFi coverage and has been instrumental in several rescues, including in remote Alaska and during Canadian wildfires.

Portfolio Pulse from Ananya Gairola

December 07, 2023 | 5:23 am

AMD

AVGO

CHWY

MLGO

TSLA

On Wednesday, U.S. stocks saw a decline, with the Dow Jones, NASDAQ, and S&P 500 all falling. MicroAlgo Inc. experienced a significant surge of 295.87% after announcing a collaboration to support semiconductor industry growth. AMD's stock slightly declined despite introducing a new AI chip. Chewy's shares rose after an earnings report showing mixed results but market share gains. Broadcom's stock decreased slightly ahead of an expected strong earnings report. Tesla saw a marginal increase in stock price despite a drop in U.K. vehicle registrations.

Portfolio Pulse from Benzinga Neuro

December 07, 2023 | 4:51 am

TSLA

Tesla Inc (NASDAQ:TSLA) has introduced two fully autonomous drones named 'Pathfinder' and 'Opportunity' at its Berlin Gigafactory. These drones are capable of counting up to 12,000 pallets each per day. The drones are named after Mars rovers, aligning with CEO Elon Musk's vision of Mars colonization through SpaceX. The drones resemble the 'inventAIRy XL' model by RAWview, designed for stock-taking in warehouses.

Portfolio Pulse from Anan Ashraf

December 07, 2023 | 4:12 am