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Excelerate Energy and Petrobangla have signed a long-term LNG sale and purchase agreement. Under the agreement, Petrobangla will purchase 0.85 to 1.0 million tonnes per annum (MTPA) of LNG from Excelerate for a term of 15 years starting from January 2026.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 11:01 am

ADBE

Adobe Inc. (NASDAQ:ADBE) is selling AI-generated images depicting the Israel-Hamas conflict on its stock image service, Adobe Stock. This has raised concerns over the authenticity and ethics of digital media. The AI images are often indistinguishable from real photographs, potentially leading to misinformation. Adobe has responded by stating that all AI content on their platform is clearly labeled and they are combating misinformation through initiatives like the Content Authenticity Initiative. AI images are generating significantly higher revenue than traditional photographs on Adobe Stock.

Portfolio Pulse from Benzinga Neuro

November 08, 2023 | 10:15 am

TSLA

Tesla Inc. has started delivering the upgraded Model 3 in China, with initial handovers in Shenzhen, Beijing, and Jiaxing. This follows recent speculations about a high-performance 'Plaid' version of the Model 3, which could impact Tesla's market positioning in the competitive electric vehicle segment.

Portfolio Pulse from Benzinga Neuro

November 08, 2023 | 10:09 am

AMBA

F

Canopy, a smart vehicle security startup backed by ADT and Ford, has chosen Ambarella's CV25 AI computer vision system-on-chip (SoC) for its flagship Canopy Pickup Cam system. The system provides real-time monitoring and threat detection for truck beds and is compatible with most pickup trucks. It began shipping to customers on October 30th.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 10:04 am

DRRX

Durect Corporation's Phase 2B AHFIRM trial of Larsucosterol in Alcohol-Associated Hepatitis did not achieve statistical significance for either dose on the primary endpoint of mortality or transplant at 90 days.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 9:36 am

GM

General Motors' autonomous vehicle subsidiary, Cruise, has issued a recall for a subsystem within 950 of its automated driving systems due to its role in a recent accident. The subsystem may cause the autonomous vehicle to pull over when it should remain stationary. This issue was identified following an incident on Oct. 2, 2023, where a Cruise AV made contact with a pedestrian.

Portfolio Pulse from Anan Ashraf

November 08, 2023 | 9:32 am

RIVN

TSLA

Rivian Automotive (RIVN) reported strong Q3 results, exceeding Wall Street expectations, and raised its production outlook for the year. The company's R2 electric vehicle platform was a key focus during the earnings call. The R2, expected to be Rivian's first global offering, is set to be more compact and available at a lower price point, potentially disrupting Tesla's (TSLA) hold on the $45K-$50K EV market. Production of the R2 platform is set to commence in 2026.

Portfolio Pulse from Shanthi Rexaline

November 08, 2023 | 9:11 am

HTOO

Fusion Fuel (NASDAQ:HTOO) has secured a sales contract with a Portuguese energy company for a 1.25 MW HEVO-Chain Series NC electrolyzer. The system will use Fusion Fuel's HEVO™ technology to deliver green hydrogen solutions. The project, funded by the European Commission, aims to produce, store, and distribute green hydrogen for the transport sector in northern Portugal and is expected to be operational by the end of 2024.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 9:01 am

LCID

Lucid Group Inc (NASDAQ:LCID) is facing scaling issues in Saudi Arabia, which is affecting its delivery numbers. The company had planned to deliver more vehicles in Saudi Arabia in Q3, but scaling up took longer than expected. Lucid has a purchase agreement to sell up to 100,000 vehicles to the Saudi government over the next 10 years. The company is now aiming to scale deliveries in Q4. It has already manufactured 700 EVs and shipped them to Saudi Arabia for final assembly.

Portfolio Pulse from Anan Ashraf

November 08, 2023 | 8:48 am

AAPL

Apple Inc. has released a new update, iOS 17.1.1, to address critical bugs, including a wireless charging issue affecting iPhone 15 users with certain car models, notably BMW. The bug disabled NFC functions such as Apple Pay and the BMW digital car key feature. The update also includes other software enhancements across Apple's ecosystem.

Portfolio Pulse from Benzinga Neuro

November 08, 2023 | 8:42 am