Streetbeat News

Products Services

META

Meta Platforms Inc. (NASDAQ:META) has updated WhatsApp to make managing voice chats for large groups easier. The new feature allows users to join ongoing group voice chats, similar to Twitter Spaces or Clubhouse, and is available on the latest versions of WhatsApp for iOS and Android. It provides silent notifications for voice chats in groups with 33 to 128 members and is accessible only on the primary device linked to a user's WhatsApp account.

Portfolio Pulse from Rounak Jain

November 14, 2023 | 9:36 am

RIVN

TSLA

Rivian Automotive, Inc. (RIVN) plans to raise $15 billion through a bond offering to fund its new Georgia plant, which will manufacture its next-gen R2 EVs. The company has entered into agreements with the Joint Development Authority of several Georgia counties for the project, committing to a minimum of $300 million in property tax payments through 2047. Rivian aims to compete with Tesla (TSLA) in the $45,000-$50,000 EV price category. The company recently announced a $1.5 billion convertible green note offering and reported $9.13 billion in cash and equivalents at the end of the September quarter.

Portfolio Pulse from Shanthi Rexaline

November 14, 2023 | 9:05 am

FSR

Fisker Inc (NYSE:FSR) CEO Henrik Fisker reported that the company's revised pricing strategy for the high-end trim of its Ocean SUV is effective, with increased consumer interest in the Extreme trim following a price cut. Fisker lowered the price of the Ocean Extreme by $7,500 to $61,499, while raising prices for the Ultra and Sport trims. Despite not qualifying for the IRA tax discount, Fisker sees strong demand in the U.S. and competitive pricing in Europe due to lower logistics costs. The company reported Q3 revenue of $71.8 million and a reduced loss per share of 27 cents. However, Fisker has lowered its 2023 production forecast to 13,000-17,000 vehicles from the previous estimate of 20,000-23,000.

Portfolio Pulse from Anan Ashraf

November 14, 2023 | 8:45 am

DOCU

META

DocuSign, known for e-signature and intelligent agreements, has announced the launch of WhatsApp Delivery. This feature integrates WhatsApp with DocuSign eSignature, enabling users to receive real-time notifications and sign agreements quickly and securely through the popular messaging platform.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 8:10 am

AMD

AMD announced the new Ryzen Embedded 7000 Series processor family at Smart Production Solutions 2023, designed for high-performance industrial automation, machine vision, robotics, and edge servers. The processors feature 'Zen 4' architecture and integrated Radeon graphics, aiming to deliver unprecedented performance and functionality for the embedded market.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 8:10 am

AAPL

A UK shopper ordered an iPhone 15 Pro Max from Apple's official website but received an Android clone instead. The clone had a similar design and an iOS-like skin, but differences such as a pre-installed screen protector, non-OLED display, and a chin at the bottom revealed it was fake. The incident raises concerns about potential widespread scams and the risk of personal data theft.

Portfolio Pulse from Rounak Jain

November 14, 2023 | 8:06 am

JAZZ

Autifony Therapeutics has signed an exclusive global licensing agreement with Jazz Pharmaceuticals, worth up to $770.5 million, to develop and commercialize treatments for neurological disorders.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 7:20 am

ABSI

Absci Corporation (NASDAQ:ABSI) has partnered with Almirall S.A. to develop AI-designed therapeutics for dermatological diseases. Absci will use its generative AI technology to create treatments for two targets, with potential earnings of up to $650 million in royalties and milestone payments.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 7:19 am

MOLN

Molecular Partners, a biotech company, is set to present its advancements in DARPin oncology at the Protein & Antibody Engineering Summit Europe. This presentation could highlight the company's progress in developing novel cancer treatments using its proprietary DARPin platform.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 7:06 am

RIVN

Rivian Automotive Inc (NASDAQ:RIVN) released an incorrect over-the-air software update, causing issues for some drivers, including vehicles being stranded or infotainment systems failing. The company acknowledged the mistake and is working on reaching out to affected customers for service, which may include physical repairs. The impact of the error on customer experience and vehicle functionality has led to varied customer reactions on social media.

Portfolio Pulse from Anan Ashraf

November 14, 2023 | 6:55 am