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NIO

TSLA

Chinese EV battery maker CATL is closing in on LG as the world's top EV battery supplier, with its market share increasing significantly. The company powers Tesla and NIO's product lines and expects to triple its profits in Q3. Despite having no international stock market presence, CATL is on track to become the largest global supplier of EV battery parts. The company has seen a 111% jump in battery supplies, mostly to Tesla, Nio, Mercedes-Benz, Volvo, and SAIC Motor Corp. CATL is also in talks with Hyundai and Kia for potential deals.

Portfolio Pulse from Daniel Harrison

October 19, 2023 | 5:46 pm

KTB

Goldman Sachs analyst Brooke Roach has upgraded Kontoor Brands Inc (KTB) from Neutral to Buy and raised the price target from $51 to $56. The upgrade is based on KTB's strong execution, investments in marketing and product, and significant market share gains over recent quarters. The analyst expects further share gains supported by product diversification, value-based market positioning, and attractive end-market exposure. There is also potential for growth in Direct-to-Consumer (DTC) globally and in China as KTB builds the Wrangler brand.

Portfolio Pulse from Shivani Kumaresan

October 19, 2023 | 5:41 pm

EA

MSFT

TTWO

UBSFF

WBD

September 2023 saw lower launch sales for big-name video games in Europe, according to Game Sales Data. Electronic Arts' EA Sports FC 24 saw a 10% decline in launch sales compared to FIFA 23. Take-Two Interactive Software's NBA 2K24's sales were down 17% compared to NBA 2K23. Microsoft's Starfield faced a 13% drop in Europe compared to Forza Horizon 5's sales in 2021. Warner Bros. Discovery's Mortal Kombat 1 saw a 39% decline compared to Mortal Kombat 11. Ubisoft Entertainment's The Crew Motorfest saw a 6.5% increase in launch sales compared to The Crew 2.

Portfolio Pulse from Franca Quarneti

October 19, 2023 | 5:13 pm

NDAQ

Bill Dague, head of Alt Data Research for Nasdaq Inc (NASDAQ:NDAQ) and Quandl, will be a speaker at Benzinga's Fintech Deal Day & Awards on Nov. 13. Dague, who built Nasdaq's first machine learning product, Trading Insights, and its alternative data platform, Nasdaq Analytics Hub, will discuss 'Building Products for an Evolving Investment Landscape.'

Portfolio Pulse from Khyathi Dalal

October 19, 2023 | 4:43 pm

BA

Boeing Company (NYSE:BA) has expedited the delivery of 1,800 Joint Direct Attack Munition (JDAM) kits to Israel, stemming from a 2021 Direct Commercial Sale valued at about $735 million. The delivery was accelerated due to recent Hamas attacks on Israel. The sale was controversial when Congress was notified of it, with some members moving to block the proposed sale in protest over Israeli attacks in Gaza.

Portfolio Pulse from Shivani Kumaresan

October 19, 2023 | 4:43 pm

MYMD

MyMD Pharmaceuticals, Inc. (NASDAQ:MYMD) announced positive results from a preclinical study of its investigational cannabinoid Supera-CBD, which showed potential in alleviating acute inflammatory pain. The study found that Supera-CBD targeted and reduced inflammatory pain within 60 minutes, providing relief for up to five hours. The U.S. Department of Justice Drug Enforcement Administration (DEA) concluded that Supera-CBD will not be considered a controlled substance or listed chemical under the Controlled Substances Act (CSA). Following the announcement, MyMD Pharmaceuticals’ shares traded 4.4139% higher at $0.44 per share.

Portfolio Pulse from Jelena Martinovic

October 19, 2023 | 4:31 pm

MSFT

SONY

Sony Group Corp is banking on the release of Marvel's Spider-Man 2 to boost its PlayStation 5 (PS5) sales this year. The game, developed by Sony's Insomniac Games, is expected to drive sales, especially as it will be available in a bundle with the console. Sony aims to sell 25 million PS5s this fiscal year. Meanwhile, Microsoft Corp has completed the acquisition of Activision Blizzard Inc, a key partner of Sony.

Portfolio Pulse from Anusuya Lahiri

October 19, 2023 | 4:16 pm

VZ

Brian Higgins, Chief Customer Experience Officer at Verizon, has started a panel discussion titled 'The AI Advantage: How Customer Driven Innovation Is Just Beginning'.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 4:03 pm

MA

Mohamed Abdelsadek, Executive Vice President, Data, Insights & Analytics at Mastercard, has started a panel discussion titled 'The AI Advantage: How Customer Driven Innovation Is Just Beginning'.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 4:03 pm

SABS

SAB Biotherapeutics has received approval from Australian authorities to commence the Phase 1 clinical trial of SAB-142. This news has led to an increase in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 3:58 pm