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TSLA

Tesla CEO Elon Musk stated that if Tesla vehicles were as cheap as a Toyota RAV4, no one would buy the Japanese SUV. Musk pointed out that many of the incentives for EVs, including tax credits, are difficult for the average person to access, making Tesla cars more expensive than a RAV4. Despite Tesla cutting prices on its vehicles since the start of 2023, rising interest rates have kept monthly payments relatively stable. Tesla's cheapest Model 3 RWD, even with a tax credit, is priced higher than the 2024 RAV4.

Portfolio Pulse from Anan Ashraf

October 19, 2023 | 10:17 am

SNY

Sanofi has delivered the first medicines from its Global Health Unit's not-for-profit Impact Brand Portfolio to the Republic of Djibouti. The medicine, Enoxaparin Sodium Impact, is an anticoagulant for venous thromboembolism including deep vein thrombosis.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 10:04 am

GTBIF

Green Thumb Industries Inc. has announced the launch of its new, Fast-Acting Pineapple Express Gummies under its cannabis brand, Incredibles. The product will be available at RISE Dispensaries and other retailers throughout Illinois from October 27. The gummies use molecular encapsulation to provide a faster onset period than traditional edibles.

Portfolio Pulse from Jelena Martinovic

October 19, 2023 | 10:01 am

INTC

Indian IT Minister Rajeev Chandrasekhar met with Keyvan Esfarjani, the Global COO of Intel Corporation (NASDAQ:INTC), to discuss opportunities to strengthen the partnership between India and Intel. Topics covered included semiconductors, electronics, AI, global talent needs, research, and infrastructure enhancement. This could signify a potential surge in cooperative efforts between India and Intel, possibly opening up vast opportunities in India's burgeoning tech industry.

Portfolio Pulse from Arpit Nayak

October 19, 2023 | 9:55 am

ARDX

RTO

TSLA

VMW

Several major stocks traded lower in Thursday's pre-market session. Rentokil Initial's shares dipped 12.9% after the company lowered its annual adjusted operating margin forecast. VMware's shares declined 6.8% due to potential delays in Broadcom’s purchase approval by China's State Administration of Market Regulation. Ardelyx's shares fell 6.7% despite FDA approval of XPHOZAH. Tesla's shares declined 5.3% following weaker-than-expected Q3 earnings and sales results. Rollins, Foot Locker, Iovance Biotherapeutics, Nokia, and Aehr Test Systems also recorded losses.

Portfolio Pulse from Lisa Levin

October 19, 2023 | 9:55 am

BNTX

EWJ

MRNA

PFE

Japan is planning to purchase an additional 10 million doses of COVID-19 vaccines from Pfizer and Moderna. This move is expected to boost the country's vaccination drive and potentially benefit the mentioned companies.

Portfolio Pulse from Charles Gross

October 19, 2023 | 8:52 am

AMZN

Amazon Inc. plans to extend its drone delivery service to Britain and Italy by late next year and to a third U.S. state. The company has also introduced a new robotics system “Sequoia” in a Texas logistics center, which can store stock in warehouses up to 75 percent faster, potentially decreasing order processing time by 25 percent. Despite the rise in e-commerce, traditional brick-and-mortar stores still hold 80 percent of retail business. However, analysts predict a shift towards online retail as delivery speed improves.

Portfolio Pulse from Benzinga Neuro

October 19, 2023 | 8:28 am

VRSK

Verisk has announced the addition of a new climate risk dataset to its Sustainability and Resilience Analytics Suite. This move is aimed at helping businesses understand and manage climate-related risks.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 8:18 am

AAPL

Apple Inc. CEO Tim Cook has met with China’s commerce minister Wang Wentao for the second time in 2023, amid concerns of a potential iPhone ban by the Xi Jinping administration. The meeting discussed Apple's operations in China and broader U.S.-China relations. Apple's latest iPhone 15 range has failed to replicate the success of its predecessor in China. Additionally, Apple has protested against new Chinese regulations requiring App Store developers to obtain licenses, but has started to comply. There are reports suggesting the Chinese administration's intention to broaden the iPhone ban, initially targeting government employees, possibly extending to other state-run agencies and government-controlled organizations.

Portfolio Pulse from Ananya Gairola

October 19, 2023 | 8:05 am

EGHT

8x8, Inc. (NASDAQ:EGHT), a cloud contact centre and unified communications platform provider, has announced 8x8 Remote Fix for UK housing associations. The solution, part of 8x8 Contact Centre, uses programmable video capabilities from the 8x8 CPaaS portfolio to allow contact centre agents to use a secure video link to visually address and resolve tenant issues.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 8:02 am