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GILD

Gilead Sciences has announced new long-term real-world data from the BICSTaR study, highlighting the safety and efficacy profile of Biktarvy®.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 7:33 am

HNHPF

NVDA

RIDEQ

TSLA

Nvidia Corp. (NVDA) has partnered with Foxconn, the assembler of Apple's iPhone, to accelerate the 'AI industrial revolution'. Foxconn will incorporate Nvidia technology into developing cutting-edge data centers. These data centers will power various applications, including AI-driven electric vehicle and robotics platforms. Foxconn has significant electric vehicle ambitions, recently acquiring Lordstown Motor's Ohio factory. The emergence of AI factories represents a potential challenge to the Gigafactories operated by companies like Tesla Inc (TSLA).

Portfolio Pulse from Shanthi Rexaline

October 19, 2023 | 7:19 am

F

Ford Motor Co is recalling approximately 35,000 Mustang Mach-E vehicles due to a high-voltage battery contractor issue that can lead to overheating and power loss. The company will replace the high-voltage battery junction box in affected vehicles at no cost to the customer. This recall follows an investigation by the National Highway and Traffic Safety Administration into a similar issue that led to the recall of nearly 49,000 Mach-E vehicles in June 2022.

Portfolio Pulse from Anan Ashraf

October 19, 2023 | 6:27 am

DIS

NFLX

Netflix Inc. has raised subscription prices for certain streaming plans in the U.S., U.K., and France, coinciding with a surge in new customer sign-ups. The price adjustments impacted select plans, while the entry-level, ad-supported tier remains at its current price. This decision came in tandem with an increase in new customer sign-ups, propelling the company’s shares up by 13%. Other big streaming companies like Walt Disney Co's Disney+ and HBO Max have also raised their prices.

Portfolio Pulse from Ananya Gairola

October 19, 2023 | 5:39 am

TSLA

During Tesla's Q3 earnings call, the company did not provide any updates on the US release of the upgraded Model 3, known as Highland. The refreshed Model 3, which has a greater range, LED lighting, a rear touchscreen, and a better sound system, is currently available in China, Japan, Malaysia, Australia, Europe, the UK, Ireland, and the Middle East. The US release date remains unknown.

Portfolio Pulse from Anan Ashraf

October 19, 2023 | 5:07 am

TSLA

Tesla CEO Elon Musk has declined to provide updates on the company's humanoid robot Optimus. Musk stated that the company is not ready to discuss details of the Optimus program. During Tesla's Q2 earnings in July, Musk had said that the first Optimus with all Tesla-designed actuators would be operational by November and production would ramp up soon after. However, Musk has now refused to provide any further updates.

Portfolio Pulse from Anan Ashraf

October 19, 2023 | 4:33 am

GM

HMC

Cruise, General Motors (NYSE:GM), and Honda (NYSE:HMC) have announced plans to launch a driverless ride-hail service in Japan. The service, expected to start in early 2026, will be based on the Cruise Origin vehicle, co-developed by GM and Honda. The venture aims to collaborate with various stakeholders, including national and local governments, and transportation service providers in Japan.

Portfolio Pulse from Benzinga Neuro

October 19, 2023 | 4:02 am

TSLA

Tesla Inc (NASDAQ:TSLA) CEO Elon Musk has detailed the 'enormous challenges' the company faces in reaching volume production for its upcoming Cybertruck. Musk stated that it would take a year to 18 months from initial deliveries before the vehicle is a significant positive cash flow contributor. The demand for the vehicle is high, with over a million people having reserved the car. However, Musk warned that the company might not reach its goal of delivering roughly 0.25 million Cybertrucks in a year until 2025.

Portfolio Pulse from Anan Ashraf

October 19, 2023 | 3:45 am

AAPL

Tech analyst Ming-Chi Kuo has reported a potential delay in the mass production of Apple Inc.’s AirTag 2 until 2025. Initially, the second-generation AirTag was speculated to go into mass production by the fourth quarter of 2024. The delay aligns with a broader discussion surrounding the future of AirTag technology, including integration with the Vision Pro headset and Ultra Wideband technology found in iPhone 15 models.

Portfolio Pulse from Ananya Gairola

October 19, 2023 | 3:41 am

META

Meta Platforms Inc. (NASDAQ:META) is expanding its Telegram-inspired broadcast channels to Facebook and Messenger. This move follows the successful implementation of the feature on Instagram and WhatsApp. The broadcast channels will allow content creators to share updates with their audiences. Users can join several broadcast channels on Facebook and Messenger, including Netflix, WWE, and League of Legends.

Portfolio Pulse from Ananya Gairola

October 19, 2023 | 3:21 am