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BMW CFO, Walter Mertl, has expressed concern over the European Union's investigation into subsidies for EVs manufactured in China, warning that it could trigger retaliatory actions from Beijing. This could potentially affect BMW's sales in China and its exports to Europe. Despite this, Mertl remains optimistic about BMW's Q3 results and confirmed a surge in EV sales. However, he acknowledged ongoing supply chain issues.

Portfolio Pulse from Shivani Kumaresan

October 06, 2023 | 3:33 pm

XRPUSD

Benzinga's Future of Digital Assets conference is set to take place on Nov. 14 in New York. The event will feature discussions on the future of cryptocurrencies, the value of crypto and blockchain, crypto compliance and regulation, and the impact of blockchain beyond finance. Speakers include representatives from Franklin Templeton Digital Assets, Bakkt, TradeStation Group Inc., Crypto Council for Innovation, Chamber of Digital Commerce, Aventus, Heathrow Airport, Vodafone, Algorand Foundation, Truist Ventures, Ripple, Google Cloud, Grayscale Investments, Public, and Kartoon Studios.

Portfolio Pulse from Murtuza Merchant

October 06, 2023 | 3:31 pm

AAPL

Apple Inc. has successfully fixed the overheating issue in iPhone 15 Pro with the iOS 17.0.3 update, as confirmed by thermal imaging. The update has not impacted the performance of the device, averting a potential crisis. The iPhone 15 Pro had faced criticism for reaching temperatures as high as 118 degrees Fahrenheit.

Portfolio Pulse from Rounak Jain

October 06, 2023 | 3:10 pm

AMZN

Medterra, a maker of hemp-derived CBD products, has announced its official launch on Amazon's platform. This move is expected to provide customers with easier access to Medterra's premium hemp products. To celebrate the launch, Medterra will participate in Amazon Prime Day Promotions on October 10 and 11, offering special deals and discounts on a range of its products.

Portfolio Pulse from Jelena Martinovic

October 06, 2023 | 2:55 pm

ALSN

Allison Transmission Holdings Inc (ALSN) has launched eGen Power 85S axles, a new addition to its fully electric axles family. The product will be integrated into Isuzu Novo VOLT fully electric buses, marking the first time an eGen Power e-Axle has been used in a midi bus application. In August, ALSN secured a contract from Mack Trucks for its 4500 Rugged Duty Series (RDS). As of June 30, 2023, the company's cash and equivalents stood at $351 million.

Portfolio Pulse from Lekha Gupta

October 06, 2023 | 2:53 pm

MDLZ

Mondelez International Inc's (MDLZ) shares are trading lower by 5.6% due to potential impact of weight-loss drugs on food sales as suggested by Walmart. The shift towards health-consciousness and weight management could reduce demand for snacks and treats produced by Mondelez. Rising yields could also negatively impact dividend stocks like Mondelez, leading to a potential shift of investments away from such stocks.

Portfolio Pulse from Henry Khederian

October 06, 2023 | 2:40 pm

GOOG

GOOGL

Google Japan, a subsidiary of Alphabet Inc., has developed a DIY keyboard cap that can be worn and used to type. The design and blueprints for the Gboard hat have been published on GitHub, allowing anyone to create their own using a 3D printer or simpler materials. The hat is not currently available for purchase, but Google has hinted at considering diverse designs for different occasions.

Portfolio Pulse from Rounak Jain

October 06, 2023 | 2:38 pm

SONY

Sony Group Corp has announced a new app, Sony Pictures Core, for PlayStation 4 and 5 consoles. The app will offer PlayStation Plus Premium and Deluxe members access to a selection of Sony Pictures Entertainment films, with the option to purchase or rent up to 2,000 Sony films directly from their consoles. The app will also have an 'early access' window for exclusive movie releases. More benefits for PlayStation Plus members are expected, including the inclusion of anime content from Crunchyroll.

Portfolio Pulse from Franca Quarneti

October 06, 2023 | 2:26 pm

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UBER

The article discusses various regulatory, financial, and operational updates from multiple companies. Key points include potential delays in the PGA Tour and LIV Golf merger due to regulatory concerns, Snap Inc facing UK regulatory hurdles over privacy concerns, Philips' ventilator device recall facing FDA's discontent, Micron's $15B investment in a new Idaho facility, Novo Nordisk's weight loss drugs posing serious stomach risks, Shell revising its Q3 FY23 operational outlook, MGM Resorts expecting a $100M blow from a recent cybersecurity breach, GSK cutting stake in Haleon, TSMC's earnings fueled by AI demand, Netflix's growth issues in India, Uber facing legal hurdles in EU, ConAgra considering a makeover in portion sizes amid diet drug wave, PayPal facing a class-action suit accused of forcing higher price, Nvidia, Intel, Qualcomm challenging Biden's China restrictions, and Microsoft nearing the completion of Activision Blizzard acquisition.

Portfolio Pulse from Vandana Singh

October 06, 2023 | 2:05 pm

MRUS

Merus has announced that its abstracts have been accepted for presentation at the ESMO Asia Congress 2023. The presentations will focus on MCLA-129 in combination with osimertinib in treatment naïve, and after progression on osimertinib, non-small cell lung cancer and MCLA-129 in previously treated head & neck squamous cell carcinoma.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 1:33 pm