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Toyota Motor Corp. (NYSE:TM) has entered into a long-term agreement with LG Energy Solution for the supply of batteries for its upcoming US-assembled electric vehicles (EVs). The deal, which will take effect in 2025, will see LG Energy Solution provide Toyota with 20 GWh of battery modules annually. LG Energy Solution will invest approximately $3 billion into its facility in Michigan to establish dedicated EV battery production lines for Toyota.

Portfolio Pulse from Benzinga Neuro

October 05, 2023 | 6:52 am

IPHA

The FDA has placed Innate Pharma's Lacutamab IND trials on partial hold due to a severe adverse reaction. The final data from the Phase 2 TELLOMAK trial is expected in Q4 2023.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 6:40 am

NVO

WMT

Walmart Inc. has reported a 'slight pullback' in food demand due to the popularity of appetite-suppressing medications such as Ozempic and Wegovy, manufactured by Novo Nordisk A/S. The company is analyzing sales trends using anonymized shopper data to evaluate purchase changes amongst individuals using these drugs. Walmart sells GLP-1 drugs, including Ozempic, in its pharmacies and reported increased revenue from these drugs in August.

Portfolio Pulse from Benzinga Neuro

October 05, 2023 | 6:04 am

CCS

Century Communities, Inc. (CCS) has announced that its Century Complete brand is now selling at Palmetto Point in Williamston, South Carolina.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 5:49 am

YUM

Taco Bell, a subsidiary of Yum! Brands (NYSE:YUM), is celebrating National Taco Day by reintroducing its Taco Lover’s Pass and launching a new menu item, Toasted Breakfast Tacos. The Taco Lover’s Pass, available via the Taco Bell app, allows fans to claim a range of tacos each day for a 30-day period. The company is also offering 100 free Taco Lover’s Passes to its most engaged Rewards Members. An advertising campaign for the new breakfast item is set to launch on Oct. 17.

Portfolio Pulse from Benzinga Neuro

October 05, 2023 | 3:49 am

AAPL

GOOG

GOOGL

Apple Inc. has released the iOS 17.0.3 update to address the overheating issue reported by several users of its iPhone 15 series. The update provides essential bug fixes and security updates. The overheating problem was attributed to improperly configured apps, bugs in the iOS operating system, and the initial setup period. Meanwhile, Alphabet Inc.’s Google launched its latest smartphones, Pixel 8 and Pixel 8 Pro, along with Pixel Watch 2. The Pixel 8 Pro has the second brightest smartphone display globally and Google has extended its software support for the Pixel 8 series to seven years.

Portfolio Pulse from Ananya Gairola

October 05, 2023 | 3:43 am

KIMTF

TSLA

Kia (OTC:KIMTF) is set to unveil three new electric vehicle models at their EV Day event in South Korea on October 12. The event will provide details on Kia’s EV lineup, including the EV5, an electric SUV aimed to rival Tesla Inc.’s (NASDAQ:TSLA) Model Y in China. Kia aims to sell 1.6 million EVs annually by 2030, with 15 new electric models by 2027.

Portfolio Pulse from Benzinga Neuro

October 05, 2023 | 3:36 am

TSLA

Tesla Inc (NASDAQ:TSLA) briefly removed several referral rewards from its list, disappointing many Tesla referrers. The removed rewards included the Cybertruck raffle, Model 3 Performance raffle, supercharger miles, factory tours, 3 months of FSD and premium connectivity. However, Tesla reinstated several of these rewards after a while. The reason for the removal and reinstatement of the awards is unclear.

Portfolio Pulse from Anan Ashraf

October 05, 2023 | 3:15 am

GOOGL

LAC

RIVN

TSLA

XOM

US stocks ended higher on Wednesday with Dow Jones, NASDAQ, and S&P 500 all experiencing gains. Five stocks that gained attention were Rivian Automotive, Lithium Americas Corp., Tesla, Alphabet, and Exxon Mobil. Rivian announced its intention to offer green convertible senior notes, Lithium Americas completed the separation into two independent public entities, Tesla's stock is bouncing back amidst ongoing United Auto Workers strikes, Alphabet launched the Pixel 8 and Pixel 8 Pro smartphones, and Exxon Mobil is navigating complex political landscapes.

Portfolio Pulse from Benzinga Neuro

October 05, 2023 | 1:26 am

ADDYY

SONY

Adidas AG (OTC:ADDYY) is partnering with Sony Group Corp. (NYSE:SONY) and Insomniac Games to launch a Spider-Man 2-themed collection, coinciding with the release of Marvel's Spider-Man 2 on PS5. The collection includes various items inspired by the game's characters and will be available from October 20. PS Plus members will have early access to the collection.

Portfolio Pulse from Franca Quarneti

October 04, 2023 | 11:29 pm