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TSLA

WKSP

Ford Motor (NYSE:F) faces a challenging start to 2024 with significant EV losses and a sales drop, prompting a reevaluation of its EV strategy. Tesla Inc (NASDAQ:TSLA) also encounters difficulties with its electric pickup, the Cybertruck, despite achieving production. Both companies have reduced EV prices in response to market slowdowns. Worksport Ltd (NASDAQ:WKSP) announced plans to develop a solar-powered tonneau cover, SOLIS, for Ford's F-150 Lightning, potentially enhancing its range and offering clean energy solutions.

Portfolio Pulse from Upwallstreet

February 21, 2024 | 2:02 pm

AAPL

Apple has launched a new free app called Apple Sports for iPhone users, offering real-time scores, statistics, and other sports-related information with a focus on speed and simplicity.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 2:01 pm

ADBE

Adobe Inc (NASDAQ:ADBE) has launched a beta version of its AI Assistant in Acrobat, aimed at enhancing document workflows with features like smart summaries and direct queries within documents. This AI tool, distinct for its integration into Acrobat without requiring document uploads, contrasts with models like ChatGPT. Adobe plans to adopt a subscription model post-beta. The launch aligns with Adobe's broader AI strategy, including video model development, amidst competition from tools like OpenAI's Sora. Adobe's stock closed lower by 0.87% at $541.91.

Portfolio Pulse from Anusuya Lahiri

February 21, 2024 | 2:00 pm

VRT

Vertiv Holdings (NYSE:VRT) shares fell premarket after reporting Q4 FY23 results with net sales of $1.865 billion, missing estimates, but adjusted EPS beat expectations. The company provided a weaker than expected outlook for Q1 and FY24 revenue and adjusted EPS. Vertiv's CEO highlighted opportunities in AI-driven data center demand and the acquisition of CoolTera to strengthen its position in liquid cooling.

Portfolio Pulse from Lekha Gupta

February 21, 2024 | 1:59 pm

MOTS

Motus GI Holdings has been granted a U.S. patent for a feature of its Pure-Vu System designed to prevent clogging during the cleansing of the gastrointestinal (GI) tract. This development could enhance the system's efficiency and reliability, potentially leading to increased adoption in medical facilities.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 1:53 pm

ITRI

Itron, Inc. (ITRI) has announced a strategic collaboration with Schneider Electric to modernize and simplify energy distribution, focusing on maximizing grid flexibility, capacity, and efficiency. This partnership aims to address the challenges of the energy transition by digitalizing supply and demand management.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 1:46 pm

NUE

Nucor Corporation (NYSE:NUE) has received approval from its Board of Directors for an $860 million investment to build a new rebar micro mill in the Pacific Northwest, marking the company's fourth and largest rebar micro mill. This new facility, with a production capacity of 650,000 tons per year, aims to enhance Nucor's leadership in the steel bar market and improve service to customers west of the Rocky Mountains. The project, which is still in the location evaluation phase, is expected to take two years to complete, pending regulatory approvals. Nucor's commitment to producing environmentally friendly steel from nearly 100% recycled scrap is emphasized, alongside the anticipated growth in the domestic rebar market driven by increased U.S. infrastructure investments.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 1:42 pm

BABA

JD

Alibaba Group Holding Limited (NYSE:BABA) has launched a live commerce company under Taobao Live to diversify its host base and combat competition from other online retailers. This initiative aims to nurture a robust live commerce ecosystem by offering new hosts comprehensive services, including business connections and financial management, with support such as guaranteed income during a six-month development period. The strategy is part of Alibaba's broader effort to revitalize its live commerce offering and maintain its competitive edge, amidst challenges from platforms like Douyin and legal troubles. Alibaba's international e-commerce business unit reported a 44% revenue increase to $4 billion in the December quarter.

Portfolio Pulse from Anusuya Lahiri

February 21, 2024 | 1:40 pm

CLIR

ClearSign Technologies Corporation (NASDAQ:CLIR) has received a purchase order for the first of four boiler burners from California Boiler, intended for a fruit and vegetable multi-juice processing company in California's Central Valley. This marks the first multi-unit engagement for ClearSign's Rogue boiler burner product line, highlighting its competitive advantage in emissions flexibility and potential for future upgrades to meet stricter emission requirements.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 1:36 pm

BLIN

Bridgeline Digital, Inc. (NASDAQ:BLIN), a marketing technology software provider, has secured a multi-year contract worth over $175,000 with a Fortune Global 500 South Korean construction conglomerate to enhance their intranet. This partnership aims to streamline internal communication and improve employee resource efficiency through advanced AI tools for managing and personalizing corporate information.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 1:35 pm