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VKTX

Viking Therapeutics has initiated a Phase 2 trial for VK2735, a drug aimed at treating metabolic disorders such as obesity.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 11:11 am

QCOM

floLIVE, a global connectivity and network solutions provider, is collaborating with Qualcomm Technologies to enhance global connectivity on the Qualcomm Aware Platform. This partnership could potentially boost the reach and efficiency of Qualcomm's platform.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 11:08 am

AMZN

BMWYY

QCOM

BMW plans to use Amazon's cloud computing technology and Qualcomm's Snapdragon Ride platform for autonomous driving technology in its upcoming electric vehicles (EVs).

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 11:06 am

APLT

Applied Therapeutics has completed its pre-NDA meeting with the FDA and confirmed its plans to submit an NDA for Govorestat (AT-007) for the treatment of Classic Galactosemia in Q4 2023.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 11:04 am

MRNA

Moderna has confirmed that its updated COVID-19 vaccine generates an immune response in humans against the BA.2.86 variant. This is based on the clinical trial data.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 11:03 am

TSLA

Tesla's Shanghai Gigafactory has reached a production milestone of 2 million vehicles. The factory, which is Tesla's only one in China or Asia, produces Model 3 and Y cars for both the domestic China market and for export. It took the company 33 months to produce its first million vehicles and only 13 months to produce the next million. Tesla CEO Elon Musk praised the quality and efficiency of the cars produced in China.

Portfolio Pulse from Anan Ashraf

September 06, 2023 | 11:02 am

TSN

Tyson Foods, Inc. (NYSE:TSN) has entered into a multi-year collaboration with Gatik AI, Inc. to deploy autonomous refrigerated box trucks in Northwest Arkansas. The partnership aims to increase asset utilization within Tyson's short-haul logistics network, assist with inventory objectives, and support a high-frequency approach to goods movement. The trucks will operate 18 hours a day, delivering Tyson, Jimmy Dean, and BallPark products to distribution and storage facilities.

Portfolio Pulse from Nabaparna Bhattacharya

September 06, 2023 | 10:59 am

CMI

PCAR

Cummins, Daimler Truck and PACCAR have formed a joint venture to advance battery cell production in the US. The total investment is expected to be in the range of $2-3 billion for the 21-gigawatt hour (GWh) factory.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 10:42 am

TSLA

Elon Musk is considering launching a referral program for X (formerly Twitter), allowing users to earn commissions for referring users to the platform's subscription service. This comes as the platform struggles with a 60% drop in revenue due to allegations of antisemitism, which has led to advertisers shunning the platform. The referral program could incentivize users to subscribe and refer others to the X Premium service, potentially boosting the platform's revenue.

Portfolio Pulse from Rounak Jain

September 06, 2023 | 10:38 am

NIO

VGK

Nio CEO William Li announced that the company has established 26 battery swap stations in Europe, according to Reuters.

Portfolio Pulse from Charles Gross

September 06, 2023 | 10:37 am