Streetbeat News

Products Services

ASAN

EGHT

ENB

STEM

Several stocks traded lower in Wednesday's pre-market session, including Enbridge, Enel Chile, Hyzon Motors, Stem, 8x8, Asana, Telefónica, and Aehr Test Systems. Enbridge's shares dipped 8% after it announced acquisitions from Dominion Energy. Enel Chile, Hyzon Motors, and Aehr Test Systems also saw declines. Stem's shares fell following a downgrade by Morgan Stanley. 8x8 shares declined despite the announcement of a new solution to safeguard customers from fraudulent SMS activity. Asana's shares declined despite reporting upbeat Q2 results. Telefónica's shares declined after Saudi Telecom Co. bought a stake in the company.

Portfolio Pulse from Lisa Levin

September 06, 2023 | 10:22 am

AMZN

BMWYY

QCOM

BMW (OTC:BMWYY) is partnering with Amazon (NASDAQ:AMZN) to use its cloud computing technology for the development of semi-autonomous driving features in its upcoming electric vehicles. The Advanced Driver Assistance Systems (ADAS) will be featured in BMW’s Neue Klasse range of electric cars set to launch in 2025. Amazon Web Services (AWS) will be used to store and process large volumes of data. BMW will also use Qualcomm’s (NASDAQ:QCOM) Snapdragon Ride platform to power its ADAS from 2025.

Portfolio Pulse from Benzinga Neuro

September 06, 2023 | 10:15 am

NVTS

Navitas Semiconductor has announced the global launch of GaNSafe, a high-performance wide bandgap power platform. The company has optimized its 4th-generation Gallium Nitride technology for applications in data centers, solar/energy storage, and the EV market.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 10:11 am

FREY

FREYR Battery has announced that its plan to start fully automated production at its Norway-based customer qualification plant by Q4 is on track. This update indicates progress in the company's operations.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 10:09 am

LCID

TSLA

Lucid Group Inc's CEO, Peter Rawlinson, has expressed intentions to develop an electric vehicle (EV) priced around $50,000, aiming to compete with Tesla's Model 3 and Model Y. Rawlinson emphasized the need for more affordable EVs to increase their adoption. However, he clarified that Lucid is not trying to 'dethrone' Tesla, acknowledging the market for great cars as a whole.

Portfolio Pulse from Anan Ashraf

September 06, 2023 | 9:25 am

TSN

Tyson Foods, Inc. (TSN) and Gatik AI, Inc. have announced a multi-year collaboration to deploy autonomous refrigerated box trucks to bolster Tyson routes in Northwest Arkansas. The trucks will operate 18 hours a day, delivering Tyson, Jimmy Dean, and BallPark products to the company's distribution and storage facilities in the Rogers and Springdale, Arkansas areas.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 9:01 am

TSM

TSMC Chairman has announced that the company is not facing a chip shortage for AI, but is experiencing a shortage of Chip on Wafer on Substrate. He also stated that TSMC's technology will catch up within a year and a half to meet customer demand.

Portfolio Pulse from Charles Gross

September 06, 2023 | 8:55 am

FXI

TSLA

Tesla's Shanghai factory has produced its 2 millionth car, according to the company's WeChat account. This milestone highlights the significant production capacity of Tesla in China.

Portfolio Pulse from Charles Gross

September 06, 2023 | 8:42 am

AZN

AZNCF

The FDA has issued a Complete Response Letter (CRL) to AstraZeneca regarding its Supplemental Biologics License Application for Ultomiris (Ravulizumab-cwvz) for Neuromyelitis Optica Spectrum Disorder patients. The FDA did not request additional analysis of the Phase 3 trial data and did not raise concerns about the efficacy or safety data. However, it requested modifications to enhance the Ultomiris Risk Evaluation and Mitigation Strategy.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 8:24 am

PSFE

Paysafe (NYSE:PSFE) and Eightcap have announced a strengthened partnership through the introduction of an Embedded Trading Wallet solution. This collaboration aims to provide a joint embedded finance solution for their shared partners and merchants.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 8:24 am