Streetbeat News

Products Services

NOK

Nokia has entered into a multi-year patent cross-license agreement with vivo, under which vivo will make royalty and catch-up payments to Nokia. This agreement resolves all pending patent litigation between the two companies across all jurisdictions. The financial terms of the agreement were not disclosed.

Portfolio Pulse from Charles Gross

February 05, 2024 | 9:44 am

CAT

MCD

SG

TSN

VALN

Ahead of Monday's trading session, notable stocks include Caterpillar Inc. (CAT), Sweetgreen (SG), McDonald's Corporation (MCD), Valneva SE (VALN), and Tyson Foods, Inc. (TSN). Caterpillar is expected to report earnings of $4.75 per share on $17.11 billion revenue. Sweetgreen announced Rossann Williams as the new COO. McDonald's is anticipated to earn $2.82 per share on $6.45 billion revenue. Valneva sold an FDA Priority Review Voucher for $103 million. Tyson Foods is expected to report earnings of 41 cents per share on $13.27 billion revenue.

Portfolio Pulse from Avi Kapoor

February 05, 2024 | 7:49 am

TSLA

Tesla Inc. (NASDAQ:TSLA) has announced the return of Full Self-Driving (FSD) beta transfers for recent vehicle buyers and extended the lifetime Supercharging benefit to include Model 3. This decision follows customer feedback and earlier speculation, with the FSD beta transfer now available for Model S, X, 3, or Y purchases in North America before the end of March. Additionally, the free lifetime Supercharging offer, previously exclusive to Model S, X, and Y, is now extended to Model 3 buyers taking delivery by March 31.

Portfolio Pulse from Benzinga Neuro

February 05, 2024 | 7:31 am

AAPL

Wedbush analyst Daniel Ives hailed Apple Inc.'s Vision Pro as a 'potential game changer,' noting strong customer interest and early success. Despite a high price point of $3,500, the product has seen a very strong reception, leading Wedbush to maintain a bullish outlook on Apple, with a $250 price target. Ives anticipates the Vision Pro will mark Apple's initial foray into AI, with future models evolving into more accessible form factors and pricing, and a separate AI App Store announcement expected at WWDC this summer.

Portfolio Pulse from Shanthi Rexaline

February 05, 2024 | 7:20 am

AAPL

MOMO

Hello Group Inc. (NASDAQ:MOMO) has launched inSpaze, a native immersive social app for Apple Vision Pro in the U.S. The app, designed for visionOS, offers 3D interaction, Spatial Audio, and social features like real-time translation and social games. It's available for Apple Vision Pro users and can also be used on iPhone via the App Store.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 7:20 am

LVMHF

LVMH Moet Hennessy Louis Vuitton SE (OTC:LVMHF) has launched a new watch division aiming to capture a larger share of the global luxury watch market, projected to reach $37 billion by 2032. The company's jewelry and watch division recorded $11.8 billion in sales in 2023, with a 7% organic growth. Frederic Arnault has been appointed as the CEO of LVMH Watches, overseeing brands like TAG Heuer, Hublot, and Zenith. This move follows a significant restructuring within LVMH and aims to revitalize the company's focus on luxury watches amidst challenges in the luxury retail industry.

Portfolio Pulse from Benzinga Neuro

February 05, 2024 | 6:36 am

ICLN

TSLA

Short-seller Jim Chanos criticized Tesla CEO Elon Musk's proposal for a carbon tax as a measure against climate change, labeling Musk as 'Subsidy King' and 'new darling of the Right'. Musk advocates for a carbon tax to combat climate change, citing a $5.3 trillion annual carbon subsidy per the IMF. Chanos, known for his bets against Tesla and Enron, recently closed his hedge fund. The debate highlights differing views on addressing climate change and the role of electric vehicles and renewable energy.

Portfolio Pulse from Shanthi Rexaline

February 05, 2024 | 6:24 am

VALN

Valneva has sold a Priority Review Voucher (PRV) awarded by the U.S. FDA for $103M, following the approval of IXCHIQ®, the first licensed vaccine for chikungunya virus. The proceeds will fund R&D, including Lyme disease vaccine development, further IXCHIQ® trials, and clinical pipeline expansion.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 6:06 am

TSLA

Tesla Inc's Cybertruck is speculated to be showcased in Germany at the Stuttgart Holzgerlingen delivery center, following a successful tour in China. The display, predicted by a user on social media, is yet to be confirmed. Tesla previously faced regulatory challenges in Europe and China, impacting the Cybertruck's road usage approval. Despite obstacles, including a recall and criticism over value, the Cybertruck's innovative features continue to attract interest.

Portfolio Pulse from Benzinga Neuro

February 05, 2024 | 3:24 am

AAPL

Apple Inc. released its first-generation mixed reality headset, Vision Pro, on Feb. 2. Mark Gurman, a Bloomberg columnist, in his early review, compared the headset's functionality to that of an iPad, suggesting that a future version of Vision Pro could potentially replace the iPad. Gurman highlighted the headset's potential as a tool for watching movies, videoconferencing, and lightweight computing. Despite its high price, the Vision Pro has seen significant interest, with sales of 160,000 to 180,000 units during the first pre-order weekend. Tech YouTuber Marques Brownlee also reviewed the device, noting its immersive capabilities and ecosystem integration but pointed out downsides such as weight, comfort, limited app selection, short battery life, and high price.

Portfolio Pulse from Ananya Gairola

February 05, 2024 | 2:10 am