Streetbeat News

Products Services

TSLA

Tesla Asia highlighted the superior performance of electric vehicles (EVs) in high-altitude areas on Twitter. The company pointed out that unlike internal combustion engine vehicles, EVs do not experience power loss in high altitude areas due to thin oxygen levels. Tesla also boasted about the strength of its vehicle roofs, claiming they can withstand the weight of an adult elephant. This comes as Tesla continues to expand globally, with recent developments including the rollout of its first Cybertruck and plans to double the size of its Berlin factory.

Portfolio Pulse from Benzinga Neuro

July 19, 2023 | 5:05 am

TSLA

Tesla Inc. plans to install a solar 'cyber canopy' over its new supercharger in Massachusetts, amid a heatwave in the US. The supercharger with 20 stalls will be located near Canton. The move aligns with Tesla's long-term vision of supercharger locations powered by solar and batteries, as stated by CEO Elon Musk. The details of the cyber canopy are not yet available.

Portfolio Pulse from Anan Ashraf

July 19, 2023 | 4:36 am

INTC

Intel (INTC) and ASUS have agreed to a term sheet for the manufacturing, selling, and support of the 10th to 13th Gen NUC Systems product line.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 4:16 am

GOOGL

META

MSFT

Meta Platforms Inc. (NASDAQ:META) CEO Mark Zuckerberg announced plans to open-source the company’s latest AI technology, LLaMA 2, to developers and software enthusiasts for free. This move could help Meta compete with rivals like Google (NASDAQ:GOOGL) and ChatGPT. Meta and Microsoft (NASDAQ:MSFT) have partnered to make LLaMA 2 open-source, allowing it to operate on Microsoft’s Azure cloud services.

Portfolio Pulse from Benzinga Neuro

July 19, 2023 | 4:08 am

TSLA

An analyst from Ark Investment Management has noted that search demand for Tesla's Cybertruck has surpassed that of the Model Y and Ford's Lightning 150. Despite this, the Model Y continues to have the highest search demand on a 7-day average. The analyst believes this is a good sign for demand, especially considering the Cybertruck is not yet for sale. Ford recently announced a price cut for its F-150 Lightning, bringing it closer to the Cybertruck's estimated price. The first Cybertruck rolled off the production line at Giga Texas over the weekend.

Portfolio Pulse from Anan Ashraf

July 19, 2023 | 3:49 am

PHRRF

PharmaTher Holdings (OTCQB:PHRRF) and the Terasaki Institute for Biomedical Innovation have reported positive outcomes from their research on a novel microneedle patch for the delivery of DMT. The study aimed to develop a suitable prototype of PharmaPatch for DMT’s transdermal delivery. The company will work with its research partner PharmaDrug Inc., and invest $227,700 in PharmaDrug's subsidiary, Sairiyo Therapeutics, for a 49% ownership.

Portfolio Pulse from Lara Goldstein

July 18, 2023 | 9:45 pm

AMD

AMD is reportedly developing a China-exclusive GPU, the Radeon RX 7900 GRE, based on the Navi 31 chip. The new GPU is expected to be a regional launch, similar to the RX 590 GME edition launched in 2020. The RX 7900 GRE will feature a 16 GB VRAM capacity and a reduced CU count. The release date and pricing are not yet confirmed, but it is expected to be lower than the 5699 yuan/ USD $790 mark.

Portfolio Pulse from Happy Mohamed

July 18, 2023 | 8:38 pm

QGEN

QIAGEN (NYSE:QGEN) has announced the expansion of its digital PCR (dPCR) offering for the development of cell and gene therapies in the biopharma industry. The company has partnered with Niba Labs to offer customized digital PCR assay design services to biopharma customers and also launched the new CGT Viral Vector Lysis Kit. The partnership will allow QIAcuity customers to use the combined expertise of both companies to develop new custom simplex or multiplex assays for the quantification of nucleic acids and to optimize existing qPCR assays for the use in digital PCR.

Portfolio Pulse from Happy Mohamed

July 18, 2023 | 8:15 pm

F

RIVN

TSLA

Tesla Inc (NASDAQ:TSLA) is set to report Q2 financial results with analysts expecting revenue of $24.53 billion and 81 cents in earnings per share. The company has beaten or matched earnings per share estimates in each of the last nine straight quarters. The Cybertruck, Tesla's electric pickup truck, could be a major focus during the earnings report. Rival companies Ford Motor Co (NYSE:F) and Rivian Automotive Inc (NASDAQ:RIVN) have cut prices on their electric pickup trucks ahead of Tesla's earnings. Analysts have shared updated notes on the stock with varying price targets.

Portfolio Pulse from Chris Katje

July 18, 2023 | 8:12 pm

SMX

Security Matters has received a notice of allowance for its U.S. patent application 17/285,167 titled 'System And Method For Detection And Identification Of Foreign Elements In A Substance By X-Ray Or Gamma-Ray Detection And Emission'.

Portfolio Pulse from Happy Mohamed

July 18, 2023 | 7:58 pm