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Intel Corp's CEO Pat Gelsinger announced that Intel Foundry Services (IFS) will not be spun off but will operate as a separate business within Intel, starting to report its financials in Q2 of the next year. Unlike Mobileye Global Inc and its programmable chip unit, IFS will not become an independent entity. Gelsinger emphasized the benefits of the integrated operation of Intel's chip design and factory units. He also discussed AI applications, mentioning the high costs for companies like Microsoft Corp to run these workloads in real-time on devices through Azure. Intel shares are up 1.79% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

December 15, 2023 | 12:06 pm

SPOT

X Spaces, previously known as Twitter Spaces, has hosted 28 million live audio conversations this year. X CEO Linda Yaccarino announced a new lineup of Spaces for the New Year. Users are requesting features similar to Spotify's podcast platform, such as the ability to search and listen to historical spaces. Technical issues have been reported by users. The platform, owned by Elon Musk, has been used by notable figures like Ron DeSantis for significant announcements.

Portfolio Pulse from Ananya Gairola

December 15, 2023 | 11:56 am

FSR

Fisker Inc. announced the rollout of the final over-the-air software update for the Fisker Ocean in 2023. The company is preparing for regular updates in 2024, indicating a commitment to continuous improvement and customer satisfaction for its electric vehicle offerings.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 11:32 am

IREN

Iris Energy has announced the acquisition of 1.6 EH/s of Bitmain T21 miners, which will increase its self-mining capacity to 10 EH/s. This strategic move is aimed at expanding the company's Bitcoin mining operations and is expected to enhance its overall mining efficiency and output.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 11:28 am

RELX

RELX's unit Cirium has partnered with ACI World to enhance the Airport Service Quality Program by providing comprehensive data collaboration. This partnership aims to strengthen the program, which is considered a leading service quality benchmark for airports worldwide.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 11:25 am

LTHM

Livent Corp (NYSE:LTHM) has acquired a minority stake in the parent company of ILiAD Technologies, a subsidiary of EnergySource Minerals. ILiAD Technologies specializes in direct lithium extraction technology. Livent will have rights to license ILiAD's technology for use in Argentina, with commercial utilization expected by 2025. Livent's stock (LTHM) is up 1.74% in premarket trading.

Portfolio Pulse from Shivani Kumaresan

December 15, 2023 | 11:18 am

TSLA

Tesla Inc. (NASDAQ:TSLA) has released a report indicating that its Powerwall, when combined with solar power, is more cost-effective than traditional backup generators. The report suggests that users could save approximately $20 per month on electricity bills, leading to the system being up to 20% less expensive over a 10-year period. Tesla has increased Powerwall production to meet demand and is now focusing on generating new demand. The Powerwall has been part of significant renewable energy initiatives in Texas and Puerto Rico, contributing to energy generation and grid support.

Portfolio Pulse from Benzinga Neuro

December 15, 2023 | 11:13 am

RKLB

Shares of Rocket Lab USA, Inc. (NASDAQ:RKLB) are up in premarket trading after the company's successful launch of its 42nd Electron rocket, marking its 10th launch this year and setting a new annual record. The Electron rocket has been the second most frequently launched U.S. rocket annually for five years. Rocket Lab also deployed a satellite for Japan's Institute for Q-shu Pioneers of Space, Inc. The satellite, TSUKUYOMI-I, will collect high-resolution Earth images. The stock rose by over 10% premarket on Friday.

Portfolio Pulse from Nabaparna Bhattacharya

December 15, 2023 | 10:30 am

TSLA

The Dutch Vehicle Authority (RDW) has confirmed that there is no planned recall for Tesla vehicles in Europe. This announcement comes amidst scrutiny and recalls in other regions, but for now, European Tesla owners can be assured that no such action is required by the RDW.

Portfolio Pulse from Charles Gross

December 15, 2023 | 10:03 am

AMZN

Jeff Bezos attributed his departure as CEO of Amazon to his desire to focus on Blue Origin, aiming to accelerate its progress. He envisions a future with 'trillion humans' living in space, facilitated by giant space stations. Bezos sees space as a domain with room for multiple winners, similar to the internet, and regards SpaceX as a potential successful player alongside Blue Origin.

Portfolio Pulse from Anan Ashraf

December 15, 2023 | 10:01 am