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GM

General Motors (GM) is set to lay off 1,314 employees at two Michigan plants due to production changes. The Orion Assembly plant will lose 945 jobs as GM delays production of the Chevrolet Silverado EV and GMC Sierra EV, with the plant's reopening pushed to late 2025. Additionally, 369 jobs will be cut at Lansing Grand River Assembly/Stamping with the end of Camaro production. GM plans to offer affected employees positions at other company locations.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 10:42 pm

TMUS

SpaceX has received FCC approval to test direct-to-cell technology using Starlink satellites and mobile phones, in partnership with T-Mobile US Inc (NASDAQ:TMUS). The trials will involve around 2,000 test devices and 840 satellites, aiming to provide connectivity in remote areas beyond the reach of cell towers.

Portfolio Pulse from Ryan Gustafson

December 14, 2023 | 10:40 pm

ADAUSD

DOTUSD

Polkadot (CRYPTO: DOT) has seen a 43.5% gain in the past month, with a 19% increase over the last 7 days. The circulating supply is 1.3 billion, and trading volumes have risen by 26%. Polkadot 1.0 was released, and USDC went live on its asset hub. Staking increased to 49%, and partnerships with Deloitte and Cardano were announced. Deloitte will use the Kilt blockchain for supply-chain services, and Cardano will use Polkadot's Substrate for its partner chain project. The Web3 Foundation will invest $1 million in U.S. treasury bills on-chain through Anemoy on Centrifuge Chain.

Portfolio Pulse from Khyathi Dalal

December 14, 2023 | 10:33 pm

NTDOY

WBD

Warner Bros. Discovery Inc's NetherRealm Studios announced updates for Mortal Kombat 1, including cross-play support for PC, PS5, and Xbox Series X | S by February 2024. However, Nintendo's Switch will not have cross-play initially. An upcoming update will introduce a Wi-Fi filter and character tweaks, with a focus on the DLC character Quan Chi, available for Early Access on Dec. 14 and for others on Dec. 21.

Portfolio Pulse from Franca Quarneti

December 14, 2023 | 9:58 pm

SHIBUSD

Shibarium, a layer-2 solution for Shiba Inu (CRYPTO: SHIB), has surpassed 100 million transactions, coinciding with SHIB's listing on Japanese exchange Coincheck. The community is bullish, with plans to burn over $1.1 million worth of SHIB. Coincheck's listing of SHIB is seen as a significant development, and the token's price is up 2.23% over the past 24 hours, with a 20% increase over the month.

Portfolio Pulse from Khyathi Dalal

December 14, 2023 | 9:51 pm

SPY

XOM

Despite initial concerns that a Joe Biden presidency would negatively impact the oil and gas industry, Exxon Mobil Corp (XOM) has performed exceptionally well since the 2020 election, with shares reaching all-time highs and the company exploring lithium production. A $1,000 investment in XOM at the time of Biden's election would now be worth $3,049.89, a 205% return, outperforming the SPDR S&P 500 ETF Trust (SPY), which would have returned 38.1% on the same investment.

Portfolio Pulse from Chris Katje

December 14, 2023 | 9:50 pm

OABI

OmniAb, Inc. (NASDAQ:OABI) presented new scientific data on its OmnidAb platform at the 2023 Antibody Engineering & Therapeutics Conference. OmnidAb is the first transgenic chicken producing single-domain antibodies (sdAbs), which have broad clinical applications. The company highlighted the platform's benefits, including its optimized human scaffold and efficient in vivo affinity maturation, which minimizes downstream engineering. OmniAb is already working with partners using OmnidAb and introduced its OmniDeep suite of in silico tools for antibody discovery.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 9:36 pm

SONY

Insomniac Games, a subsidiary of Sony Group Corp. (NYSE:SONY), announced that the next update for 'Spider-Man 2' will be released in early 2024. The update will include New Game Plus and audio descriptions, along with other highly requested features like the ability to change the time of day and replay missions. The game has been successful, selling over five million copies in 11 days, and the update follows a recent hacking incident at Insomniac Games.

Portfolio Pulse from Franca Quarneti

December 14, 2023 | 9:29 pm

GOOG

GOOGL

Google is reportedly developing a new AI assistant named 'Pixie' for its Pixel phones, according to The Information. This move could enhance the Pixel user experience and potentially increase the competitiveness of Google's hardware offerings.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 9:25 pm

SONY

TTWO

PlayStation Plus subscribers will have access to new games in December, including GTA 5 from Take-Two Interactive (TTWO) and various other titles. Sony (SONY) announced the lineup, which also features games from Disney/Pixar and classics like Mega Man.

Portfolio Pulse from Franca Quarneti

December 14, 2023 | 9:25 pm