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AMZN

Investors who bought $1,000 of Amazon (NASDAQ:AMZN) shares at its IPO in 1997 would have 13,334.4 shares today, worth $1,677,600.86. Amazon has grown through new product offerings, international expansion, and acquisitions.

Portfolio Pulse from Chris Katje

June 15, 2023 | 5:08 pm

XPEV

XPeng Inc's stock is trading higher by 9.42% after the company announced the launch of its assisted-driving technology in Beijing and three other cities. XPeng became the first company to roll out an advanced driver-assistance system (ADAS) in Beijing, winning approval for use on significant ring roads and expressways.

Portfolio Pulse from Henry Khederian

June 15, 2023 | 5:02 pm

ALDX

Aldeyra Therapeutics (NASDAQ:ALDX) reported positive topline results from the Phase 3 INVIGORATE-2 trial of 0.25% reproxalap ophthalmic solution for allergic conjunctivitis. The trial achieved statistical significance for the primary endpoint and all secondary endpoints. ALDX shares are up 11% at $11.60.

Portfolio Pulse from Vandana Singh

June 15, 2023 | 4:52 pm

AAPL

AMZN

DIS

FWONA

FWONK

NFLX

Netflix is reportedly preparing for its first live sports streaming event, featuring members from its Formula 1 and PGA Tour docuseries. The event follows years of rumors and Netflix's first-ever live comedy special. The streaming giant has previously bid on sports rights, including Formula One, tennis, and cycling events.

Portfolio Pulse from Chris Katje

June 15, 2023 | 4:38 pm

GM

GM's CFO stated at the Deutsche Bank Conference that the company expects rapid revenue appreciation between now and 2025 with Cruise, focusing on perfecting the technology and then reducing costs for automated vehicles.

Portfolio Pulse from Benzinga Newsdesk

June 15, 2023 | 4:33 pm

GM

GM's CFO stated at the Deutsche Bank Conference that the company has one of the most sophisticated AI platforms with Cruise, which is in rapid deployment of AI for fully autonomous driving. They expect to grow revenue rapidly beyond $1B in 2025.

Portfolio Pulse from Benzinga Newsdesk

June 15, 2023 | 4:31 pm

STLA

Stellantis Ventures, the corporate venture fund of Stellantis NV, has invested in 10 startups and one mobility venture fund to support its Dare Forward 2030 strategic plan. The plan aims to cut CO2 emissions in half by 2030, achieve carbon net zero by 2038, and increase BEV sales in Europe and the US.

Portfolio Pulse from Shivani Kumaresan

June 15, 2023 | 4:29 pm

GM

GM's CFO stated at the Deutsche Bank Conference that the company is open to investing in lithium refining in exchange for supply guarantees. This move could help secure the necessary resources for GM's electric vehicle production.

Portfolio Pulse from Benzinga Newsdesk

June 15, 2023 | 4:28 pm

GM

TSLA

GM's CFO announced at the Deutsche Bank Conference that the company has decided Tesla's charging standard is the best option for their customers.

Portfolio Pulse from Benzinga Newsdesk

June 15, 2023 | 4:26 pm

GM

GM's CFO stated that the company can use the same Ultium software and interface for different battery chemistries and formats, emphasizing the need for standardization in EV charging at the Deutsche Bank Conference.

Portfolio Pulse from Benzinga Newsdesk

June 15, 2023 | 4:24 pm