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TM

Toyota Motor Corp (NYSE:TM) aims to sell over 250,000 battery electric vehicles (BEVs) annually in Europe by 2026, expanding its lineup to six BEV models. At the Kenshiki forum, Toyota showcased an Urban SUV Concept and a sport crossover concept, with one model entering production in 2023 and another in 2025. Toyota's current electrified mix in Europe is 71%, expected to rise to 75% in 2024 and over 20% BEVs by 2026. This announcement follows Toyota's record global sales in October, including a 15.2% increase in Europe.

Portfolio Pulse from Anan Ashraf

December 04, 2023 | 9:05 am

MSFT

NVEI

Nuvei Corporation has announced a partnership with Microsoft to provide payment solutions for Microsoft's products and services in key markets. This collaboration is expected to enhance Nuvei's global payment offerings.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 9:04 am

TSLA

Gary Black, a Tesla Inc (NASDAQ:TSLA) investor, is optimistic about the demand for the Cybertruck, dismissing concerns about reservation deposit cancellations. He predicts a 'halo' effect on Tesla's lineup from the Cybertruck, similar to the Model Y launch. Despite skepticism over pricing and market success, Black believes the Cybertruck will expand Tesla's market to the pickup segment and, along with the $25k Model 2, solidify Tesla's position in the EV market. Challenges remain in scaling production, with potential delays until 2025.

Portfolio Pulse from Anan Ashraf

December 04, 2023 | 8:28 am

BTCUSD

Bitcoin (BTC) has surpassed $41,000, a level not seen since April 2022, prompting analysts to predict a 10% return on market-neutral strategies like the basis trade. This strategy involves buying Bitcoin in the spot market and selling futures at a premium. Deribit reports that futures contracts are trading at an 8% to 12% annualized premium, indicating potential returns in that range, excluding trading costs. The surge in Bitcoin's value, which has risen 54% since October 1, is attributed to several factors including the anticipated launch of spot-based ETFs in the U.S., geopolitical tensions, Binance's legal settlement, and increased institutional engagement. Despite the positive trend, some analysts, like ex-Ark Invest's Chris Burniske, expect the crypto market's momentum to slow down.

Portfolio Pulse from Benzinga Neuro

December 04, 2023 | 8:22 am

BR

Broadridge Financial Solutions, Inc. (NYSE:BR) has implemented its Sentry cloud-based solution at Carlyle to enhance the management of Carlyle's private credit and CLO portfolio. The technology will streamline Carlyle's deal pipeline, trade compliance, and loan operations on a unified platform, facilitating scalability.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 8:03 am

RTX

easyJet is collaborating with Collins Aerospace, a business unit of RTX (NYSE:RTX), to implement GlobalConnect connected aircraft services on over 330 Airbus planes. This move will make easyJet the world's largest A320 operator using GlobalConnect, improving safety, pilot training, and operational efficiency.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 7:32 am

HSIC

Henry Schein's subsidiary Zahn Dental has become the exclusive distributor of Myerson's Trusana™ 3D Premium Denture System. This partnership allows Zahn Dental to offer an innovative solution in the dental prosthetics market, potentially expanding its customer base and strengthening its position in the industry.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 7:08 am

VALN

Valneva has reported that its single-shot Chikungunya vaccine, IXCHIQ®, shows 24-month antibody persistence, indicating long-term effectiveness. This data could potentially support the use of IXCHIQ® in preventing Chikungunya virus infections.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 6:58 am

MRUS

Merus N.V. presented updated clinical data on its cancer treatment drug MCLA-129 at ESMO Asia 2023. The data could potentially impact the company's stock as investors react to the progress and potential of MCLA-129 in the oncology market.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 6:56 am

AMZN

META

MSFT

NVDA

The S&P 500 and Nasdaq 100 experienced significant growth in 2023, with the S&P 500 growing by 20% and the Nasdaq 100 by 46%. Notably, Nvidia Corp. saw a 220% increase in its share price, while Microsoft, Amazon, and Meta Platforms also enjoyed substantial gains. A Bloomberg survey indicates that 63% of participants are optimistic about 2024, expecting stronger returns due to potential interest rate reductions by the Federal Reserve. AI is considered the most promising investment trend, despite concerns over inflation and high living costs. Opinions on Big Tech investments are divided, with some experts urging caution for 2024.

Portfolio Pulse from Benzinga Neuro

December 04, 2023 | 6:50 am