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BABA

TCEHY

Alibaba Group Holding Ltd (NYSE:BABA) stock has dropped 77% from its 2020 peak due to slow domestic sales, competition, and changes in leadership and strategy. Despite this, Alibaba's DingTalk platform reached 700 million users and is innovating with an AI agent. Alibaba's Taobao and Tmall Group are testing new AI tools for merchants, and Cainiao is launching a new service in the U.S. BABA shares traded lower by 0.41% at $72.08 in premarket trading.

Portfolio Pulse from Anusuya Lahiri

January 12, 2024 | 12:16 pm

IDXX

IDEXX Laboratories announced the expansion of its Fecal Dx antigen testing platform to include Cystoisospora detection. This marks the second expansion of the platform in less than two years, aiming to detect common intestinal parasites earlier and uncover more infections.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 12:07 pm

AUVI

Applied UV Inc. has announced the launch of its new Fighter Flex LED solution, which will be showcased at the upcoming AHR Expo on January 22. This new product represents an expansion of the company's offerings in the LED market.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 12:01 pm

BAC

Bank of America has added 4.6 million credit card accounts in 2023, indicating potential growth in its consumer banking segment and possibly reflecting an increase in consumer spending or credit demand.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 11:47 am

DCPH

Genesis Pharma and Deciphera Pharmaceuticals (DCPH) have entered into an exclusive distribution agreement for Ripretinib in 14 European markets, specifically in Central and Eastern Europe. The agreement focuses on the commercialization of Ripretinib for the treatment of fourth-line gastrointestinal stromal tumor (GIST).

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 11:39 am

BLK

Blackrock CEO Larry Fink discussed the potential value of an Ethereum ETF on CNBC, indicating a positive outlook on the integration of such an ETF into the market.

Portfolio Pulse from Charles Gross

January 12, 2024 | 11:28 am

BLK

BTCUSD

ETHUSD

Blackrock CEO Larry Fink expressed his belief in cryptocurrency as an asset class during an interview on CNBC. He differentiated between viewing cryptocurrencies as an asset class rather than as a currency.

Portfolio Pulse from Charles Gross

January 12, 2024 | 11:27 am

TSLA

Tesla, Inc. (NASDAQ:TSLA) faces potential stock price decline as it announces further price cuts for its Model 3 vehicles in China, despite investor hopes for an end to such reductions. Gary Black of Future Fund predicts a decrease in Tesla's 2024 earnings estimates by $1 billion or 25-30 cents per share and has lowered his own estimate by 7%. He does not expect increased sales from the price cuts and anticipates other Chinese automakers to follow suit. Tesla's stock is set to open at a 2-month low, with a 3% drop in early trading to $220.40, after closing at $227.22 on Thursday.

Portfolio Pulse from Shanthi Rexaline

January 12, 2024 | 11:01 am

STLA

Stellantis N.V. (NYSE:STLA) has invested in Tiamat, a French developer of sodium-ion battery technology, through its venture fund, Stellantis Ventures. This investment aligns with Stellantis' Dare Forward 2030 strategic plan, aiming for carbon net zero by 2038 and a significant shift to electric vehicles (EVs) with a 100% BEV sales mix in Europe and 50% in the US by 2030. Stellantis is also securing 400 GWh of battery capacity and has previously partnered with Ample for a Modular Battery Swapping solution and announced plans to increase vehicle production in Italy.

Portfolio Pulse from Benzinga Neuro

January 12, 2024 | 10:58 am

TSLA

Tesla Inc (NASDAQ:TSLA) has raised the price of the Model Y Long Range's 7-seat option by $500, now costing $3000. This 20% increase is the first price change for any Tesla vehicle in the U.S. in 2024. In contrast, Tesla has recently reduced prices in China for the Model 3 and some Model Y versions.

Portfolio Pulse from Anan Ashraf

January 12, 2024 | 10:50 am