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CVNA

Carvana, an online used car retailer, has expanded its same-day delivery services to residents of Central Florida, enhancing the convenience for customers in the region and potentially increasing the company's market penetration.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 11:02 am

KBR

PT Pupuk Sriwidjaja has selected KBR's Purifier technology for a new grassroots ammonia plant in Indonesia. KBR will provide a technology license, proprietary engineering design, proprietary equipment, and catalyst for the plant. The financial terms of the contract were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 11:01 am

BEEM

Beam Global has announced ongoing orders for its EV ARC solar-powered EV charging systems from various California state agencies. This indicates a sustained demand for Beam's products within the state sector, potentially signaling growth in the company's public sector sales.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 11:01 am

TSLA

The Biden administration is considering providing temporary relief to automakers from the stringent EV tax credit rules that are based on the sourcing of materials from 'foreign entities of concern,' such as China. This move could affect the amount of tax credit EV purchasers receive, with full compliance resulting in a $7,500 credit and partial compliance in a $3,500 credit. Tesla Inc has informed customers that the tax credit for its Model 3 could be reduced after this year. The Treasury Department is expected to issue guidance on the matter soon.

Portfolio Pulse from Anan Ashraf

November 29, 2023 | 10:49 am

CABA

CLCO

FTCH

LESL

LVS

OKTA

PHG

VERV

Leslie's, Inc. reported mixed Q4 results with revenue exceeding estimates but earnings per share falling short, causing a 15% pre-market drop. Verve Therapeutics announced a public offering and private placement, leading to an 11.2% pre-market decline. Cabaletta Bio continued to fall after FDA concerns over CAR T cell therapies. Okta disclosed a data breach affecting all support system users. Cool Company reported Q3 results, contributing to a pre-market dip. Las Vegas Sands announced a stock offering by its principal stockholder. Philips faced FDA safety concerns with its CPAP machines. Farfetch delayed its Q3 financial results announcement.

Portfolio Pulse from Lisa Levin

November 29, 2023 | 10:48 am

UA

Kevin Plank, founder of Under Armour, Inc. (NYSE:UA), shares his journey from starting in his grandmother's basement to building a $5 billion empire. Plank's initial capital came from his college rose business and a $40,000 credit card opportunity. Under Armour's growth from $17,000 in sales in 1996 to $5.74 billion in revenue in FY2023 is highlighted, with a significant portion of sales coming from apparel. The company has a strong direct-to-consumer presence and a brand relationship with NBA star Stephen Curry. Under Armour is part of the S&P 400 MidCap Index and its stock closed up 0.94% at $7.54.

Portfolio Pulse from Shanthi Rexaline

November 29, 2023 | 10:31 am

AAPL

Apple Music's most-streamed songs of 2023 list is described as 'more global than ever', featuring a mix of international and regional artists. Morgan Wallen's 'Last Night' leads the list, with other top artists including Miley Cyrus, SZA, Drake, and Taylor Swift. The list showcases the impact of social media in promoting diverse global music, with Apple offering various playlists on its app and website to highlight these songs.

Portfolio Pulse from Rounak Jain

November 29, 2023 | 10:13 am

TSLA

Hota Industrial Mfg. Co, a Taiwanese supplier for Tesla Inc. (NASDAQ:TSLA), is establishing its first U.S. factory in New Mexico to reduce shipping costs and mitigate cross-strait tensions. The $99 million investment aims to enhance supply chain security and proximity to North American customers, which make up 70% of Hota's sales. The New Mexico government is supporting the project with $3 million and potential tax credits. Hota expects to benefit from the U.S. Inflation Reduction Act, with production starting in 2025.

Portfolio Pulse from Benzinga Neuro

November 29, 2023 | 9:57 am

AAPL

Tech analyst Ming-Chi Kuo predicts that glass-plastic hybrid lenses will be the next trend in the lens industry, following their adoption by Apple Inc. (AAPL) and Huawei. Apple and Huawei's use of these lenses in their smartphones could influence industry trends and lead to wider adoption due to their performance and cost-effectiveness. Largan and Sunny Optical are noted as leading manufacturers, with Largan having a lead in the smartphone lens market.

Portfolio Pulse from Sudhanshu Singh

November 29, 2023 | 9:50 am

ASND

Ascendis Pharma A/S has signed an exclusive license agreement with Teijin Limited, granting Teijin the rights to develop and commercialize Ascendis's endocrinology rare disease drugs in Japan. The deal is worth $70 million upfront, with the potential for up to $175 million in milestone payments, plus royalties on sales.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 9:35 am