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Netherlands-based biotech startup Cradle, specializing in AI-powered protein design and engineering, has raised $24 million in Series A funding led by Index Ventures and Kindred Capital. Former Merck lead director Tom Glocer and Recursion co-founder Chris Gibson also invested. Cradle's technology accelerates R&D projects, including vaccines and antibodies, by leveraging generative AI and ML. The company plans to use the funds to expand its teams and invest in product development and sales. Alphabet's Google Brain alum Stef van Grieken is Cradle's co-founder and CEO. Pharmaceutical companies like Johnson & Johnson are also using generative AI for product engineering.

Portfolio Pulse from Rounak Jain

November 28, 2023 | 10:10 am

AMZN

CRWD

CrowdStrike Holdings, Inc. (CRWD) is set to release its Q3 2024 financial results on Nov. 28, 2023. Analysts predict earnings of 74 cents per share and revenue of $777.13 million. The company's CrowdStrike Falcon Go is now available on Amazon's Amazon Business. CRWD shares rose 0.3% to $211.20. Analysts from BTIG, Needham, Keybanc, Truist Securities, and Jefferies have recently updated their price targets for CRWD, all maintaining positive ratings and increasing their targets.

Portfolio Pulse from Lisa Levin

November 28, 2023 | 10:08 am

RIVN

Rivian Automotive Inc (NASDAQ:RIVN) has started leasing its R1T electric trucks in select states with monthly payments starting at $782. The lease requires a $5,000 down payment, first month's payment, a $895 acquisition fee, and additional taxes and fees. Delivery times range from 1-6 weeks for inventory vehicles, while custom-built trucks take about 4 months. The $7,500 federal tax credit for electric vehicles is applicable to the lease.

Portfolio Pulse from Anan Ashraf

November 28, 2023 | 9:41 am

TSLA

Gary Black, co-founder of Future Fund, predicts an order boost for all Tesla models in December, citing increased interest in the Cybertruck as people queue outside showrooms. Black believes the Cybertruck will have a 'halo effect' on Tesla's entire lineup, similar to the Model Y launch impact in 2021. Tesla's stock closed slightly up at $236.08.

Portfolio Pulse from Shanthi Rexaline

November 28, 2023 | 9:22 am

UXIN

Uxin Ltd has opened a flagship factory store in Hefei, China, which started trial operations in September. Despite economic challenges, Uxin's retail sales volume grew by 35.6% in Q2, reaching 2,287 units. The Hefei store, a joint venture with Hefei City, features advanced used car remanufacturing and is the world's largest used car retail superstore, with a capacity for 10,000 vehicles. This store is expected to drive Uxin's business growth in the future.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 9:14 am

NXPI

NXP Semiconductors has introduced the Trimension™ NCJ29D6, a new ultra-wideband chip that offers secure ranging and short-range radar capabilities. This innovation is expected to enhance various applications by providing precise distance measurement and spatial awareness.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 8:44 am

MSI

Motorola Solutions has expanded its mobile video portfolio with the introduction of an LTE-enabled body camera designed to provide real-time field intelligence for emergency response. This new product is expected to enhance the capabilities of first responders by offering critical information on the go.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 8:09 am

TSLA

Ross Gerber, a prominent Tesla investor, faced backlash from Elon Musk supporters after he announced his decision to switch from a Tesla Model Y to a Rivian vehicle in response to Musk's endorsement of an antisemitic claim. Despite the backlash and speculation about his stance, Gerber humorously denied being bearish on Tesla. His actions and comments are being closely watched as Tesla prepares to launch the Cybertruck.

Portfolio Pulse from Benzinga Neuro

November 28, 2023 | 7:25 am

AMZN

CRWD

HPE

INTU

NTAP

SHOP

U.S. stocks closed lower on Monday, with the S&P 500 and Dow Jones ending their four-week gaining streak. The CNN Money Fear and Greed index indicated a slight decline in market sentiment but remained in the 'Greed' zone. E-commerce stocks like Shopify and Amazon performed well on Cyber Monday, while health care and industrials sectors saw the biggest losses. Investors are looking forward to earnings reports from HPE, CRWD, NTAP, and INTU. The Fear & Greed Index, which measures market sentiment, stayed in 'Greed' at a reading of 65.

Portfolio Pulse from Lisa Levin

November 28, 2023 | 7:24 am

ARGX

argenx reported that its ADVANCE-SC study of VYVGART Hytrulo in Primary Immune Thrombocytopenia failed to meet primary or secondary endpoints, although it maintained a favorable safety and tolerability profile.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 7:18 am