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MRK

Merck's Phase 3 KEYNOTE-564 trial evaluating KEYTRUDA, an anti-PD-1 therapy, has met its key secondary endpoint of overall survival. Previously, the trial had met its primary endpoint of disease-free survival, reducing the risk of disease recurrence or death by 32% compared to placebo.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 10:37 am

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GM

STLA

Stellantis NV's Chrysler has recalled over 97,000 Jeep Grand Wagoneer and Wagoneer SUV vehicles due to faulty seat belts. The company will replace the seat belt buckle free of charge. This year, Chrysler has issued 40 recalls affecting over 2.5 million vehicles, second only to Ford Motor Co. which has issued 48 recalls affecting 5.4 million vehicles. General Motors Co. has issued 19 recalls.

Portfolio Pulse from Anan Ashraf

November 01, 2023 | 10:05 am

TSLA

Tesla CEO Elon Musk recently stated that the company aims to produce 200,000 units of Cybertruck per year, which is a downward adjustment from the previous guidance of 250,000 units per year. This has led to questions about whether this is an official guidance cut or a slip. Despite the production challenges, demand for the Cybertruck remains strong with over 2 million reservations. Tesla's stock ended Tuesday's session up 1.76% to $200.84.

Portfolio Pulse from Shanthi Rexaline

November 01, 2023 | 9:58 am

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GM

Despite growing interest in electric vehicles (EVs), high costs are discouraging potential buyers, leading to a slowdown in demand. Major automakers like Ford and General Motors have reevaluated their EV strategies in response to this slower-than-expected growth in EV demand. Ford has paused $12 billion in planned EV investments, while General Motors has delayed its target of building 400,000 EVs by mid-2024.

Portfolio Pulse from Benzinga Neuro

November 01, 2023 | 9:48 am

XPEV

Chinese EV maker XPeng Inc (NYSE:XPEV) reported strong October 2023 deliveries, setting a new record of 20,002 smart EVs, a 292% Y/Y increase and a 31% increase over the previous month. The company also plans to expand the rollout of XNGP functions and launch the AI Valet Driver feature by year-end. XPEV will release its Q3 FY23 earnings results on November 15, 2023.

Portfolio Pulse from Lekha Gupta

November 01, 2023 | 9:42 am

AAPL

A new leak suggests that Apple Inc.'s iPhone 16 may feature a capacitive button, potentially a dedicated capture button. The leak also hints at a relocated mmWave antenna, likely moved to the device’s left side to make room for the new button. The introduction of an additional capacitive button could provide users with more control over their device’s functionality. The relocation of the antenna suggests that Apple is optimizing the design and usability of their devices.

Portfolio Pulse from Rounak Jain

November 01, 2023 | 9:30 am

HLT

Hilton Worldwide Holdings Inc. (NYSE:HLT) has partnered with Hallmark Channel to offer Christmas-themed suites at select Hilton Hotels & Resorts properties in New York, Houston, and Chicago. The suites, inspired by Hallmark's 'Countdown to Christmas' movies, are available for booking from November 7, 2023, to early January 2024. HLT shares closed higher by 0.17% at $151.53 on Tuesday.

Portfolio Pulse from Shivani Kumaresan

November 01, 2023 | 9:30 am

ADDYY

NKE

Adidas (OTC:ADDYY) is banking on its classic Samba sneaker to fill the $2 billion gap left by the dissolution of its Yeezy partnership with Ye, formerly known as Kanye West. The company is increasing production of its retro models, potentially reaching a rate of 15 million pairs a year. Adidas' stock has seen a 30% rise this year, outperforming a 14% drop in Nike's (NYSE:NKE). The company is set to update investors on its financial performance on Nov. 8.

Portfolio Pulse from Benzinga Neuro

November 01, 2023 | 8:51 am

LI

Li Auto reported a 302.1% YoY increase in vehicle deliveries for October 2023, with a total of 40,422 vehicles delivered. This marks the first time monthly deliveries have exceeded 40,000. Cumulative deliveries for 2023 reached 284,647. The company also expanded its retail presence to 372 stores in 133 cities and 315 servicing centers in 210 cities.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 8:33 am

XPEV

XPeng Inc. reported a record high of 20,002 Smart EV deliveries in October 2023, a 31% increase from the previous month and a 292% YoY increase. The company's XPENG G6 model was a best-seller in its price segment with 8,741 units delivered. XPENG also unveiled its go-to-market plan for its ADAS - XNGP, aiming for nationwide coverage in 2024.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 8:30 am