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TSLA

ZSB

Elon Musk and LG Energy Solution (LGES) have expressed concerns about the impact of high interest rates on the electric vehicle (EV) market. LGES, a battery supplier to Tesla, warned of slowing EV sales, causing its shares to hit a year-low. Automakers, including Tesla, General Motors, and Ford, are slowing down their EV factory expansion plans due to weaker demand forecasts. However, LGES plans to increase production capacity at its Arizona battery plant to capitalize on tax credits. The USCF ETF Trust USCF Sustainable Battery Metals Strategy Fund (NYSE:ZSB) offers exposure to the EV battery and electrification adoption.

Portfolio Pulse from Melanie Schaffer

October 31, 2023 | 4:10 pm

NVAX

The European Medicines Agency has recommended the approval of an adapted version of the Nuvaxovid Covid-19 vaccine, developed by Novavax, which targets the Omicron XBB.1.5 variant.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 4:03 pm

AAPL

Apple Inc. has updated its iMac after two years, introducing the M3 chip. The new M3 chip delivers up to 50% faster CPU performance, 60% faster neural performance, and 50% more power efficiency than the M1 chip. The M3 iMac also supports Wi-Fi 6E and Bluetooth 5.3, compared to Wi-Fi 6 and Bluetooth 5.0 in the M1 iMac. However, other features remain the same, and the M3 iMac offers only a few minor upgrades over the M1 iMac.

Portfolio Pulse from Rounak Jain

October 31, 2023 | 4:02 pm

GRTX

Galera Therapeutics announced that its GRECO-2 trial did not pass futility analysis and it will discontinue both GRECO trials. The company is also reviewing potential strategic alternatives.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 3:25 pm

EVAX

Evaxion Biotech A/S (NASDAQ:EVAX) has announced initial results from the EVX-01 Phase 2 clinical trial, confirming previous successful Phase 1 findings. The data shows a favorable safety profile of EVX-01 and promising immunological and clinical outcomes. A significant tumor reduction was observed in a metastatic melanoma patient with initial progressive disease after EVX-01 treatment. The company believes that its AI-Immunology™ platform has the potential to revolutionize the field of oncology and infectious diseases.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 3:17 pm

EWL

F

Ford Motor Co is launching its electric F-150 Lightning truck in Switzerland, marking the second European market for the vehicle after Norway. The truck, which can be ordered from November, is priced at 127,000 Swiss Francs.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 3:07 pm

AAL

American Airlines has announced the launch of more than 50 new routes in 2023, expanding its service to over 350 destinations worldwide. The airline plans to continue adding new routes through the summer of 2024.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 3:05 pm

SPRC

SciSparc Ltd. (NASDAQ:SPRC) stock is surging after the company announced it received acceptance from the Australian patent office for its patent application for its Combination of Opioids and N-Acylethanolamines for pain treatment. The patent was granted by IP Australia. The company's stock has seen heavy trading volume following the announcement, with over 13 million shares traded in the session, compared to the stock's 100-day average of just over 830 thousand shares. The stock is up 67% at $5.70 at the time of publication.

Portfolio Pulse from Erica Kollmann

October 31, 2023 | 3:00 pm

CRM

TikTok has announced a new integration with Salesforce Marketing Cloud, allowing advertisers to transfer leads in real time. The no-code solution will enable immediate actionability and a higher likelihood of conversion for Salesforce Marketing Cloud customers. The integration will be available on AppExchange, Salesforce's enterprise cloud marketplace. The new tool will allow for real-time lead transfer, fast follow-up, and personalized engagement.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 2:09 pm

AMCX

PARA

AMC Networks International UK, a joint venture between AMC Networks and Paramount Global, plans to rebrand its portfolio of UK channels and streaming services. The rebranding, which will be rolled out on November 22, aims to provide a clearer look and offering across the joint venture's channels and services in the UK. CBS Reality will be renamed to TRUE CRIME, and streaming brand True Crime from CBS Reality will change to TRUE CRIME UK. Entertainment channel LEGEND will also undergo a brand transformation.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 2:08 pm