Streetbeat News

Products Services

ABCL

Abcellera Biologics has taken ownership of an antibody drug candidate that was discovered as part of its collaboration with EQRX. The company is now advancing the drug candidate into IND-enabling studies.

Portfolio Pulse from Charles Gross

October 13, 2023 | 10:08 am

LCID

RIVN

TSLA

Lucid Group, Inc. (NASDAQ:LCID) has not yet released its Q3 delivery report, causing investor anxiety as its stock trades near record lows. The company has faced production issues and lukewarm demand for its higher-priced EVs due to economic uncertainties and aggressive price cuts by Tesla. In Q2, Lucid produced 2,173 EVs, down from 2,314 in Q1, and Q3 deliveries were significantly below forecasts at 1,404 units. The company revised its 2023 production guidance to over 10,000 units due to these challenges.

Portfolio Pulse from Shanthi Rexaline

October 13, 2023 | 10:00 am

GM

General Motors' (GM) autonomous vehicle subsidiary, Cruise, has made several updates to improve its vehicles' interaction with first responders. The changes include reducing speed when detecting sirens, improved emergency vehicle prediction capabilities, and better recognition of emergency scenes. If these measures are insufficient, the system allows first responders to manually control and relocate the vehicle. This comes after Cruise and Alphabet's Waymo received permits for 24/7 fare-based autonomous operations in San Francisco, despite resistance from various parties.

Portfolio Pulse from Anan Ashraf

October 13, 2023 | 9:23 am

EH

EHang Holdings Limited (NASDAQ:EH) has received a type certificate for its EH216-S passenger-carrying unmanned aerial vehicle system from the Civil Aviation Administration of China. This certification indicates that the EH216-S model design meets safety standards and airworthiness requirements, qualifying it for commercial operations. This is the world's first certificate for unmanned electric vertical take-off and landing aircraft, setting a benchmark for airworthiness certification of innovative eVTOLs globally.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 9:03 am

META

Meta Platforms Inc.'s Threads app has shown signs of resurgence, climbing in app rankings. However, user dissatisfaction persists due to the platform's vague stance on news content. Threads had crossed the 100 million sign-up mark in just five days of its launch, but it has since seen a considerable decline in active users, dropping from 3.3 million in July to 1.1 million in the first half of last month.

Portfolio Pulse from Ananya Gairola

October 13, 2023 | 8:48 am

WKEY

WISeKey's subsidiary, WISe.ART, has initiated a campaign to attract galleries, museums, and artists to its NFT marketplace. This move is aimed at expanding the company's presence in the growing NFT market.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 7:06 am

PETS

PetMed Express has partnered with Pumpkin Insurance to simplify and make pet care more affordable. The collaboration aims to provide comprehensive pet health solutions to customers.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 6:15 am

CCL

CUK

Carnival's Holland America Line has expanded its 'Explore With More' offer to now include air credit, bonus shore excursion credit, and a 'Kids Sail Free' option on select cruises.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 6:14 am

FSR

Fisker Inc (NYSE:FSR) plans to open a lounge in Shanghai, China in December 2023 or January 2024. The company, which currently delivers vehicles only in the U.S. and Europe, aims to start deliveries of the Fisker Ocean SUV in China by Q1 2024. The move is part of Fisker's goal to operate as a fully global firm and tap into the rapidly growing EV industry in China.

Portfolio Pulse from Anan Ashraf

October 13, 2023 | 5:38 am

TSLA

Tesla Inc (NASDAQ:TSLA) has launched new Cybertruck-inspired products on its merchandise store, including a limited edition set of CyberBeer and CyberStein. The products are a nod to the upcoming Cybertruck launch event. The beer is brewed and bottled in California by Buzzrock Brewing Co. The set, which also includes two matte black ceramic beer steins, can be ordered for $150 and will start shipping later this month.

Portfolio Pulse from Anan Ashraf

October 13, 2023 | 4:44 am