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TAP

TLRY

Nevis Brands Inc. has secured an agreement with Blaze Life Holdings LLC to produce and distribute its THC beverage, Major, in California. The company anticipates production and distribution to begin in 2023. Meanwhile, Tilray Brands, Inc recently acquired the remaining 57.5% equity ownership of Truss Beverage Co. from Molson Coors Beverage Co.

Portfolio Pulse from Jelena Martinovic

October 05, 2023 | 4:10 pm

NBTX

Nanobiotix announced the presentation of a final efficacy analysis from the Phase 1 cohort expansion evaluating NBTXR3 in locally advanced head and neck cancer. Following the announcement, the company's shares are trading lower.

Portfolio Pulse from Bill Haddad

October 05, 2023 | 4:05 pm

GM

General Motors (GM) has at least 20 million vehicles with potentially explosive air-bag parts. The National Highway Traffic Safety Administration (NHTSA) is holding a meeting to consider whether to order a recall over the air-bag components. GM is continuing to investigate the cause of the problem.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 3:56 pm

HYMTF

TSLA

Hyundai Motor Co., Ltd. (OTC:HYMTF) has announced plans to adopt Tesla, Inc.'s (NASDAQ:TSLA) electric vehicle charging technology in the U.S. and Canada. The collaboration will commence in Q4 2024 for the U.S. and H1 2025 for Canada, allowing Hyundai EVs with North American Charging Standard (NACS) ports access to over 12,000 Tesla Superchargers. Hyundai's E-GMP vehicles, including IONIQ 5 and IONIQ 6, and the forthcoming IONIQ 7, will benefit from this. Hyundai recently invested $400 million for a 5% stake in Korea Zinc to secure a stable supply of essential materials for EV battery production.

Portfolio Pulse from Nabaparna Bhattacharya

October 05, 2023 | 3:38 pm

MSFT

PYPL

TSLA

PayPal co-founder Peter Thiel discussed the ongoing debate between computer scientists and physicists about whether we live in a multiverse or a simulation. He noted a recent shift towards the simulation theory. Thiel also touched on the topic of artificial general intelligence (AGI), questioning its safety and alignment with human vision. Tech leaders like Elon Musk of Tesla and Bill Gates of Microsoft have previously expressed concerns about AI development.

Portfolio Pulse from Rounak Jain

October 05, 2023 | 3:37 pm

STLA

Stellantis NV has announced that from 2024, all new models of DS Automobiles will be exclusively 100% electric. This move is part of the company's strategy to transition towards sustainable mobility.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 3:32 pm

JPM

JPMorgan Chase & Co. (NYSE:JPM) is transitioning to a product-operating model to compete with smaller, agile financial services providers. The company has undergone a significant transformation, reshaping its organizational structure around products. The new model allows for swift decision-making and efficient cross-team communication. The company is also focusing on automation testing and leveraging customer data to offer personalized experiences. The company's Chief Information Officer of Consumer and Community Banking, Gill Haus, believes this approach will lead to the launch of new products and innovations in 2024.

Portfolio Pulse from Renato Capelj

October 05, 2023 | 3:23 pm

NKLA

RIVN

TSLA

Nikola Corporation's shares are trading lower, with a decrease of over 18% in the last five days. This comes despite the recent launch of its hydrogen fuel cell electric vehicle. Meanwhile, Tesla and Rivian reported their Q3 vehicle production figures, with Tesla's production down from Q2 and Rivian's in line with expectations. 20.35% of available NKLA shares are being sold short.

Portfolio Pulse from Erica Kollmann

October 05, 2023 | 3:21 pm

AAPL

AMZN

GOOG

META

MSFT

NVDA

QQQ

SPY

TSLA

USO

WMT

President Biden's security plan for the Middle East, which could lead to increased oil production from Saudi Arabia, has caused the biggest fall in oil prices in a year. This is generally positive for the stock market, except for oil stocks. Walmart has reported that people on weight loss drugs are buying less food, which could negatively impact many med-tech, restaurant, alcohol, and food and beverage stocks. Money flows are positive for Tesla and NVIDIA, but negative for Apple, Amazon, Alphabet, Meta Platforms, and Microsoft. Money flows are mixed for SPDR S&P 500 ETF Trust and Invesco QQQ Trust Series 1.

Portfolio Pulse from The Arora Report

October 05, 2023 | 3:15 pm

LCID

Lucid Group has announced the launch of the Lucid Air Pure RWD with a starting price of $77,400. This news has led to a decrease in the company's share price.

Portfolio Pulse from Bill Haddad

October 05, 2023 | 3:12 pm