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TSLA

Tesla's announcement of a timeline for releasing its full self-driving (FSD) technology in China and Europe by Q1 2025 has been criticized by GLJ Research CEO Gordon Johnson as a 'meaningless announcement' aimed at boosting stock prices. Johnson accuses Tesla of using such announcements to counteract poor earnings results. Despite this, Tesla bull Gary Black believes the timeline aligns with expectations. Tesla's stock has declined 11.7% year-to-date amid challenges like waning demand and increased competition.

Portfolio Pulse from Anan Ashraf

September 05, 2024 | 1:04 pm

SCLX

Scilex Holding Company will present research on dosing adjustments for gout patients with renal impairment using their product GLOPERBA® at the 2024 American College of Rheumatology Convergence conference. The presentation highlights the unique precision dosing capabilities of GLOPERBA®, which recently received FDA approval for an updated label.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 1:02 pm

CPCAY

EADSY

RLLCF

Cathay Pacific's A350 fleet faced an engine issue, prompting Airbus and Rolls-Royce to address the situation. While no global inspections are currently advised, the final decision lies with regulators. Airlines like Singapore Airlines and Japan Airlines are conducting precautionary checks. The incident involved a fuel leak in a Rolls-Royce engine, and Cathay Pacific plans to resume operations after repairs.

Portfolio Pulse from Nabaparna Bhattacharya

September 05, 2024 | 1:02 pm

LRN

Stride, Inc. has launched Road2Teach, a new teacher preparation program in Indiana, approved as a Transition to Teaching education preparation program. It combines online coursework and a teaching internship to help aspiring teachers transition and pass certification exams.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 1:00 pm

USO

OPEC+ is reportedly close to agreeing on delaying an increase in oil output, which could impact oil prices. This decision is significant for investors in oil-related assets, including the United States Oil Fund (USO).

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 12:51 pm

XOM

Exxon Mobil Corporation, represented by an executive at the Barclays 38th Annual CEO Energy-Power Conference, announced a target of 15% returns from its $20 billion investment in low carbon business initiatives.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 12:50 pm

EPI

FLIN

INDA

VIXY

VXX

BlackRock's Gargi Pal Chaudhuri advises investors to expect short-term volatility in U.S. equities but remain positive about medium- to long-term prospects, especially with potential Fed rate cuts. She also highlights India's market as a promising opportunity for foreign investors.

Portfolio Pulse from Surbhi Jain

September 05, 2024 | 12:47 pm

CNDT

Conduent Incorporated has been selected by the American Samoa Department of Human and Social Services to modernize the American Samoa Nutrition Assistance Program system. This involves converting the paper voucher system to EBT cards, enhancing security and accessibility for beneficiaries.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 12:45 pm

CTCX

Carmell Corporation has partnered with Ladies Playbook to enhance its direct-to-consumer and e-commerce channels for its regenerative skincare brand, Carmell Secretome. This partnership aims to target the NFL community.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 12:45 pm

FND

Floor & Decor (NYSE:FND) has announced the grand opening of its first warehouse location in Portland, Maine. This expansion marks the company's entry into the Maine market, offering a wide selection of hard-surface flooring products.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 12:45 pm