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Volkswagen AG is initiating its first autonomous vehicle test program in Austin, Texas, in July 2023, with a fleet of 10 all-electric ID Buzz vehicles. The company has partnered with Mobileye Global Inc. for the development. The vehicles will be equipped with cameras, radar, and lidar technology. Volkswagen plans to expand its test fleet in Austin and at least four more American cities over the next three years. The company expects a commercial launch of autonomous driving vehicles in Austin by 2026.

Portfolio Pulse from Nabaparna Bhattacharya

July 06, 2023 | 4:12 pm

AMZN

GOOG

GOOGL

META

MSFT

SSNLF

Google, a subsidiary of Alphabet Inc, has delayed the release of its first fully customized chip for its Pixel phones by at least one year, pushing it to 2025. The chip, dubbed Redondo, was initially planned to replace the semi-custom chips currently designed with Samsung Electronics. Google will continue to work with Samsung for another year. Other companies like Meta Platforms, Microsoft, and Amazon are also moving towards custom chips for their AI models.

Portfolio Pulse from Anusuya Lahiri

July 06, 2023 | 4:05 pm

GOOG

META

SNAP

Meta Platforms (NASDAQ:META) has launched a Twitter-like app, Threads, which has quickly gained popularity with 10 million users in one day. The app is linked to Instagram accounts, potentially reaching over 100 million users in the US. However, Meta is facing regulatory challenges in the EU over its use of personal data for online advertising. The EU's top court ruled that Meta cannot justify its use of personal data for ad targeting without user approval. This ruling could have far-reaching implications for other tech companies like Alphabet Inc (NASDAQ:GOOG).

Portfolio Pulse from Upwallstreet

July 06, 2023 | 3:59 pm

GOOG

GOOGL

MrBeast, a popular YouTuber, has surpassed 150 million subscribers, making him the most followed individual account on the platform. His content, which often involves large-scale stunts and generous giveaways, has been both praised and criticized. The YouTuber's rise and influence were discussed in a recent podcast interview with Max Read, who has been observing MrBeast's career for several years. MrBeast's content is hosted on YouTube, a unit of Alphabet Inc.

Portfolio Pulse from Chris Katje

July 06, 2023 | 3:27 pm

META

Meta Platforms Inc (NASDAQ:META) is set to launch Threads, a text-based conversation app, in over a hundred countries. The app is expected to compete with Twitter and enhance user engagement through integration with Instagram. Meta's stock has shown a bullish trend since November 2022, with a total increase of 139% since the start of the year. The stock price is nearing the resistance level of $300, and breaking through could lead to a surge in the stock price.

Portfolio Pulse from Zaheer Anwari

July 06, 2023 | 3:10 pm

BRQS

Borqs Technologies and SkyCentrics have announced the launch of the CTA-2045 ECOPORT communication products, leading to a rise in Borqs' share prices.

Portfolio Pulse from Benzinga Newsdesk

July 06, 2023 | 2:51 pm

IXHL

Incannex Healthcare Limited (NASDAQ:IXHL) has received approval to commence a bioavailability/bioequivalence clinical trial on IHL-42X, its proprietary drug for treatment of obstructive sleep apnea. The trial will assess the pharmacokinetics and tolerability of the two active pharmaceutical ingredients in IHL-42X, dronabinol and acetazolamide. The trial will be conducted at CMAX Clinical Research in Adelaide, South Australia and managed by Novotech. The results will form a critical component of a future new drug application.

Portfolio Pulse from Vuk Zdinjak

July 06, 2023 | 2:43 pm

NNVC

NanoViricides, Inc. (NNVC) reports that the clinical trial of its broad-spectrum antiviral drug NV-CoV-2 is progressing well. The drug is in Phase1a/1b Safety and Preliminary Efficacy Human Clinical Trials initiated by Karveer Meditech Pvt. Ltd. India. The drug has shown no adverse events to date at any of the dose levels. The company believes that NV-CoV-2 will be usable in all segments of patient populations and could satisfy many unmet medical needs for the global population.

Portfolio Pulse from Happy Mohamed

July 06, 2023 | 2:35 pm

ECOR

electroCore, Inc.’s (NASDAQ:ECOR) gammaCore non-invasive vagus nerve stimulation (nVNS) has been selected for studies on effects of cannabinoids and alternative care on athlete pain management and performance. The studies are funded by NFL and NFLPA research grants awarded to independent medical researchers at the American Society of Pain and Neuroscience and Emory University. The nVNS will be used in a pilot study assessing non-invasive treatment of refractory post-concussion headache pain.

Portfolio Pulse from Vuk Zdinjak

July 06, 2023 | 2:21 pm

BRQS

Borqs Technologies, in partnership with SkyCentrics, has launched the next generation CTA-2045 ECOPORT communication products. The products, used for smart management of water heaters, pool pumps, and other EcoPorts, are expected to start commercial shipment in Q3 2023. The new products are more price competitive and have better cellular coverage. Borqs' shares are trading higher by 29.5%.

Portfolio Pulse from Nabaparna Bhattacharya

July 06, 2023 | 2:18 pm