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Ford Motor CFO states that GigaCasting technology offers a significantly lower cost opportunity for the company, as they explore options for second-generation electric vehicles (EVs).

Portfolio Pulse from Benzinga Newsdesk

June 15, 2023 | 2:24 pm

AAPL

Apple Inc.'s stock price reached an all-time high of $184 following the launch of its new product, Vision Pro. The 45% rebound in Apple shares from a major low point in January 2023 signals a robust recovery and the potential for further growth. If the share price successfully moves beyond current resistance levels, it may approach the next psychological resistance point of $200.

Portfolio Pulse from Zaheer Anwari

June 15, 2023 | 2:24 pm

ELOX

Eloxx Pharmaceuticals announced the final data assessment from the Phase 2 trial of ELX-02, its lead investigational product candidate for cystic fibrosis. The trial showed clinically relevant improvement in lung function, but did not achieve statistical significance for efficacy endpoints. ELOX shares are up 2.44% in premarket trading.

Portfolio Pulse from Vandana Singh

June 15, 2023 | 2:14 pm

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Ford Motor's CFO revealed that the company is working on third-generation electric vehicles (EVs) while some competitors are still ramping up their first EVs.

Portfolio Pulse from Benzinga Newsdesk

June 15, 2023 | 2:13 pm

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TSLA

WKSP

Toyota announced a breakthrough in battery technology, claiming solid-state batteries will improve driving range and cut EV costs. Ford filed a patent for a roof-mounted backup EV battery system. Worksport has two groundbreaking products, SOLIS solar-powered tonneau cover and COR on-the-go power system.

Portfolio Pulse from Upwallstreet

June 15, 2023 | 2:12 pm

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Ford Motor's CFO stated that the company has no plans to invest significantly in refining battery materials and will instead rely on partnerships.

Portfolio Pulse from Benzinga Newsdesk

June 15, 2023 | 2:11 pm

WORX

SCWorx shares resumed trading after a circuit breaker halt and surged 245% following the announcement of a $35 million purchase order for rapid COVID-19 test kits.

Portfolio Pulse from Benzinga Newsdesk

June 15, 2023 | 2:06 pm

EPAM

GOOG

GOOGL

EPAM Systems announces a strategic global partnership with Google Cloud to develop and deploy AI-first solutions for enterprises. The partnership aims to help businesses overcome operational challenges and drive transformational growth using AI and ML technologies.

Portfolio Pulse from Benzinga Newsdesk

June 15, 2023 | 2:04 pm

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SPY

Ford Motor's CFO announced plans to reduce battery costs by focusing on optimizing the size of batteries for each vehicle.

Portfolio Pulse from Benzinga Newsdesk

June 15, 2023 | 2:03 pm

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Ford Motor's CFO announced that the company's second-generation electric vehicles (EVs) at mid-decade will have a 50% reduction in manufacturing and engineering costs.

Portfolio Pulse from Benzinga Newsdesk

June 15, 2023 | 2:01 pm