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RIVN

Rivian Automotive has launched a new referral program in the U.S. to reward customers who refer new buyers, similar to Tesla's scheme. The program offers points and charging benefits to both referrers and new buyers.

Portfolio Pulse from Anan Ashraf

August 30, 2024 | 10:25 am

ALNY

Alnylam Pharmaceuticals announced positive results from its HELIOS-B Phase 3 study of Vutrisiran, showing significant reductions in all-cause mortality and cardiovascular events.

Portfolio Pulse from Nabaparna Bhattacharya

August 30, 2024 | 10:07 am

TSLA

ZK

Zeekr, a Chinese EV manufacturer, is launching its first SUV, the Zeekr 7X, in China, priced lower than Tesla's Model Y. This move intensifies the price war in China's EV market, challenging Tesla's market position. Zeekr's aggressive pricing and technological advancements could impact Tesla's competitive edge.

Portfolio Pulse from Benzinga Neuro

August 30, 2024 | 10:01 am

TSLA

Tesla is recalling 870 Model X vehicles in China due to potential safety issues with roof trim panels. This recall is part of a series of recalls Tesla has issued recently, including a significant recall of 1.7 million vehicles in China. Despite these recalls, Tesla's stock has shown a slight increase in pre-market trading.

Portfolio Pulse from Benzinga Neuro

August 30, 2024 | 9:41 am

GOOG

GOOGL

Google, a subsidiary of Alphabet Inc., is investing over $850 million in a new data center in Canelones, Uruguay, marking its second facility in Latin America. This expansion is part of Google's broader global investment strategy in data centers, including significant investments in the US and Malaysia.

Portfolio Pulse from Benzinga Neuro

August 30, 2024 | 9:29 am

TSLA

XPEV

XPeng's new electric vehicle, Mona M03, has received over 30,000 orders within 48 hours of its launch, posing a competitive threat to Tesla in China. The Mona M03 is priced significantly lower than Tesla's Model 3, highlighting Tesla's challenges in the lower-end market segment.

Portfolio Pulse from Shanthi Rexaline

August 30, 2024 | 9:12 am

GM

General Motors (GM) is integrating its BrightDrop electric vans into the Chevrolet brand, allowing access to Chevrolet's commercial sales and service networks. This move aims to boost sales and service capabilities for BrightDrop's Zevo electric vans.

Portfolio Pulse from Anan Ashraf

August 30, 2024 | 8:55 am

EBS

Emergent BioSolutions' ACAM2000 vaccine has received FDA approval for use in preventing mpox in high-risk individuals, amidst a rising public health crisis.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2024 | 8:03 am

AAPL

Apple's upcoming iPhone 16 launch event, 'Glowtime', is expected to feature significant upgrades, including Apple Intelligence, without a price hike. Analyst Erik Woodring from Morgan Stanley suggests the iPhone replacement cycle will accelerate, potentially boosting Apple's stock performance. The iPhone 16 is anticipated to make up 68% of Apple's fiscal year 2025 shipments, with a 5% increase in average selling price. Morgan Stanley maintains an Overweight rating with a $273 price target for Apple.

Portfolio Pulse from Shanthi Rexaline

August 30, 2024 | 7:57 am

MNOV

MediciNova, Inc. has received a U.S. patent allowance for MN-166, a treatment for post-COVID conditions, ensuring protection through 2042.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2024 | 7:53 am