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BGLC

BioNexus Gene Lab Corp. (NASDAQ:BGLC) announced a successful co-investment by the Securities Commission of Malaysia into Ascension Innovation Sdn Bhd, under the Malaysia Co-Investment Fund. This investment aligns with BGLC's Environmental & Social Impact Scheme, supporting innovative healthcare solutions.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 3:43 pm

TSLA

Tesla shares are trading lower following Canada's announcement of a 100% EV tariff on China. This impacts Tesla as Model 3 and Model Y vehicles are exported from Shanghai to Canada.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 3:36 pm

DOW

IYM

LIN

XLB

Linde plc (NASDAQ:LIN) is investing over $2 billion in a clean hydrogen facility in Alberta, Canada, and has signed a long-term supply agreement with Dow Inc. (NYSE:DOW). The facility will be the largest in Canada and one of the largest globally, supporting Dow's net-zero emissions project. Linde's shares rose 0.60% following the announcement.

Portfolio Pulse from Lekha Gupta

August 27, 2024 | 3:32 pm

VGK

XPEV

Xpeng is planning to establish a manufacturing site in Europe to mitigate the impact of import tariffs. The company is in the early stages of site selection in the EU, focusing on areas with low labor risks. Additionally, Xpeng plans to set up a large-scale data center in Europe to support its intelligent driving features. Despite higher levies, Xpeng's global expansion plans remain unchanged, although profits from European countries may be reduced.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 3:23 pm

WMS

Advanced Drainage Systems (NYSE:WMS) has partnered with Geoplast to distribute the Aquabox stormwater management system in the U.S., expanding its product portfolio.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 3:17 pm

NVDA

TSM

China's export controls on semiconductor materials like germanium and gallium are impacting global supply chains, affecting companies like Taiwan Semiconductor (TSM) and Nvidia (NVDA). These restrictions are causing cost spikes and potential price increases for AI chips.

Portfolio Pulse from Anusuya Lahiri

August 27, 2024 | 3:15 pm

USO

Venezuela's President Maduro is preparing to make executive changes at the state oil company PDVSA, according to company sources. This move could impact the global oil market and related assets.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 3:14 pm

SNAP

Snapchat has launched native support for iPads, allowing the app to fill the iPad's full screen. This update enhances accessibility and positions Snapchat to better compete with TikTok, which already supports larger screens. Instagram has yet to release a native iPad app, giving Snapchat a competitive edge.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 3:11 pm

TSLA

XPEV

Xpeng has launched its mass-market Mona M03 electric vehicle, priced under $17,000, with basic driver-assist features. This positions Xpeng as a competitive player in the affordable EV market, challenging Tesla's pricing in China. The Mona M03 uses technology from Didi and BYD's blade battery to reduce costs.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 3:10 pm

BLCR

SONY

SROI

Sony Group Corporation (NYSE:SONY) shares are trading higher after announcing a 20% price increase for its PlayStation 5 console in Japan due to global economic fluctuations. Despite a decrease in expected PS5 sales, Sony's game-division profit is projected to exceed guidance. Investors can gain exposure to Sony through ETFs like BlackRock Large Cap Core ETF (NASDAQ:BLCR) and Calamos Antetokounmpo Global Sustainable Equities ETF (NYSE:SROI).

Portfolio Pulse from Nabaparna Bhattacharya

August 27, 2024 | 3:06 pm