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VWAGY

South Korea is considering a mandate for automakers to disclose the brands of batteries used in their EVs following a recent fire incident involving a Mercedes-Benz EV. This move aims to address rising safety concerns and could impact automakers like Hyundai, Mercedes-Benz, and Volkswagen.

Portfolio Pulse from Benzinga Neuro

August 12, 2024 | 8:41 am

NIU

Niu Technologies reported a 20.8% YoY increase in e-scooter sales for Q2 2024, with 207,552 units sold in China (up 16.2% YoY) and 48,610 units sold internationally (up 45.4% YoY). The company has 3,124 franchised stores in China and 54 distributors covering 52 countries internationally.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 7:15 am

AAPL

Apple's upcoming AI-enabled iPhone 16 launch is expected to drive significant growth, with Wedbush analyst Daniel Ives predicting a 'supercycle' of upgrades. Initial shipments are estimated at 90 million+, surpassing previous estimates. The AI-driven upgrade cycle could lead to 240 million iPhone shipments in 2025 and an annual $10 billion incremental growth in Services. Despite some skepticism, Ives has an 'outperform' rating and a $285 price target for Apple stock.

Portfolio Pulse from Shanthi Rexaline

August 12, 2024 | 6:56 am

TSLA

Tesla's lead engineer confirmed that the rear-wheel drive variant of the Cybertruck has not been canceled and will be available later. Tesla revamped its Cybertruck order page to offer the Foundation series, a limited and pricier edition, instead of the non-Foundation version. The Foundation series includes two variants, while the non-Foundation series has three, including the rear-wheel drive version. Concerns have arisen about demand and the availability of the rear-wheel drive variant. Elon Musk reiterated the need to make the vehicle more affordable in the future.

Portfolio Pulse from Anan Ashraf

August 12, 2024 | 6:50 am

GOOG

GOOGL

TSLA

Waymo, a subsidiary of Alphabet Inc., has been causing disturbances in a San Francisco parking lot with its autonomous vehicles honking for extended periods. The company is aware of the issue and is working on a solution. This comes at a crucial time as Alphabet recently invested $5 billion in Waymo to bolster its technology and commercialization efforts. Waymo's performance sets a high standard for competitors like Tesla, which must meet similar metrics for regulatory approval of their robotaxi services.

Portfolio Pulse from Benzinga Neuro

August 12, 2024 | 6:36 am

RKLB

Rocket Lab USA, Inc. (NASDAQ:RKLB) successfully launched its 52nd Electron rocket, deploying Capella Space's Acadia satellite to low Earth orbit. This mission is part of a multi-launch contract with Capella Space.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 6:05 am

IBM

IBM has partnered with WWF-Germany to develop an AI solution aimed at conserving keystone species. This collaboration leverages IBM's technology to enhance wildlife monitoring and protection efforts.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 5:45 am

SDZNY

Sandoz has received FDA approval for Enzeevu, a biosimilar to treat neovascular age-related macular degeneration. This approval strengthens Sandoz's ophthalmology portfolio in the U.S. and is expected to drive significant growth.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 5:44 am

BTCUSD

Economist Peter Schiff reiterated his skepticism towards Bitcoin, stating he hasn't seen a compelling argument to embrace it. His comments follow a nearly 3% drop in Bitcoin's value over the weekend.

Portfolio Pulse from Aniket Verma

August 12, 2024 | 4:41 am

AAPL

Apple Inc. (NASDAQ:AAPL) has decided to revise its Photos app in the forthcoming iOS 18 and iPadOS 18, following negative feedback from users. The carousel feature has been eliminated from the latest beta version, and other user-friendly changes have been made. Apple plans to integrate iOS 18 into the upcoming iPhone 16 line, with a stable release expected in mid-to-late September.

Portfolio Pulse from Ananya Gairola

August 12, 2024 | 3:35 am