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BIDU

NVDA

NVIDIA Corp. CEO Jensen Huang has recognized Huawei Technologies as a significant competitor in the AI chip market. During his visit to Singapore, he acknowledged the competition from Huawei, Intel, and various startups. Huawei has impressed the industry with a sophisticated smartphone processor and is a key player in China's independent chip environment. NVIDIA plans to launch new products for the Chinese market, complying with U.S. regulations. Baidu Inc. has switched from NVIDIA to Huawei for AI chips, highlighting shifts in global tech partnerships due to U.S. tech export restrictions.

Portfolio Pulse from Benzinga Neuro

December 06, 2023 | 11:40 am

AMZN

Wilson Lima, the governor of Amazonas state in Brazil, is requesting Jeff Bezos to pay royalties for Amazon.com Inc.'s use of the 'Amazon' name. Lima plans to discuss this at the COP28 climate summit and has highlighted the importance of the Amazon rainforest on Instagram. Bezos, with a net worth of $171 billion, has contributed to environmental causes through the Bezos Earth Fund. The Brazilian government also announced a new $205 million fund to preserve the Amazon rainforest at COP28.

Portfolio Pulse from Benzinga Neuro

December 06, 2023 | 11:29 am

CDIO

Cardio Diagnostics Holdings, Inc. (CDIO) has regained compliance with Nasdaq's minimum bid price requirement for continued listing on The Nasdaq Capital Market. The company received a notification from Nasdaq on December 5, 2023, confirming that it meets the Minimum Bid Requirement set forth in Nasdaq Listing Rule 5550(a)(2).

Portfolio Pulse from Charles Gross

December 06, 2023 | 11:13 am

TSLA

Tesla Inc (NASDAQ:TSLA) is offering discounts on inventory Model 3 vehicles, with a rear-wheel drive (RWD) version available for about $28,000 after a $7,500 federal tax incentive. This price is valid until December 31, after which the incentive will be reduced to $3,750 due to new guidance aimed at reducing Chinese content in EV batteries. State-wide incentives could further lower the price, but these come with income restrictions. Elon Musk has commented that such incentives are hard to access for the average person, making Tesla vehicles more expensive in the short term compared to competitors like the Toyota Corolla or RAV4.

Portfolio Pulse from Anan Ashraf

December 06, 2023 | 10:55 am

NVDA

Nvidia's stock (NVDA) rose 1% in premarket trading after CEO Jensen Huang announced the company's commitment to developing new products that adhere to U.S. government export regulations to China. This statement comes amidst heightened regulatory scrutiny over technology exports to China, which could impact Nvidia's business operations in the region.

Portfolio Pulse from Charles Gross

December 06, 2023 | 10:38 am

AAPL

FXI

INDA

Apple Inc. is reportedly shifting towards manufacturing iPhone batteries in India, as part of its strategy to diversify its supply chain away from China. This move is seen as an effort to mitigate risks associated with over-reliance on Chinese manufacturing and to take advantage of potential cost savings and favorable government policies in India.

Portfolio Pulse from Charles Gross

December 06, 2023 | 10:09 am

TMO

Thermo Fisher Scientific Inc. (NYSE:TMO) has entered into a 15-year virtual power purchasing agreement (VPPA) with ib vogt for a 91-megawatt portion of the Serbal solar project. This will provide Thermo Fisher with approximately 192,000 megawatt hours of renewable electricity annually, covering over half of its European sites with 100% renewable energy by January 2025. Eurofins Scientific also joined the deal for a 36-megawatt portion, aiming to reduce both companies' Scope 2 and Scope 3 emissions.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 8:05 am

PBTS

Powerbridge Technologies Co., Ltd. has received a notification from Nasdaq regarding a deficiency in meeting the minimum bid price requirement. The company's stock has been trading below the required $1.00 minimum bid price for the last 30 consecutive business days. Powerbridge Technologies is required to regain compliance within 180 calendar days, or by September 12, 2023. If the company does not achieve compliance by this deadline, it may be eligible for an additional 180-day grace period if it meets all other listing requirements. The company intends to monitor the bid price for its common shares and may, if appropriate, consider implementing available options to regain compliance.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 7:30 am

TEVA

Teva Pharmaceutical Industries Ltd. disclosed a new post hoc analysis from Phase 3 studies showing that AJOVY (fremanezumab) is effective and safe in reducing migraine attacks in adults with migraine and co-morbid obesity. The analysis, derived from the HALO-LTS and FOCUS studies, was presented at the 17th European Headache Congress in Barcelona, Spain. Obesity is a significant risk factor for migraines, often leading to increased frequency and severity of attacks.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 7:13 am

ARKK

BLK

GBTC

JPM

Asset managers are preparing for Bitcoin acquisitions in anticipation of Bitcoin ETFs, with Moody's Analytics director Yiannis Giokas attributing the recent Bitcoin price surge to the expected SEC approval of these ETFs. Bloomberg predicts a 90% chance of approval by Jan. 10. Discussions involve major players like Blackrock, Ark Invest, and Grayscale Investments. While some industry insiders expect a capital influx post-ETF launch, JPMorgan warns of potential price pressure. Bitcoin's price has recently surpassed $41,000, with analysts suggesting a 'Buy the rumor, sell the news' scenario.

Portfolio Pulse from Benzinga Neuro

December 06, 2023 | 7:12 am