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KGRN

NIO

PGJ

NIO Inc. (NYSE:NIO) shares fell over 8% on Thursday, continuing a trend of losing over 45% in the past year. The company's founder, William Li, announced plans for European expansion despite potential EU tariffs on Chinese EVs. NIO opened a new showroom in Amsterdam and has 43 battery swap stations in Europe. Investors can gain exposure to NIO via KraneShares MSCI China Clean Technology Index ETF (NYSE:KGRN) and Invesco Golden Dragon China ETF (NASDAQ:PGJ).

Portfolio Pulse from Nabaparna Bhattacharya

May 23, 2024 | 4:49 pm

LI

NIO

XPEV

Shares of Chinese EV stocks are trading lower due to broader China market weakness, recent tariffs, and Tesla's new Shanghai Megafactory.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 4:48 pm

MDLZ

Mondelez International Inc (NASDAQ:MDLZ) has been fined 337.5 million euros by the European Union for anti-competitive practices. The fine was reduced by 15% after Mondelez admitted to the violations. The company restricted cross-border trade of its products within the EU, impacting wholesale clients and exclusive distributors. Mondelez shares are trading lower by 1.23% following the news.

Portfolio Pulse from Shivani Kumaresan

May 23, 2024 | 4:29 pm

TSLA

Elon Musk has stated that he supports the elimination of tariffs and tax credits for both electric vehicles and oil and gas vehicles. This stance could impact Tesla (TSLA) and other companies in the automotive sector.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 4:08 pm

AAPL

Apple is facing allegations from the Democratic Republic of Congo (DRC) that it is sourcing minerals from conflict areas in eastern Congo. Lawyers representing the DRC claim that minerals mined by armed groups are being smuggled through neighboring countries and may end up in Apple products. Despite Apple's claims of ethical sourcing, the DRC's lawyers argue that these claims lack verifiable evidence.

Portfolio Pulse from Stjepan Kalinic

May 23, 2024 | 3:52 pm

LYV

The U.S. Department of Justice has filed an antitrust lawsuit against Live Nation Entertainment Inc (NYSE: LYV), causing its shares to tumble. Live Nation argues that the lawsuit misattributes the causes of high ticket prices and denies that it operates as a monopoly.

Portfolio Pulse from Adam Eckert

May 23, 2024 | 3:51 pm

BHC

Bausch Health, Canada Inc. has announced additional Canadian public drug plan listings for UCERIS® (Budesonide) Aerosol Foam, which is used to treat mild to moderate distal ulcerative colitis in adults.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 3:48 pm

MSFT

Scarlett Johansson's dispute with OpenAI over the use of a voice similar to hers in the movie 'Her' has reignited Hollywood's concerns about AI. The controversy has raised ethical questions about AI's role in the entertainment industry, despite OpenAI's claims that the voice was not intended to resemble Johansson's. Microsoft-backed OpenAI faces criticism from industry insiders and actors union SAG-AFTRA, highlighting the need for ethical guidelines in AI usage.

Portfolio Pulse from Rounak Jain

May 23, 2024 | 3:37 pm

CLSK

COIN

MARA

RIOT

Shares of crypto stocks are trading lower due to volatility related to hopes of Ethereum ETF approval.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 3:23 pm

BA

Boeing shares are trading lower after the company CFO confirmed a report about delayed plane deliveries to China due to a Chinese regulatory review and said there won't be a step up in Q2 commercial jet deliveries.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 3:11 pm