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FULC

SNY

Fulcrum Therapeutics has entered into a licensing agreement with Sanofi for the commercialization of losmapimod, a treatment for Facioscapulohumeral Muscular Dystrophy. Fulcrum will receive an $80M upfront payment and could receive up to $975M in milestones. Sanofi gets exclusive rights outside the U.S., while Fulcrum retains U.S. rights.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 10:04 am

HUYA

HUYA reported its Q1 2024 adjusted earnings per ADS at $0.05, with sales reaching $208.308 million, a decrease from $283.83 million year-over-year.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 10:04 am

AAPL

Apple Inc. has seen a significant increase in iPhone exports from India, with April figures nearly doubling to $1.1 billion from $580 million the previous year. This growth could position India as Apple's second-largest iPhone manufacturing hub after China. Currently, 14-15% of Apple's total iPhone production is in India, with projections to rise to 26% by 2026. Apple's production in India for FY2024 reached $14 billion, with exports over $10 billion, marking the highest annual export value by any company in India. Apple's contract manufacturers in India, including Foxconn, Wistron (now owned by Tata Group), and Pegatron (in talks for a majority stake sale to Tata), benefit from India's production-linked incentive (PLI) scheme. Apple's market presence in India is also growing, with a 38% YoY growth and aims to increase its local market share.

Portfolio Pulse from Shomik Sen Bhattacharjee

May 13, 2024 | 9:37 am

TME

Tencent Music Entertainment (TME) reported a Q1 revenue of $937M, marking a 3.4% decrease year-over-year. The adjusted earnings per ADS (American Depositary Share) stood at $0.15.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 9:05 am

SRAD

Sportradar's Alpha Odds technology, leveraging AI for personalized odds, increased sportsbook profits by 15% during UEFA European Championship Qualifying Matches. With the UEFA Euro 2024 expected to generate over €62.2 billion in betting turnover, Alpha Odds is positioned to further enhance profitability for operators by offering more accurate game event predictions and risk management.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 7:19 am

TSLA

Tesla Inc (NASDAQ:TSLA) has received approval for a new megafactory in Shanghai's Lingang New Area, China, dedicated to producing Megapacks, Tesla's powerful stationary batteries. The factory, spanning over 204,000 square meters, aims to start deliveries by Q1 2025, with plans to manufacture 10,000 Megapacks annually. This expansion aligns with Tesla's focus on energy storage products, which have seen significant demand and growth, outpacing the automotive sector in deployment and revenue growth.

Portfolio Pulse from Anan Ashraf

May 13, 2024 | 7:10 am

SMCI

Supermicro, Inc. (NASDAQ:SMCI) is showcasing its Rack Scale Liquid-Cooled Solutions at the International Supercomputing Conference, targeting AI and HPC convergence. These solutions aim to meet the high demands of customers looking to expand their AI and HPC capabilities while significantly reducing data center power requirements. Supermicro's offerings include complete liquid-cooled solutions that can reduce data center power consumption by up to 40%.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 7:08 am

CMCL

Caledonia Mining (AMEX:CMCL) reported a decrease in Q1 EPS to $0.27 from $0.29 YoY, while sales increased to $38.53M from $29.43M YoY.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 6:44 am

HAS

Elon Musk compared the Federal Reserve's operations to the bankruptcy rules of Hasbro's Monopoly game, suggesting similarities in how both handle a lack of funds. This comparison comes amid scrutiny of the Fed's monetary policies and concerns over national debt and inflation, potentially impacting the U.S. economy.

Portfolio Pulse from Benzinga Neuro

May 13, 2024 | 3:52 am

BABA

Alibaba Group Holding Limited (NYSE:BABA) is set to release its Q4 earnings, amidst challenges from regulatory crackdowns, economic downturns, and competition. The company's market cap has significantly dropped from its peak in October 2022. Efforts to revitalize the company included restructuring into six businesses and leadership changes, with a recent focus on generative AI technology. Analysts expect Q4 earnings of $1.41 per share on $30.42 billion in revenue, compared to the previous year's $1.50 per share and $29.15 billion.

Portfolio Pulse from Shanthi Rexaline

May 12, 2024 | 1:51 pm