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TSLA

Tesla Inc (NASDAQ:TSLA) has launched a 2-seater version of its Model Y SUV in France, targeting the business sector. This move aims to replace the country's 6.3 million diesel-powered commercial vehicles with Tesla's electric alternative. The new Model Y variant offers increased storage with a capacity of 2,158 liters and boasts a range of 565 km, surpassing the Long Range version. It will be showcased in France from March 4 to July 30. The price of this version is not disclosed, while the consumer Model Y starts at 42,990 euros. In 2023, Tesla sold over 37,000 Model Ys in France.

Portfolio Pulse from Anan Ashraf

March 07, 2024 | 10:38 am

YMM

Full Truck Alliance forecasts Q1 2024 net revenues of RMB2.11B-RMB2.16B, indicating a YoY growth of 23.9%-27.1%, based on current market and operational conditions.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 9:47 am

TSLA

Tesla Inc's Vice President, Rohan Patel, defended the company's sustainability efforts at its Berlin gigafactory, highlighting water conservation, solar capacity, and tree planting initiatives. Despite an arson attack by the Volcano Group causing a temporary production halt, Patel remains confident in the factory's resilience. The Berlin facility's sustainability measures and economic contributions to the local community were emphasized, alongside Tesla's commitment to expansion despite local opposition.

Portfolio Pulse from Anan Ashraf

March 07, 2024 | 8:40 am

NVO

Novo Nordisk (NYSE:NVO), a Danish pharmaceutical company, is launching its weight-loss drug Wegovy in Japan in response to the country's rising obesity rates. Wegovy, a GLP-1 drug, has significantly contributed to Novo Nordisk's share increase by 70% over the past year. The introduction of Wegovy in Japan, where obesity levels are comparable to America and Europe when using a BMI measure of 25, represents the first effective obesity medication in the country in nearly three decades. The launch will be carefully controlled due to concerns about potential misuse, with a peak sales forecast of $219 million in five years.

Portfolio Pulse from Benzinga Neuro

March 07, 2024 | 7:20 am

EWU

The U.K. Halifax House Price Index for February showed a year-over-year increase of 0.4%, which is below the estimated 0.8% and a decrease from the prior month's revised figure of 1.2%.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 7:15 am

VLRS

Volaris reported a decrease in ASM capacity by 13.7% YoY in February 2024, attributed to Pratt & Whitney engine inspections causing aircraft groundings. RPMs fell by 10.9%, while the load factor increased to 85.9%. Passenger numbers dropped by 15.2% to 2.1 million. Domestic RPMs in Mexico decreased by 21.5%, but international RPMs rose by 13.2%.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 6:46 am

FSM

Fortuna Silver Mines (NYSE:FSM) reported Q4 2023 adjusted EPS of $0.070, missing the $0.100 estimate, but sales of $265.314M exceeded the $261.000M estimate, marking a 61.09% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 6:11 am

FXI

China's trade balance in USD for February was reported at $125.16 billion, significantly higher than the estimated $110.30 billion and the previous month's $75.34 billion.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 5:34 am

FXI

China's imports for February increased by 3.5% year-over-year, surpassing the estimated 1.5% and the previous month's 0.2%.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 5:34 am

FXI

China's exports in February increased by 7.1% year-over-year, significantly surpassing the estimated 1.9% and the previous month's 2.3% growth.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 5:34 am