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ABSI

AZN

Absci's stock rose 9% premarket following a report by the Financial Times that AstraZeneca has signed a deal with Absci worth up to $247M to design an antibody for cancer treatment.

Portfolio Pulse from Charles Gross

December 04, 2023 | 10:20 am

ALK

CDMO

GNE

NOK

OFIX

SKM

SPCE

TRUP

Alaska Air Group, Inc. (ALK) announced plans to acquire Hawaiian Holdings for $1.9 billion, causing ALK shares to drop 9.4% in pre-market trading. Other stocks experiencing pre-market declines include Virgin Galactic (SPCE), Trupanion (TRUP), SK Telecom (SKM), Avid Bioservices (CDMO), Orthofix Medical (OFIX), Genie Energy (GNE), and Nokia (NOK).

Portfolio Pulse from Lisa Levin

December 04, 2023 | 10:20 am

EWJ

NVDA

Nvidia CEO Jensen Huang met with Japan's PM Kishida and discussed the semiconductor industry in Japan. Huang mentioned that the industry will be capable of manufacturing GPUs and that demand is high. He also stated that he would prioritize Japan for AI processors.

Portfolio Pulse from Charles Gross

December 04, 2023 | 10:15 am

BRPHF

PSHZF

TSLA

The weekend news featured significant developments in the tech and finance sectors. Elon Musk and Bill Gates were named as potential buyers for Trump's Mar-a-Lago, with a price tag of up to $1 billion. Galaxy Digital CEO Mike Novogratz expressed a bullish outlook on Bitcoin, anticipating a price surge due to various factors including a potential spot Bitcoin ETF approval. Bill Ackman revealed a $10M investment in Elon Musk's private company, X. A Swedish strike could impact Tesla's labor relations, and Tesla warned that the EV tax credit for two Model 3 versions will drop to $3,750 next year.

Portfolio Pulse from Benzinga Neuro

December 04, 2023 | 10:15 am

GOOG

GOOGL

Google has postponed the launch of its next-gen AI model, Gemini, to early 2024 due to issues with non-English prompts. Gemini, which can process text and images, is expected to outperform OpenAI's GPT-4. The delay may affect Google's competitive stance in the AI market, where it has invested in startups like Anthropic.

Portfolio Pulse from Benzinga Neuro

December 04, 2023 | 9:59 am

TTWO

Rockstar Games, owned by Take Two Interactive (NASDAQ:TTWO), has announced the release date for the Grand Theft Auto 6 (GTA 6) trailer as December 5, 2023, to celebrate its 25th anniversary. The announcement follows a leak of the game's footage by an employee's child on TikTok. The trailer release is set just before The Game Awards event on December 7. GTA 6 is expected to launch between April 2024 and May 2025, with official development announced in September 2022.

Portfolio Pulse from Rounak Jain

December 04, 2023 | 9:55 am

HTZ

SIXGF

TSLA

Europe's largest car rental company, Sixt SE, is reducing the number of Tesla Inc vehicles in its fleet due to higher repair costs and lower resale values, similar to concerns previously raised by Hertz Global Holdings Inc. Sixt still plans to electrify 90% of its European fleet by the end of the decade. Hertz, which had aimed for 25% of its fleet to be electric by 2024, is now considering purchasing EVs from other manufacturers with more established part supply networks and lower price points.

Portfolio Pulse from Anan Ashraf

December 04, 2023 | 9:53 am

MESO

Mesoblast Limited (NASDAQ:MESO) announced a fundraising effort to raise up to A$97.0 million through a placement and entitlement offer. The company plans to issue up to 120 million new shares at A$0.30 each to raise A$36.0 million in a placement, and up to A$61 million through a 1 for 4 pro-rata accelerated non-renounceable entitlement offer to existing shareholders. The offer includes an institutional and a retail component, with a 'top-up' facility for eligible retail shareholders. Approximately 323 million new shares will be issued, increasing the total shares by 39.7%.

Portfolio Pulse from Charles Gross

December 04, 2023 | 9:51 am

NIO

NIO Inc. (NYSE:NIO) has announced an expansion of their global infrastructure, revealing the construction of numerous facilities and charging stations. As of November 30, the company has built 142 NIO Houses, 320 NIO Spaces, 315 NIO Service Centers, 62 NIO Delivery Centers, 2,217 Power Swap Stations, 3,485 Power Charger Stations, and 20,421 Power Chargers. This infrastructure growth coincides with a 12.6% year-over-year increase in November vehicle deliveries and a 33.1% increase in year-to-date vehicle deliveries.

Portfolio Pulse from Benzinga Neuro

December 04, 2023 | 9:08 am

Toyota Motor Corp (NYSE:TM) aims to sell over 250,000 battery electric vehicles (BEVs) annually in Europe by 2026, expanding its lineup to six BEV models. At the Kenshiki forum, Toyota showcased an Urban SUV Concept and a sport crossover concept, with one model entering production in 2023 and another in 2025. Toyota's current electrified mix in Europe is 71%, expected to rise to 75% in 2024 and over 20% BEVs by 2026. This announcement follows Toyota's record global sales in October, including a 15.2% increase in Europe.

Portfolio Pulse from Anan Ashraf

December 04, 2023 | 9:05 am