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TSLA

Toyota has reduced its 2026 EV production target by 30% to 1 million cars due to weakening global demand. This reflects a broader trend of cooling enthusiasm in the EV sector, with other automakers like Ford and GM also scaling back their EV plans.

Portfolio Pulse from Benzinga Neuro

September 06, 2024 | 8:44 am

LGIH

LGI Homes reported closing 610 homes in August 2024 and had 132 active selling communities as of August 31, 2024.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 7:45 am

POLE

Andretti Acquisition Corp. II has announced the pricing of its $200 million IPO, with 20 million units at $10 each. The Class A shares and warrants will trade on Nasdaq under the symbols 'POLE' and 'POLEW'. The offering is expected to close on September 9, 2024.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 7:18 am

AVB

AvalonBay Communities has priced a $710.4 million public offering of 3.2 million common shares. The company has entered into forward sale agreements with major financial institutions for these shares.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 7:15 am

ULS

UL Solutions has announced a secondary public offering of 20 million Class A common stock at $49 per share. The underwriters have a 30-day option to purchase an additional 3 million shares. UL Solutions will not receive any proceeds from this sale.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 7:11 am

PACS

PACS Group, Inc. announced a public offering of 16.55 million shares at $36.25 per share, raising $101 million for the company and $499 million for selling stockholders. The offering is expected to close on September 9, 2024.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 7:01 am

AAPL

Apple's iPhone sales have reached an impressive rate of 1.4 million units every two days, a significant growth from its launch year. This growth highlights Apple's dominance in the tech market, with the iPhone contributing significantly to its revenue. Despite challenges with other products, the upcoming iPhone 16 is expected to drive a strong upgrade cycle.

Portfolio Pulse from Shanthi Rexaline

September 06, 2024 | 6:56 am

VOR

Vor Bio has released new clinical data showing the effectiveness of its shielded transplants in delivering targeted therapies. The data highlights the success of Trem-cel + Mylotarg in engraftment and patient benefit, promising results from VCAR33ALLO, and potential opportunities for VADC45 in various medical fields.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 6:44 am

GIII

TSLA

U.S. stocks fell on Thursday, with the Dow Jones dropping over 200 points and the S&P 500 declining for the third consecutive session. Tesla shares rose 4.9% following plans to expand its self-driving software to Europe and China by 2025. G-III Apparel Group's stock surged 22% after reporting strong earnings and guidance. The CNN Money Fear and Greed index remained in the 'Neutral' zone.

Portfolio Pulse from Avi Kapoor

September 06, 2024 | 6:18 am

EWG

Germany's trade balance for July was reported at 16.8 billion euros, falling short of the estimated 21.0 billion euros and the prior month's 20.4 billion euros.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 6:04 am