Watch us on YouTube Live at 8:30AM EST
Beyond Meat – Higher after Yum Brands’ KFC said on Tuesday it would start selling plant-based fried “chicken” from BYND across the United States on Jan. 10 for a limited time. BTIG analyst out positively on the stock this morning saying “If this test is successful … it could represent as much as 10% of BYND’s total revenue stream”.
Nikola Corp – Trading higher after USA Truck Inc USAK.O enters into letter of intent with Thompson Truck Centers to buy 10 Nikola Tre BEV trucks. The LOI between USA Truck and Thompson is a “fleet-as-a-service” model through which Thompson will provide sales, maintenance and energy infrastructure required to operate the trucks. Separately, NKLA said it is dropping its $2 bln lawsuit against Tesla in relation to patent violations; both companies agreed to withdraw all claims and counter-claims against each other.
Fisker Inc – Reveals world’s first digital radar in a production vehicle, bringing state-of-the-art safety to the Fisker Ocean all-electric SUV. The company showcased the all-electric Fisker Ocean SUV at CES in Las Vegas, following the vehicle’s global reveal at the 2021 Los Angeles Auto Show. The Fisker Ocean will be equipped with an Advanced Driver Assistance System (ADAS), offering state-of-the-art safety to drivers and passengers. The complete feature set will be standard on the $68,999 Fisker Ocean Extreme and Fisker Ocean One launch edition.
Ford Motor Co – Multi-decade high yesterday after doubling both EV battery production and Ford F150 Lightning production targets. The electric truck battle continues to heat up as GM is out with details on its new all electric Silverado today at CES.
General Motors Co – Set to reveal its all-electric Chevy Silverado today at the Consumer Electronics Show in Las Vegas. 2021 sales figures also show Toyota derailed GM as the top selling automaker in the US last year as domestic makers continue to struggle with the global chip shortage.
Palantir Technologies – Said Wednesday plans to expand to South Korea, as it collaborates with Hyundai Heavy Industries Group to build a big data platform Hyundai’s businesses, including shipbuilding and offshore engineering. The companies are also considering a joint venture to promote the big data platform business.
Longeveron Inc – Another Alzheimer company getting attention after multiple rallied yesterday. The company announced on Tuesday it will participate in the H.C. Wainwright BioConnect 2022 Virtual Conference.
Mainz Biomed – Sharply higher after announcing a deal to exclusively access Socpra Sciences Santé Et Humaines’ portfolio of novel mRNA biomarkers to be used with ColoAlert – co’s detection test for colorectal cancer.
Senseonics Holdings – Medical technology company trading higher after announcing substantive review with the FDA for the PMA supplement for the next generation Eversense 180-day CGM system is nearing completion, all queries raised have been answered and a decision regarding approval is expected in the coming weeks.