Apple Scraps EV Project 🖥️ DNLI GOTU 📈 CLVT PRGO 📉

FlowBank's hand-curated fresh financial news [header_noDither] Apple Parks Electric Car Project, Turns to Future Tech Horizons. Apple is reportedly winding down its Special Projects Group, which was working on electric cars, marking the end of its secretive initiative to compete with Tesla in the automotive industry. Despite employing thousands and sparking intrigue since 2014 with its recruitment of automotive experts and autonomous vehicle testing in San Francisco, the project struggled to align with Apple's core electronics and services business. While some employees from this division may transition to Apple's generative AI team, the company continues to focus on other ventures, such as its CarPlay software, health technologies, and the newly released Vision Pro VR headset. Apple's R&D spending reached $30 billion in 2023, reflecting its broad investment in innovation despite not publicly acknowledging the car project. WHAT'S MOVING [Group 1742 (36)-1] [Start Trading](113/cXx8Z04/VWtny831H-nMW6S_pjV4jx6KxW6WXg815b2nghN5BW0RK2-ZVTW6N1vHY6lZ3pqLZfnt9MqrgV6d8TQ6YL4GqW7yyPHS2mzJF6W2R7H9G1DxJ69V-5XvC6t3l2RMrcvxJxlzbFW8gSWPY8G1wJsW99lGS66M5l-MW2PXxyk5nhST4W452HcW3_zvx4V7YBpf33Zp-ZW1mLskK1nS-ZkW5wV1F68Vb-KgW16dng13DHrYXVMjlW04pSrNrW4wqz8r6d-HHpW43s6-F2GhK3NW7K0YxP5ZqrL1N4Kfz7dyCysPW1YGwVY4xlw2GW869dTj81KhYQW4VdbqZ4MK85Bf1sWMgd04) [Group 1750 (33)] BYD BYD launches the U9, a $233,000 electric supercar under its luxury brand Yangwang, set to rival Ferrari. Eyeing global markets, BYD expands beyond China, planning its first European factory amidst international push for electric vehicle dominance. [Group 3 (36)-2] Janux Therapeutics Janux Therapeutics' stock skyrocketed 230% after unveiling promising prostate cancer treatment results, with significant patient improvement and a strong safety profile. The biotech firm also reports progress in treating various cancers, marking a major milestone with its unique T-cell engager platform. [Group 1752 (27)] Rocket Lab Rocket Lab's contract backlog exceeds $1 billion amid Pentagon deal, with notable progress on its Neutron rocket despite a quarterly net loss of $50.5 million. The space firm forecasts up to $98 million in Q1 revenue and advances its spacecraft lineup, signaling robust growth and innovation in space technology. WHAT'S COMING UP? USD: Crude Oil Inventories: Exp. 3.100M v Prev. 3.514M USD: GDP (QoQ) (Q4): Exp. 3.3% v Prev. 4.9% IN OTHER NEWS Wall Street Stock futures edged down on Wednesday, with investors anticipating a crucial inflation update later in the week. Dow Jones, S&P 500, and Nasdaq 100 futures declined marginally, highlighting cautious market sentiment. [Group 1769] Europe European markets are anticipated to start higher on Wednesday, with gains expected across major indexes including the U.K.'s FTSE 100, Germany's DAX, France's CAC, and Italy's FTSE MIB. Upcoming earnings reports from companies like Moncler and Aston Martin Lagonda, alongside data releases such as Russian unemployment and January retail sales, are on the agenda. MARKET INSIGHTS Are Stocks Expensive Right Now? Even when the price of something has gone up, it can still be a bargain. With the S&P 500 breaking through the 5,000-point barrier, is the stock market really that expensive? [Read more](113/cXx8Z04/VWtny831H-nMW6S_pjV4jx6KxW6WXg815b2nghN5BW0R62-ZVTW5BW0B06lZ3lQW9fJxpx2Y8smTN5JbRrwbM208W8HHP8Y6zQTq-W7bTJtq4dRR_6W40R6M_63d8gbW37yYtN1rX3R1W6lHvWJ7zYm5pW8K73Z_3d-3cCW5TqQ0R1vmLTkN3zcFRZr0lM_N2bK0yrfh9MrW6QXH-N2jKtqLW7sqhd01X6FKFW6tnGP24Bsx3DN6NXCnXLRQtLW4NQ7tn13lShnW87vmY28D-skrW3HVDYG3sxZCGf6pYzrT04) Please note that due to market volatility, some of the prices may have already been reached and scenarios played out. The information above is not investment advice. [flowbank-logo-2022-green-3] [Facebook](113/cXx8Z04/VWtny831H-nMW6S_pjV4jx6KxW6WXg815b2nghN5BW0R62-ZVTW5BW0B06lZ3mqW4VG4Dd6XDlbVW4xcQ-669cff4VqhRgw16ZWqYW7FtWb38Rn-XCW1gx_JG5zNW1YW12-ddb7qhCnKN5h2KqLPL1G7W2x9H7-2ZlM9tW5Kw0Ph1YCWj2W7BRMjP8nnsRYN80zCJlBFJbrW2Kjfmc7c4-gsN5xZFsQsDjG4V3M_CZ8Vr84mW7wZh1b8BgcHvN4X4sy-yLKFKVbH4CB2_D7srW1x9l401jZtqYdDmgv-04) [LinkedIn](113/cXx8Z04/VWtny831H-nMW6S_pjV4jx6KxW6WXg815b2nghN5BW0R62-ZVTW5BW0B06lZ3lBW6xWMt42j0gJTW4Cq1TF6XMPXwW7rFqVf2XfzyQN61hWDBjdxz5W8Nq1Kf9gT169N3VsrYcMYpBGN8jfNt2Yqg7yW1_QlmG4d2yfxW3N4qd82MdhZYW45TqN671FFR6W2k77qq333TW4W4hsS1D5B_sxJW7ddnfH3rX9X7W5Wbg2V5KzMVgW2CrGZV3q2j4nN4VZl5snzCF9W6fNsmy6FqlbNW80Qd1-4Z_Z5cf7Q4zH004) [X](113/cXx8Z04/VWtny831H-nMW6S_pjV4jx6KxW6WXg815b2nghN5BW0QR2-ZVTW50kgx26lZ3kZN8TzbvrbrHP9W92C5zB7DqjBWW15ynx11NHnpsW1Q2YH98MbTTgVsqj-T7RQD2bW6Hq2Vm4t0-fZW60TVlG4wCXr6W1WlcB52lkhqxW64Qtly4sQ6MyW8rQTnN1yWLZDW9kFRqW5XShwhW5b34KN1qFT7gW6LgZgz6vWY8HVD-NtW6M63DZW3P9YdW8sRM3yW395BC61z4dXJf486F-W04) [Instagram](113/cXx8Z04/VWtny831H-nMW6S_pjV4jx6KxW6WXg815b2nghN5BW0R62-ZVTW5BW0B06lZ3pbN2fcqHypQyRDW3yt7FH1RLnDkVC9hSb8Tt914MRpJVxfJ91qW1DPCdN4CS8T-W7HW7jk5N_q5kW4l51bK5XPfXgW8rtQ5t8DvdChW2-6mMs96W6ZjV9_yH53nMVc2W38g78T1jWtZQW20V7-j3b_Sw9W2nQ1bD4Nb2ZJW8H4fXz1NC88mW2HHw0h2KjMPrV6lmMK7dDQSsW3GCp4n2zx9cFW4Zpbyk98KNdlf4YCW2-04) [YouTube](113/cXx8Z04/VWtny831H-nMW6S_pjV4jx6KxW6WXg815b2nghN5BW0Rq2-ZVTW69sMD-6lZ3mbW10y1SD6WYXHVW8SKSvz54-X3WW7vLlVM4kMK66W7w82hb4jhhV5W2y4PT14yXP2_W6h8CZ75p8Z_TW4cc6k03213l9W6mmCF08qvN4zV94pWp1FZjY9W8cP5y66yv5XnW2T_TZJ3cJXS_F3Zgb9gZHtYW497CrY1M-1xRW1DdhmH8vZTrpW5DKm0q67hGznW3dwTPW8vHr_XW5zqww1834s3nW4fZT7l6ws3-jVKSnqq4_-tqRVCjgMK3TZ78ff2q9Jdd04) FlowBank SA, Esplanade de Pont-Rouge 9, P.O. Box 1303, 1211 Geneva 26, Switzerland, +41 (0) 22 888 60 00 [Unsubscribe]( [Manage preferences]( This email and any files transmitted with it are confidential and intended solely for the use of the individual or entity to whom they are addressed. If you have received this email in error, please notify us immediately, and delete it from your system. If you are not the intended recipient, you are notified that disclosing, copying, distributing or taking any action in reliance on the contents of this information is strictly prohibited. Although we scan attachments, we advise you to carry out your own virus check before opening any attachment.