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ZAPP

Zapp Electric Vehicles Group Limited (NASDAQ:ZAPP) has received regulatory approval for its i300 urban motorcycle from the Driver and Vehicle Standards Agency in the UK. This approval allows the i300 to be used on public roads in the UK, with first customer deliveries expected in August 2024. Wider commercial rollout in Europe and Asia is planned for the following months.

Portfolio Pulse from Benzinga Newsdesk

July 15, 2024 | 4:15 pm

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Amazon is expected to surpass last year's Prime Day results due to early access deals, with sales projected to increase by 7% to $13 billion. Bank of America maintains a Buy rating for Amazon with a price target of $194.49. Other retailers like Walmart and Target also held sales events in July. ETFs holding Amazon and Walmart shares trended downward.

Portfolio Pulse from Michael Juliano

July 15, 2024 | 4:09 pm

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Google has announced that the AI Act has been published in the EU's Official Journal and will enter into force on August 1. This regulatory development could impact companies involved in AI technologies.

Portfolio Pulse from Benzinga Newsdesk

July 15, 2024 | 4:05 pm

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U.S. stocks traded higher with the Nasdaq Composite rising over 1%. Key movers included Scinai Immunotherapeutics, Autonomix Medical, and Trump Media & Technology Group, which saw significant gains. Lexeo Therapeutics, ASLAN Pharmaceuticals, and Catheter Precision experienced notable declines.

Portfolio Pulse from Avi Kapoor

July 15, 2024 | 4:05 pm

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Plug Power Inc. (PLUG) shares are trading lower today following the European Commission's approval of the joint control of HyVia by Renault SA and Plug Power France. The transaction involves the production and supply of fuel cell light commercial vehicles and hydrogen refueling stations. Despite the approval, PLUG shares have lost over 76% in the past year. Investors can gain exposure to the stock via Global X Hydrogen ETF (HYDR) and ETF Series Solutions Defiance Next Gen H2 ETF (HDRO).

Portfolio Pulse from Lekha Gupta

July 15, 2024 | 4:04 pm

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The U.S. stock market hit new all-time highs ahead of Fed Chair Jerome Powell's speech. The Russell 2000 Index, tracked by the iShares Russell 2000 ETF (IWM), continued its rally, while energy and financial sectors outperformed. Bitcoin surged, boosting related stocks. Goldman Sachs and BlackRock rose on strong earnings, while Macy's plummeted after ending buyout talks.

Portfolio Pulse from Piero Cingari

July 15, 2024 | 4:03 pm

GEVO

Gevo, Inc. (NASDAQ:GEVO) announced record renewable natural gas (RNG) production levels, achieving an annualized rate of approximately 402,000 MMBtu in May, surpassing the previous record of 401,000 MMBtu in March. Despite a slight disruption in June due to flooding, the company maintained strong production and expects to meet its annual target.

Portfolio Pulse from Benzinga Newsdesk

July 15, 2024 | 4:01 pm

OLO

Bottle Rocket has announced a strategic partnership with Olo to enhance the digital guest experience. This collaboration will integrate Bottle Rocket's application design and development expertise with Olo's digital ordering platform, which is used by over 700 restaurant brands.

Portfolio Pulse from Benzinga Newsdesk

July 15, 2024 | 4:00 pm

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Wedbush Analyst Dan Ives predicts that the AI revolution will add $1 trillion to Microsoft's valuation, marking its 'iPhone moment.' The tech sector, particularly companies like Microsoft, Alphabet, Amazon, and cybersecurity firms, is expected to see significant growth driven by AI and cloud deployments.

Portfolio Pulse from Surbhi Jain

July 15, 2024 | 3:55 pm

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Amazon Prime Day is expected to generate over $12 billion globally, potentially boosting Amazon's stock despite recent fluctuations. Competitors like Walmart, Target, and Macy's are also holding sales events to attract consumers. Amazon's stock might find support around $188 and could rebound past $200 if buying momentum continues.

Portfolio Pulse from Zaheer Anwari

July 15, 2024 | 3:45 pm