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ALB

CME

Albemarle, the world's largest lithium producer, plans to hold more auctions to boost price transparency and promote a better understanding of the lithium market. This move aims to build trust and provide consistent supply contracts for automakers. The company will share auction data with pricing agencies to create publicly available prices, which should boost hedging and financial contracts. Albemarle is also focusing on aggressive growth in Chile's Salar de Atacama but has no plans for new bids in other lithium-rich areas.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 2:38 pm

RPTX

Repare Therapeutics (NASDAQ:RPTX) shared positive initial data from its Phase 1 MINOTAUR trial at the ESMO GI Cancers Congress 2024. The trial evaluates lunresertib in combination with FOLFIRI in patients with advanced solid tumors, showing an overall response of 18.2% and prolonged clinical benefit in CRC patients.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 2:33 pm

PPL

PPL Corporation's subsidiaries, Louisville Gas and Electric Company and Kentucky Utilities Company, are expanding their collaboration with the U.S. Department of Energy to conduct a nuclear feasibility study. This research, funded by a DOE grant, aims to assess the feasibility of new nuclear technology at company sites in Kentucky.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 2:32 pm

MCD

McDonald's U.S. head expressed confidence in the profitability of their $5 meal offering, indicating that the company is comfortable with its current pricing strategy.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 2:22 pm

NU

Nubank has acquired Hyperplane, a data intelligence company, to enhance its AI capabilities and provide more personalized financial services. The acquisition aims to integrate Hyperplane's systems seamlessly into Nubank's platform, offering immediate benefits to customers.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 2:21 pm

F

TSLA

Tesla Inc (NASDAQ:TSLA) announced a recall of 11,688 Cybertrucks due to a windshield wiper issue, following a previous recall of 3,878 Cybertrucks in April. Based on these recalls, Tesla delivered 7,810 Cybertrucks over nine weeks, averaging 867 per week. This could lead to over 11,000 units delivered in the first quarter, potentially surpassing Ford's (NYSE:F) F-150 Lightning deliveries. Tesla aims to reach 2,500 units produced per week by the end of the year and 250,000 annually by 2025.

Portfolio Pulse from Chris Katje

June 26, 2024 | 2:17 pm

AAPL

GOOG

GOOGL

Apple Inc. (NASDAQ:AAPL) has been upgraded by Rosenblatt analyst Barton Crockett from Neutral to Buy, with a price target increase from $196 to $260. The upgrade follows Apple's AI initiatives showcased at the Worldwide Developers Conference, focusing on privacy, which could boost market share. The analyst believes Apple's focus on privacy and specialized technology will help it stand out from competitors like Alphabet Inc. (NASDAQ:GOOG, NASDAQ:GOOGL).

Portfolio Pulse from Chris Katje

June 26, 2024 | 2:12 pm

AZN

China has approved AstraZeneca's Tagrisso combined with chemotherapy for first-line treatment of certain lung cancer patients. This approval follows similar approval in Japan and is based on positive results from the FLAURA2 Phase 3 trial, showing significant improvement in progression-free survival.

Portfolio Pulse from Vandana Singh

June 26, 2024 | 2:08 pm

GEO

Citron Research has posted on X that GEO Group's stock should be trading at over $20, citing a New York Post headline about DHS identifying 400 migrants smuggled into the US by an ISIS-affiliated network.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 1:54 pm

TSLA

Tesla Inc. (NASDAQ:TSLA) is set to announce a new lineup of lower-cost vehicles, potentially adding 100,000 units to its annual volumes. Goldman Sachs analyst Mark Delaney suggests these new models could include a smaller Model 3, a van, and a robotaxi. The new models are expected to be priced between $25,000 and $35,000, targeting new consumer segments. Despite the optimistic forecasts, Goldman Sachs maintains a 'Neutral' rating on Tesla with a 12-month price target of $175.

Portfolio Pulse from Piero Cingari

June 26, 2024 | 1:45 pm