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BABA

Alibaba Group Holding Ltd (NYSE:BABA) is facing multiple challenges, including the departure of a key AI expert, Zhou Chang, and potential new U.S. sanctions on advanced semiconductor technology. Despite these challenges, Alibaba reported a 7% year-on-year increase in consolidated revenue, beating analyst expectations.

Portfolio Pulse from Anusuya Lahiri

July 19, 2024 | 11:39 am

EADSY

Airbus SE has received Type Certification from the European Union Aviation Safety Agency (EASA) for its A321XLR aircraft equipped with CFM LEAP-1A engines. This certification allows the aircraft to enter service by the end of summer. The A321XLR offers significant fuel efficiency and cost benefits, with over 500 units already ordered.

Portfolio Pulse from Nabaparna Bhattacharya

July 19, 2024 | 11:32 am

LLY

NVO

Eli Lilly's weight loss drug Zepbound (Tirzepatide) has been approved by China's National Medical Products Administration for long-term weight management. This approval could impact Eli Lilly (LLY) positively in the short term. Novo Nordisk (NVO) also received approval for its weight loss drug Wegovy in June, but faces competition as the patent for semaglutide expires in 2026.

Portfolio Pulse from Vandana Singh

July 19, 2024 | 11:26 am

CRWD

ISRG

MSFT

NFLX

PLUG

QQQ

SPWR

SPY

Wall Street is set to end the week on a subdued note as CrowdStrike and Microsoft drop amid a global outage. Despite recent tech-led sell-offs, analysts see a 10% upside potential for the S&P 500 over the next 12 months. Key companies like Netflix, Intuitive Surgical, American Express, Halliburton, Schlumberger, and Travelers are in focus due to earnings announcements.

Portfolio Pulse from Shanthi Rexaline

July 19, 2024 | 11:21 am

GOOG

GOOGL

LYFT

UBER

Waymo, Alphabet Inc's autonomous ride-hailing service, is seeking approval to operate its robotaxis at San Francisco International Airport (SFO). Despite holding permits for other areas, SFO access requires separate approval. The process may be complex, similar to what Uber and Lyft experienced. Waymo is committed to navigating the approval process, emphasizing its expertise and demand for service. The company plans a phased approach, starting with digital mapping. Waymo has faced challenges, including recalls due to crash incidents, but claims its technology is safer than human drivers.

Portfolio Pulse from Shivani Kumaresan

July 19, 2024 | 11:12 am

TLRY

Tilray Brands' subsidiary, SweetWater Brewing, has launched a new Rowdy Peach IPA in collaboration with Atlanta United FC.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 11:04 am

GM's autonomous driving unit, Cruise, has formed the Cruise Emergency Responder Advisory Council to improve interactions with emergency responders following an accident last year. The council includes various public safety organizations and aims to enhance Cruise's product development and safety processes. Cruise had suspended operations in the U.S. but resumed manual driving in Phoenix, Houston, and Dallas. The company accrued $400 million in expenses in Q1 and expects full-year expenses to be around $1.7 billion. GM is investing $850 million to cover Cruise's operating costs and is seeking external financing.

Portfolio Pulse from Anan Ashraf

July 19, 2024 | 11:02 am

CRWD

MSFT

U.S. stock markets closed lower on July 18, with major indexes dropping and sectors like healthcare, consumer discretionary, and financials suffering the most. Energy stocks closed higher. Pre-market drops were seen in CrowdStrike and Microsoft due to a global Windows crash. Asian and European markets also declined, and commodities like gold and silver saw significant drops. The U.S. Dollar strengthened amid global market unease.

Portfolio Pulse from Akanksha Bakshi

July 19, 2024 | 11:01 am

BMY

Bristol Myers Squibb announced that the European Medicines Agency (EMA) has validated its Type II Variation Application for the combination of Opdivo and Yervoy as a first-line treatment for unresectable or advanced hepatocellular carcinoma.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 11:00 am

BTCUSD

Former President Donald Trump will headline a Bitcoin Conference fundraiser in Nashville, with top-tier tickets priced at $844,600. The event, scheduled for July 27, marks Trump's shift to a pro-crypto stance, contrasting with the Biden administration's skeptical approach. Trump has pledged to protect crypto rights and named J.D. Vance as his running mate, signaling support for looser crypto regulations.

Portfolio Pulse from Benzinga Neuro

July 19, 2024 | 10:57 am