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GTBIF

Barstool Sports partners with Green Thumb Industries to create cannabis-focused content, leveraging its large audience to promote GTI's brands RYTHM and Dogwalkers Prerolls. This collaboration aims to integrate cannabis into mainstream media, bypassing advertising restrictions.

Portfolio Pulse from Juan Spínelli

September 18, 2024 | 4:57 pm

AAPL

Apple analyst Ming-Chi Kuo suggests that the initial demand for the iPhone 16 may be lower than expected, as Apple employees are using discounts to purchase the new model soon after its release.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 4:44 pm

FDX

FedEx is set to report its Q1 earnings, with analysts expecting revenue of $21.96 billion and EPS of $4.80. Analysts are cautious due to macroeconomic concerns but see potential value in FedEx's cost-saving initiatives and a strategic review of FedEx Freight. Bank of America and Goldman Sachs maintain Buy ratings, with price targets of $345 and $332, respectively.

Portfolio Pulse from Chris Katje

September 18, 2024 | 4:38 pm

BMWYY

FTXR

HMC

RDIV

Ford, BMW, and Honda have launched ChargeScape, a joint venture aimed at integrating electric vehicles with the power grid to stabilize it and reduce charging costs. This initiative is expected to transform EVs into assets for the grid, with Ford's shares trading higher following the announcement.

Portfolio Pulse from Lekha Gupta

September 18, 2024 | 4:33 pm

TMUS

T-Mobile announced during its Capital Markets Day that it expects to add 12 million 5G broadband customers by 2028. This growth projection highlights T-Mobile's strategic focus on expanding its 5G network and customer base.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 4:30 pm

ASML

BABA

LRCX

NVDA

China's YMTC is making progress in replacing ASML and Lam Research technology with domestic alternatives due to US sanctions. This impacts companies like YMTC and Huawei, as well as Chinese hyperscalers like Alibaba, affecting their AI ambitions.

Portfolio Pulse from Anusuya Lahiri

September 18, 2024 | 4:21 pm

EVGO

FTXR

RPV

TSLA

General Motors (GM) has announced that its customers can now access over 17,800 Tesla Superchargers using a GM-approved adapter, enhancing EV charging options. This move is part of GM's strategy to expand its charging infrastructure and improve the EV customer experience. GM has also expanded its partnership with EVgo to install 400 fast-charging stalls in major U.S. cities. Additionally, GM reached a tentative agreement with Unifor for workers at its Ontario facilities.

Portfolio Pulse from Lekha Gupta

September 18, 2024 | 4:13 pm

AIOT

APLT

CBUS

LUNR

NNE

WHLR

U.S. stocks traded lower with the S&P 500, Dow, and NASDAQ all experiencing declines. Notable stock movements included Intuitive Machines, Applied Therapeutics, and PowerFleet, which saw significant gains due to positive announcements. Conversely, NANO Nuclear Energy, Wheeler Real Estate Investment Trust, and Cibus experienced declines. Crude oil prices fell, while gold prices rose.

Portfolio Pulse from Avi Kapoor

September 18, 2024 | 4:12 pm

AZN

GSK

The FDA has approved AstraZeneca's Fasenra for treating eosinophilic granulomatosis with polyangiitis (EGPA), a rare blood vessel inflammation disease. This approval is based on the MANDARA Phase 3 trial, which showed Fasenra's efficacy and safety compared to GSK's Nucala. Fasenra is now the second biologic approved for EGPA treatment.

Portfolio Pulse from Vandana Singh

September 18, 2024 | 4:05 pm

NVS

SNY

Novartis released data showing its multiple sclerosis drug, Kesimpta, effectively reduces disability progression over six years compared to Sanofi's Aubagio. The FDA also approved Novartis' Kisqali for early breast cancer treatment. Despite positive news, Novartis' stock saw a slight decline.

Portfolio Pulse from Vandana Singh

September 18, 2024 | 4:03 pm