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Tropical Storm Helene is expected to become a hurricane as it approaches Florida, impacting stocks of generator producers, retailers, and utility companies with a presence in the state. Generac, Cummins, and Duke Energy saw slight declines, while Honda and Walmart experienced gains.

Portfolio Pulse from Michael Juliano

September 25, 2024 | 3:40 pm

TCNNF

Trulieve Cannabis Corp (OTC:TCNNF) is preparing for potential disruptions from Hurricane Helene as it approaches Florida. CEO Kim Rivers assures that the company is ready, with facilities built to withstand storms and generators on site. The storm poses a threat to Trulieve's operations and the cannabis supply chain, but the company is optimistic about its preparedness.

Portfolio Pulse from Javier Hasse

September 25, 2024 | 3:35 pm

TSLA

Tesla's 'Full Self Driving' system requires human intervention every 13 miles, according to independent testing. The system showed dangerous behavior, such as running red lights and crossing into oncoming traffic, raising concerns about its safety.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 3:35 pm

BGLC

BioNexus Gene Lab's subsidiary, MRNA Scientific, has entered the biogas sector through a partnership with Protech Builders to develop biogas plants in Malaysia. They will jointly invest approximately $235,000 for feasibility studies and project development.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 3:34 pm

AVGO

CHTR

CMCSA

Broadcom, Charter Communications, and Comcast are collaborating to develop unified DOCSIS chipsets that support 25Gbps speeds. This partnership aims to enhance internet speed capabilities.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 3:31 pm

CLDX

Celldex Therapeutics shares declined following the announcement of 52-week results from its Barzolvolimab Phase 2 Study in chronic spontaneous urticaria at EADV 2024.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 3:26 pm

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The Federal Reserve cut the fed funds rate by 50bp, impacting inflation and the dollar's purchasing power. Intel restructured its foundry business and secured a $3B government contract. FedEx reported disappointing earnings, supporting the Fed's rate cut decision. Bitcoin is seen as a hedge against inflation, and MicroStrategy continues to invest heavily in it.

Portfolio Pulse from Gary Brode

September 25, 2024 | 3:24 pm

NVDA

Nvidia is expected to produce 450,000 Blackwell AI GPUs in Q4, potentially generating $10 billion in revenue. Despite design issues affecting yields, Nvidia plans to sell these GPUs at a lower price than previous models. The company aims to sell AI server cabinets for higher profitability.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 3:23 pm

CLDX

Celldex Therapeutics' Chief Medical Officer, Diane C. Young, highlights the potential of Barzolvolimab in addressing unmet medical needs. The drug shows profound and sustained results across all study endpoints, indicating its critical role for patients, families, and physicians.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 3:02 pm