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DG

DLTR

TGT

WMT

Dollar stores are facing challenges as Walmart and Target increase competition by attracting higher-income consumers. Dollar Tree and Dollar General have both revised their financial outlooks downward due to pressure on low- and middle-income customers. Walmart's strong performance is drawing budget-conscious shoppers away from dollar stores.

Portfolio Pulse from Nabaparna Bhattacharya

September 05, 2024 | 6:51 pm

ABT

Abbott Laboratories is recalling some FreeStyle Libre 3 sensors due to incorrect high glucose readings, which could lead to serious health issues. The recall does not affect the FreeStyle Libre 3 reader or app. Abbott also announced the U.S. availability of Lingo, a new glucose monitoring system without a prescription.

Portfolio Pulse from Vandana Singh

September 05, 2024 | 6:45 pm

MRK

Merck & Company, Inc. (NYSE:MRK) shares are trading higher after the company completed negotiations with the pan-Canadian Pharmaceutical Alliance regarding WELIREG, moving it closer to public reimbursement in Canada.

Portfolio Pulse from Dylan Berman

September 05, 2024 | 6:42 pm

EWJ

TM

Toyota and Nissan, along with other companies, are set to invest approximately $7 billion to increase Japan's battery production capacity by 50%, focusing on automotive batteries. This investment will raise the capacity from 80 GWh to 120 GWh.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 6:21 pm

WBD

Warner Bros. Discovery Inc (NASDAQ:WBD) is prioritizing a sequel to its successful game, Hogwarts Legacy, which has sold over 24 million copies and generated over $1 billion in revenue. Despite setbacks from the poorly received Suicide Squad game, Warner Bros. remains committed to its gaming division, with other projects like Harry Potter: Quidditch Champions and a Wonder Woman game in development.

Portfolio Pulse from Franca Quarneti

September 05, 2024 | 6:15 pm

DUK

Duke Energy Florida plans to reduce residential rates by approximately 6% in January 2025, pending approval. This reduction is part of an annual adjustment for fuel costs and includes grid improvements for reliability and solar investments. If approved, a typical 1,000 kWh residential bill will decrease by $9.77.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 6:14 pm

BABA

Alibaba.com has launched an AI-powered sourcing agent and new financial and logistics solutions at its CoCreate conference in Las Vegas. These innovations aim to help SMEs simplify global trade and improve sourcing efficiency. The event also marked the launch of Alibaba's first co-branded credit card.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 6:09 pm

FIVN

The Bear Cave, a short-selling firm, has released a bearish report on Five9 Inc (NASDAQ:FIVN), claiming the company is misleading investors about the impact of AI on its business. The report highlights Five9's lack of annual profits since its IPO in 2014, recent revenue guidance cuts, and workforce reductions. Despite management's positive statements about AI, the short seller suggests that AI is negatively affecting the company.

Portfolio Pulse from Adam Eckert

September 05, 2024 | 6:03 pm

BABA

MA

Alibaba.com partners with Mastercard and Cardless to launch a co-branded business credit card in the U.S., offering benefits like 3% cashback and 90-day order protection to enhance value for small businesses in global sourcing.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 6:02 pm

BAX

MDT

Medtronic is recalling certain video laryngoscopes due to battery overheating risks, which could lead to serious health consequences. The FDA has classified this as a serious recall. Baxter International is also recalling certain ventilator components due to potential disconnection issues.

Portfolio Pulse from Vandana Singh

September 05, 2024 | 5:45 pm