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AAPL

Apple has announced the pricing for its new iPad Air models, with the 13-inch version starting at $799 and the 11-inch model priced at $599. This announcement was made during an Apple event, details of which can be found on their official website.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 2:11 pm

AAPL

Apple announced the launch of a new iPad Air, which is 50% faster than its predecessor and is equipped with the M2 chip, marking a significant upgrade in performance.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 2:09 pm

AAPL

Apple has introduced two new sizes for the iPad Air, featuring an 11-inch model and a larger 13-inch screen model, expanding its tablet lineup.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 2:08 pm

AAPL

Apple has unveiled a new iPad Air, marking the introduction of its first larger version of the device. This expansion in the iPad Air lineup is aimed at catering to a broader range of consumer preferences and needs.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 2:06 pm

SUPN

M8 Pharmaceuticals has entered into an exclusive licensing agreement with Supernus Pharmaceuticals (NASDAQ:SUPN) to seek regulatory approval and commercialize Qelbree, a non-stimulant ADHD medication, in Latin America. Qelbree is approved in the US for treating ADHD in adults and children aged 6 and older. This partnership aligns with Acino's mission to expand access to innovative medicines in Latin America and strengthens its position in the CNS therapeutic area. Supernus has chosen M8 as a partner for Qelbree's regulatory approval and commercialization in Mexico and Brazil, highlighting the company's commitment to addressing ADHD treatment challenges globally.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 2:03 pm

CNTY

NRGV

Energy Vault announced the successful testing and commissioning of the world's first commercial, grid-scale gravity energy storage system, the Rudong 25 MW/100 MWh EVx system, by China Tianying (CNTY) on May 4. The event was marked by the presence of Chen Huiyu, Secretary of the County Party Committee. This follows the mechanical completion in September 2023 and successful state grid interconnection in December 2023. Additionally, Energy Vault has extended its licensing agreement with Atlas Renewable for the EVx gravity energy storage system technology from 7.5 to 15 years, with over 3.7GWh of projects in China underway.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 1:59 pm

AAPL

TSM

Apple Inc (AAPL) shares rose following a Wall Street Journal report on its AI chip development for data centers, named Project ACDC, in collaboration with Taiwan Semiconductor Manufacturing Company Ltd (TSM). The chips, focused on running AI models, signal Apple's deeper move into AI, with potential updates expected at its Worldwide Developer Conference. Additionally, Apple's stock forecast for 2030 suggests a potential price of $691.41, based on its past five-year annualized performance of 30.34%.

Portfolio Pulse from Adam Eckert

May 07, 2024 | 1:46 pm

LLY

Eli Lilly announced that the FDA will hold an in-person meeting of the Peripheral & Central Nervous System Drugs Advisory Committee on June 10 to discuss Donanemab, as reported by Reuters.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 1:42 pm

BABA

CGRO

PGJ

Alibaba Group Holding Ltd (NYSE:BABA) is implementing a significant update to its Taobao e-commerce platform, the most substantial in seven years, aimed at enhancing the shopping experience before China's 618 shopping festival. This overhaul, part of Alibaba's strategy to regain its dominance in the competitive Chinese e-commerce market, includes streamlining the layout, simplifying search and purchase processes, introducing new features, and improving existing functionalities. Additionally, Alibaba is engaged in various initiatives to boost shareholder value, including data center development in Vietnam and expanding Ant Group's global presence. Despite these efforts, Alibaba's stock has declined by 5% over the last 12 months. Investors can also gain exposure to Alibaba through the Invesco Golden Dragon China ETF (NASDAQ:PGJ) and Tidal Trust II CoreValues Alpha Greater China Growth ETF (NYSE:CGRO).

Portfolio Pulse from Anusuya Lahiri

May 07, 2024 | 1:41 pm

IPWR

Ideal Power Inc. (NASDAQ:IPWR) has entered into an agreement with a global leader in circuit protection, industrial fuses, and power conversion electronics to test and evaluate its B-TRAN bidirectional semiconductor power switch. This collaboration aims to explore B-TRAN's application in various industrial markets such as renewable energy, energy storage, rail/transportation, and electric vehicle (EV) power management. The partnership could lead to design wins or a customer development agreement, leveraging B-TRAN's advantages in efficiency and system cost reduction.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 1:28 pm