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LCID

TSLA

Lucid Motors Inc (NASDAQ:LCID) has achieved a Golden Cross, a bullish technical signal, indicating potential upward momentum. The company is also challenging Tesla with its Lucid Air Sapphire, the world's fastest armored car. Additionally, Lucid is expanding in Saudi Arabia with plans for customer service centers and mobile maintenance, supported by a $1.5 billion investment from Saudi Arabia's Public Investment Fund.

Portfolio Pulse from Surbhi Jain

August 29, 2024 | 2:50 pm

LMT

The U.S. government will withhold a final $5 million payment for F-35 jets until the 'Combat Capability' technology package is delivered, according to the Pentagon.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 2:48 pm

USO

Iraq plans to reduce its oil production to 3.85M-3.9M barrels per day in September, according to a source. This decision could impact global oil supply and prices.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 2:45 pm

CRM

Salesforce (NYSE:CRM) reported strong Q2 earnings, leading to multiple analysts raising their price targets. The company showed significant growth in AI deals and Data Cloud customers, reinforcing its position as a leader in enterprise-grade AI solutions. Despite macroeconomic challenges, Salesforce's strategic growth pillars and multi-cloud adoption trends contributed to its positive performance.

Portfolio Pulse from Priya Nigam

August 29, 2024 | 2:42 pm

MRK

Merck & Co Inc (NYSE:MRK) has decided to discontinue two Phase 3 trials involving Keytruda due to underwhelming data. The trials, KEYNOTE-867 and KEYNOTE-630, did not meet their primary endpoints and showed unfavorable risk/benefit profiles. The decision was based on recommendations from independent Data Monitoring Committees.

Portfolio Pulse from Vandana Singh

August 29, 2024 | 2:35 pm

ACN

Accenture has appointed Arundhati Chakraborty as the group chief executive of Accenture Operations, effective September 1, 2024. Chakraborty, with 30 years of experience, will focus on growing the $10B Operations business and leveraging AI and automation for client innovation.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 2:33 pm

ARMK

Aramark has expanded its collegiate athletic accounts for the 2024 NCAA football season by welcoming Georgia Southern and Washington State Universities as new clients. The company is also expanding services at East Carolina University and has completed major renovations at LSU, UNC, and Tennessee.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 2:17 pm

TNXP

Tonix Pharmaceuticals shares are trading lower following the presentation of clinical data on TNX-102 SL for acute stress reaction and PTSD prevention, as well as preclinical data on wound healing therapeutics at a military health symposium.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 2:15 pm

GRAB

UBER

Grab Holdings plans to add over 1,000 BYD electric vehicles to its Indonesian fleet, following Uber's lead in expanding green rides. This move is part of Grab's strategy to grow its mobility services and enhance its app with AI features. Despite a 17% revenue increase, Grab's stock has declined 15% over the past year.

Portfolio Pulse from Anusuya Lahiri

August 29, 2024 | 2:15 pm

SPY

USO

Libyan Oil Crescent ports have halted export operations, as confirmed by engineers to Reuters. This disruption could impact global oil supply and prices.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 2:11 pm