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Spotify Technology SA (NYSE:SPOT) plans to introduce a higher-priced premium plan called 'Supremium' later this year, which will cost users at least $5 more monthly for better audio and new playlist tools. This move is expected to generate additional revenue for the company. Spotify's stock is trading higher on Tuesday, reflecting positive investor sentiment. The new tier will offer high-fidelity audio and custom playlists, competing with similar offerings from Amazon Music and Apple Music. Spotify's recent price hikes and improved margins are also highlighted.

Portfolio Pulse from Anusuya Lahiri

June 11, 2024 | 3:39 pm

MSFT

The UAE supports US restrictions on semiconductor exports to China, acknowledging concerns about advanced chip technologies potentially bolstering China's military. The UAE seeks US support to develop its semiconductor production capabilities, with Microsoft investing $1.5 billion in UAE's AI company G42.

Portfolio Pulse from Shivani Kumaresan

June 11, 2024 | 3:36 pm

CMCSA

NFLX

SPOT

WBD

Spotify Technology (NYSE:SPOT) is planning to introduce a new premium plan that will cost subscribers at least $5 more per month. This plan, expected later this year, will offer improved audio and new playlist management features. The move follows similar price hikes by other streaming services like Netflix, Warner Bros Discovery's Max, and Comcast's Peacock.

Portfolio Pulse from Michael Juliano

June 11, 2024 | 3:35 pm

AAPL

GRMN

Citron Research has posted a negative outlook on Garmin (GRMN), citing the impact of Apple's (AAPL) new Apple Watch OS11, which includes advanced fitness features. This development is expected to make Garmin's fitness products less relevant.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 3:33 pm

BUG

GOOG

GOOGL

NVDA

SPRX

Zscaler, Inc. (NASDAQ:ZS) and NVIDIA Corporation (NASDAQ:NVDA) have entered into a strategic partnership to enhance AI-driven security solutions. Zscaler will utilize NVIDIA’s AI to improve its Zero Trust Exchange platform, boosting defense mechanisms against cyber threats. Additionally, Zscaler has intensified its collaboration with Alphabet Inc (NASDAQ:GOOGL) (NASDAQ:GOOG) to fortify Zero Trust architectures. ZS stock has gained 19% in the past 12 months and is trading higher by 0.97% at $185.70.

Portfolio Pulse from Shivani Kumaresan

June 11, 2024 | 3:30 pm

AAPL

GOOG

GOOGL

Apple's WWDC 2024 event received mixed reactions from analysts. Key highlights included new features for iPads and iPhones, a deeper push into AI, and a partnership with OpenAI. Analysts' ratings varied from Buy to Neutral, with price targets ranging from $196 to $230. Some analysts were disappointed with the event, while others saw potential for an iPhone upgrade cycle.

Portfolio Pulse from Chris Katje

June 11, 2024 | 3:26 pm

PYPL

PayPal shares are trading lower due to news that competitor Affirm's payment products will be available to Apple Pay users in the US later this year.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 3:26 pm

GME

GameStop Corp (NYSE:GME) shares are experiencing volatility as retail investor interest surges following Keith Gill's return to social media. Gill, known for his role in the 2021 meme stock movement, held a livestream outlining a bullish case for GameStop, emphasizing CEO Ryan Cohen's turnaround strategy and the company's cash reserves. Gill revealed he still holds 5 million shares and call options, despite a significant loss in Monday's session. The SEC is investigating recent options trading activity in GameStop.

Portfolio Pulse from Adam Eckert

June 11, 2024 | 3:14 pm

SLB

SLB and Vista Energy have extended their strategic partnership by signing a contract to import a new frac set into the country. They aim for a production rate of 85,000 BOE/D for Q4 2024 and plan to incorporate a second frac set in the second half of the year, targeting a daily production of 150,000 BOE by 2030.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 3:12 pm

CEG

Constellation Energy plans to build the next generation of nuclear technology near its existing plants, potentially enhancing its energy production capabilities and market position.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 3:09 pm