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AAPL

Former President Barack Obama has revealed that he frequently uses Apple Inc.'s iPhone apps, including 'Words With Friends' and 'NBA League Pass'. Obama was previously confined to a Blackberry due to security measures during his presidency. The former president's affinity for technology has been evident since his presidency, with Apple's iOS 6 being granted the FIPS 140-2 certification in 2013, allowing low-level classified documents to be shared on devices running on this version.

Portfolio Pulse from Ananya Gairola

November 08, 2023 | 4:40 am

TSLA

Tesla CEO Elon Musk explained the company's strategy of cutting prices in the EV market, attributing it to their direct sales model which allows them to react quickly to market sentiment. Tesla started reducing prices across its key markets at the beginning of the year, leading to a price war among EV makers. Despite intermittent price increases, Tesla's vehicles remain cheaper than before the price cuts began.

Portfolio Pulse from Anan Ashraf

November 08, 2023 | 4:17 am

BTCUSD

HOOD

Robinhood CEO Vlad Tenev expressed optimism about the future of Bitcoin and the potential for a Bitcoin ETF during the company's earnings call. He noted the increasing attractiveness of Bitcoin as a mainstream asset for diversification. However, Robinhood reported a drop in its crypto trading revenues during the third quarter, with transaction-based revenues on cryptocurrencies declining by 55% to $23 million.

Portfolio Pulse from Mehab Qureshi

November 08, 2023 | 4:14 am

INTC

LMT

MSFT

NVDA

Lockheed Martin's CEO, Jim Taiclet, has emphasized the need for the U.S. to increase its investments in digital defense technologies. He suggested that partnerships with tech giants like Nvidia, Microsoft, and Intel are crucial for integrating digital advancements into the military and national defense systems. Lockheed Martin's shares climbed in October after a strong quarter and increased global demand for military equipment. The company is also positioned to double the production of its F35 aircraft and increase production of munitions by about 60% with sufficient investment.

Portfolio Pulse from Benzinga Neuro

November 08, 2023 | 3:01 am

AAPL

Apple Inc. has temporarily halted the development of its software updates, including iOS 18, to focus on debugging and performance enhancement. The decision comes in response to a spike in early version bugs. Despite the pause, Apple plans to maintain its regular release schedule. The company is also navigating a complex landscape of high expectations and market pressures, with its shares trading at a significant premium compared to their 10-year average.

Portfolio Pulse from Benzinga Neuro

November 08, 2023 | 2:32 am

RIOT

Riot Platforms, Inc. (NASDAQ:RIOT) has announced its unaudited production and operations updates for October 2023. The company produced 458 Bitcoin, a 26% increase from September 2023. The company's total hash rate also increased due to progress in repairs to one of its immersion buildings. Riot will now receive some M60 series miners from MicroBT in place of the previously agreed M50 series. The company will report its third quarter 2023 financial results on November 8th.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 10:53 pm

AMZN

TSLA

China's Ministry of Industry and Information Technology has published a blueprint document outlining plans to mass-produce humanoid robots by 2025. The country aims to support robotics startups and develop talent in the field. The government is encouraging the use of AI in the robots, with a focus on making robot limbs more dexterous and developing humanoid bots that can think, learn, and innovate independently. Tesla and Amazon are among the companies mentioned that are also developing humanoid robots.

Portfolio Pulse from Adam Eckert

November 07, 2023 | 10:43 pm

EOLS

Evolus has announced that its 'extra-strength' 40U formulation of Jeuveau has shown effects lasting 26 weeks in Phase II data presented at the 2023 American Society of Dermatologic Surgery Annual Meeting.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 10:39 pm

OGN

Samsung Bioepis and Organon & Co. (NYSE:OGN) have announced that the FDA has accepted for review the Supplemental Biologics License Application (sBLA) for the interchangeability designation for HADLIMA, a biosimilar to Humira. The sBLA was submitted based on clinical data from a Phase 4 study assessing the pharmacokinetic similarity between two treatment groups. The acceptance of the filing reinforces the commitment of both companies to provide better access to biologic medicines for patients in the United States.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 10:38 pm

NTDOY

Nintendo ADR (OTC:NTDOY) has announced a new Black Friday bundle for the Switch, which includes the Switch OLED model, a digital download of Super Smash Bros. Ultimate, and a three-month subscription to Nintendo Switch Online. The bundle is priced at $349.99 and will be available from Nov. 19. Nintendo will also release the Super Mario Party + Red & Blue Joy-Con bundle on Nov. 10 for $99.99. Starting Nov. 19, Nintendo will offer discounts of $20 or more on select Switch games.

Portfolio Pulse from Franca Quarneti

November 07, 2023 | 10:35 pm