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AAPL

During Apple Inc.'s recent earnings call, CEO Tim Cook emphasized the significant role of artificial intelligence (AI) in the company's products and future development. Cook stated that AI and machine learning are fundamental technologies integral to virtually every product that Apple ships. He also indicated that a significant portion of the approximately $8 billion increase in R&D expenditure was invested in AI and silicon.

Portfolio Pulse from Benzinga Neuro

November 03, 2023 | 4:26 am

RIVN

Rivian (NASDAQ:RIVN) has hired former Mercedes-Benz executive Arnhelm Mittelbach as the first manager of its upcoming Georgia plant. The plant, set to commence construction next year, will produce Rivian’s next-gen R2 products, which will be priced more affordably than the current models. The first production phase of the new plant is expected to begin next year, with an estimated annual capacity of 200,000 once fully operational. Rivian plans to ramp up to a 400,000 annual EV capacity by the end of the decade.

Portfolio Pulse from Benzinga Neuro

November 03, 2023 | 2:30 am

AUPH

Aurinia Pharmaceuticals Inc. (NASDAQ:AUPH) presented nine studies at the annual American Society of Nephrology Kidney Week 2023, reinforcing the safety and effectiveness of LUPKYNISⓇ (voclosporin) for the treatment of adult patients with active Lupus Nephritis (LN). The studies showed that patients treated with LUPKYNISⓇ achieved improvement in histologic activity with stable chronicity scores and no evidence of chronic injury. The data also suggested that LUPKYNISⓇ plus standard of care improved safety and demonstrated earlier reductions in proteinuria compared to a conventional regimen. A post-hoc analysis showed Black patients experienced improved outcomes and better renal response when using LUPKYNISⓇ.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 10:02 pm

CMCSA

DIS

NFLX

PENN

The Walt Disney Company (NYSE:DIS) is set to report its Q4 financial results. Analysts expect Disney to report Q4 revenue of $21.355 billion, an increase from $20.15 billion in the prior year's period. Disney has beaten revenue estimates in five of the last seven quarters. The company is also expected to report Q4 earnings per share of 71 cents, an increase from the 30 cents reported in the prior year's period. Disney has beaten earnings per share estimates in five of the last seven quarters. Key items to watch include the company's streaming business, updates on Disney+ subscribers, and the impact of the Hollywood Strike on the company's movie slate in 2024.

Portfolio Pulse from Chris Katje

November 02, 2023 | 9:52 pm

WULF

TeraWulf Inc. (NASDAQ:WULF) has released its unaudited monthly production and operations update for October 2023. The company mined 314 bitcoins in October, bringing the total to 2,744 BTC mined year-to-date. The company also participated in multiple demand response programs at the Lake Mariner facility. The power cost averaged $10.8k per bitcoin produced. The company's Lake Mariner facility is on schedule for completion by year-end.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 9:46 pm

CMG

MCD

META

SBUX

Starbucks Corporation reported its fiscal fourth quarter earnings, topping estimates with a revenue rise of 11.4% to $9.37 billion. The company attributed its success to U.S. customers continuing to spend on custom coffee drinks, even amidst inflation. The trend follows similar reports from McDonald’s Corporation and Chipotle Mexican Grill Inc. Starbucks also credited social media platforms like TikTok and Instagram for promoting custom drinks. The company's active reward members grew 4% YoY in the U.S. and 22% YoY in China.

Portfolio Pulse from Upwallstreet

November 02, 2023 | 9:45 pm

PLL

Piedmont Lithium (NASDAQ:PLL) announced that initial 2023 drill campaign results from the jointly owned North American Lithium (NAL) project have identified multiple, high-grade lithium zones. The results indicate potential for further mineral resource conversion and mine life extension at NAL. Piedmont holds a 25% stake in NAL, with Sayona Mining holding the remaining 75%.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 9:43 pm

CLLS

Cellectis (CLLS) announced preliminary results of the Phase I NATHALI-01 and updated results of the Phase I BALLI-01 clinical trials. The trials evaluate UCART20x22 and UCART22 respectively, in patients with relapsed or refractory non-Hodgkin lymphoma and B-cell acute lymphoblastic leukemia. The data will be presented at the American Society of Hematology 65th Annual Meeting. The initial data supports the continued clinical trial evaluating UCART20x22. UCART22 Process 2, manufactured in-house by Cellectis, showed a higher preliminary response rate compared to UCART22 Process 1, manufactured by an external CDMO.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 9:42 pm

AAPL

Apple's CFO has announced that the year-on-year revenue performance for both iPad and Wearables and Accessories is expected to decelerate significantly compared to the September quarter. This is due to a different timing of product launches.

Portfolio Pulse from Charles Gross

November 02, 2023 | 9:38 pm

MRCY

Mercury Systems, Inc. (NASDAQ:MRCY) has announced an agreement with the U.S. Navy to develop manufacturing capabilities for commercial photonics chiplets to accelerate edge processing in defense applications. The $3.9 million, 17-month agreement will allow Mercury to access photonics devices developed by Intel and Ayar Labs for the commercial sector. The technology will enable faster decision-making in next-generation radar and electronic warfare systems.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 9:33 pm