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LCID

Lucid Group, Inc. (NASDAQ:LCID) shares are trading lower after the company announced its Q3 2023 production and delivery totals. Lucid produced 1,550 vehicles and delivered 1,457 vehicles during Q3, lower than the 2,173 vehicles produced and 1,404 vehicles delivered in Q2. The company also recently opened a new EV manufacturing facility in Saudi Arabia.

Portfolio Pulse from Nabaparna Bhattacharya

October 17, 2023 | 2:29 pm

AAPL

Apple Inc. (NASDAQ:AAPL) has launched a more affordable variant of the Apple Pencil with a USB-C port. The third-generation Apple Pencil, priced at $79, promises high precision, low latency, and tilt sensitivity. It is compatible with all iPad models equipped with a USB-C port and is expected to be available in early November. However, some features present in the second-generation stylus have been cut back.

Portfolio Pulse from Rounak Jain

October 17, 2023 | 2:27 pm

AKYA

Akoya Biosciences (NASDAQ:AKYA) and The University of Queensland's Frazer Institute have published a study in GEN Biotechnology that used ultrahigh-plex spatial phenotyping to map the spatial proteome of head and neck squamous cell carcinoma (HNSCC). The study identified a high degree of intra- and inter-tumoral heterogeneity intrinsic to head and neck cancers. The analysis was conducted using Akoya's PhenoCycler-Fusion system, which is the fastest spatial biology solution available.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 2:24 pm

EVLO

Evelo Biosciences' shares are trading lower after the company reported that the primary endpoint in its Phase 2 clinical study with EDP2939 in moderate psoriasis was not achieved. The company is also exploring strategic alternatives.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 2:23 pm

AMZN

Amazon plans to launch Amazon.co.za in South Africa in 2024, allowing local sellers to reach customers across the country. Independent sellers in South Africa can register their business online starting October 17, 2023. More than 60% of sales in Amazon's store are from independent sellers, most of which are small and medium-sized businesses. Amazon's shares are trading lower by 1.86% to $130.08.

Portfolio Pulse from Nabaparna Bhattacharya

October 17, 2023 | 2:18 pm

BABA

JD

KWEB

NVDA

PDD

Alibaba Group Holding Limited (NYSE:BABA) is facing economic slowdown and deflationary pressure, with its stock trading lower. The U.S. government plans to halt shipments of advanced AI chips to China, affecting Nvidia Corp (NASDAQ:NVDA). Alibaba's Taobao & Tmall Group are offering massive discounts to compete with JD.com Inc (NASDAQ: JD) and PDD Holdings Inc (NASDAQ: PDD). Analysts have been reducing their price targets for Alibaba and JD.com due to sales not meeting expectations.

Portfolio Pulse from Anusuya Lahiri

October 17, 2023 | 2:08 pm

EVLO

Evelo Biosciences Inc (NASDAQ:EVLO) announced that it did not achieve the primary endpoint in its Phase 2 clinical study with EDP2939 in moderate psoriasis. The company will cease the development of EDP2939 and is considering strategic alternatives, including partnering EDP1815 and the SINTAX platform. Following the news, EVLO shares dropped 48.3%.

Portfolio Pulse from Vandana Singh

October 17, 2023 | 1:49 pm

NOC

Northrop Grumman Corporation (NYSE:NOC) has been selected by the U.S. Air Force for multiple awards to support the first Battlefield Airborne Communications Node (BACN) home station in the continental United States. The awards include home station activation, training for Air Force personnel, global sustainment and operations, and modernization with Ka-Band SATCOM upgrades overseas.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 1:49 pm

AAPL

GOOG

GOOGL

SSNLF

T

TMUS

VZ

According to Ookla's SpeedTest data, T-Mobile US Inc. (NASDAQ:TMUS) offers the fastest mobile internet experience in the US, outperforming rivals AT&T Inc. (NYSE:T) and Verizon Communications Inc. (NYSE:VZ). The fastest smartphone for accessing mobile internet is Apple Inc.'s (NASDAQ:AAPL) iPhone 15 Pro Max. Samsung Electronics Co Ltd.'s (OTCPK: SSNLF) Galaxy S23 Ultra and Alphabet Inc.'s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google Pixel 7 Pro also made the list.

Portfolio Pulse from Rounak Jain

October 17, 2023 | 1:44 pm

VZ

Verizon is hiring 1,800 additional technicians to support its broadband expansion across the East Coast. The roles will focus on building, maintaining, and installing Fios home internet in several states. Many positions will be based in areas where Verizon is expanding internet service in rural and underserved communities, with funding partly provided by the American Rescue Plan. All roles are expected to be filled by July 2026.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 1:43 pm