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ULTA

Target Corp (NYSE:TGT) and Ulta Beauty Inc (NASDAQ:ULTA) have partnered with Rihanna's Fenty Beauty to expand product distribution. The new line of Fenty Snackz will be available in Target stores and online from October 1. Several of the new products will be exclusive to Target. This partnership is part of Target's strategy to lift its shares, which are currently near 52-week lows.

Portfolio Pulse from Chris Katje

September 29, 2023 | 4:54 pm

ATVI

Activision Blizzard Inc is celebrating the 20th anniversary of King, the interactive entertainment company it acquired in 2016. King's Candy Crush Saga has generated $20 billion in revenue since its launch 11 years ago, attracting millions of active players every month and accumulating five billion downloads across all devices. King's president expressed optimism for the future and the company's commitment to delivering fun gameplay and memorable moments for its players.

Portfolio Pulse from Franca Quarneti

September 29, 2023 | 4:21 pm

FUSN

NVS

Oppenheimer has initiated coverage on Fusion Pharmaceuticals Inc (FUSN) with an Outperform rating and a price target of $13. The firm cites Fusion's pipeline as among the best in the targeted radionuclide therapies (TRTs) space, with three candidates currently in clinical development. The analysts also highlight Fusion's potential to compete directly against beta-emitter treatments for patients, which could provide over 2x upside to Oppenheimer's current valuation. The interim Phase 2 data from FPI-2265 in mCRPC patients, anticipated 1Q24, is expected to have a potential impact.

Portfolio Pulse from Vandana Singh

September 29, 2023 | 4:21 pm

ABBV

AbbVie Inc's Phase 3 CANOVA study evaluating venetoclax plus dexamethasone for patients with t(11;14)-positive relapsed or refractory multiple myeloma did not demonstrate significant improvement in progression-free survival. Although patients receiving the treatment showed improvement in median PFS, the results did not reach statistical significance. Following the news, ABBV shares are down 1.81%.

Portfolio Pulse from Vandana Singh

September 29, 2023 | 4:18 pm

MA

Mastercard has partnered with Mercedes-Benz to launch an in-car payments solution, allowing customers to make fuel payments directly from their cars. Despite this innovation, Mastercard's stock has seen a 6% decline. However, with a support level at $390, the stock has potential to surpass its previous all-time high if it can overcome the $400 level again. The year-to-date gains for the stock stand at 14%.

Portfolio Pulse from Zaheer Anwari

September 29, 2023 | 4:06 pm

AMZN

YOU

Washington state lawmakers are considering a bill that would allow private entities selling alcohol or cannabis to use biometric age verification. The State Liquor and Cannabis Board would oversee the implementation of fingerprint scanning and facial analysis. Companies such as CLEAR Secure (NYSE:YOU) and Amazon’s (NASDAQ:AMZN) Amazon One already use biometric verification in the state. However, biometric verification can only supplement, not replace, state-issued IDs.

Portfolio Pulse from Nina Zdinjak

September 29, 2023 | 3:13 pm

NKLA

Nikola Corporation (NASDAQ:NKLA) shares are trading lower on Friday, despite the stock being up more than 25% over the last five sessions. The company recently celebrated the commercial launch of its Nikola hydrogen fuel cell electric vehicle. The stock is moving on heavy trading volume, with more than 33 million shares traded in the session, compared to its 100-day average of 92.215 million shares. Nikola Corporation shares are down 2.4% at $1.61 at the time of publication.

Portfolio Pulse from Erica Kollmann

September 29, 2023 | 3:12 pm

EH

EHang Holdings Limited (NASDAQ:EH) has delivered five units of EH216-S autonomous aerial vehicles to Shenzhen Boling Holding Group Co., Ltd. This is part of Boling's plan to purchase up to 100 units of EH216-S from EHang. The purchase of an additional 95 units is dependent on EHang receiving the EH216-S type certification from the Civil Aviation Administration of China.

Portfolio Pulse from Charles Gross

September 29, 2023 | 3:10 pm

CCL

CUK

Carnival Corporation's European brands are now booking at levels similar to 2019, while its North American brands are exceeding historical highs, according to a company executive.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 2:11 pm