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The IAA motor show in Munich highlighted the strength of China's EV market, with Tesla unveiling an improved Model 3 and Chinese brands BYD and XPeng showcasing their models. European automakers also revealed their EV plans, with BMW unveiling a concept car for its new EV series, Mercedes-Benz revealing a coupe-style EV, and Volkswagen aiming to halve battery cell costs through its partnerships in China.

Portfolio Pulse from Upwallstreet

September 06, 2023 | 5:11 pm

AAPL

Apple Inc. is set to unveil a new iPhone with a USB-C charging port on September 12, 2023, in compliance with European Union regulations. Despite a 13% drop in stock price to $171, Apple's stock has shown resilience, bouncing back by 10% and closing at $189.70 on September 5, 2023.

Portfolio Pulse from Zaheer Anwari

September 06, 2023 | 4:58 pm

Zoom Video Communications Inc (ZM) announced that its AI assistant, Zoom AI Companion, will now be included for customers with paid services at no additional cost. The AI assistant aims to increase productivity and improve team effectiveness. The company also renamed its AI-powered sales software to 'Zoom Revenue Accelerator'. Josh Brown from Ritholtz Wealth Management announced his decision to buy Zoom shares, citing the company's competitive pricing model.

Portfolio Pulse from Adam Eckert

September 06, 2023 | 4:42 pm

WBD

Warner Bros. Discovery Inc. plans to offer live sports for free on its Max streaming service for a limited time later this year. The move is aimed at attracting new customers. However, customers will need to pay an additional amount for sports starting next year, likely around February or March.

Portfolio Pulse from Happy Mohamed

September 06, 2023 | 4:38 pm

CMCSA

DKNG

PARA

The 2023 NFL season is about to start, with the Super Bowl scheduled for February 2024. Four teams have never been to a Super Bowl: the Cleveland Browns, Detroit Lions, Houston Texans, and Jacksonville Jaguars. Betting odds for these teams to reach or win the Super Bowl have been provided by DraftKings Inc. CBS, a unit of Paramount Global, has the rights to Super Bowl LVIII in 2024, while NBC, owned by Comcast Corporation, will air the first game of the season.

Portfolio Pulse from Chris Katje

September 06, 2023 | 4:30 pm

MSFT

NVDA

Microsoft-backed startup D-Matrix is set to compete with Nvidia in the AI market. D-Matrix recently raised $110 million in a Series B funding round, led by Temasek and supported by Playground Global and Microsoft. The startup's unique selling proposition is its tailored chips, optimized for generative AI applications. Microsoft is actively considering the startup's chip for its ventures. D-Matrix projects a revenue of under $10 million this year, with an anticipated annual revenue of $70 to $75 million within two years.

Portfolio Pulse from AJ Fabino

September 06, 2023 | 4:30 pm

ONDS

Ondas Holdings Inc. (NASDAQ:ONDS) has announced that its Airobotics Optimus 1-EX drone has been granted Type Certification by the U.S. Federal Aviation Administration (FAA). This certification, the highest level of Airworthiness Certification, will streamline the approval of drone fleet deployments across American cities for critical functions such as public safety and other vital services. The Optimus System is already operating in urban environments in the UAE, and Ondas plans to leverage this experience to conduct similar operations in the U.S.

Portfolio Pulse from Happy Mohamed

September 06, 2023 | 4:20 pm

HERTF

Heritage Cannabis Holdings Corp.'s Pura Vida products have been approved for retail and online distribution in Québec. This marks a significant expansion for the company, which is now selling products in every province in Canada. The company's shares traded 7.4074% higher at $0.0116 per share following the announcement.

Portfolio Pulse from Jelena Martinovic

September 06, 2023 | 4:11 pm

LMT

Lockheed Martin has delayed the delivery schedule of its first TR-3 jet to between April and June 2024, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 4:06 pm

AKTS

AMC

EZGO

FOXO

MRIN

PALI

U.S. stocks traded lower with the Dow Jones falling around 200 points. The ISM services PMI rose to 54.5 in August, indicating the strongest growth in the services activity in six months. Palisade Bio, FOXO Technologies, and Marin Software saw their shares rise due to various positive developments. However, EZGO Technologies, Akoustis Technologies, and AMC Entertainment saw their shares drop due to negative news.

Portfolio Pulse from Lisa Levin

September 06, 2023 | 4:05 pm