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AAPL

HNHPF

Apple Inc. (AAPL) is preparing for the launch of iPhone 15 amid a slump in the U.S. smartphone market. The company expects iPhone sales in the U.S. to improve in the current period, potentially better than the 2.4% drop seen in the June quarter. However, overall revenue is expected to decline in the September quarter, extending the company's year-over-year sales decline for a fourth straight quarter. The iPhone 15 is expected to go on sale around Sept. 22.

Portfolio Pulse from Shanthi Rexaline

August 07, 2023 | 4:57 am

BIIB

SAGE

Sage Therapeutics and Biogen announced that the FDA has approved ZURZUVAETM 50 Mg for adults with postpartum depression. This approval could potentially boost the companies' revenues and market share in the pharmaceutical industry.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 4:46 am

TSLA

A leaked video from Tesla's Gigafactory Texas reveals more details about the Cybertruck's front trunk, or 'frunk'. The frunk, although smaller than anticipated, is a valuable addition to electric pickup trucks, providing an enclosed, clean storage space. Cybertruck deliveries are expected to commence by next month’s end.

Portfolio Pulse from Benzinga Neuro

August 07, 2023 | 4:41 am

META

Meta Platforms Inc. CEO Mark Zuckerberg has expressed skepticism over Elon Musk's choice of a streaming platform for their anticipated cage fight, suggesting a 'more reliable platform' should be used. Zuckerberg may be hinting at Facebook or Instagram, both of which have built-in fundraising features. Musk responded by pointing out recent outages on Meta's platforms. The cage fight, proposed as a charity event for veterans, has been making headlines since June.

Portfolio Pulse from Ananya Gairola

August 07, 2023 | 3:42 am

ORCL

Oracle has announced the new Oracle Cloud for Australian Government and Defense in Canberra. The new region offers over 100 services and is a highly secure hyperscale cloud platform. It is physically isolated from Oracle's other public and government cloud regions and has completed the IRAP assessment at PROTECTED level.

Portfolio Pulse from Charles Gross

August 06, 2023 | 11:21 pm

AAPL

DKNG

DraftKings Inc (NASDAQ:DKNG) CEO Jason Robins has stated that the arrival of Lionel Messi to Major League Soccer (MLS) team Inter Miami is a 'big game changer' for MLS and has increased betting on the platform. He also noted that women's sports, particularly the Women's World Cup and WNBA, are seeing increased betting activity. Apple Inc (NASDAQ:AAPL), which holds exclusive media rights to the MLS, has seen subscription increases for its streaming platform and MLS Season Pass package.

Portfolio Pulse from Chris Katje

August 06, 2023 | 4:45 pm

AAPL

META

MSFT

This week in AI, Microsoft's investment in OpenAI led to the demise of Cortana, with the company pivoting to Bing Chat powered by OpenAI's ChatGPT. Meta Platforms unveiled a new AI tool, AudioCraft, that transforms text into music. Google's Assistant received an AI upgrade. Apple's CEO, Tim Cook, revealed the company's long-term investment in ChatGPT-like AI tech. Elon Musk's X.ai took over AI.com, marking a new chapter in the battle with OpenAI and the AI industry.

Portfolio Pulse from Benzinga Neuro

August 06, 2023 | 4:00 pm

TSLA

Tesla Inc (NASDAQ:TSLA) could potentially sell its Model 3 RWD for under $20,000 in Colorado due to various state incentives and tax credits. The state's incentives are part of a push by Governor Jared Polis to increase the number of electric vehicles on the road. However, Tesla CEO Elon Musk clarified that not all credits are stackable and there are significant income restrictions.

Portfolio Pulse from Chris Katje

August 06, 2023 | 12:29 pm

AAPL

This week, Apple Inc. (NASDAQ:AAPL) announced a significant discount on the 16-inch 2021 MacBook Pro, rumors of a major overhaul for the iPhone 15, and the introduction of a new color for the Apple Watch Series 9. The company also removed hundreds of ChatGPT-like apps from the Chinese App Store due to illegal content. Additionally, Apple reported a record-breaking quarter in India, despite the global drop in iPhone sales.

Portfolio Pulse from Benzinga Neuro

August 06, 2023 | 12:01 pm

LCID

TSLA

Lucid Group, Inc. (NASDAQ:LCID) has announced significant price reductions across its electric vehicle models, with the cheapest model now starting at $82,400, down from $92,900. The company also plans to offer a cheaper Air Pure rear-wheel drive model at $77,400. The price cuts are part of Lucid's larger sales and marketing efforts to drive demand and deliveries. The company is also offering exclusive lease and financing options through Lucid Financial Services. The price cuts come as Lucid struggles with lower-than-expected Q2 production and deliveries and liquidity issues.

Portfolio Pulse from Shanthi Rexaline

August 05, 2023 | 9:22 pm