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LCID

Lucid Group, Inc. showcased its new Gravity electric SUV and teased an upcoming affordable crossover EV at its Technology & Manufacturing Day. The Gravity SUV will feature a NACS charging connector in 2025 and is set to begin production later this year. Lucid also plans to produce a midsize crossover EV by late 2026, priced under $50,000. Despite these announcements, Lucid shares have declined 10% over the past five days.

Portfolio Pulse from Erica Kollmann

September 10, 2024 | 4:41 pm

AAPL

Apple's stock is trading slightly lower following the release of the iPhone 16 series and new wearable devices. Despite the initial dip, analyst Dan Ives projects strong future growth driven by AI features, with a raised price target of $300. However, Apple faces a setback with the EU court's decision on back taxes. Analysts have a mixed outlook, with a 12-month average price target of $250.39.

Portfolio Pulse from Erica Kollmann

September 10, 2024 | 4:40 pm

REVG

Renegade RV, part of REV Group, Inc., has opened a new Customer Experience Center in Elkhart, IN. The center will showcase motorhomes from various REV Group brands during the Elkhart RV Dealer Open House.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 4:37 pm

SBUX

Starbucks CEO emphasizes the company's focus on investing in technology to improve partner and customer experiences, supply chain, and mobile platforms. The company sees significant growth potential internationally, particularly in the Middle East, APAC, Europe, and Latin America, and aims to understand growth opportunities in China.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 4:34 pm

IBM

IBM has announced a definitive agreement to acquire Accelalpha, a global provider of Oracle Fusion Cloud Applications services. The acquisition is expected to close in Q4 2024, pending regulatory approvals. Financial terms were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 4:32 pm

AAPL

Apple's recent Glowtime event left analysts with mixed reactions. While some see potential in the iPhone 16 and Apple Intelligence, others believe the real upgrades will come next year. Analysts have varied price targets, with some maintaining a neutral stance. The event's highlights include healthcare features and stable pricing, but the staggered rollout of Apple Intelligence and lack of surprises were noted as negatives.

Portfolio Pulse from Chris Katje

September 10, 2024 | 4:32 pm

PEPEUSD

Neiro, a dog-themed meme coin, has surged 659% in a week following its Binance futures listing. The coin is seeing high trading volumes and interest from market makers like Wintermute. Speculators predict a bright future for Neiro, comparing it favorably to other meme coins like Pepe and Dogwifhat.

Portfolio Pulse from Khyathi Dalal

September 10, 2024 | 4:32 pm

ABBV

UNH

UnitedHealth Group plans to remove AbbVie's Humira from its preferred drug lists for reimbursement starting January 1, 2025, recommending cheaper biosimilar alternatives instead.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 4:26 pm

ABBV

UNH

UnitedHealth Group announced plans to remove AbbVie's Humira from certain U.S. drug reimbursement lists starting next year. This decision could impact AbbVie's revenue from Humira, a key product for the company.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 4:22 pm

CNTA

Centessa Pharmaceuticals (NASDAQ:CNTA) reported positive interim Phase 1 trial results for ORX750, showing significant improvements in wakefulness in sleep-deprived volunteers. The drug demonstrated a favorable safety profile, prompting plans for Phase 2 trials in 2024. CNTA stock rose 7.90% following the news.

Portfolio Pulse from Vandana Singh

September 10, 2024 | 4:19 pm