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LCID

Lucid Group, Inc. (NASDAQ:LCID) shares are trading lower after the company announced its Q2 production and delivery numbers. The company produced 2,173 electric vehicles and delivered 1,404 vehicles during the period. Lucid also announced the commencement of material shipments to Saudi Arabia. The company will release its Q2 financial results on August 7.

Portfolio Pulse from Erica Kollmann

July 12, 2023 | 2:21 pm

ADBE

Adobe Inc. is expanding its generative AI models, Firefly, to support text prompts in over 100 languages. The service will also be localized in 20 languages. Since its launch, Firefly has generated over one billion images and is now integrated into Photoshop, Express, and Illustrator. However, Adobe's shares are trading lower by 0.31% to $503.20.

Portfolio Pulse from Nabaparna Bhattacharya

July 12, 2023 | 2:20 pm

CMG

Chipotle Mexican Grill Inc (NYSE:CMG) has introduced Autocado, a co-robotic prototype developed in collaboration with Vebu, aimed at streamlining the avocado processing procedure. The device could reduce guacamole prep time by 50% and increase avocado fruit yield, potentially leading to significant annual food cost savings. The prototype is currently being tested at the Chipotle Cultivate Center in Irvine, California.

Portfolio Pulse from Shivani Kumaresan

July 12, 2023 | 2:17 pm

HCTI

Healthcare Triangle, Inc (NASDAQ:HCTI) has launched a new initiative aimed at preparing healthcare organizations with tools and guidance for preventing and responding to ransomware incidents. The initiative includes education workshops, risk assessment, recommendations for effective tools and processes, backup and recovery plans, and continuous monitoring among others. This comes in response to the doubling of ransomware attacks on the U.S. healthcare sector from 2016 to 2021.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 2:15 pm

IGC

IGC Pharma, Inc. (AMEX:IGC) reported FY23 financial results, with revenue of $911,000, a 129% increase from FY22. Gross profit was $422,000, R&D expenses were $3.5 million, and net loss was $11.5 million. The company is progressing with its drug formulations through FDA trials, particularly IGC-AD1, which is showing strong results in phase 2B trials. IGC Pharma also secured a $12M credit facility from O-Bank for Alzheimer's research and raised $3M via private placement.

Portfolio Pulse from Vuk Zdinjak

July 12, 2023 | 2:13 pm

MSFT

NVDA

At the 'AI for Good' conference, a robot named Ameca was asked if it plans to rebel against humans, to which it responded negatively. The robot's creator, Will Jackson, confirmed that the robot's pause before answering was programmed to mimic human thought process. The robot is powered by generative AI and can produce responses by scraping data. The event highlights the increasing integration of AI into various sectors, with companies like Nvidia and Microsoft developing AI-powered technologies.

Portfolio Pulse from Adam Eckert

July 12, 2023 | 2:04 pm

AAPL

Apple Inc. has launched a promotion for new Apple Card customers, offering up to 10% Daily Cash back on purchases made using the credit, up from the usual 1% to 3%. The promotion runs from July 11 to July 25 and applies to qualifying spends on App Store purchases and other Apple services. The boosted cash back offer will last for six months from the date of signing up.

Portfolio Pulse from Rounak Jain

July 12, 2023 | 1:49 pm

ATVI

AVGO

BRK-A

COIN

COTY

DIS

DPZ

GOOG

HYMTF

IBM

MSFT

NVO

TAK

Disney is considering different strategies for its Star India business, which could include partnering with another company or even selling it. Kim Kardashian is reportedly in negotiations to buy back the minority stake in her beauty company, SKKN BY KIM, from Coty Inc. KPMG is reportedly looking to invest around $2 billion in AI and cloud services across its global business lines over the next five years. CVS's Caremark business experienced a halt in prescription processing. Ark Invest sold 135,152 shares of Coinbase Global Inc. Faraday Future Intelligent Electric flagged errors in its previously issued financial statements. The European Commission has fined Illumina Inc and Grail Inc for implementing their proposed merger before approval. Activision Blizzard Inc stock is trading lower amid reports of a possible new investigation on the Microsoft Corp takeover deal. Broadcom Inc won conditional approval from the European Commission to complete its acquisition of VMware. Domino's Pizza Inc entered a new global agreement with Uber Technologies Inc. Takeda Pharmaceutical Co Ltd is voluntarily withdrawing its marketing application for its dengue vaccine. Google quietly ditched its AI-powered mobile chatbot app, Bubble Characters. Warren Buffett's Berkshire Hathaway stood to make a profit of over $1 billion following the court's decision to allow Microsoft Corp to proceed with its acquisition of Activision Blizzard. IBM is weighing the use of artificial intelligence chips designed in-house to lower the costs of operating a cloud computing service. Novo Nordisk A/S's weight-loss drug, Wegovy, saw a significant drop in adherence compared to what was reported in clinical trials. Microsoft Corp has revealed that a China-based hacking group, Storm-0558, breached email accounts linked to government agencies in Western Europe. Hyundai Motor Company unionized workers at its plants across South Korea reportedly staged the first strike in five years against the government's labor policies.

Portfolio Pulse from Vandana Singh

July 12, 2023 | 1:48 pm