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WMS

Advanced Drainage Systems (NYSE:WMS) has partnered with Geoplast to distribute the Aquabox stormwater management system in the U.S., expanding its product portfolio.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 3:17 pm

NVDA

TSM

China's export controls on semiconductor materials like germanium and gallium are impacting global supply chains, affecting companies like Taiwan Semiconductor (TSM) and Nvidia (NVDA). These restrictions are causing cost spikes and potential price increases for AI chips.

Portfolio Pulse from Anusuya Lahiri

August 27, 2024 | 3:15 pm

USO

Venezuela's President Maduro is preparing to make executive changes at the state oil company PDVSA, according to company sources. This move could impact the global oil market and related assets.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 3:14 pm

SNAP

Snapchat has launched native support for iPads, allowing the app to fill the iPad's full screen. This update enhances accessibility and positions Snapchat to better compete with TikTok, which already supports larger screens. Instagram has yet to release a native iPad app, giving Snapchat a competitive edge.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 3:11 pm

TSLA

XPEV

Xpeng has launched its mass-market Mona M03 electric vehicle, priced under $17,000, with basic driver-assist features. This positions Xpeng as a competitive player in the affordable EV market, challenging Tesla's pricing in China. The Mona M03 uses technology from Didi and BYD's blade battery to reduce costs.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 3:10 pm

BLCR

SONY

SROI

Sony Group Corporation (NYSE:SONY) shares are trading higher after announcing a 20% price increase for its PlayStation 5 console in Japan due to global economic fluctuations. Despite a decrease in expected PS5 sales, Sony's game-division profit is projected to exceed guidance. Investors can gain exposure to Sony through ETFs like BlackRock Large Cap Core ETF (NASDAQ:BLCR) and Calamos Antetokounmpo Global Sustainable Equities ETF (NYSE:SROI).

Portfolio Pulse from Nabaparna Bhattacharya

August 27, 2024 | 3:06 pm

PODD

Insulet's shares are rising following the announcement that its Omnipod device is now approved for use by individuals with type 2 diabetes in the US.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 3:04 pm

MMS

Maximus (NYSE:MMS) has been awarded a $20 million contract by the Office of Personnel Management to provide contact center services for the new Postal Service Health Benefits Program, launching in November. The program will offer health insurance to eligible Postal Service employees and their families starting in 2025.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 3:02 pm

META

Meta has announced the shutdown of its Meta Spark platform for third-party AR tools and content, effective January 14, 2025. This move is part of Meta's strategy to focus on products that better serve future consumer and business needs. AR effects owned by Meta will remain available.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 2:58 pm

HIMS

LLY

Eli Lilly's expansion of its obesity treatment, Zepbound, at competitive prices has impacted Hims & Hers Health stock, which fell by 5.05%. The new pricing strategy poses a threat to Hims & Hers' market share and profit margins, as Zepbound offers a more affordable and effective option for weight loss.

Portfolio Pulse from Henry Khederian

August 27, 2024 | 2:54 pm