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FYBR

Frontier Communications (NASDAQ: FYBR) has been awarded over $23 million in grants to expand its fiber broadband service to unserved communities in California, specifically in Riverside and San Bernardino counties. This expansion aims to provide fast and reliable internet connectivity, enhancing economic and educational opportunities for residents.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 1:04 pm

MAT

Fisher-Price is recalling approximately 366,200 dumbbell toys included in Baby Biceps Gift Sets due to a choking hazard, as announced by the U.S. Consumer Product Safety Commission (CPSC).

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 1:03 pm

TCJH

Top KingWin's subsidiary, Shenzhen Tomorrow Innovation, has acquired Guji Technology, enhancing its AI strategy with expertise in storage chips and servers. No financial terms were disclosed.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 1:03 pm

SCLX

Scilex Holding Company has received FDA approval for precision dosing on the GLOPERBA label, a liquid oral version of colchicine for gout treatment. This approval targets a significant unmet need in the gout treatment market, projected to reach $2 billion by 2028.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 1:02 pm

ACN

GOOGL

Accenture and Google Cloud are advancing their strategic alliance to enhance solutions in generative AI and cybersecurity for enterprise clients. They are increasing investments to support businesses in scaling AI projects and securing operations.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 1:01 pm

IYG

MA

XLF

Mastercard has launched its Payment Passkey Service globally to enhance online shopping security by using tokenized transactions and biometric authentication. The service aims to reduce fraud and improve approval rates, initially piloted in India, and will expand globally. Mastercard's stock is accessible via ETFs like iShares U.S. Financial Services ETF (IYG) and Financial Select Sector SPDR Fund (XLF).

Portfolio Pulse from Lekha Gupta

August 29, 2024 | 1:00 pm

F

GM

US EV sales are projected to reach only 9% in 2024, down from a 12% estimate, due to slower growth and increased competition from gasoline vehicles. Ford and GM are adjusting strategies, impacting the EV battery supply chain. Long-term EV market outlook remains optimistic.

Portfolio Pulse from Benzinga Neuro

August 29, 2024 | 12:49 pm

TM

TSLA

Toyota and Tesla are experiencing declining vehicle sales in China due to severe market conditions and intense competition. Toyota's sales in China dropped 10% year-on-year, while Tesla's sales fell 0.3%. The Chinese EV market is highly competitive, with companies like BYD seeing growth.

Portfolio Pulse from Anan Ashraf

August 29, 2024 | 12:45 pm

SHOT

Safety Shot shares rose following the announcement of positive clinical data results from a double-blind, randomized, placebo-controlled study.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 12:44 pm

BLDR

SERV

VKTX

VRTX

Jim Cramer discussed several stocks on CNBC's 'Mad Money Lightning Round.' He praised Vertex Pharmaceuticals for its strong performance and revenue guidance increase. Builders FirstSource is recommended as a buy, while Viking Therapeutics faces challenges due to high factory costs. Serve Robotics is not recommended due to its financial losses.

Portfolio Pulse from Avi Kapoor

August 29, 2024 | 12:42 pm