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GOOGL

Alphabet's Google has signed a deal with Kairos Power to purchase 500 megawatts of power from small modular reactors (SMRs) to meet its growing electricity demand, particularly from AI. The agreement aims to bring the first SMR online by 2030, with more deployments through 2035. This move is part of a broader trend of tech companies investing in nuclear power to address increasing energy needs.

Portfolio Pulse from Benzinga Newsdesk

October 14, 2024 | 7:06 pm

CNC

Centene Corporation's subsidiary, Meridian Health Plan of Michigan, has been awarded a contract by the Michigan Department of Health and Human Services to provide integrated Medicare and Medicaid services for dual-eligible members. The new plan will launch on January 1, 2026.

Portfolio Pulse from Benzinga Newsdesk

October 14, 2024 | 6:59 pm

NFLX

Netflix is expected to benefit from its ad-supported tier and potential price increases, with analysts raising price targets ahead of its Q3 earnings. Goldman Sachs and Macquarie analysts highlight Netflix's pricing power and market leadership as key factors for its stock performance.

Portfolio Pulse from Chris Katje

October 14, 2024 | 6:36 pm

EA

NTDOY

SONY

The US gaming market saw a 7% decline in spending in August 2024, with hardware sales dropping significantly, particularly for Nintendo's Switch. However, Electronic Arts' Madden NFL 25 was a bright spot, topping sales charts. Despite the decline, year-to-date spending remains stable.

Portfolio Pulse from Franca Quarneti

October 14, 2024 | 6:30 pm

AAPL

AMD

NVDA

TSM

Taiwan Semiconductor Manufacturing Co (TSMC) is expected to report significant Q3 revenue growth driven by AI demand, with a forecasted topline of $23.096 billion. TSMC is a key supplier for Nvidia and Apple, and is expanding its AI chip production globally.

Portfolio Pulse from Anusuya Lahiri

October 14, 2024 | 6:23 pm

BLK

BlackRock, Inc. (NYSE:BLK) reported strong Q3 earnings, with revenue and EPS beating expectations. Analysts from Morgan Stanley, Evercore ISI Group, and Barclays raised their price targets for BlackRock, reflecting positive sentiment. BlackRock's focus on private markets and infrastructure, especially AI innovation, is highlighted.

Portfolio Pulse from Avi Kapoor

October 14, 2024 | 6:21 pm

ADBE

Adobe shares are experiencing an uptick following the announcement of new product launches at the Adobe MAX 2024 event.

Portfolio Pulse from Benzinga Newsdesk

October 14, 2024 | 6:10 pm

HOLX

Hologic Inc (NASDAQ:HOLX) has agreed to acquire Gynesonics, Inc. for $350 million to enhance its fibroid treatment offerings. Gynesonics' Sonata System offers a minimally invasive solution for uterine fibroids. Analysts believe the acquisition will not significantly impact Hologic's operating margins but will expand its product suite. Hologic is expected to report its fiscal fourth-quarter earnings in early November, with analysts forecasting adjusted EPS of $1.01 and revenues of $977.05 million.

Portfolio Pulse from Vandana Singh

October 14, 2024 | 6:07 pm

ACN

Accenture has acquired Joshua Tree Group to enhance distribution center performance for retail and consumer goods clients. This acquisition will expand Accenture's capabilities in designing autonomous supply chains using AI-powered tools.

Portfolio Pulse from Benzinga Newsdesk

October 14, 2024 | 5:52 pm

BIIB

LLY

Eli Lilly plans to invest $294.41 million in a new Gateway Lab in the U.K., enhancing its presence in the life sciences sector. However, its Alzheimer's drug, donanemab, faces regulatory challenges in Europe due to safety concerns. The European Medicines Agency has been cautious, having already rejected a similar drug by Biogen and Eisai. The U.K. is reviewing donanemab, but challenges remain due to the cost and complexity of early Alzheimer's diagnosis.

Portfolio Pulse from Vandana Singh

October 14, 2024 | 5:52 pm