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Shares of several companies experienced notable movements in midday trading. EVgo saw a 55% surge after receiving a $1.05 billion conditional loan from the Department of Energy, with JPMorgan upgrading the company to overweight. Hims & Hers Health witnessed a nearly 14% drop following news that a shortage of popular weight loss drugs had been resolved. Joby Aviation’s shares decreased by over 7% after a previous session spike, while Levi Strauss dipped more than 7% due to a trimmed revenue outlook. Wolfspeed fell 6% after a downgrade, while Nvidia rose over 3% on high demand for its new artificial intelligence chips. Stellantis saw a nearly 4% decline after a Barclays downgrade, and Palantir Technologies saw a 3% increase on news of a new partnership. Utility Stocks Vistra and Constellation Energy also experienced jumps after a statement by Google CEO Sundar Pichai.
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Emily Jensen, graduated from the London School of Economics and Political Science (LSE) in the UK in 2015 with a degree in Economics. She specializes in financial markets and international trade. After graduating, she worked as an analyst at an investment bank in London, where she developed expertise in global economic trends. She later transitioned into consulting, focusing on fintech ventures and providing insights into global economic developments. Emily is passionate about the intersection of finance and technology and aims to drive innovation in the financial sector.
