Lucid Surges 30% on Uber Robotaxi Deal; GE Aerospace Beats; Mixed Earnings
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The Daily Update: Lucid Group shares skyrocketed over 30% following the announcement of a groundbreaking $300 million partnership with Uber to deploy more than 20,000 robotaxis over six years, bringing together Uber as the platform and investor, Lucid as the vehicle manufacturer, and Nuro as the autonomous driving technology provider for Level 4 self-driving systems. Strong Q2 earnings continued across major corporations as GE Aerospace exceeded expectations with $11.0 billion revenue and raised its 2025 guidance, while mixed results emerged from PepsiCo with core EPS of $2.12 beating forecasts despite revenue falling short, and Elevance Health disappointed with $8.84 adjusted EPS missing the $9.16 estimate due to elevated medical costs in ACA and Medicaid sectors.
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Why Did Lucid’s Shares Surge Today? Uber’s Involved
Lucid Group's stock surged 30% after announcing a $300 million partnership with Uber to deploy over 20,000 robotaxis.
GE Aerospace Reports Strong Q2 2025 Performance and Raises Future Outlook
GE Aerospace has exceeded expectations in its Q2 2025 financial results, leading to an upward revision of its guidance for 2025.
PepsiCo Reports Mixed Q2 2025 Results: Performance and Future Outlook
PepsiCo reported a mixed performance for Q2 2025, with core earnings per share exceeding expectations but net revenue falling short.
Elevance Health (ELV) Falls Short of Expectations with Q2’25 Results
Elevance Health reported a 14.3% increase in operating revenue for Q2 2025, although earnings per share fell short of expectations.
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