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BUD

DIS

MAT

NXST

Drew Barrymore has announced that she will not continue with new episodes of her daytime talk show until the WGA and SAG-AFTRA strikes are resolved. This decision has been met with mixed reactions. Meanwhile, Barbie sales were up 25% in July and August, which could have implications for Mattel (NASDAQ:MAT). Discussions about a potential sale of ABC and its TV stations from Walt Disney (NYSE:DIS) to Nexstar Media Group Inc (NASDAQ:NXST) have begun. Bud Light (NYSE:BUD) is also mentioned in the context of a potential Super Bowl ad.

Portfolio Pulse from Anthony Noto

September 17, 2023 | 5:27 pm

ARIZ

Arisz Acquisition has announced an extension of the deadline to complete its business combination from September 22 to October 22. The company has deposited $120K in a trust account to facilitate this extension.

Portfolio Pulse from Benzinga Newsdesk

September 15, 2023 | 8:18 pm

CELUSD

CORZQ

Crypto mining providers Celsius Mining and Core Scientific have reached a speculative $45 million settlement deal for a long-standing legal dispute. Under the agreement, Celsius will pay $14 million in cash and the remaining to be adjusted debt. The deal is yet to be approved by Texas and New York judges. The agreement involves the sale of Core Scientific’s Bitcoin mining data center site in Texas to Celsius and the settlement of all existing litigation between the two parties.

Portfolio Pulse from Khyathi Dalal

September 15, 2023 | 7:02 pm

DIS

NXST

Walt Disney Co (DIS) is reportedly in preliminary talks with Nexstar Media Group, Inc (NXST) to potentially sell the ABC Network for $4.0 billion or more. However, an analyst from Mizuho sees this potential sale as unfavorable for DIS due to dilution and FCC regulations. Additionally, DIS is likely to cut its target for Disney+ streaming subscribers from its previously provided range. DIS shares traded higher by 0.65% at $85.03 on the last check Friday.

Portfolio Pulse from Anusuya Lahiri

September 15, 2023 | 6:36 pm

APO

BMO Capital Markets analyst Rufus Hone reiterated an Outperform rating on Apollo Global Management, Inc. (NYSE:APO), raising the price target to $103 from $96. The analyst believes the strategic benefits of the APO-Athene merger are increasingly appreciated by investors. He also expects APO's EPS target for 2026 to be easily surpassed and views his current forecasts as conservative. APO's annual asset origination capacity totals ~$100 billion currently, with significant growth expected in the future.

Portfolio Pulse from Nabaparna Bhattacharya

September 15, 2023 | 6:04 pm

AVTX

FFIE

IOVA

NVX

PTCT

Several stocks experienced significant price movements in Friday's mid-day session. Novonix Limited's shares rose by 27.4% after the company announced it achieved high-performance battery grade synthetic graphite production milestones. Iovance Biotherapeutics' shares jumped 20.8% after the FDA extended its BLA Priority Review for lifileucel. Faraday Future Intelligent Electric's shares gained 19.5% after announcing a new car delivery. On the other hand, Avalo Therapeutics' shares fell 31.6% after agreeing to divest AVTX-800 series. PTC Therapeutics' shares fell 31.6% after receiving a negative opinion on the conversion of the conditional marketing authorization to full marketing authorization of Translarna.

Portfolio Pulse from Lisa Levin

September 15, 2023 | 4:40 pm

ETRGF

TLRY

Entourage Health Corp. has extended its supply agreement with HEXO Corp., securing ongoing access to high-quality cannabis biomass for its product portfolio. The prices of all products supplied under the agreement are fixed but subject to adjustments depending on production costs. Following HEXO's acquisition by Tilray Brands Inc., Entourage shifted its sourcing strategy, now obtaining cannabis from Tilray cultivation sites. HEXO's obligations under the deal have been assigned to Aphria Inc., Tilray's principal operating entity.

Portfolio Pulse from Jelena Martinovic

September 15, 2023 | 3:00 pm

PLTK

Playtika Holding Corp. (NASDAQ:PLTK) has agreed to acquire Israeli mobile gaming studio Innplay Labs for an upfront consideration of $80 million, with a maximum consideration of $300 million. This is Playtika's second acquisition this quarter and represents a strategic expansion of the company's portfolio. The deal is expected to drive sustained, long-term growth for Playtika.

Portfolio Pulse from Nabaparna Bhattacharya

September 15, 2023 | 2:55 pm

AYRWF

CCHWF

PLNHF

TCNNF

VRNOF

Florida's cannabis market is showing robust growth with a valuation of over $1.4 billion and a volume growth rate surpassing 30%. The potential for recreational legalization has driven stock prices upward. Planet 13 (OTC:PLNHF) plans to acquire VidaCann, a significant player in the state. Independent operators like Cansortium and Green Dragon are rising, while multi-state operators like Surterra, iAnthus, and Columbia Care (OTC:CCHWF) might consider divesting their Florida assets. Trulieve (OTC:TCNNF) remains the market leader, but Verano (OTC:VRNOF) and AYR (OTC:AYRWF) are experiencing significant growth.

Portfolio Pulse from Nicolás Jose Rodriguez

September 15, 2023 | 2:30 pm

ARM

BBBYQ

CRM

DIS

LMT

NOC

NVS

RTX

STLA

TMUS

YUMC

Instacart is considering revising its IPO target price upwards following Arm Holdings Plc's IPO debut. Goldman Sachs is offering affluent clients a chance to acquire a share of ownership in a private sports team. RTX Corp terminated a multi-billion-dollar agreement with Scopa Defense due to concerns about international sanctions. Byron Allen has made a $10 billion offer to acquire a significant chunk of Walt Disney Co's media empire. Salesforce Inc is hiring approximately 3,300 new employees. The United Auto Workers union has started a simultaneous strike against the Detroit three automakers. Novartis AG's shareholders approved the proposed 100% Spin-off of Sandoz. T-Mobile US Inc is exploring a significant foray into the fiber-optic network arena. China is set to impose sanctions against Lockheed Martin Corp and Northrop Grumman Corp. Former employees of Bed Bath & Beyond Inc filed a lawsuit against the committee responsible for overseeing its 401(k) retirement plan. Citigroup Inc is reportedly considering job cuts. Yum China Holdings Inc is investing heavily in technology.

Portfolio Pulse from Vandana Singh

September 15, 2023 | 1:55 pm