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Disney is considering different strategies for its Star India business, which could include partnering with another company or even selling it. Kim Kardashian is reportedly in negotiations to buy back the minority stake in her beauty company, SKKN BY KIM, from Coty Inc. KPMG is reportedly looking to invest around $2 billion in AI and cloud services across its global business lines over the next five years. CVS's Caremark business experienced a halt in prescription processing. Ark Invest sold 135,152 shares of Coinbase Global Inc. Faraday Future Intelligent Electric flagged errors in its previously issued financial statements. The European Commission has fined Illumina Inc and Grail Inc for implementing their proposed merger before approval. Activision Blizzard Inc stock is trading lower amid reports of a possible new investigation on the Microsoft Corp takeover deal. Broadcom Inc won conditional approval from the European Commission to complete its acquisition of VMware. Domino's Pizza Inc entered a new global agreement with Uber Technologies Inc. Takeda Pharmaceutical Co Ltd is voluntarily withdrawing its marketing application for its dengue vaccine. Google quietly ditched its AI-powered mobile chatbot app, Bubble Characters. Warren Buffett's Berkshire Hathaway stood to make a profit of over $1 billion following the court's decision to allow Microsoft Corp to proceed with its acquisition of Activision Blizzard. IBM is weighing the use of artificial intelligence chips designed in-house to lower the costs of operating a cloud computing service. Novo Nordisk A/S's weight-loss drug, Wegovy, saw a significant drop in adherence compared to what was reported in clinical trials. Microsoft Corp has revealed that a China-based hacking group, Storm-0558, breached email accounts linked to government agencies in Western Europe. Hyundai Motor Company unionized workers at its plants across South Korea reportedly staged the first strike in five years against the government's labor policies.

Portfolio Pulse from Vandana Singh

July 12, 2023 | 1:48 pm

TTOO

T2 Biosystems has announced preliminary Q2 2023 results, expecting total revenue of $2 million, including $1.3 million from sepsis test panel revenue. The company has also secured a multi-year contract with a European distributor. However, T2 has reduced its full-year 2023 total sepsis and related product revenue forecast to $9.5 million-$10.5 million, down from $11.0 million-$13.0 million. Following the announcement, T2 shares are trading lower by 12%.

Portfolio Pulse from Nabaparna Bhattacharya

July 12, 2023 | 1:38 pm

EMN

IFF

Intl Flavors & Fragrances (IFF) will distribute a dividend payout of $0.81 per share on July 11, 2023, equating to an annualized dividend yield of 3.37%. The company's dividend yield falls in the middle range compared to its industry peers, with Eastman Chemical (EMN) having the highest annualized dividend yield at 3.76%. Despite a decrease in earnings per share from $5.93 to $5.69 between 2019 and 2022, IFF has increased its dividend per share from $2.96 to $3.20, indicating a focus on enhancing shareholder value.

Portfolio Pulse from Benzinga Insights

July 12, 2023 | 1:38 pm

GMRE

Global Medical REIT (NYSE:GMRE) is set to reward its shareholders with a dividend payout of $0.21 per share, demonstrating an annualized dividend yield of 9.08%. The company has shown a steady increase in its dividend per share from $0.80 in 2019 to $0.84 in 2022. Additionally, the company's earnings per share have also increased from $0.74 in 2019 to $0.98 in 2022, indicating a strong financial position and potential for higher cash dividend payouts in the future.

Portfolio Pulse from Benzinga Insights

July 12, 2023 | 1:37 pm

BTI

Philip Morris Intl (NYSE:PM) will issue a dividend payout of $1.27 per share, resulting in an annualized dividend yield of 5.51%. The company has shown a steady increase in dividend per share from 2019 to 2022, and an increase in earnings per share, indicating a strong financial position. British American Tobacco (NYSE:BTI) has the highest annualized dividend yield at 8.54% among its peers.

Portfolio Pulse from Benzinga Insights

July 12, 2023 | 1:35 pm

ZYXI

Zynex has provided its FY23 guidance with an estimated EPS of $0.40-$0.50, compared to the estimated $0.45. The company also expects its revenue to be between $180M-$200M, compared to the estimated $192.68M.