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ATVI

AVGO

BRK-A

COIN

COTY

DIS

DPZ

GOOG

HYMTF

IBM

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NVO

TAK

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

BCS

Barclays is considering increasing the capital allocated to its sub-scale businesses as part of a share price revival plan. The bank is reviewing additional investment in its U.S. cards, global wealth, and payments units, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 1:22 pm

PRFX

PainReform has announced the pricing of a $2.7 million concurrent registered direct offering and private placement.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 1:06 pm

PIXY

ShiftPixy Inc has priced its public offering of 2.06 million units at $1.50 per unit, expecting to raise approximately $3.1 million. The proceeds will be used for general corporate purposes, including working capital. Following the announcement, ShiftPixy's shares fell by 33.5%.

Portfolio Pulse from Shivani Kumaresan

July 12, 2023 | 12:55 pm

GOOG

GOOGL

Google, a subsidiary of Alphabet Inc, has deprioritized its AI-powered mobile chatbot app, 'Bubble Characters', due to an internal reorganization. The app, aimed at Gen Z users, utilized large language models and massive data sets to generate human-like text. The company has shifted focus to another chatbot project called Bard. Several top AI researchers from Google have left to establish their own chatbot companies, such as Character.AI.

Portfolio Pulse from Anusuya Lahiri

July 12, 2023 | 12:52 pm

DBI

Designer Brands Inc. has completed a modified Dutch auction tender offer, purchasing 1,470,832 shares of its Class A Common Shares at $10.00 per share. This represents approximately 2.5% of the total number of shares outstanding. The aggregate cost of the purchase was $14,708,320, excluding fees and expenses related to the tender offer.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 12:51 pm

AAOI

BTDR

CIFR

RIOT

SMCI

The article lists five tech stocks that are considered overbought and may experience a fall in the short term. These include Cipher Mining Inc. (CIFR), Bitdeer Technologies Group (BTDR), Applied Optoelectronics, Inc. (AAOI), Riot Platforms, Inc. (RIOT), and Super Micro Computer, Inc. (SMCI). The Relative Strength Index (RSI) of these stocks is above 70, indicating they are overbought.

Portfolio Pulse from Lisa Levin

July 12, 2023 | 12:48 pm

COTY

Coty Inc's shares are trading higher following reports that Kim Kardashian is in talks to buy back a 20% stake in SKKN from the company. The business was valued around $1 billion when Coty acquired the minority stake. Kardashian reportedly wants to buy back Coty’s stake as she plans an expansion of SKKN’s beauty categories.

Portfolio Pulse from Adam Eckert

July 12, 2023 | 12:42 pm

NVDA

RXRX

Recursion Pharmaceuticals has announced a collaboration with NVIDIA, which includes a $50 million investment from the latter. The partnership aims to leverage NVIDIA's AI technology to accelerate drug discovery and development.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 12:38 pm

SHPW

Shapeways has announced significant investments in its software offering, including the launch of a 3D model viewer and a refreshed manufacturing brand. The company aims to enhance its digital manufacturing capabilities and provide a more immersive experience for its customers.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 12:37 pm