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MSFT

ZM

Zoom Video Communications (ZM) stock is trading higher amid reports of the company increasing its technology investments in the Asia-Pacific region to boost growth. The company is optimistic about the growth of its phone product in the region. Zoom's cloud-based phone solution now makes up 10% of its revenue. The company is also investing in AI, including a recent investment in Anthropic, an AI safety and research company. In Q1, Zoom reported total revenue of $1.11 billion, up 3% YoY, beating estimates.

Portfolio Pulse from Anusuya Lahiri

July 07, 2023 | 10:38 am

KALV

KalVista Pharmaceuticals has appointed Brian J.G. Pereira as Chairman of the Board of Directors and promoted Benjamin Palleiko to the role of President of the company.

Portfolio Pulse from Benzinga Newsdesk

July 07, 2023 | 10:37 am

MCD

McDonald's India's North and East divisions have announced the removal of tomatoes from their menu items due to seasonal procurement challenges. The company is facing difficulties in securing tomatoes that meet its quality control standards due to seasonal disruptions. India's tomato prices have increased due to heavy rainfall and seasonal issues affecting supply chains, transportation, and crop quality. McDonald's India assures this is a temporary situation and plans to reintegrate tomatoes into its menu as soon as possible.

Portfolio Pulse from Shomik Sen Bhattacharjee

July 07, 2023 | 10:35 am

ZM

Zoom Video Communications is reportedly increasing its technical investments in the Asia-Pacific region to boost growth, leading to a rise in its stock.

Portfolio Pulse from Benzinga Newsdesk

July 07, 2023 | 10:32 am

NCPL

Netcapital has filed for a firm commitment public offering of up to 4.4 million shares of its common stock. The details of the offering can be found in the SEC filing.

Portfolio Pulse from Charles Gross

July 07, 2023 | 10:09 am

BTCUSD

Samson Mow, CEO of Bitcoin firm Jan3, criticized Jim Cramer and Nassim Nicholas Taleb for their negative views on Bitcoin. Mow suggested that Bitcoin will become a key issue in politics, with candidates emphasizing its benefits. He also praised Robert Kennedy Jr.'s support for Bitcoin. At the time of writing, Bitcoin was trading at $30,122, down 2.48% in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

July 07, 2023 | 9:10 am

META

TWTR

Twitter's new CEO, Linda Yaccarino, called for unity among users, sparking a debate about the disparity between paid and unpaid voices on the platform. This comes amidst the rapid rise of Meta Platforms Inc.'s new decentralized social media platform, Threads, which gained 30 million users in under 24 hours. Yaccarino's appeal was met with criticism from users who expressed dissatisfaction with Twitter's treatment of users and the perceived favoritism towards paid subscribers.

Portfolio Pulse from Ananya Gairola

July 07, 2023 | 3:35 am

BIIB

META

PWM

RIVN

TSLA

US stocks traded lower with the Nasdaq Composite dropping over 100 points. Prestige Wealth Inc announced the pricing of its IPO of 1,000,000 ordinary shares at $5.00 per share. Rivian Automotive is facing a lawsuit alleging it deceived shareholders during its 2021 IPO. Meta Platforms launched a new social platform, Threads, to compete with Twitter. Tesla shares are trading lower amid market weakness and concerns over rate hikes. Biogen received FDA approval for Leqembi for treating Alzheimer’s Disease.

Portfolio Pulse from Benzinga Newsbot

July 07, 2023 | 12:27 am

CAVA

CMG

Chipotle Mexican Grill, Inc. (NYSE:CMG) is closing all five of its Pizzeria Locale restaurants in Colorado, a test concept that had been operating since 2013. The company did not provide specific reasons for the closure. Chipotle's stock traded lower on Thursday, closing down 1.29% at $2,093.37, amid overall market weakness. The company will report earnings on July 26. CAVA Group Inc (NYSE:CAVA), a company with a similar model to Chipotle, went public last month and is currently valued at around $4 billion.

Portfolio Pulse from Aaron Bry

July 06, 2023 | 10:12 pm

IBEX

Ibex has appointed Michael Darwal as the company's Interim Chief Financial Officer, as announced on July 3.

Portfolio Pulse from Charles Gross

July 06, 2023 | 9:31 pm