Streetbeat News

Marketing

Richtech Robotics has introduced Medbot, a new robot designed to revolutionize medication delivery in healthcare facilities.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 6:39 am

AMC

GME

HOOD

The recent surge in GameStop (GME) and other meme stocks draws parallels to the 2021 rally, potentially facing similar dampening factors such as stock offerings, congressional action, misleading social media activity, brokerage restrictions, and shifting investor focus. Notably, stock offerings by companies like GME and AMC, as well as the role of platforms like Robinhood (HOOD), are highlighted as key influences.

Portfolio Pulse from Chris Katje

May 14, 2024 | 9:30 pm

Electronic Arts Inc's (NASDAQ:EA) Madden NFL 25 is set to release on Aug. 16, with early access starting Aug. 12 for Deluxe Edition purchasers or EA Play subscribers. The game, developed by EA Orlando, will feature two editions and enhancements to its FieldSense technology. A docuseries on the Madden franchise's history by Prime Video was also announced.

Portfolio Pulse from Franca Quarneti

May 14, 2024 | 9:27 pm

AYRWF

CRLBF

CURLF

GTBIF

TCNNF

VRNOF

Smart and Safe Florida has launched a campaign with four ads advocating for the legalization of recreational marijuana in Florida, known as Amendment 3, set for a vote in November 2024. The campaign, supported by major cannabis companies including Trulieve, Verano Holdings, Curaleaf Holdings, AYR Wellness, Cresco Labs, Green Thumb Industries, and INSA, has spent over $5 million on ads. Trulieve alone has contributed over $40 million towards the initiative. The ads emphasize the benefits of a regulated market, including safety, revenue for schools, and freedom from outdated laws.

Portfolio Pulse from Maureen Meehan

May 14, 2024 | 9:21 pm

GOSS

Gossamer Bio, Inc. will present updated seralutinib TORREY open-label extension data for treating PAH and PH-ILD at the American Thoracic Society 2024 International Conference in San Diego, California, from May 17-22.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 8:15 pm

META

Robert F. Kennedy Jr., running as an Independent for the 2024 presidential election, has filed a lawsuit against Meta Platforms (NASDAQ:META), and CEO Mark Zuckerberg, accusing them of suppressing a campaign ad and interfering with the election. Meta claims the ad's removal was accidental and quickly rectified. The lawsuit highlights broader concerns about social media's role in elections and potential biases.

Portfolio Pulse from Chris Katje

May 14, 2024 | 8:10 pm

SAM

STZ

TAP

Jefferies analyst Kaumil Gajrawala upgraded Boston Beer Company (SAM) to Buy, raising the price target to $360. The upgrade is based on expectations of stabilized business through marketing and reduced SKU complexity, easing supply chain costs, and potential for capital returns due to a clean balance sheet. Gajrawala also adjusted ratings and targets for Constellation Brands (STZ) and Molson Coors Beverage Company (TAP), citing various factors including sales outlook and market trends.

Portfolio Pulse from Nabaparna Bhattacharya

May 14, 2024 | 7:40 pm

AMC

GME

IWM

PLUG

SPWR

UUP

Wall Street trades flat amid mixed producer inflation data and anticipation for consumer inflation report. Fed Chair Powell sees prolonged current monetary policy, while President Biden imposes significant tariffs on Chinese imports. The U.S. dollar index and Treasury yields fell, while small caps and meme stocks like GameStop and AMC surged. Commodities saw mixed movements, and Bitcoin dropped. Key ETFs and stocks like Insulet, Plug Power, SunPower, and Delcath Systems reacted to various news, including earnings and significant financial developments.

Portfolio Pulse from Piero Cingari

May 14, 2024 | 5:59 pm

GOOG

GOOGL

Alphabet has launched Music AI Sandbox, a suite of music AI tools, during a Google event. This initiative marks a significant step in integrating AI into creative processes, potentially transforming how music is created, shared, and consumed. The announcement could signal Alphabet's deeper foray into AI and creative technologies, aligning with broader industry trends towards AI-driven innovation.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 5:36 pm

ABBV

AMRS

CRBP

CRDL

HRMY

JAZZ

NTEC

PFE

Roy Bingham, CEO of BDSA, projects the U.S. cannabis market to reach nearly $46 billion by 2028, driven by adult-use and medical market expansion. The DEA's reclassification of cannabis to Schedule III is expected to spur medical research and investment, with significant growth anticipated in pharmaceutical applications and medical cannabis products. This rescheduling may reduce financial pressures on cannabis businesses and attract investment from healthcare and pharmaceutical companies. Despite federal restrictions, the shift is seen as an opportunity for healthcare and pharmaceutical industries to invest in cannabinoid research, potentially impacting medication use and fostering innovation in the sector.

Portfolio Pulse from Nicolás Jose Rodriguez

May 14, 2024 | 5:32 pm