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Cryptocurrencies like Dogecoin, SHIB, and Solana are experiencing significant market movements. Tesla is recalling 120,000 Model S and X EVs due to door issues. Nike and NetEase stocks moved lower in pre-market trading. US markets are optimistic with Dow jumping over 300 points. US and world politics are active with developments in US-China relations and Trump's potential 2024 run. The US economy sees criticism from Peter Schiff regarding Q3 GDP. In tech, Apple and Microsoft face challenges, while Tencent is hit by new regulations. The EV sector is highlighted by Tesla's recall and bullish predictions. GM recalls Chevrolet Bolt EVs. Amazon and Disney face challenges in communication, while Boeing resumes 787 deliveries to China. US banks may face significant losses in real estate, and Berkshire Hathaway increases its stake in Occidental Petroleum.

Portfolio Pulse from Akanksha Bakshi

December 22, 2023 | 1:35 pm

PETV

PetVivo Holdings has signed a distribution agreement with Covetrus North America for its veterinary medical device, Spryng with OsteoCushion Technology. Covetrus will handle inventory, marketing, and promotion of Spryng across the United States.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 1:03 pm

TSLA

Tesla Inc (NASDAQ:TSLA) is offering a 50% discount on supercharging at select locations in Australia during off-peak hours this holiday season. The promotion is available to Tesla and other EV drivers between December 22, 2023, and January 7, 2024, before 9 am and after 9 pm. Customers can find details on the Tesla app or vehicle touchscreens. Additionally, Tesla's annual 'holiday update' for its vehicles has begun rolling out, featuring new software enhancements such as a trip planner, Apple podcasts, and automatic 911 calls.

Portfolio Pulse from Anan Ashraf

December 22, 2023 | 12:04 pm

AMZN

Amazon's Prime Video is gearing up for an aggressive content production phase in India for 2024, following a significant expansion in 2023. The platform premiered 24 original shows in India last year and plans to target both individual viewers and households. Amazon's global content investment reached $17 billion in 2022, with Indian productions featuring prominently on Prime Video's top 10 worldwide. Prime Video Channels in India now has 23 content partners and the Prime Video Store boasts the largest movie library in India. Live sports, including New Zealand Cricket rights, are also a strategic focus, with the recent addition of FanCode to Prime Video Channels.

Portfolio Pulse from Shomik Sen Bhattacharjee

December 22, 2023 | 6:30 am

TSLA

Franz von Holzhausen, Tesla's Chief Designer, emphasized that the Cybertruck's unique design is strategic for the brand and not an experiment. He mentioned that the design draws inspiration from the Lamborghini Countach and Lockheed's F-117 Stealth Fighter jet. Despite a price increase and safety concerns, the Cybertruck has attracted interest from a new demographic and celebrities, with deliveries starting sooner than expected. This indicates potential growth in Tesla's customer base and brand enhancement.

Portfolio Pulse from Benzinga Neuro

December 22, 2023 | 6:17 am

DIS

TSLA

Walter Isaacson, biographer of Tesla CEO Elon Musk, commented on Musk's pervasive influence despite polarizing opinions. Isaacson appeared on CNBC's 'Squawk Box' discussing various topics, including Twitter's future and plagiarism in academia. He referenced a survey showing Warren Buffett as the only billionaire with a positive rating, while Musk scored zero, indicating a balance of supporters and detractors. Isaacson also mentioned John Oliver's critical segment on Musk, which acknowledged Musk's significant impact on society. Musk responded to Oliver's segment, criticizing his shift to 'wokeness'.

Portfolio Pulse from Ananya Gairola

December 22, 2023 | 5:32 am

MNOV

MediciNova announced that an abstract on their drug MN-166 (ibudilast) for treating chlorine gas-induced lung injury has been accepted for presentation at the Society of Toxicology's 63rd Annual Meeting. This could indicate progress in the drug's development and potential for future applications in treating lung injuries caused by toxic gas exposure.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 11:04 pm

MSFT

Bethesda, a developer under Microsoft Corporation (NASDAQ:MSFT), has announced an end-of-year update for 'Starfield' with plans for 2024. The next major update is expected in February and will include bug fixes, quality-of-life improvements, city maps, new travel methods, ship customization, gameplay adjustments, and potentially a new survival mode. Bethesda also teased the first story expansion 'Shattered Space' and promised more information soon.

Portfolio Pulse from Franca Quarneti

December 21, 2023 | 10:10 pm

SMFL

Smart for Life, Inc. (NASDAQ:SMFL) shares surged on heavy trading volume, with over 77 million shares traded, far exceeding the 100-day average of less than 685 thousand shares. The spike follows the company's announcement of executive team additions and ongoing negotiations for two acquisitions expected to generate approximately $25 million in revenue. The CEO also mentioned a material restructuring program, including capital markets strategies and the disposition of non-performing assets to improve stockholder's equity for Nasdaq compliance.

Portfolio Pulse from Erica Kollmann

December 21, 2023 | 7:29 pm

AMZN

Wedbush analyst Scott Devitt has a positive outlook on Amazon.com, Inc. (NASDAQ:AMZN), with an Outperform rating and a raised price target from $180 to $210. Amazon's stock has risen 78% YTD as of Dec. 21, 2023. Devitt expects Amazon to generate $46.5 billion in advertising revenue in 2023 and sees potential for growth in digital advertising. He identifies four key pillars supporting Amazon's advertising opportunities: retail media tailwinds, growth in CTV and video ad formats, off-platform ad sales, and adoption by non-endemic advertisers. Wedbush also forecasts $100B+ in AWS revenue by 2024, $100B+ in free cash flow by 2026, and $100B in advertising revenue by 2028.

Portfolio Pulse from Surbhi Jain

December 21, 2023 | 6:09 pm