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PLTR

WBD

J.D. Vance, a political outsider and former Marine, has been appointed as Donald Trump's running mate. Vance, who has strong ties to Silicon Valley billionaire Peter Thiel, is a best-selling author, Bitcoin enthusiast, and venture capitalist. Both Vance and Thiel are fans of J.R.R. Tolkien's 'The Lord of the Rings,' which has influenced their business ventures. Thiel's companies, including Palantir Technologies Inc (NYSE: PLTR) and Anduril Industries, are named after Tolkien's creations. Warner Bros Discovery Inc (NASDAQ: WBD) also has a connection through the film adaptations of Tolkien's works.

Portfolio Pulse from Natan Ponieman

July 19, 2024 | 8:11 pm

SBUX

Starbucks shares are trading higher following a report that Elliott Investment Management has taken a significant stake in the company. Elliott is pushing for changes to address challenges such as increased competition in China, slowing U.S. growth, and operational issues. Starbucks recently reported weaker-than-expected quarterly sales and profit, with upcoming earnings expected to show an EPS of 94 cents and revenue of $9.24 billion.

Portfolio Pulse from Vaishali Prayag

July 19, 2024 | 8:02 pm

SBUX

Starbucks shares are trading higher following a report suggesting Elliott has an undisclosed stake in the company.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 7:14 pm

SXTP

60 Degrees Pharmaceuticals Inc. (NASDAQ:SXTP) shares surged by 48% following the announcement of clinical trial agreements for their Tafenoquine Babesiosis study. The company has partnered with Yale University, Rhode Island Hospital, and Tufts Medical Center for the world's first randomized, double-blind, placebo-controlled clinical trial evaluating tafenoquine's efficacy and safety in treating human babesiosis. Patient enrollment has begun, with interim results expected by September 2025.

Portfolio Pulse from Vaishali Prayag

July 19, 2024 | 6:40 pm

SBUX

Activist investor Elliott Management has reportedly acquired a significant but undisclosed stake in Starbucks, according to sources cited by the Wall Street Journal.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 6:39 pm

CBSTF

The Cannabist Company Holdings Inc. (CBSTF) has expanded its partnership with Old Pal, launching new cannabis products in New Jersey, Maryland, and Virginia. This expansion is expected to enhance brand recognition and operational efficiencies.

Portfolio Pulse from Jelena Martinovic

July 19, 2024 | 5:51 pm

BTCUSD

USDCUSD

USDTUSD

Crypto expert Scott Melker predicts Bitcoin (BTC) will reach $100,000 by year-end, citing an unprecedented bullish market setup. Factors include traditional finance inflows via ETFs, the launch of Spot Ethereum ETFs, and potential major announcements at the upcoming Bitcoin Conference. Melker also highlights the role of stablecoins like Tether (USDT) and Circle (USDC) in the market's growth.

Portfolio Pulse from Khyathi Dalal

July 19, 2024 | 5:51 pm

BLK

ETHUSD

USDCUSD

BlackRock's tokenized fund BUIDL has reached $500 million in assets under management within three months. The fund, issued on the Ethereum blockchain, allows Web3 institutions to access real-world returns. Key collaborations with Securitize, Circle, and Ondo Finance have been instrumental in this success. Despite regulatory challenges, the growth of BUIDL indicates strong institutional interest in tokenized financial products.

Portfolio Pulse from Murtuza Merchant

July 19, 2024 | 4:05 pm

NNE

NANO Nuclear Energy Inc. (NASDAQ:NNE) has signed a Memorandum of Understanding (MOU) with Everstar Inc. to leverage Everstar's AI tools to modernize the regulatory and licensing processes for NANO Nuclear's projects. This partnership aims to save time and resources by transforming these processes.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 3:04 pm

BTTC

Bitech Technologies CEO Benjamin Tran discusses the company's focus on renewable energy solutions, particularly battery energy storage systems (BESS), and plans to uplist on NASDAQ. The company aims to address energy infrastructure issues and extreme weather events with innovative technologies like nanogrids and virtual power plants. Bitech is also exploring AI-driven energy management systems and has a clean balance sheet with no debt. The company has 23 projects in the pipeline and plans to generate revenue by mid-summer next year.

Portfolio Pulse from Stjepan Kalinic

July 19, 2024 | 2:29 pm