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WMG

Warner Music Group (WMG) reported fiscal Q3 earnings with EPS of 27 cents and revenue of $1.55 billion, slightly missing estimates. Despite a 2.4% decline in recorded music revenue, music publishing sales and digital revenue saw growth. The MUSQ Global Music Industry ETF (MUSQ) gained 1.4% and is attempting to break above the $23 resistance level.

Portfolio Pulse from Joshenomoto@benzinga.com

August 07, 2024 | 6:52 pm

PYPL

Donald Trump is accepting crypto donations for his re-election campaign, marking a significant shift from his previous stance on digital assets. While this move has been positively received by the crypto community, it poses several risks, including security vulnerabilities, legal issues, and potential harassment for donors. The article discusses the need for improved crypto infrastructure and compliance measures to mitigate these risks.

Portfolio Pulse from Benzinga Contributor

August 07, 2024 | 6:49 pm

BA

The NTSB Chair criticized Boeing for a mid-air emergency involving the 737 Max 9, stating that the issue should have been detected years ago.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 6:48 pm

DIS

Disney shares initially surged on better-than-expected Q3 earnings but later plummeted due to concerns over a potential $5 billion additional payment for its Hulu stake. Disney reported a 4% YoY revenue increase to $23.16 billion and adjusted EPS of $1.39, surpassing estimates. The streaming business turned profitable, but concerns over Hulu costs impacted investor sentiment.

Portfolio Pulse from Vaishali Prayag

August 07, 2024 | 6:40 pm

GOOG

GOOGL

Alphabet Inc. (NASDAQ:GOOG, NASDAQ:GOOGL) faces a mixed outlook as it deals with a recent court ruling labeling it a monopoly. Despite this, Bank of America analyst Justin Post remains bullish, reiterating a Buy rating with a $206 price target. Post highlights Alphabet's strong position in AI, particularly with Google Gemini, and its dominance over OpenAI's ChatGPT. He believes Alphabet's AI advancements and cost management will drive future growth.

Portfolio Pulse from Hayden Buckfire

August 07, 2024 | 6:35 pm

TAK

Takeda Pharmaceutical Co Ltd (NYSE:TAK) stock is trading higher due to the European Commission's approval of Adzynma for treating ADAMTS13 deficiency in cTTP patients. This approval is based on positive Phase 3 trial results showing Adzynma's efficacy and safety compared to plasma-based therapies.

Portfolio Pulse from Vandana Singh

August 07, 2024 | 6:29 pm

NVS

The US FDA has approved Novartis' Fabhalta for reducing proteinuria in adults with primary immunoglobulin A nephropathy (IgAN).

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 6:22 pm

IREN

Iris Energy Limited (NASDAQ:IREN) shares are trading lower after the company issued its July 2024 investor update. The update revealed a decrease in Bitcoin mining output and operational challenges, but also highlighted growth in AI Cloud Services revenue and future expansion plans.

Portfolio Pulse from Dylan Berman

August 07, 2024 | 6:20 pm

EXEL

Exelixis, Inc. (NASDAQ:EXEL) announced mixed results from its phase 3 CONTACT-02 trial, showing significant progression-free survival but not overall survival. Despite this, the company plans to submit a supplemental marketing application to the FDA in 2024. Exelixis reported strong Q2 earnings, beating both EPS and sales expectations, and raised its 2024 revenue guidance. An analyst from William Blair reiterated an Outperform rating, citing the company's defensive investment profile.

Portfolio Pulse from Vandana Singh

August 07, 2024 | 6:16 pm

DOGEUSD

PYPL

Elon Musk's plan to transform X (formerly Twitter) into an everything app with payment features is advancing. A new report indicates that X has added a Payments button and obtained a license in North Dakota, bringing its total to 33 states. The launch of X payments could boost engagement and potentially increase the price of Dogecoin. X could also compete with online payment companies like PayPal.

Portfolio Pulse from Chris Katje

August 07, 2024 | 6:06 pm