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AMC

SONY

AMC Entertainment Holdings (NYSE:AMC) is set to release a new concert film featuring Usher, titled 'Usher: Rendezvous In Paris,' in collaboration with Trafalgar Releasing and Sony Music Vision, a unit of Sony Group Corp (NYSE:SONY). The film will be shown in over 2,000 theaters globally, including 1,000 in the U.S., from September 12 to 15. This move follows successful concert films from Taylor Swift and Beyoncé, potentially adding a new revenue stream for AMC.

Portfolio Pulse from Chris Katje

July 31, 2024 | 8:01 pm

ALXO

ALX Oncology shares are trading lower following the announcement of an upcoming investor call and webcast to share topline data results from the Phase 2 ASPEN-06 clinical trial evaluating evorpacept for advanced HER2-positive gastric cancer.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 7:44 pm

JNJ

The FDA has issued a warning against the use of Megadyne Mega Soft Pediatric Patient Return Electrodes for any age group. Instead, it recommends using Megadyne Mega 2000 and Mega Soft Patient Return Electrodes only for patients aged 12 years and older.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 7:35 pm

GLD

SLV

Gold and silver are trading higher due to Middle East tensions and the Federal Reserve's decision and comments from Fed Chair Powell. This could support safe-haven assets.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 7:33 pm

USO

Oil prices are trading higher due to escalating tensions between Israel and Iran.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 7:29 pm

SOUN

STLA

SoundHound AI Inc. (NASDAQ:SOUN) is expanding its AI technology across multiple sectors, including automotive and hospitality. The company has launched its Chat AI voice assistant with six major European automotive brands and has a significant partnership with Stellantis NV (NYSE:STLA). SoundHound AI is also making strides in the restaurant industry, with over 10,000 locations using its technology. The company aims to tap into a $100 billion TAM in North America with its multi-industry approach and three-pillar revenue strategy.

Portfolio Pulse from Surbhi Jain

July 31, 2024 | 7:21 pm

SPY

Fed Chairman Jerome Powell stated that the Federal Reserve is not actively pursuing the issuance of a Central Bank Digital Currency (CBDC) and does not have the authority to do so. The Fed is merely keeping up with developments and evaluating the situation.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 7:18 pm

AMC

DIS

AMC Entertainment Holdings, Inc. (NYSE:AMC) shares are trading higher due to favorable developments, including record-breaking weekend attendance and admissions revenue, and strong preliminary second-quarter financial results. The opening weekend of Walt Disney Co's (NYSE:DIS) 'Deadpool & Wolverine' contributed significantly to AMC's performance.

Portfolio Pulse from Vaishali Prayag

July 31, 2024 | 7:12 pm

VCNX

Vaccinex shares are trading lower after the company announced results of its early stage SIGNAL-AD clinical trial of pepinemab antibody in Alzheimer's Disease (AD).

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 6:58 pm

ALMS

Alumis shares are trading higher after the company announced the initiation of the Onward Phase 3 clinical program for ESK-001.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 6:58 pm