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CMCSA

Comcast Corporation (NASDAQ:CMCSA) is experiencing a significant boost in viewership for the 2024 Paris Olympics, with the opening ceremony viewership up 60% from the 2020 Tokyo Olympics. The strong performance is also reflected in Peacock streaming numbers, which saw a sixfold increase from 2020. This surge in viewership could positively impact Comcast's stock, especially as the company leverages its sports rights to boost its Peacock streaming platform.

Portfolio Pulse from Chris Katje

July 29, 2024 | 4:25 pm

USO

XOM

The U.S. Department of Energy (DOE) has finalized the purchase of 4.65 million barrels of crude oil for the Strategic Petroleum Reserve (SPR). The crude will be delivered to the Bayou Choctaw SPR site in Louisiana from October to December. Exxon Mobil will supply 3.9 million barrels, while Macquarie Commodities Trading will supply the remaining amount. The average purchase price for the oil was approximately $76.92 per barrel.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 4:16 pm

GOOG

GOOGL

Google has announced the launch of IAM group authentication in Cloud SQL for PostgreSQL and MySQL, simplifying user management and database authentication. This new feature allows for better security controls and more efficient user management at scale.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 4:11 pm

NVS

Novartis' Scemblix has been granted FDA Priority Review for treating newly diagnosed adults with Philadelphia chromosome-positive chronic myeloid leukemia (Ph+ CML-CP). This follows the ASC4FIRST Phase III study showing improved molecular response and favorable safety compared to standard therapies. Scemblix had previously received Breakthrough Therapy designation and is under Real-Time Oncology Review.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 4:10 pm

EWQ

GOOG

GOOGL

Google announced updates to its Ads Healthcare & Medicines Policy. Starting September 27, France's government entities can promote recovery-oriented drug and alcohol addiction services. Additionally, in August, Google will revise its planned update regarding opioid painkillers.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 4:06 pm

ACB

Aurora Cannabis Inc. (NASDAQ:ACB) will report its Q1 2025 earnings on August 7, 2024. The company recently received two licenses in Germany for domestic cultivation under the new Medical Cannabis Act. Analyst Pablo Zuanic emphasized the need for Aurora to prove its growth strategies in a competitive market. Aurora aims for a 10% market share in the international medical marijuana market, potentially increasing its sales to CA$700 million.

Portfolio Pulse from Jelena Martinovic

July 29, 2024 | 4:04 pm

CGTX

LIPO

NLSP

VERO

VTVT

VTYX

U.S. stocks traded mostly higher on Monday, with the Nasdaq Composite gaining 0.4%. ON Semiconductor reported better-than-expected Q2 results. Shares of NLS Pharmaceutics surged 54% following a merger announcement. Lipella Pharmaceuticals and Venus Concept also saw significant gains. Meanwhile, vTv Therapeutics, Cognition Therapeutics, and Ventyx Biosciences experienced notable declines.

Portfolio Pulse from Avi Kapoor

July 29, 2024 | 4:03 pm

BMR

ORCL

Beamr Imaging Ltd. (NASDAQ:BMR) shares are trading slightly lower after the company announced a demonstration with Oracle Cloud Infrastructure (OCI) to optimize high-quality video production from 3D designs. The demonstration will take place at SIGGRAPH 2024. Beamr also recently launched AI capabilities in its Beamr Cloud service. The stock is trading below its 50-day moving average but above its 200-day moving average.

Portfolio Pulse from Erica Kollmann

July 29, 2024 | 4:03 pm

RDY

Dr. Reddy's Laboratories Ltd. (NYSE: RDY) has received a positive opinion from the European Medicines Agency's Committee for Medicinal Products for Human Use (CHMP) for its proposed Rituximab biosimilar candidate DRL_RI. This recommendation is a significant step towards obtaining marketing authorization in the European Union and other European Economic Area member states.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 3:56 pm

AAPL

Apple Inc. (NASDAQ:AAPL) has delayed the launch of its new AI features, Apple Intelligence, from September to October. The company aims to ensure stability and performance for these generative AI capabilities. Despite recent stock fluctuations, Apple has seen a 13% increase year-to-date. The Q3 earnings report on August 1 could significantly impact the stock price.

Portfolio Pulse from Zaheer Anwari

July 29, 2024 | 3:54 pm