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NVO

The U.K.'s MHRA has approved Novo Nordisk's (NYSE:NVO) weight loss drug Wegovy for reducing heart disease risk in obese patients. This makes Wegovy the first weight loss drug approved to prevent cardiovascular events in people with a BMI of 27 or higher. The approval is based on a clinical study showing a 20% reduction in major adverse cardiovascular events. Novo Nordisk is also expanding its production facilities in Denmark and the U.S. NVO stock is up 0.24% at $133.50.

Portfolio Pulse from Vandana Singh

July 23, 2024 | 6:40 pm

ETHUSD

SOLUSD

A 10x Research report suggests caution for Ethereum (ETH) investors, indicating that the recent ETF launch might lead to a sell-off rather than a rally. Historical patterns and several factors, including limited marketing efforts, low funding rates, and stagnant network growth, support this view. The report also highlights a potential shift in favor of Solana (SOL) over Ethereum.

Portfolio Pulse from Murtuza Merchant

July 23, 2024 | 6:39 pm

AMZN

CMCSA

DIS

SBGI

WBD

Warner Bros. Discovery (WBD) has matched Amazon's (AMZN) deal for NBA TV rights, setting up a potential legal battle. Mark Cuban suggests Warner Bros. lease local rights from Diamond Sports Group, partially owned by Sinclair Inc (SBGI), and broadcast on TBS. This comes as Amazon invests in Diamond Sports Group.

Portfolio Pulse from Chris Katje

July 23, 2024 | 6:37 pm

CRWD

DAL

MSFT

Delta Air Lines (DAL) is facing significant operational disruptions due to a global cyber outage caused by a software update from CrowdStrike (CRWD) affecting Microsoft (MSFT) systems. The outage has led to over 4,000 flight cancellations and will take two more days to fully recover. Other major U.S. airlines have largely recovered.

Portfolio Pulse from Shivani Kumaresan

July 23, 2024 | 6:34 pm

ADIL

AZTR

CLRB

FEIM

JAGX

KO

RNAZ

U.S. stocks traded slightly higher with the Dow Jones gaining over 50 points. Coca-Cola reported strong Q2 results and raised its FY24 forecast. Azitra, Adial Pharmaceuticals, and Frequency Electronics saw significant stock price increases, while Jaguar Health, TransCode Therapeutics, and Cellectar Biosciences experienced sharp declines.

Portfolio Pulse from Avi Kapoor

July 23, 2024 | 6:32 pm

GOOG

META

NVDA

SMCI

TSLA

Mark Zuckerberg, CEO of Meta Platforms Inc (NASDAQ:META), is shifting focus from the metaverse to artificial intelligence with the launch of Meta's latest Llama model. This move positions Meta against other tech giants like Alphabet Inc (NASDAQ:GOOG)(NASDAQ:GOOGL), OpenAI, and Elon Musk's xAI. The Llama model, integrated into Meta's applications, aims to solve complex problems and generate content. Despite past layoffs, Meta is investing billions in AI development.

Portfolio Pulse from Aaron Bry

July 23, 2024 | 6:29 pm

EADSY

RYCEF

Airbus is in discussions with Rolls-Royce for the development of a next-generation narrowbody engine. The Airbus CEO confirmed the talks and mentioned that the company may offer multiple engine options.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 6:28 pm

META

NVDA

Nvidia Corp (NASDAQ:NVDA) announced new AI services in connection with Meta Platforms Inc's (NASDAQ:META) release of the open-source large language model Llama 3.1. Nvidia introduced the AI Foundry and NIM inference microservices to support enterprise AI deployments using Llama 3.1. Both companies saw a positive impact on their stock prices.

Portfolio Pulse from Adam Eckert

July 23, 2024 | 6:20 pm

LOVFF

Cannara Biotech Inc. reported a 6% YoY drop in Q3 gross profit but a 22% revenue increase, driven by enhanced sales force and infrastructure. The company saw net revenues of CA$19.5 million and a net income of CA$2 million. Operational highlights include expansion in Manitoba and the East Coast recreational market.

Portfolio Pulse from Jelena Martinovic

July 23, 2024 | 6:06 pm

GRAB

UBER

Grab Holdings Limited (NASDAQ:GRAB) has acquired the Singapore-based dining reservation platform Chope to expand into the restaurant booking industry, following a similar strategy to Uber Technologies, Inc (NYSE:UBER). This move aims to differentiate Grab from competitors and improve margins by integrating Chope's services with Grab's existing offerings.

Portfolio Pulse from Anusuya Lahiri

July 23, 2024 | 6:04 pm