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PEP

Billionaire Richard Branson discussed his most significant business failure, Virgin Cola, on the 'Work-Life With Adam Grant' podcast. Despite initial success in the U.K., Virgin Cola failed in the U.S. market, teaching Branson the importance of being an underdog. The news also mentions Coca-Cola (NYSE:KO) and Pepsi (NASDAQ:PEP) as industry giants that Virgin Cola aimed to challenge.

Portfolio Pulse from Anan Ashraf

July 20, 2024 | 5:39 am

ETHUSD

MATICUSD

MGM

USDCUSD

Sportsbooks and prediction markets show President Joe Biden with low odds of winning the 2024 presidential election, with Donald Trump as the heavy favorite. BetMGM, a joint venture of MGM Resorts Worldwide, provides odds indicating a significant lead for Trump.

Portfolio Pulse from Chris Katje

July 19, 2024 | 8:46 pm

JPM

JPMorgan has announced that the vast majority of its ATMs are operating normally, and the bank is working to restore service to the remaining ATMs as quickly as possible.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 8:40 pm

CRWD

UNP

Union Pacific reported that despite a software outage from CrowdStrike, key customer applications, including waybill systems, remained functional. Manifest terminals and yard operations quickly returned to normal, and all intermodal ramps and PGT terminals are operational. The company continues to process trains.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 8:28 pm

BAX

Baxter International has announced that some of its operations are being resumed on a manual basis until full restoration is possible.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 8:24 pm

BLK

Cryptocurrency markets are experiencing significant gains, with Bitcoin, Ethereum, and Dogecoin among the top performers. Bitcoin's open interest has reached its highest since June 23, and notable developments include a $230M hack at WazirX and BlackRock's BUIDL Tokenization Fund hitting $500M in assets. Analysts predict further gains for Bitcoin, Ethereum, and Solana.

Portfolio Pulse from Khyathi Dalal

July 19, 2024 | 8:23 pm

MSFT

SONY

WBD

NetherRealm Studios, a subsidiary of Warner Bros Discovery Inc (NASDAQ:WBD), has disbanded its mobile team and announced the shutdown of Mortal Kombat: Onslaught. This move is part of a broader trend of layoffs in the gaming industry, with companies like Microsoft Corp. (NASDAQ:MSFT) and Sony Group Corp. (NYSE:SONY) also reducing their workforce.

Portfolio Pulse from Franca Quarneti

July 19, 2024 | 8:17 pm

BLK

BTCUSD

The Trump campaign is targeting cryptocurrency voters, with Ohio Senator JD Vance playing a key role. Vance's pro-crypto stance and ownership of Bitcoin are seen as assets to attract the estimated 40 million American crypto owners. This demographic could significantly influence the 2024 election. The Republican Party has updated its platform to oppose the Democrats' regulatory approach to crypto.

Portfolio Pulse from Murtuza Merchant

July 19, 2024 | 8:13 pm

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

CRWD

CrowdStrike is facing a crisis, which presents an opportunity for its rivals to gain market share. This situation could impact CrowdStrike's stock negatively in the short term.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 8:00 pm