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CAH

MCK

Claudia Post, CEO of Scarlet Express, has launched a state-approved, closed-loop cannabis delivery service with financial backing from Ben Sopranzetti. Post, a serial entrepreneur with extensive experience in transportation and logistics, aims to provide secure and compliant cannabis supply chain management nationwide. Despite challenges posed by federal and state laws, Post's background in handling high-value, compliant deliveries positions Scarlet Express as a promising venture in the cannabis industry.

Portfolio Pulse from Anthony Noto

July 05, 2024 | 2:59 pm

DIS

NATH

NFLX

Joey Chestnut, the 16-time Nathan's Hot Dog Eating Contest champion, will not compete this year due to a sponsorship deal with Impossible Foods, a rival to Nathan's Famous. The event will air on Walt Disney Company's ESPN2. Chestnut will instead compete in a separate event at Fort Bliss Army base. He will also face Takeru Kobayashi in a rematch on Netflix in September.

Portfolio Pulse from Chris Katje

July 05, 2024 | 2:59 pm

DBA

Inflation has driven the cost of a traditional Fourth of July cookout to record highs, with a 5% increase from last year and a 30% rise over five years. Meat prices, particularly beef and pork, have seen significant hikes, while chicken prices have decreased. The Invesco DB Agriculture Fund (NYSE:DBA) has surged 13% in the past year, reflecting the broader trend in rising agricultural commodity prices.

Portfolio Pulse from Piero Cingari

July 05, 2024 | 2:59 pm

BTCUSD

The Fourth of July, a symbol of national independence, is paralleled by Bitcoin's role in financial independence. Bitcoin's libertarian ideals and its defiance of traditional banking systems resonate with many Americans. Tech billionaire Peter Thiel and Bitcoin's pseudonymous creator Satoshi Nakamoto highlight Bitcoin's vision of a trustless, peer-to-peer financial system. Bitcoin's value has significantly increased, trading at $60,907.44, nearly doubling from last Independence Day.

Portfolio Pulse from Aniket Verma

July 05, 2024 | 2:59 pm

F

TSLA

Chinese automakers are gaining market share in the UK, with significant increases in vehicle registrations, while US automakers like Tesla and Ford are seeing declines. This shift is attributed to aggressive pricing strategies by Chinese EV makers amid economic slowdowns at home.

Portfolio Pulse from Anan Ashraf

July 05, 2024 | 2:59 pm

BA

A former Boeing inspector revealed that unsuitable parts were used in the assembly of Boeing's 787 Dreamliner for over a decade to meet production deadlines. This adds to Boeing's ongoing safety issues and scrutiny, including a criminal investigation related to the 737 Max crashes. Despite these issues, Goldman Sachs maintains a buy rating on Boeing with a $243 price target.

Portfolio Pulse from Benzinga Neuro

July 05, 2024 | 2:59 pm

NVDA

TSLA

Future Fund Managing Partner Gary Black defended the decision to reduce the fund’s stake in Tesla Inc. (NASDAQ:TSLA) from 12.2% to 3.6%, citing a shift in investment strategy and the electric vehicle maker’s performance. Tesla was replaced by NVIDIA Corp (NASDAQ:NVDA) as the fund’s number two position, which contributed positively to its performance. Black highlighted both the potential upsides and downsides of Tesla, including a potential 20-25% annual increase in electric vehicle adoption and the launch of a $25,000-$30,000 Next Gen vehicle, as well as regulatory and earnings risks.

Portfolio Pulse from Benzinga Neuro

July 05, 2024 | 2:59 pm

PSNY

Swedish EV brand Polestar Automotive (NASDAQ:PSNY) is recalling nearly 32,000 Polestar 2 vehicles in North America due to an issue with the rearview camera image display. The company plans to fix the issue with an over-the-air software update and has advised halting deliveries of affected vehicles. Despite this, Polestar saw an 80% increase in global deliveries in Q2 and plans to start production of Polestar 3 in South Carolina by the end of summer.

Portfolio Pulse from Anan Ashraf

July 05, 2024 | 2:59 pm

F

GM

TSLA

Ford Motor Co (NYSE:F) saw a 61.4% increase in Q2 EV sales, selling 23,957 units, driven by the Mustang Mach-E. Despite surpassing General Motors Co (NYSE:GM) in EV sales, Ford still trails Tesla Inc (NASDAQ:TSLA), which delivered 443,956 vehicles globally. Ford's EVs are priced lower than Tesla's but have not yet attracted more customers.

Portfolio Pulse from Anan Ashraf

July 05, 2024 | 2:59 pm

AMZN

Amazon secures a $2 billion deal with Australia's spy agency to migrate top-secret intelligence data to AWS, enhancing defense interoperability with the U.S. and creating 2,000 local jobs.

Portfolio Pulse from Benzinga Neuro

July 05, 2024 | 2:59 pm