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WBD

Max has announced an immediate price increase for its ad-free plans. This move is expected to impact subscribers and could influence the company's revenue and stock performance.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 2:16 pm

SAM

TAP

A cannabis producer is seeking a merger with Boston Beer Company, according to a report by the Wall Street Journal. This potential merger could have significant implications for both companies, particularly in the rapidly growing cannabis and beverage markets.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 2:12 pm

ANNX

CORZ

SAIA

UPST

WULF

U.S. stocks were mixed on Tuesday, with the Dow Jones index gaining around 20 points. Several stocks saw significant gains, including Saia Inc, Annexon, Core Scientific, and others. Saia Inc reported an 18% increase in LTL shipments per workday in April, leading to a 12.3% rise in its shares. Annexon surged 40% after its Phase 3 trial met its primary endpoint. Core Scientific climbed 29% following the signing of 12-year contracts with CoreWeave. Other notable gainers included Terawulf, Zai Lab, Hillevax, and more.

Portfolio Pulse from Avi Kapoor

June 04, 2024 | 2:09 pm

NYT

The New York Times Company has surpassed 2 million international digital subscribers, marking a significant milestone in its global expansion strategy.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 2:07 pm

AAPL

FXI

Apple has reportedly held discussions with China Mobile to bring its Apple TV+ streaming service to China. This move could significantly expand Apple's market reach in the region.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 2:06 pm

CNQ

Canadian Natural Resources shares are trading lower as natural gas stocks fall amid reports indicating a Norway pipeline will be repaired by Friday, alleviating supply concerns.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 2:04 pm

MAT

WMT

Fisher-Price has launched a new line of wooden toys called Fisher-Price Wood, targeting children aged 6 months to 5 years. These toys will be sold exclusively at Walmart.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 2:04 pm

CASS

Cass Information Systems has announced a strategic partnership with FreightWaves SONAR to enhance supply chain intelligence. This collaboration aims to provide better data and insights for supply chain management.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 2:02 pm

CNXN

MSFT

QCOM

Connection has announced a partnership with Microsoft, Qualcomm, and OEM partners to launch Copilot+ PCs, a new generation of Windows-based devices designed for AI workloads.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 2:02 pm

AAPL

MSFT

NVDA

SMH

SOXX

TSM

Taiwan Semiconductor Manufacturing Co's (TSMC) C.C. Wei has assumed the roles of Chairman and CEO, marking a significant leadership change. Wei reiterated expectations for AI-driven industry recovery by 2024 and discussed price hikes for AI chip production with Nvidia's CEO. TSMC's stock traded lower on Tuesday despite a recent rise. The company remains committed to Taiwan for its production and is focusing on future investments over share buybacks. Geopolitical tensions and supply challenges in the semiconductor industry are ongoing concerns.

Portfolio Pulse from Anusuya Lahiri

June 04, 2024 | 2:01 pm