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BYU

BAIYU Holdings shares rose following the announcement of a $60 million electric lithium battery contract with Feng's Auto Parts.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 6:42 pm

UMGNF

WBD

The global music industry saw a 10.2% revenue increase in 2023, reaching $28.6 billion, driven by paid streaming subscriptions. Despite growth, major labels like Universal Music Group and Warner Music Group face layoffs. Challenges include AI and short-form content, with ongoing disputes over artist compensation.

Portfolio Pulse from Franca Quarneti

August 29, 2024 | 6:33 pm

DOGEUSD

Dogecoin's performance lags behind other meme coins, but traders see potential for a rally. Trader Anbessa is accumulating DOGE, citing a favorable risk/reward ratio, while another trader, Sherpa, predicts further decline to $0.08. Despite recent price drops, large transaction volumes have increased.

Portfolio Pulse from Khyathi Dalal

August 29, 2024 | 6:20 pm

EBS

The CDC reports a Clade I Mpox outbreak originating in Central Africa, with a low risk of it entering the U.S. No cases have been reported in the U.S. The best protection is the Jynneos vaccine. The CDC is collaborating with U.S. agencies and partners on vaccination strategies in the Democratic Republic of Congo.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 6:15 pm

ACEIY

EWT

Acer plans to increase its AI PC shipments to 40% by Q3 2025, with improved chip supplies expected to lower prices of Copilot+ models. These PCs are designed to run AI developed by Microsoft.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 6:11 pm

CHPT

ChargePoint shares rose following the launch of an AI-powered tool aimed at improving the efficiency of diagnosing and repairing EV charging stations.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 6:02 pm

COIN

Donald Trump announced plans to make the U.S. the 'crypto capital of the planet' through a new platform, World Liberty Financial, rebranded from 'The DeFiant Ones'. The platform, promoted by Trump's sons, aims to rival traditional banking and attract crypto voters and donors.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 5:58 pm

LUCY

TGT

Innovative Eyewear Inc (NASDAQ:LUCY) shares surged after announcing the sale of its Lucyd Lyte frames on Target.com, expanding its U.S. market presence. The stock, with a low float of 1.31 million shares, saw trading volume exceed 14 million, driving a 71.9% price increase.

Portfolio Pulse from Adam Eckert

August 29, 2024 | 5:51 pm

MSFT

OpenAI announced that ChatGPT usage has doubled over the past year, reaching over 200 million weekly active users.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 5:44 pm

NBIX

Neurocrine Biosciences' Phase 2 study of NBI-1117568 for schizophrenia shows promising results with a 20 mg dose, leading to an analyst upgrade from Piper Sandler. The stock is up 3.64% following the news.

Portfolio Pulse from Vandana Singh

August 29, 2024 | 5:22 pm