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DIS

A judge has temporarily blocked Disney's sports streaming venture, according to a court filing. This legal setback could impact Disney's plans in the streaming market.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 7:10 pm

DIS

FOX

FUBO

WBD

Shares of fuboTV spiked higher as traders circulated a headline stating that a potential sports service collaboration between Fox, Disney, and Warner has been blocked, which is seen as a win for fuboTV.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 7:10 pm

ARKK

BRK

TSLA

A Benzinga poll asked investors which renowned investor they would trust with their life savings. Warren Buffett overwhelmingly won with 58% of the vote, followed by Elon Musk and Mark Cuban tied at 11%. Cathie Wood's Ark Innovation ETF (NYSE:ARKK) and Berkshire Hathaway Inc (NYSE:BRK) were highlighted for their performance. The poll also gauged investor sentiment on market strategies and cryptocurrency investments for the remainder of 2024.

Portfolio Pulse from Chris Katje

August 16, 2024 | 7:05 pm

EWC

RTX

The U.S. State Department has approved a potential $264.6 million sale of AIM-9X Sidewinder Block II+ and Block II tactical missiles to Canada, as announced by the Pentagon.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 7:04 pm

CING

Cingulate Inc. (NASDAQ:CING) shares surged by 239% after the company was granted a European patent for its ADHD treatment, CTx-1301. This patent covers up to 30 European territories, including the UK. Cingulate is also preparing to file a New Drug Application with the U.S. FDA.

Portfolio Pulse from Vaishali Prayag

August 16, 2024 | 6:59 pm

CBSTF

The Cannabist Company Holdings Inc. (CBSTF) has launched new cannabis-infused products from ButACake in Maryland, expanding their collaboration. The products include oral dissolvable 10mg strips in various flavors. Maryland's legal weed market has surpassed $1.1 billion in sales.

Portfolio Pulse from Jelena Martinovic

August 16, 2024 | 6:57 pm

CING

HRB

NDRA

SHIM

SNDA

ZCAR

U.S. stocks traded higher with the Dow Jones, NASDAQ, and S&P 500 all posting gains. Financials led the sectors, while real estate lagged. Key movers included Cingulate Inc. (CING), Zoomcar Holdings, Inc. (ZCAR), H&R Block, Inc. (HRB), Sonida Senior Living, Inc. (SNDA), Shimmick Corporation (SHIM), and ENDRA Life Sciences Inc. (NDRA). Commodities saw oil prices drop and gold prices rise.

Portfolio Pulse from Avi Kapoor

August 16, 2024 | 6:46 pm

PSNY

Polestar shares are trading higher as the company begins production in the US to avoid tariffs on China-made EVs.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 6:39 pm

BTCUSD

USDTUSD

Donald Trump has named Howard Lutnick, CEO of Cantor Fitzgerald, to lead his transition team if he wins the presidency. Lutnick's involvement is significant for the crypto sector, given Cantor Fitzgerald's role as a custodian for Tether (USDT). Trump has positioned himself as a strong ally of the crypto industry, with J.D. Vance as his pro-crypto vice-presidential pick.

Portfolio Pulse from Murtuza Merchant

August 16, 2024 | 6:34 pm

AAPL

GOOGL

Epic Games has launched its mobile store in Europe, intensifying its ongoing conflict with Apple Inc. (NASDAQ:AAPL) and Alphabet Inc. (NASDAQ:GOOGL). The store, now live on Android globally and on iPhones in mainland Europe, follows years of legal disputes. Epic's CEO Tim Sweeney criticized Apple's app store fees and policies, which he claims penalize developers. The European Union's Digital Markets Act has facilitated this launch, but challenges remain. Epic aims for 100 million new installs by year-end and is working to attract third-party developers.

Portfolio Pulse from Franca Quarneti

August 16, 2024 | 6:32 pm