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TSLA

Former Tesla executive Rohan Patel praised California Governor Gavin Newsom for his support of Tesla despite CEO Elon Musk's criticisms. Patel emphasized that political disagreements with Musk do not equate to opposition to Tesla. Newsom's recent praise for Rivian highlights increased competition in the EV market, with Tesla's new registrations in California falling by 17% in the first half of 2024, while Rivian's rose by nearly 77%. Despite this, Tesla's Model Y remains the best-selling EV in the state.

Portfolio Pulse from Anan Ashraf

August 08, 2024 | 6:19 am

VRTX

Vertex Pharmaceuticals has secured NHS England reimbursement for its CASGEVY therapy, which treats transfusion-dependent beta thalassemia (TDT). This therapy is one of the first to be funded by NHS England's Innovative Medicines Fund, allowing eligible TDT patients in England to access it immediately.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 6:00 am

PGEN

Precigen has priced a $30 million public offering of 35,294,118 common stock at $0.85 per share. The proceeds will be used for advancing PRGN-2012 to regulatory approval, limited clinical development of other pipeline assets, and general corporate purposes. The funds, along with strategic reprioritization and existing cash, are expected to support operations into early 2025.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 5:43 am

HOOD

Robinhood Markets Inc. (NASDAQ:HOOD) has reported that its 24-hour market trading volume is nearing $30 billion, despite recent technical challenges. CEO Vlad Tenev highlighted the feature's popularity and its role in the company's strategy. Despite an outage caused by a third-party provider, Robinhood remains committed to improving the system. The company's second-quarter earnings showed a 40% year-over-year revenue increase, reaching $682 million.

Portfolio Pulse from Benzinga Neuro

August 08, 2024 | 5:33 am

DIS

Disney CFO Hugh Johnston discussed the company's recent price hikes for Disney+, Hulu, and ESPN+ during the fiscal Q3 2024 earnings call. He emphasized the value provided to consumers and the positive impact of bundling on churn. Disney reported a 4% year-on-year revenue growth, slightly surpassing analyst estimates. Despite this, Disney shares fell by 4.43% during the regular session and further by 0.65% in after-hours trading.

Portfolio Pulse from Ananya Gairola

August 08, 2024 | 5:10 am

DIS

Disney CEO Bob Iger unveiled a robust film slate for the next two years, including 'Moana 2' and a new 'Avengers' movie, during the company's Q3 2024 earnings call. The lineup aims to drive box office and streaming revenues. Despite mixed financial results, Disney's streaming business turned profitable, and the company reported a 4% YoY revenue increase.

Portfolio Pulse from Benzinga Neuro

August 08, 2024 | 4:37 am

HOOD

Robinhood Markets Inc. (NASDAQ: HOOD) is optimistic about its future in the cryptocurrency market, contingent on improved regulatory clarity in the U.S. The company believes that clearer regulations would allow it to innovate more rapidly and offer more coins, potentially boosting revenue through new products and services like cryptocurrency lending. Robinhood's cryptocurrency revenue saw a significant increase in the second quarter of 2024, highlighting the importance of this segment to its overall financial performance.

Portfolio Pulse from Aniket Verma

August 08, 2024 | 3:59 am

BTCUSD

Economist Peter Schiff shared an AI-generated video mocking Bitcoin, likening it to a group of ducks and calling it 'the biggest duck of them all.' Schiff has been a long-time critic of Bitcoin, often highlighting its weaknesses. His recent comments about Bitcoin ETFs were acknowledged by Bloomberg ETF analyst Eric Balchunas. Bitcoin's price was $57,301.38, up 1.37% in the last 24 hours.

Portfolio Pulse from Aniket Verma

August 08, 2024 | 3:10 am

ARM

NVDA

SFTBY

SoftBank Group, led by Masayoshi Son, reaffirms its commitment to AI investment despite market volatility and a significant drop in its stock. CFO Yoshimitsu Goto emphasized the company's robust financial status and unchanged financial strategy for fiscal 2024. SoftBank's first-quarter losses were lower than last year due to a weak yen and increased earnings from ARM Holdings. The company also announced a $3.4 billion share buyback. Meanwhile, U.S. stocks, including Nvidia, experienced declines.

Portfolio Pulse from Ananya Gairola

August 08, 2024 | 2:01 am

JUSHF

Jushi Holdings Inc. (OTC:JUSHF) reported significant improvements in its Q2 2024 financial results, including a reduced net loss, increased revenue, and strategic debt refinancing. The company also expanded its product offerings and market presence, particularly in Ohio and Virginia.

Portfolio Pulse from Nicolás Jose Rodriguez

August 07, 2024 | 11:32 pm