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BABA

PDD

Shein has filed a lawsuit against PDD Holdings Inc's Temu for design theft and fraud. Both companies face challenges, including economic pressures and competition from Amazon's new bargain section. PDD Holdings' stock has a positive outlook with a 44.82% expected upside.

Portfolio Pulse from Anusuya Lahiri

August 21, 2024 | 2:50 pm

GDC

GD Culture Group Limited (NASDAQ:GDC) has launched a TikTok account, @streamlineainews, to provide updates, insights, and trends in AI. This initiative aims to educate and entertain those interested in AI developments.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 2:43 pm

ETH

Bitcoin influencer Max argues against the bearish sentiment on Pepe (PEPE), emphasizing its strong performance against Ethereum (ETH) despite both being down. He suggests that the PEPE/ETH pair is in a healthy uptrend, which could influence investor perspectives on meme coins. Data shows a significant increase in large transaction volumes for PEPE.

Portfolio Pulse from Khyathi Dalal

August 21, 2024 | 2:43 pm

BYDDY

Denza, a premium NEV brand under BYD, has launched pre-sales for its Z9GT hatchback with competitive pricing, aiming to boost sales. The Z9GT, featuring BYD's e3 technology, will start deliveries in September. Denza is a joint venture between BYD and Mercedes, with BYD holding a 90% stake.

Portfolio Pulse from Nabaparna Bhattacharya

August 21, 2024 | 2:41 pm

CROX

HEYDUDE, a footwear brand owned by Crocs, has announced a global partnership with actress Sydney Sweeney as their spokesperson. The campaign focuses on comfort and confidence, aiming to create a movement of 'Dudes'.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 2:34 pm

BTCUSD

ETHUSD

JD

TSLA

Bitcoin and Ethereum fell by 2% despite ETF flows, while other cryptocurrencies like Floki and Dogwifhat outperformed. Grayscale appointed Peter Mintzberg as CEO, and Mt. Gox transferred $709M in Bitcoin. In the tech sector, JD.com shares dropped over 7% after Walmart sold its stake. Tesla recalled over 9,000 Model X SUVs due to potential issues with roof trim pieces.

Portfolio Pulse from Akanksha Bakshi

August 21, 2024 | 2:30 pm

ODP

ODP Business Solutions has expanded its portfolio by adding the Nespresso Professional product line, offering coffeehouse-quality commercial machines and accessories for businesses.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 2:29 pm

SNX

Janam Technologies has partnered with TD SYNNEX to expand its distribution network for rugged mobile computers and RFID readers in the US and Canada. This strategic relationship aims to enhance productivity for businesses by connecting Janam's solutions with TD SYNNEX's partner community.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 2:28 pm

COSM

Cosmos Health has secured exclusive distribution rights for Mpox virus PCR detection kits in Greece and Cyprus, and non-exclusive rights across Europe. This strategic move could enhance their market presence and revenue potential in the healthcare sector.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 2:25 pm

BGXX

Bright Green has signed a Letter of Intent (LOI) to supply DEA-approved marijuana extracts and psychedelics to Benuvia Operations for pharmaceutical use. This move underscores Bright Green's commitment to partnerships within the US pharmaceutical sector.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 2:03 pm