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XRPUSD

RippleX's Senior VP, Markus Infanger, predicts the tokenized asset market could reach $16 trillion, driven by traditional finance firms adopting blockchain technology. Infanger highlighted the growing trend of financial assets being tokenized on public blockchains, with Ripple in talks with financial institutions for tokenization projects on the XRP Ledger. He also mentioned a partnership with HSBC and Metaco for a custody platform for tokenized securities. Additionally, Ripple plans to launch a U.S. dollar-pegged stablecoin on the XRP Ledger and Ethereum, aiming to expand its offerings.

Portfolio Pulse from Khyathi Dalal

April 18, 2024 | 7:37 pm

DIS

EA

Electronic Arts Inc (NASDAQ:EA) is developing an open-world Black Panther game, with Cliffhanger Games leading the project. The game aims to offer an immersive sandbox experience, integrating narrative with dynamic gameplay elements. Connie Booth, a former PlayStation executive, oversees the project as part of EA's deal with The Walt Disney Co. (NYSE:DIS) for three Marvel action-adventure games. The release date for the Black Panther game is yet to be announced.

Portfolio Pulse from Franca Quarneti

April 18, 2024 | 7:34 pm

SPY

The EPA is set to announce plans by the end of the week to temporarily waive restrictions on higher-ethanol gasoline blends for the summer. This move could impact fuel prices and the ethanol market.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 7:33 pm

BPTS

Biophytis shares are trading higher following the announcement of a new Scientific Advisory Board to support its phase 2 OBA clinical study in obesity.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 7:27 pm

TLSA

Tiziana Life Sciences shares are trading higher following the announcement of new quantitative PET imaging data on foralumab.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 7:20 pm

AAPL

SPOT

Taylor Swift's new album, 'The Tortured Poets Department,' is set to release, potentially boosting revenues for Universal Music Group. Swift, who has already achieved billionaire status through her Eras Tour, could make $50-$100 million from this project. Her previous album 'Midnights' generated over $200 million for Universal, and Swift made more than $23 million from it. Swift's earnings also include significant contributions from streaming platforms like Apple Music and Spotify, with over $100 million earned from Spotify in 2023 alone.

Portfolio Pulse from Aaron Bry

April 18, 2024 | 7:04 pm

IXN

MSFT

VGT

Analysts from Citigroup and BofA Securities have reiterated their positive outlook on Microsoft Corp (NASDAQ:MSFT), citing strong growth trends in Azure and AI services. Citigroup's analyst Tyler Radke maintained a Buy rating but slightly lowered the price target from $480 to $475, while BofA's Brad Sills expects a healthy upside to revenue estimates, particularly from Azure and M365. Microsoft's strategic emphasis on AI and cloud services is expected to drive strong future performance, with the stock gaining over 40% in the last 12 months. Investors can also gain exposure to Microsoft through IShares Global Tech ETF (NYSE:IXN) and Vanguard Information Tech ETF (NYSE:VGT).

Portfolio Pulse from Anusuya Lahiri

April 18, 2024 | 6:56 pm

XPON

Expion360 shares are trading higher following the announcement of preorders for its Group 27 and GC2 batteries.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 6:56 pm

AMZN

Needham analyst Laura Martin reiterated a Buy rating on Amazon.com Inc (NASDAQ:AMZN) with a $205 price target, raising fiscal 2024 profit estimates based on expected cost-cutting and margin expansion. Martin predicts Amazon will lead in the AI revolution with its strategic position in GenAI and development of GenAI chips, expecting it to be one of the top beneficiaries in the digital market's 'winner take most' dynamics.

Portfolio Pulse from Anusuya Lahiri

April 18, 2024 | 6:36 pm

DIS

WBD

The NBA's exclusive negotiating window with Disney and Warner Bros. Discovery for TV rights is set to expire without a deal, opening opportunities for new partners like Amazon, Apple, and Netflix. Despite ongoing discussions, no agreement is expected by the deadline. The NBA seeks to double its previous $24 billion media rights deal, complicating negotiations. Disney and Warner Bros. Discovery, aiming to renew their rights, have also announced a new sports streaming service launching in the fall.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 6:33 pm