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DIS

Disney unveiled a bold lineup of new attractions and park expansions at D23, including new lands themed around Disney villains, Cars, and Monsters Inc., as well as new Marvel and Avatar attractions. These expansions reflect Disney's ambitious growth strategy in the experiences industry.

Portfolio Pulse from Akanksha Bakshi

August 12, 2024 | 3:02 pm

JNJ

Medicare and its beneficiaries are paying significantly more for Johnson & Johnson's (NYSE:JNJ) psoriasis drug Stelara when obtained through pharmacies rather than administered in physician offices. The cost discrepancy is due to differing payment determination methods between Medicare Part B and Part D. Recent changes in coverage have led to higher out-of-pocket costs for enrollees, with Medicare expenditures for Stelara increasing almost tenfold from 2016 to 2023.

Portfolio Pulse from Vandana Singh

August 12, 2024 | 2:54 pm

AAPL

BRK-B

Berkshire Hathaway has drastically reduced its Apple holdings by 55.8%, selling 505 million shares. This decision comes amidst Apple's recent revenue slowdown and a 10% decline in smartphone demand. Despite these challenges, Apple is pursuing innovations in AI and satellite connectivity to strengthen its market position.

Portfolio Pulse from Zaheer Anwari

August 12, 2024 | 2:46 pm

ASND

TAK

The FDA has approved Ascendis Pharma's (NASDAQ:ASND) Yorvipath (palopegteriparatide) for treating hypoparathyroidism in adults, making it the first and only treatment available after Takeda's (NYSE:TAK) Natpar/Natpara was discontinued due to supply issues. Ascendis plans to launch Yorvipath with patient services and anticipates initial supply availability in Q1 2025.

Portfolio Pulse from Vandana Singh

August 12, 2024 | 2:42 pm

CHRT

DIS

FOX

GOOG

NFLX

PGRE

SPOT

WBD

A Benzinga poll reveals that most subscribers would cancel streaming services over a 5% price increase. Netflix is the least likely to be canceled, while HBO Max is the most likely. Disney+ is increasing its price, leading to potential cancellations.

Portfolio Pulse from Michael Juliano

August 12, 2024 | 2:36 pm

NEM

Recent options trading trends for Newmont (NYSE:NEM) show a bearish sentiment among major investors, with 66% of trades being bearish. The stock is currently trading at $48.32, up by 1.28%, and has an average price target of $57.0 from analysts. The company is expected to produce 6.9 million ounces of gold in 2024, but may sell higher cost, smaller mines after acquiring Newcrest.

Portfolio Pulse from Benzinga Insights

August 12, 2024 | 2:30 pm

BTCUSD

NVDA

Crypto traders express strong confidence in Bitcoin's long-term performance, suggesting it will outperform assets like gold, Ethereum, and Nvidia. Despite current price volatility, traders recommend a strategy of consistent accumulation. Data shows increased large transaction volume and active addresses, with significant accumulation by large holders.

Portfolio Pulse from Khyathi Dalal

August 12, 2024 | 2:29 pm

NVDA

SBUX

USO

Oil prices rose due to Middle East tensions, Starbucks saw gains following an activist report, and NVIDIA continued its upward trend.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 2:16 pm

BNO

USO

Oil prices are trading higher due to ongoing Middle East tensions, with recent reports suggesting a potential attack by Iran on Israel.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 2:11 pm

GNLN

Greenlane Holdings shares are trading higher after the company announced a non-binding letter of intent to be the exclusive U.S. distributor of Safety Strips, which detect fentanyl, xylazine, and drink spiking.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 2:10 pm