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DIS

WBD

Walt Disney Co. (NYSE:DIS) and Warner Bros. Discovery (NASDAQ:WBD) are collaborating to offer a new streaming bundle, including Disney+, Hulu, and Max, launching in the U.S. this summer. CNBC's Alex Sherman dubbed this the 'great rebundling,' indicating a trend towards more media partnerships. The bundle will have both ad-supported and ad-free options, with pricing details to be announced. This collaboration is part of Disney's strategy to enhance its streaming services, alongside securing NBA rights and adjusting its Marvel content strategy.

Portfolio Pulse from Benzinga Neuro

May 09, 2024 | 9:50 am

CPOP

Pop Culture Group Co., Ltd. (CPOP) reported a significant revenue increase to $24M for the six months ended December 31, 2023, up from $12.75M YoY. This 113% growth is attributed to the company's new digital collection sales via its WeChat account. Additionally, the company turned a previous gross deficit of $2.34M into a gross profit of $1.78M in the same period.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 9:12 am

BNTX

MRNA

NVAX

PFE

XBI

Elon Musk praised mRNA technology, highlighting its potential in fighting diseases like COVID-19. This technology, used by Pfizer-BioNTech, Moderna, and Novavax for their vaccines, faces skepticism from GOP voters. The mRNA therapeutics market is expected to grow significantly, with companies like Arcturus Therapeutics, CureVac, and GeoVax Labs being key players alongside the SPDR S&P Biotech ETF.

Portfolio Pulse from Shanthi Rexaline

May 09, 2024 | 9:01 am

LCID

Lucid Group Inc (NASDAQ:LCID) CEO Peter Rawlinson announced breakthroughs in EV efficiency, aiming for a car with 5 miles per kWh by year-end. Lucid Air leads in range and charging speed in the US, with plans for a cheaper, high-volume model by late 2026. Despite a Q1 net loss of $680.9 million, Lucid's $5.03 billion liquidity is expected to support operations into Q2 2025.

Portfolio Pulse from Anan Ashraf

May 09, 2024 | 8:46 am

VLRS

Volaris and Frontier Airlines have reactivated their codeshare agreement, enhancing connectivity between the U.S. and Mexico. This partnership allows Frontier customers to book flights to Mexico via Volaris starting May 16th, 2024. Volaris operates over 460 daily flights, connecting 44 cities in Mexico and 29 in the U.S., Central, and South America, including major destinations like Mexico City and Cancun.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 8:36 am

AIXI

Xiao-I has entered into a strategic partnership with a leading Hong Kong insurance company to integrate its AI products, iRobot and iVoice, into the insurer's customer service operations. This move aims to revolutionize customer interactions by enhancing efficiency and personalization.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 8:26 am

MIELY

Mitsubishi Electric Corporation has secured a contract from JAXA to supply lithium-ion batteries for the Gateway lunar orbiting space station, contributing to the Artemis Program.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 8:23 am

BTCUSD

ETHUSD

Donald Trump, during a campaign speech, endorsed cryptocurrencies and expressed his intention to allow crypto donations to his 2024 campaign. He also commented negatively on a meme coin parodying Joe Biden, which then surged over 14%. Trump's crypto portfolio is valued over $5.6 million, including MAGA Coin, Ethereum, Wrapped Ether, and other memecoins. His stance on Bitcoin has softened, contrasting with the Biden administration's veto against legislation for financial institutions to hold cryptocurrencies. Standard Chartered predicts a positive outlook for cryptocurrencies if Trump is re-elected.

Portfolio Pulse from Aniket Verma

May 09, 2024 | 8:10 am

AAPL

Apple Inc.'s new iPad advertisement, showcasing the destruction of creative tools by a new iPad, has faced backlash from the creator community. Critics argue it symbolizes the replacement of human creativity with artificial intelligence. Despite the controversy, Apple continues to promote its latest iPad models, including the iPad Pro with the M4 chip and the iPad Air with the M2 chip, aiming to drive growth in its iPad business.

Portfolio Pulse from Kaustubh Bagalkote

May 09, 2024 | 8:07 am

PAL

Proficient Auto Logistics has priced its IPO at $15 per share, offering 14,333,333 shares for total proceeds of approximately $215 million. The funds will be used for acquisitions of five operating businesses (Delta Auto Transport, Inc, Deluxe Auto Carriers, Inc., Sierra Mountain Group, Inc., Proficient Auto Transport, Inc., and Tribeca Automotive Inc.), covering the cash consideration for these acquisitions, expenses related to the combinations, and for general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 7:53 am