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The Duffer Brothers, creators of 'Stranger Things,' are set to produce a new horror series titled 'Something Very Bad Is Going To Happen' for Netflix. This new series is written by Haley Z. Boston and is described as an atmospheric horror set at a wedding. The Duffer Brothers have an overall deal with Netflix and have several other projects in the pipeline, including a 'Stranger Things' spinoff and a live-action adaptation of 'Death Note.'

Portfolio Pulse from Chris Katje

July 17, 2024 | 7:45 pm

SDST

Stardust Power Inc. (NASDAQ: SDST) shares surged by 148% following its debut on the Nasdaq Global Market after a business combination with Global Partner Acquisition Corp II. The company focuses on lithium production, aligning with U.S. national security priorities and benefiting from state and federal incentives.

Portfolio Pulse from Vaishali Prayag

July 17, 2024 | 7:32 pm

BLK

BTCUSD

Venture capitalist Luke Martin describes Bitcoin as a 'liquidity and attention black hole,' highlighting its growing influence in finance and politics. Bitcoin's impact is evident in the recent presidential election and the success of Bitcoin ETFs. Google Trends data shows increasing interest in Bitcoin, correlating with recent market movements.

Portfolio Pulse from Khyathi Dalal

July 17, 2024 | 7:23 pm

GEV

GE Vernova shares are trading lower following turbine blade damage at the Vineyard Wind Offshore Wind Farm.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 7:12 pm

IRDM

Samsung has signed a deal with Iridium Communications to bring satellite connectivity to its Galaxy S23 smartphone series, highlighting its commitment to space-based communication. This move positions Samsung ahead in the competitive race with Apple and Huawei to provide reliable 5G connectivity from space.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 7:03 pm

ADVM

Adverum Biotechnologies Inc (NASDAQ:ADVM) released interim data from its LUNA Phase 2 trial for Ixo-vec, a gene therapy for wet age-related macular degeneration (AMD). The data showed significant reductions in anti-VEGF injections and maintenance of visual and anatomic outcomes. The company plans to initiate a Phase 3 trial in H1 2025.

Portfolio Pulse from Vandana Singh

July 17, 2024 | 6:54 pm

AMZN

GOOG

GOOGL

Needham analyst Laura Martin highlights the untapped potential of Amazon's Twitch, estimating it to be worth $46 billion. Martin reiterates a Buy rating for Amazon, raising the price target from $205 to $210, and suggests Amazon should be valued as a Services company due to its expanding margins and potential upside from generative AI. The analysis underscores Twitch's strategic benefits and Amazon's ability to build successful businesses, which could lead to a valuation multiple expansion.

Portfolio Pulse from Surbhi Jain

July 17, 2024 | 6:45 pm

ETHE

Bitwise CIO Matt Hougan predicts Ethereum (ETH) will reach $5,000 by the end of 2024, driven by ETP inflows. Key factors include Ethereum's 0% inflation rate, reduced selling pressure from validators, and a significant portion of ETH supply being locked. Hougan anticipates $15 billion in ETP inflows over 18 months, despite potential initial market choppiness from Grayscale Ethereum Trust (ETHE) outflows.

Portfolio Pulse from Murtuza Merchant

July 17, 2024 | 6:41 pm

BTCUSD

Anthony Scaramucci, CEO of SkyBridge Capital, criticized the Democrats for their handling of cryptocurrency legislation and called for the dismissal of SEC Chair Gary Gensler. Despite Trump's pro-crypto stance, Scaramucci will not vote for him, citing broader concerns.

Portfolio Pulse from Khyathi Dalal

July 17, 2024 | 6:33 pm

FDMT

4D Molecular Therapeutics (NASDAQ: FDMT) released interim 24-week data from its Phase 2 PRISM trial for wet AMD, showing promising results in reducing anti-VEGF injections and improving visual outcomes. The company plans to update the Phase 3 trial design in September 2024 and start the first Phase 3 trial in early 2025. Despite the positive data, FDMT shares are down 35.7% to $17.19.

Portfolio Pulse from Vandana Singh

July 17, 2024 | 6:22 pm