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LAES

SEALSQ

SEALSQ has announced a strategy in collaboration with WISeAI.IO at the Davos AI Roundtable. The article does not provide specific details about the strategy or its implications for either company. There is also a mention of LAES, but without context or relevance to the announcement.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 9:10 pm

NTDOY

SONY

WBD

Warner Bros. Discovery Inc's (NASDAQ:WBD) Hogwarts Legacy became the best-selling video game in the U.S. in 2023, surpassing titles from Activision and Rockstar. It led in dollar sales on PlayStation, was second on Xbox, and fifth on Nintendo platforms. Other top sellers included Electronic Arts Inc's (NASDAQ:EA) Madden NFL 24, Sony Group Corp.'s (NYSE:SONY) Marvel’s Spider-Man 2, and Nintendo ADR’s (OTC:NTDOY) The Legend of Zelda. U.S. video game spending reached $57.2 billion in 2023, a 1% increase from the previous year.

Portfolio Pulse from Franca Quarneti

January 18, 2024 | 9:09 pm

AEON

AEON Biopharma presented results from the open-label extension of a Phase 2 trial for ABP-450 (prabotulinumtoxinA) in adults with cervical dystonia, highlighting its efficacy and safety.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 9:08 pm

ANSS

CVS

GILD

QQQ

REGN

SNPS

SPY

Marc Chaikin, CEO of Chaikin Analytics, believes the 'buy everything' market sentiment is over due to the Federal Reserve's stance on interest rates. He predicts a stock picker's market for 2024, with a bullish outlook on stocks, particularly in the tech and biotech sectors. Synopsys (SNPS) is highlighted for its merger with Ansys (ANSS) and its potential value despite recent share price declines. Chaikin also sees opportunities in biotech companies like Gilead Sciences (GILD) and Regeneron Pharmaceuticals (REGN), as well as CVS Health Corp (CVS).

Portfolio Pulse from Neil Dennis

January 18, 2024 | 8:54 pm

CMI

PCAR

Accelera by Cummins (NYSE:CMI), Daimler Truck, and PACCAR (NASDAQ:PCAR) have chosen Mississippi for a new battery cell production facility for commercial electric vehicles. The joint venture, which also includes technology partner EVE Energy, is expected to create over 2,000 jobs and start production in 2027. The factory will focus on lithium-iron-phosphate (LFP) battery technology and is part of the companies' commitment to zero-emissions and the Paris Climate Agreement. The deal is pending regulatory approvals, including CFIUS.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 8:52 pm

AFRM

FIS

HOOD

PYPL

Mizuho analyst Dan Dolev has highlighted Affirm Holdings (AFRM), Fidelity National Information Services (FIS), Robinhood Markets (HOOD), and Block (SQ) as top FinTech stocks for 2024, promising growth for average Americans. Dolev emphasizes AFRM's expansion beyond 'Buy Now Pay Later' into a broader payment network, competing with Visa (V), Mastercard (MA), and PayPal (PYPL). He projects higher than consensus FY24 revenues for AFRM, FIS, and HOOD, and a 16%+ gross profit growth for Block. AFRM shares recently dropped by 2.27%.

Portfolio Pulse from Anusuya Lahiri

January 18, 2024 | 7:44 pm

SHAK

Shake Shack has increased the prices of its white-label delivery menu by 5%, as reported by Reuters. This move could be a response to rising operational costs or an effort to improve margins on delivery orders.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 7:43 pm

AAPL

SPOT

The European Parliament has passed a resolution with strong support to ensure fair pay for artists on music streaming platforms. MEPs are advocating for EU regulations to address imbalances in the sector, including outdated royalty rates and payola schemes. The resolution calls for transparent revenue allocation practices and the creation of a new EU legal framework. Spotify Technology SA (SPOT) and Apple Inc's (AAPL) Apple Music are mentioned as platforms that would need to comply with these potential new rules. The resolution also suggests quotas for European musical works and demands transparency in the use of AI and algorithms by streaming services.

Portfolio Pulse from Franca Quarneti

January 18, 2024 | 7:42 pm

MSFT

NTDOY

SONY

Microsoft CEO Satya Nadella is optimistic about the Activision acquisition, seeing it as an opportunity for Microsoft to become a 'good publisher' on multiple platforms, including Sony and Nintendo consoles. The deal enhances Microsoft's gaming portfolio with major franchises and supports its cross-platform strategy. Nadella's comments suggest a focus on broad distribution, including potential releases of some Xbox exclusives on rival consoles after initial exclusivity periods.

Portfolio Pulse from Franca Quarneti

January 18, 2024 | 7:37 pm

COIN

The SEC approved 11 spot Bitcoin ETFs, which are expected to attract new investors to Bitcoin. Coinbase (NASDAQ:COIN) is the custodian for 10 out of the 13 Bitcoin ETF applications, playing a crucial role in their operation. Coinbase's reputation for security and low transaction fees makes it a trusted custodian for these ETFs. The approval of Bitcoin ETFs could lead to further spot ETFs for other cryptocurrencies, potentially expanding Coinbase's custodial role.

Portfolio Pulse from Caden Pok

January 18, 2024 | 7:35 pm