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TLRY

Tilray Brands, Inc. (NASDAQ:TLRY) stock is trading higher after the U.S. government released documents indicating a review of cannabis status under federal law. The Department of Health and Human Services recommended rescheduling cannabis to Schedule III, acknowledging its medical use and lower potential for abuse compared to Schedules I and II. Additionally, Tilray received approval from Panama's Ministry of Health for medical cannabis operations. Shares are trading above the 50-day moving average but below the 52-week high.

Portfolio Pulse from Erica Kollmann

January 16, 2024 | 7:22 pm

BTI

PM

The WHO's latest tobacco trends report shows a global decline in tobacco use, with 1.25 billion adult users in 2022, down from 1 in 3 adults in 2000 to 1 in 5 today. Brazil and the Netherlands have made significant reductions following MPOWER measures. However, the rise of vaping among youth is causing regulatory concerns. The industry faces uncertainty as health organizations endorse vaping as a smoking alternative, but regulatory scrutiny increases. Major tobacco companies like Philip Morris International Inc (PM) and British American Tobacco Industries (BTI) are wary of potential regulations on new nicotine products.

Portfolio Pulse from Vandana Singh

January 16, 2024 | 7:21 pm

STLA

Stellantis NV (NYSE:STLA) has entered into a multi-billion euro agreement with SIXT, a mobility service provider, to supply up to 250,000 vehicles for SIXT's rental fleet over the next three years. The vehicles will be deployed across Europe and North America and will include a range of Stellantis' brands and vehicle classes, with various propulsion types, including battery electric vehicles (BEV). The partnership also explores cooperation in data services. The first major delivery is expected in Q1 2024. Meanwhile, STLA shares dropped by 3.18% to $21.59.

Portfolio Pulse from Shivani Kumaresan

January 16, 2024 | 7:15 pm

BTC-USD

Argentina's city of Rosario records its first rental agreement with rent paid in Bitcoin, following legal amendments by President Javier Milei allowing payments in non-legal tender currencies. The monthly rent is set at an equivalent of 100 USDT in Bitcoin, using local crypto platform Fiwind for transactions. This development aligns with Argentina's recent economic reforms and the recognition of Bitcoin for contractual agreements.

Portfolio Pulse from Khyathi Dalal

January 16, 2024 | 7:06 pm

GSK

GSK Australia has announced that the Therapeutic Goods Administration (TGA) has approved AREXVY, Australia's first vaccine for Respiratory Syncytial Virus (RSV). This marks a significant milestone in the prevention of RSV, a major cause of respiratory infections in infants and older adults.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 7:04 pm

MVLA

Movella, a provider of sensors and software for motion capture, has been granted a European patent (EP3361948) for integrating inertial tracking with position aiding in motion capture systems. This patent could enhance Movella's product offerings and potentially improve its competitive position in the European market.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 6:28 pm

ALK

BA

UAL

Alaska Airlines and United Airlines have extended cancellations of Boeing 737 Max 9 flights through Wednesday, according to Reuters. This decision may affect the operational schedules and customer bookings of both airlines, as well as reflect on Boeing's ongoing challenges with the 737 Max series.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 6:24 pm

CRUS

Four analysts have provided ratings on Cirrus Logic (NASDAQ:CRUS) in the last three months, with an average 12-month price target of $93.75, down from the previous $94.50. Analysts from Barclays, Keybanc, Loop Capital, and Susquehanna have made adjustments to their ratings and price targets. Cirrus Logic specializes in integrated circuits for audio and voice signal processing applications, with a strong net margin and ROE but facing revenue challenges and a lower market capitalization compared to industry peers.

Portfolio Pulse from Benzinga Insights

January 16, 2024 | 6:00 pm

ETHUSD

On Monday, 4,768.82 Ether (ETH) valued at $12.2 million was burned, permanently removing it from circulation. This is a result of the EIP-1159 upgrade implemented on August 5, 2021, which introduced a variable base fee for transactions that is burned. The Ethereum network currently has a 4% annual issuance rate of new Ether, expected to drop to 0.5-1% with Ethereum 2.0, potentially making ETH deflationary. The net annualized issuance rate for Ether was -3.82% yesterday, according to Glassnode.

Portfolio Pulse from Benzinga Insights

January 16, 2024 | 6:00 pm

AMZN

CMCSA

DIS

FOX

FOXA

PARA

PARAA

Comcast Corporation's Peacock streamed the most-watched livestreamed event in U.S. history with the NFL Playoffs game between the Miami Dolphins and Kansas City Chiefs. The game averaged 23 million viewers and peaked at 24.6 million. Comcast also aired the Cleveland Browns vs. Houston Texans game, which was the most-watched Saturday NFL Wild Card game on NBC since 2014. The NFL's move towards streaming exclusives, including Amazon's 'Thursday Night Football', indicates a shift in how fans consume sports. Comcast benefits from strong NFL viewership, with six of the top 10 most-watched primetime broadcasts in 2023. The company has one more NFL Playoffs game to air and will report Q4 financial results on Jan. 25, which may reflect the impact of NFL rights on its performance.

Portfolio Pulse from Chris Katje

January 16, 2024 | 5:54 pm