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DIS

Walt Disney Co announced that Hulu on Disney+ will roll out its beta version to bundle subscribers on December 6, ahead of its official launch in spring. The announcement was made during a conference call.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 4:58 pm

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JNJ

LLY

NVO

PFE

RHHBY

Johnson & Johnson's CEO Joaquin Duato stated that the company is not planning to enter the weight-loss drug market due to existing competition, focusing instead on expanding in neurology and oncology. Eli Lilly, Novo Nordisk, and Roche Holdings are already significant players in the obesity treatment market. Roche recently acquired Carmot Therapeutics for $2.7 billion. Altimmune's stock rose after Phase 2 obesity trial results, while Pfizer's fell due to high discontinuation rates in a trial. JNJ shares dropped 1.11% recently.

Portfolio Pulse from Vandana Singh

December 06, 2023 | 4:23 pm

BETS

Bit Brother Ltd (NASDAQ:BETS) shares surged 16.7% to $0.039 after announcing a registered direct offering to sell $12.0 million worth of shares and warrants. The offering includes 184,615,385 Class A ordinary shares at $0.065 per share with associated Class D and E warrants. Class D warrants are exercisable at $0.06 and Class E at $0.13. The company also plans a reverse split to avoid delisting and has secured a Certificate of Occupancy for a cryptocurrency mining farm in Texas, aiming to start operations by early 2024 with a target of 12 Bitcoin per month.

Portfolio Pulse from Henry Khederian

December 06, 2023 | 4:18 pm

AAPL

ADP

AMZN

GLD

GOOG

META

MSFT

NVDA

QQQ

SLV

SMIN

SPY

TSLA

USO

Investors expect the European Central Bank to cut rates six times by 2024, potentially before the Fed does. ADP data indicates a Goldilocks economy with employment change lower than expected but still positive. U.S. Q3 Unit Labor Costs fell more than anticipated, and productivity surged, which is positive for the stock market. India's stock market capitalization reached $4 trillion, with iShares MSCI India Small-Cap ETF (SMIN) up 31.2% YTD. Early trade money flows are positive for major tech stocks and ETFs like SPY and QQQ. Gold and oil are experiencing mixed actions from the momo crowd and smart money. Bitcoin crossed $44,000. The Arora Report advises investors to maintain a balance of cash, hedges, and good long-term positions.

Portfolio Pulse from The Arora Report

December 06, 2023 | 4:08 pm

ARVN

PFE

Arvinas, Inc. (ARVN) stock price increased following the announcement of positive interim data from a Phase 1b trial of Vepdegestrant in combination with Palbociclib, conducted in partnership with Pfizer.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 4:06 pm

AMZN

MAT

NFLX

Mattel Inc (MAT) has entered into a multi-year licensing partnership with Amazon MGM Studios, part of Amazon.com Inc (AMZN), to create and sell dolls and collector sets inspired by the Netflix Inc (NFLX) series 'Wednesday.' The products, including Monster High dolls and Little People Collector sets, will be released in 2024 and will be available on Amazon and other retailers. 'Wednesday' has been a massive hit on Netflix, becoming the most-watched English-language series on the platform and has been renewed for a second season.

Portfolio Pulse from Chris Katje

December 06, 2023 | 4:00 pm

LCID

SIRI

SiriusXM Canada and Lucid Group, Inc. have partnered to offer SiriusXM's audio streaming entertainment to all new and existing Canadian Lucid owners. This includes a 3-month trial subscription. SiriusXM will be an optional subscription for the Lucid Air lineup, enhancing the luxury driving experience with a wide range of curated music, entertainment, and sports content. The Lucid Air is designed to receive over-the-air software updates, allowing for continuous improvement and new features like SiriusXM.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 3:53 pm

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CPB

PHR

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PLAY

THO

WBUY

THOR Industries reported better-than-expected quarterly earnings of 99 cents per share against estimates of 98 cents, with sales of $2.50 billion versus $2.498 billion expected, sending its shares up 6.5%. Other stocks also moved higher, with significant gains following positive earnings, clinical study results, strategic moves, and financial updates.

Portfolio Pulse from Lisa Levin

December 06, 2023 | 3:48 pm

SCGLY

Société Générale (OTC:SCGLY) is set to launch EUR CoinVertible, a euro-denominated stablecoin, which will be the first offered by a major financial institution and fully backed by euros. Unlike JPMorgan's JPMCoin, which is limited to institutional clients, SocGen's stablecoin will be available for trading on crypto exchanges like Bitstamp and comply with the EU's upcoming MiCA regulations. The stablecoin aims to be used for settling trades in digital bonds and other assets, with the euros held in a trust managed by a third party, mitigating exposure risk to the bank.

Portfolio Pulse from Khyathi Dalal

December 06, 2023 | 3:25 pm

BTDR

CAN

NVDA

Bitdeer and Canaan are diversifying into AI to hedge against crypto volatility. Bitdeer partners with Nvidia to provide AI cloud services, while Canaan is creating a separate AI chip unit. Despite a crypto rally, Canaan's Q3 revenue fell 77% year-on-year, while Bitdeer's grew 14%. Both companies' fortunes may improve with rising crypto prices, but they remain cautious and aim to reduce reliance on crypto through AI diversification.

Portfolio Pulse from The Bamboo Works

December 06, 2023 | 3:17 pm