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Amazon Prime Video has secured the streaming rights for the blockbuster movie 'Sound of Freedom', which grossed over $180 million domestically and nearly $250 million globally. The film was initially shelved after 20th Century Fox, the initial rights owner, was bought by Walt Disney Co. The acquisition comes amidst significant movements in the streaming market, with Apple Inc. also making strategic moves into the film industry.

Portfolio Pulse from Ananya Gairola

November 06, 2023 | 4:13 am

BTCUSD

CAKEUSD

ETHUSD

Decentralized crypto exchange PancakeSwap (CRYPTO: CAKE) has seen a 91% surge in a week after introducing a portfolio manager feature. The feature, developed in collaboration with Bril Finance, allows users to deposit tokens into single-asset vaults. The tokens are then integrated into a liquidity provision algorithm with automatic rebalancing. The new feature led to a 42% increase in trading volume, reaching $373 million in 24 hours, and a market cap of $547 million. Users can deposit various cryptocurrencies, including Tether, Bitcoin (CRYPTO: BTC), and Ether (CRYPTO: ETH).

Portfolio Pulse from Mehab Qureshi

November 06, 2023 | 3:35 am

ATVI

The latest installment of the Call of Duty franchise, 'Call of Duty: Modern Warfare III,' has raised concerns due to its massive file size and a cumbersome download manager. The game occupies over 200GB of storage on PlayStation 5 and Xbox Series X/S, with the new Call of Duty HQ download manager alone taking up around 50GB. Activision Blizzard Inc (NASDAQ:ATVI) attributes the file-size increase to the inclusion of various content. However, the complexity of the launcher has been criticized, making it difficult for casual players to install the campaign or navigate the available content.

Portfolio Pulse from Franca Quarneti

November 05, 2023 | 5:22 pm

TSLA

Tesla CEO Elon Musk has announced that the company's Giga Berlin factory will be the manufacturing site for its €25,000 electric vehicle (EV). This comes as a surprise as previous reports suggested that the affordable EVs would be built at Giga Mexico or Giga Texas. The Giga Berlin factory currently manufactures Tesla's Model Y EVs for the European market.

Portfolio Pulse from Shanthi Rexaline

November 05, 2023 | 4:43 pm

MLTX

MoonLake Immunotherapeutics (NASDAQ:MLTX) announced positive top-line results from its global Phase 2 ARGO trial evaluating the efficacy and safety of the Nanobody® sonelokimab in patients with active psoriatic arthritis. The primary endpoint ACR50 was met with up to 47% of patients on sonelokimab achieving ACR50 as early as week 12. All key secondary endpoints were also met. The discontinuation rate was below 4% and safety results were consistent with previously reported studies.

Portfolio Pulse from Charles Gross

November 05, 2023 | 4:22 pm

LCID

TSLA

Lucid Group Co. (NASDAQ:LCID) has discounted its electric vehicle prices in the U.S. and Canada, offering 'Air Credit' discounts. The price adjustments come amid a tough industry environment marked by weak demand and aggressive price cuts led by market leader Tesla, Inc. Lucid reported underwhelming deliveries for Q3, missing the consensus estimate. The company is scheduled to announce its Q3 results on Tuesday.

Portfolio Pulse from Shanthi Rexaline

November 05, 2023 | 3:53 pm

TSLA

Elon Musk, CEO of Tesla Inc., has been in the spotlight this week for his comments on President Biden's AI regulations and his new AI venture, xAI. Musk expressed concern over the executive order mandating AI companies to address algorithmic discrimination. He also announced that xAI will release its first AI model on November 4. In other news, Vice President Kamala Harris announced the creation of the US AI Safety Institute in response to Biden's AI executive order. Musk also supported UK Prime Minister Rishi Sunak's decision to invite China to the AI Safety Summit.

Portfolio Pulse from Benzinga Neuro

November 05, 2023 | 12:30 pm

AAPL

This week, Apple Inc. (NASDAQ:AAPL) was in the news for various reasons. The company's long-standing privacy concerns about Android were revealed in the ongoing Google antitrust trial. Apple also abandoned 'Project Fennel', an initiative to make Apple Watch and Health app compatible with Android devices. Rumors about the iPhone 16 suggest it might adopt molded glass lenses for a slimmer camera system and better optical zoom. Tech investor Gene Munster believes Wall Street's reaction to Apple's Q4 results is exaggerated. Lastly, Apple compared the performance of the new M3 chip with its predecessor, the M1, during the 'Scary Fast' launch of the M3-powered MacBooks and iMacs.

Portfolio Pulse from Benzinga Neuro

November 05, 2023 | 12:23 pm

GM

General Motors' robo-taxi unit Cruise has enlisted an independent law firm and tech consultants to review its operations following a collision that led to a temporary halt of its self-driving car operations. The company's permit for operating driverless cars was revoked by California authorities due to safety concerns. Despite recent setbacks, GM CEO Mary Barra projects that Cruise could bring in revenues of $50 billion by 2030.

Portfolio Pulse from Nabaparna Bhattacharya

November 04, 2023 | 7:34 pm

DIS

DKNG

MGM

PENN

The past week saw significant developments in the sports betting industry, including the Texas Rangers winning the World Series, the first NCAA Playoff rankings, and the trade of NBA star James Harden. DraftKings Inc (NASDAQ:DKNG) reported a 57% YoY increase in Q3 revenue to $790 million, beating estimates, and raised its guidance for 2023 and 2024. PENN Entertainment (NASDAQ:PENN) announced the launch of its ESPN Bet platform on Nov. 14, initially available in 17 states. BetMGM, a joint venture between MGM Resorts International (NYSE:MGM) and Entain, saw improved betting odds on NBA rookie Victor Wembanyama.

Portfolio Pulse from Chris Katje

November 03, 2023 | 9:18 pm