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DIS

DISH

SLING TV, a subsidiary of DISH Network, has relaunched Disney Star channels and Hotstar original content, adding 19 live South Asian channels across 7 languages to its lineup. This move provides SLING viewers with more options in popular South Asian content and shows.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 7:07 pm

SQNXF

Square Enix Holdings Co., Ltd. (OTC:SQNXF) has lost nearly $2 billion in value since the release of 'Final Fantasy 16' in June, with shares dropping by almost 30%. Despite initial strong sales, the game's performance has not compensated for previous underperforming titles. The company's new CEO, Takashi Kiryu, plans to focus on big-budget games to improve financial performance.

Portfolio Pulse from Franca Quarneti

September 14, 2023 | 6:33 pm

MRK

The FDA has approved new and updated indications for Temozolomide under Project Renewal. Temozolomide is now approved for adjuvant treatment of adults with newly diagnosed Anaplastic Astrocytoma and refractory Anaplastic Astrocytoma.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 6:32 pm

ARM

NVDA

Arm Holdings PLC (NASDAQ:ARM) has hit the open market with a $54.5 billion valuation, marking the largest IPO of 2023. The company's shares are now trading at $60, up from the initial price of $51 per share. Arm's CEO, Rene Haas, highlighted the company's strength in its core products and its extensive software ecosystem, which supports major operating systems. Despite acknowledging the potential of the emergent RISC-V architecture, Haas pointed out the challenges it faces in establishing a comparable software ecosystem.

Portfolio Pulse from AJ Fabino

September 14, 2023 | 6:26 pm

AMZN

SHOP

WMT

Amazon is capitalizing on the discontinuation of Shopify's shipping services by promoting its Buy With Prime service, which facilitates orders from non-Amazon.com sites. This move is expected to boost online merchants' sales and conversion rates. Amazon anticipates more shoppers will now purchase from brand websites rather than online marketplaces like Amazon.com and Walmart.com. Direct-to-consumer sales are projected to rise 17% in 2023, reaching $182.6 billion.

Portfolio Pulse from Anusuya Lahiri

September 14, 2023 | 6:20 pm

YUMC

Yum China Holdings Inc (NYSE:YUMC) shares are trading higher after the company announced its refreshed RGM 2.0 strategy, aiming to accelerate network expansion, drive sales growth, and boost profits. The company plans to reach 20,000 stores by 2026 and achieve high-single-to-double-digit CAGR for system sales and operating profit, as well as double-digit EPS CAGR from 2024 to 2026. Yum China also plans to return approximately $3 billion to shareholders through dividends and share repurchases over the next three years.

Portfolio Pulse from Shivani Kumaresan

September 14, 2023 | 6:05 pm

EVGN

Evogene has received a Notice of Allowance for a U.S. patent titled 'Biomarkers and Methods for Detection of Seizures and Epilepsy'. This patent could potentially strengthen the company's intellectual property portfolio and provide a competitive edge in the healthcare sector.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 6:04 pm

DIS

DKNG

GENI

MGM

PDYPY

PENN

The 2023 NFL season's opening week saw a 56% YoY surge in sportsbook logins and 1.1 million new customers. GeoComply Solutions recorded over 242 million geolocation transactions from customers at U.S. sportsbooks. The data could be positive for sportsbook companies like DraftKings, Flutter Entertainment's FanDuel, and BetMGM. Needham analyst Bernie McTernan rates DraftKings a Buy with a $44 price target. ESPN Bet platform from Penn Entertainment through a licensing deal with The Walt Disney Company is also expected to launch later this year. Genius Sports, the exclusive carrier of NFL games data, could also benefit from the increased activity.

Portfolio Pulse from Chris Katje

September 14, 2023 | 6:02 pm

BMY

Bristol-Myers Squibb & Co (NYSE:BMY) plans to double the number of treatments undergoing clinical trials in the next 18 months, focusing on targeted protein degradation and cell therapies. The company currently has six candidates in various trial phases and intends to advance an additional six in its research pipeline. Bristol-Myers Squibb is also expanding its manufacturing capacity and advancing multiple next-generation assets, including new targets.

Portfolio Pulse from Vandana Singh

September 14, 2023 | 5:53 pm

SHFS

Safe Harbor Financial (NASDAQ:SHFS) has originated a $3 million loan for a Washington-based organic THC-infused beverage company to fuel its expansion into the California market. Safe Harbor has been a pioneer in providing financial services to the regulated cannabis sector, including compliance, monitoring, and validation services.

Portfolio Pulse from Nicolás Jose Rodriguez

September 14, 2023 | 5:43 pm