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NIO

TSLA

NIO Inc's shares are trading lower, adding to heavy losses for the week. The stock is facing selling pressure after Tesla Inc slashed prices of its Model Y vehicle by more than $1,900 in China. Lower Tesla prices are increasing pressure on competing EV makers to stay competitive on cost. Nio announced it will report its second-quarter financial results on Aug. 29. Nio shares are down more than 12% over the last five trading sessions, but still up approximately 21% year-to-date.

Portfolio Pulse from Adam Eckert

August 16, 2023 | 1:06 pm

WINT

Windtree Therapeutics, Inc. (NASDAQ:WINT) is developing istaroxime, a treatment for acute heart failure and cardiogenic shock, and is advancing to the next stage of development after three successful phase 2 trials. The company is also developing a next-generation drug platform based on SERCA2a activators. Windtree recently raised $12.4 million in a public stock offering and received a patent allowance from the USPTO for its dual mechanism SERCA2a activators. The company's Q1 2023 R&D expenses were $1.5 million, down from $5.3 million in Q1 2022.

Portfolio Pulse from Happy Mohamed

August 16, 2023 | 1:05 pm

TIVC

Tivic Health has begun enrollment for a study on a novel non-invasive bioelectronic approach to vagus nerve stimulation. The study is funded by Tivic Health itself.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 1:02 pm

BTCUSD

COIN

ETHUSD

Cryptocurrency exchange Coinbase Global Inc (NASDAQ:COIN) has received approval to offer federally regulated crypto futures trading to eligible customers in the US. The approval comes after the company's application to the National Futures Association in September 2021. The move will allow Coinbase to tap into the global crypto derivatives market, which accounts for approximately 75% of crypto trading volume worldwide.

Portfolio Pulse from Murtuza Merchant

August 16, 2023 | 12:50 pm

ATVI

EA

MSFT

SONY

TTWO

The video game industry is experiencing a shift in revenue generation channels, with a surge in popularity and financial contribution of virtual in-game goods and subscription services like Microsoft's Game Pass. Gamers are expected to spend nearly $21 billion on in-game items and subscription services this year. This shift is causing challenges for console creators, developers, and publishers like Sony, which relies heavily on exclusive premium titles for its PlayStation 5 console. Major console publishers, including Activision Blizzard, Take-Two Interactive Software, and Electronic Arts, are recalibrating their strategies to adapt to this trend.

Portfolio Pulse from Anusuya Lahiri

August 16, 2023 | 12:46 pm

GM

General Motors (GM) has invested in Mitra Chem, an AI-enabled battery materials innovator, as part of a Series B funding round. The investment is aimed at commercializing GM's EV battery production and reducing prices. GM plans to co-develop iron-based cathodes and additional cell chemistries with Mitra Chem. The startup will assist GM in developing lithium manganese iron phosphate (LMFP) cells and lithium iron phosphate (LFP) cells. The investment will also help Mitra Chem scale its operations and speed up the entry of its battery materials formulation into the market.

Portfolio Pulse from Happy Mohamed

August 16, 2023 | 12:40 pm

MAT

TGT

Target's executive has stated that product lines for Barbie and The Little Mermaid movie have allowed the company to gain a 30%-60% market share with licenses for toys, apparel, and beauty in Q2. The company's traffic and top-line trends were affected by the reaction to their Pride assortment, which was launched in the middle of May.

Portfolio Pulse from Happy Mohamed

August 16, 2023 | 12:39 pm

ENTX

Entera Bio will present two abstracts on its once-daily oral hPTH(1-34) peptide tablets (EB613) for the treatment of post-menopausal women at high risk of fracture at the American Society for Bone and Mineral Research Annual Meeting.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 12:35 pm

ZIVO

Zivo Bioscience, Inc. (NASDAQ:ZIVO) announced that ZWorldwide, an independent distributor with exclusive rights to the Zivolife product in North America, will purchase the entire supply of Zivolife produced for the first 18 months. ZWorldwide has also committed to purchasing at least 24,000 kilograms of product for each of the next five years. ZIVO is working with Alimenta Algae to increase production volumes and expects to have significantly expanded production capacity fully operational in 2025.

Portfolio Pulse from Happy Mohamed

August 16, 2023 | 12:34 pm

SOPA

Society Pass Incorporated (NASDAQ:SOPA) has officially launched its digital advertising platform, Thoughtful Media Group Inc (TMG), in the Philippines. TMG has expanded its ecosystem of multi-platform advertising services through a network of more than 10,000 creators across Southeast Asia. The Philippines market offers a significant value proposition to advertisers, merchants, and influencers in Southeast Asia's fourth largest economy. The Philippines creator economy is experiencing a dynamic surge, driven by a tech-savvy population and widespread internet access.

Portfolio Pulse from Happy Mohamed

August 16, 2023 | 12:33 pm