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WMT

XOM

Walmart+ is partnering with Exxon Mobil to double the fuel discount for Walmart+ members at Exxon and Mobil stations nationwide, from 10 cents to 20 cents off every gallon of gas. The increased discount will be available from August 15 to September 15 at about 12,000 participating stations. This move comes as a response to fluctuating gas prices and is aimed at providing relief to members during the busy travel holiday weekend.

Portfolio Pulse from Happy Mohamed

August 15, 2023 | 2:48 pm

USDC-USD

Decentralized marketplace Archblock has launched a tokenized U.S. Treasury Bills fund on its platform. The fund, managed by Adapt3r Digital LLC, aims to provide global USDC holders and on-chain investors with liquidity and access to short-term U.S. Treasury Bill yields. Archblock's CIO, Bill Wolf, highlighted the advantages of blockchain in asset management and emphasized the company's mission to simplify asset management.

Portfolio Pulse from Murtuza Merchant

August 15, 2023 | 2:39 pm

JXJT

JX Luxventure Limited (NASDAQ:JXJT) announced a new collaboration with Hainan Airlines for air-ticket sales. The agreement allows JX Luxventure's subsidiary, Beijing Heyang International Travel Agency, to procure and distribute domestic and international air tickets from Hainan Airlines. The partnership will also leverage JX Luxventure's ChatGPT-type technology to promote business operations.

Portfolio Pulse from Happy Mohamed

August 15, 2023 | 2:38 pm

AAPL

SHOP

Russ Maschmeyer, a designer and innovation lead at Shopify, has tweeted about exploring spatial commerce opportunities with Vision Pro. He mentioned the possibility of pulling product demos from the webpage into the room.

Portfolio Pulse from Happy Mohamed

August 15, 2023 | 2:21 pm

DCTH

DSGN

FXLV

GLTO

NVOS

SYTA

US stocks traded lower with the Dow Jones falling over 200 points. Retail sales in the US rose 0.7% MoM in July, beating market expectations of 0.4% growth. Shares of Delcath Systems, Novo Integrated Sciences, and Siyata Mobile rose significantly after positive news. However, shares of F45 Training Holdings, Design Therapeutics, and Galecto fell sharply due to negative developments.

Portfolio Pulse from Lisa Levin

August 15, 2023 | 2:01 pm

AMZN

CAH

EXPGY

FSLR

PFE

PHG

RYAAY

TME

TWOA

Home Depot reported a 2% YoY sales decline in Q2 FY23, beating analyst consensus. Philips is recalling several ventilators due to dust and dirt issues, classified as 'most serious' by the FDA. Tencent Music reported a 5.5% YoY revenue growth in Q2, missing consensus. Cardinal Health reported a 48% YoY increase in Q4 FY23 adjusted EPS, beating consensus. Pfizer received FDA approval for its blood cancer therapy. LatAm Logistic Properties is going public via a $578M SPAC merger. Experian was charged by the FTC for spamming consumers. Amazon's Devices Chief, David Limp, announced his retirement. First Solar's internal audit revealed instances of forced labor in its Malaysian operations. Ryanair expects to exceed its monthly passenger record in August.

Portfolio Pulse from Vandana Singh

August 15, 2023 | 1:59 pm

CGC

CRON

STZ

Cannabis use among ages 21-29 has increased by 55% since 2010, while alcohol use has decreased by 11%. Aaron Grey of Alliance Global Partners sees this as a multi-decade growth opportunity for the cannabis industry, predicting a $100 billion market potential upon full legalization. Major companies like Altria and Constellation Brands are exploring opportunities in the cannabis sector, with investments in Cronos Group and Canopy Growth Corp respectively.

Portfolio Pulse from Javier Hasse

August 15, 2023 | 1:55 pm

ATXG

Addentax Group Corp. (NASDAQ:ATXG) has announced significant progress in its AI Online Operational Tools project, in collaboration with Games-as-a-Service firms. The company is in discussions with three venture capital firms and is negotiating a partnership with a US-based online gaming enterprise. The AI project is set to launch its prototype in September 2023.

Portfolio Pulse from Happy Mohamed

August 15, 2023 | 1:46 pm

MEIP

MEI Pharma has been granted U.S. Patent #11723893 for isoflavonoid compositions and methods for the treatment of cancer. This could potentially strengthen the company's intellectual property portfolio and provide a competitive edge in the oncology market.

Portfolio Pulse from Charles Gross

August 15, 2023 | 1:40 pm

GLTO

Galecto Inc (NASDAQ:GLTO) announced that its Phase 2b GALACTIC-1 trial for inhaled GB0139 for idiopathic pulmonary fibrosis (IPF) did not meet its primary endpoint. The company plans to discontinue the development of GB0139 and will focus on severe liver diseases. Galecto plans to initiate Phase 2a GULLIVER-3 trial evaluating GB1211 in patients with decompensated NASH cirrhosis in early 2024. GLTO shares are down 57.30% at $1.00.

Portfolio Pulse from Vandana Singh

August 15, 2023 | 1:39 pm