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NFLX

Netflix has discontinued its cheapest ad-free streaming plan in the U.S. and U.K., aiming to shift customers to its ad-supported package. The Basic plan, which offered a single stream for $9.99/month in the U.S. and £6.99/month in the U.K., is no longer available for new or rejoining members. The move is designed to boost customers on the ad-supported Standard With Ads plan, which was launched last November. Netflix is set to report Q2 2023 earnings soon, with analysts expecting a significant boost from its new paid-sharing program.

Portfolio Pulse from Happy Mohamed

July 19, 2023 | 2:10 pm

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MSFT

Microsoft and Activision Blizzard have extended their $69 billion takeover deal to October 18, with increased termination fees. Microsoft also announced Bing Chat Enterprise and Microsoft 365 Copilot pricing. Goldman Sachs' Q2 profits fell 60% due to tepid M&A activity. Carvana reported a Q2 sales decline of 23.6% but beat consensus estimates. General Motors anticipates increased EV production in H2. Johnson & Johnson has joined a legal battle against the US government over drug pricing negotiation. Spain has penalized Amazon and Apple for conspiring to limit competition in device sales.

Portfolio Pulse from Vandana Singh

July 19, 2023 | 2:10 pm

MBIO

MindBio Therapeutics Corp. has begun pre-screening participants for its phase 2 LSD-microdosing clinical trials. The trials will assess the treatment's effectiveness in patients with major depressive disorder over an 8-week period. Previous trials have shown positive results, including improved sleep quality and significant enhancements in feelings of wellness, creativity, happiness, social connectivity, and energy.

Portfolio Pulse from Vuk Zdinjak

July 19, 2023 | 2:07 pm

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Interactive Brokers (NASDAQ:IBKR) has announced access to the Taiwan Stock Exchange, allowing clients to trade Taiwanese stocks, ETFs and TDRs from a single platform. The move is expected to benefit investment managers with Asia-focused strategies and retail investors interested in Taiwan's emerging sectors. Trading costs for Taiwanese stocks are transparent and low, with commissions ranging from 0.03 – 0.08% of trade value plus third-party fees.

Portfolio Pulse from Happy Mohamed

July 19, 2023 | 2:02 pm

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iHeartMedia and LinkedIn have announced a strategic partnership to leverage their respective capabilities and introduce new offerings to the business podcast space. The partnership will include co-production of new professional podcasts, collaborations with existing leading industry shows, and enhanced resources for emerging voices. All podcasts on the LinkedIn Podcast Network will be distributed through iHeartPodcasts, on the iHeartRadio app, LinkedIn Newsletters, and all major podcast platforms.

Portfolio Pulse from Happy Mohamed

July 19, 2023 | 2:01 pm

MSFT

Microsoft has announced that it will make security logs available to customers with lower-cost cloud services. The company will also offer some cybersecurity tools for free following a suspected China hack, according to the Wall Street Journal.

Portfolio Pulse from Happy Mohamed

July 19, 2023 | 2:01 pm

EDBL

Edible Garden AG Incorporated (NASDAQ:EDBL) has launched GreenThumb 2.0, an enhanced version of its proprietary greenhouse management and demand planning system. The new system offers improved automation, dynamic forecasting abilities, and efficient use of real-time data. It also features an upgraded purchase order screen for seamless integration and consolidation of all purchase order data from Oracle's Netsuite platform. The system is designed to optimize processes, reduce costs, and provide real-time transparent access to data for all departments.

Portfolio Pulse from Happy Mohamed

July 19, 2023 | 1:47 pm

JXJT

JX Luxventure Limited (NASDAQ:JXJT) has announced a $1M agreement with Tianjin Baixing Pharmaceutical Wholesale Co., Ltd. to develop a medical ERP management platform incorporating ChatGPT type technology. The company has been exploring the use of artificial intelligence in its service project industry chain and believes this product will improve operational efficiency, service delivery, and simplify business processes.

Portfolio Pulse from Happy Mohamed

July 19, 2023 | 1:38 pm

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The article reports on recent leadership changes in the US cannabis industry. The Cannabis Regulators Association (CANNRA) has announced new leadership and expanded membership. Maryland Governor Wes Moore has made key appointments to two new cannabis-related agencies. Minnesota is preparing for marijuana legalization with the appointment of a new director for its regulatory agency. The Arkansas Medical Marijuana Commission has a new member. There have been board changes at Decibel Cannabis Company, High Tide Inc., Cresco Labs, Glass House Brands, and Craftport Cannabis Corp. Scotts Miracle-Gro Company has appointed a new board member. Unrivaled Brands, iAnthus Capital Holdings, PharmaCielo, and MedMen Enterprises have also made key appointments.

Portfolio Pulse from Jelena Martinovic

July 19, 2023 | 1:29 pm

NFLX

Netflix Inc. (NASDAQ:NFLX) has discontinued its cheapest ad-free plan in the US, leaving only three subscription tiers available. The 'Basic' plan, previously priced at $9.99 per month, is no longer available for subscription. New or rejoining subscribers now have to choose between the ad-supported plan or the more expensive 'Standard' and 'Premium' plans, starting at $15.49 per month. This move is not surprising as Netflix has been encouraging new users to subscribe to the ad-supported plan or the more expensive plans since January.

Portfolio Pulse from Rounak Jain

July 19, 2023 | 1:27 pm