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FLHLF

Filament Health (OTCQB:FLHLF) will supply psilocybin for two clinical studies funded by the Canadian Institutes of Health Research. The company will donate its pharma-grade botanical psilocybin drug candidate PEX010 for the trials. Filament has also entered into an exclusive global licensing agreement with NeoLumina Bioscience for PEX010 and its associated IP to be developed for eating disorders. Filament will receive milestone payments and future commercial royalties on a percentage of net sales.

Portfolio Pulse from Lara Goldstein

July 07, 2023 | 7:51 pm

BONEUSD

SHIBUSD

Shibarium, a project by Shiba Inu (CRYPTO: SHIB), is set to go live in August. The initiative aims to create a decentralized community leveraging blockchain technology. The project's structure is backed by Shib projects and the ShibArmy. The official launch will take place at the Blockchain Futurist Conference in August. The Shiba Inu ecosystem will introduce the Doggy DAO, which will govern the entire ecosystem, and the Shib Doggy DAO Foundation, which will manage the assets held by the DAO.

Portfolio Pulse from Murtuza Merchant

July 07, 2023 | 7:44 pm

EA

Electronic Arts Inc. (NASDAQ:EA) has announced that its NBA 2K24's special editions will feature basketball icon, Kobe Bryant, as its cover star. The announcement has generated significant excitement among fans. This decision reflects NBA 2K's approach to honoring basketball legends. Pre-orders for the game will be available starting tomorrow.

Portfolio Pulse from Franca Quarneti

July 07, 2023 | 7:13 pm

STGW

Needham analyst Laura Martin reiterated a Buy rating and a $10 price target for Stagwell Inc (NASDAQ:STGW). On July 20, Needham will host a deep dive into five new products of STGW's Marketing Cloud, which are expected to drive revenue growth over the next 12-24 months. The products include Harris Brand Platform, PRophet, Koalifyed, Media Studios, and ARound.

Portfolio Pulse from Anusuya Lahiri

July 07, 2023 | 6:24 pm

BUD

Anheuser-Busch Inbev (NYSE:BUD) stock is showing signs of reversal despite ongoing protests against its brand and heavy discounting of its Bud Light beer by retailers. The stock has fallen about 16% since the controversy began on April 1. However, the stock's recent less volatile behavior and an inside bar trading pattern suggest a potential short-term bullish trend.

Portfolio Pulse from Melanie Schaffer

July 07, 2023 | 6:16 pm

NCBDF

SGAMY

SQNXF

Sega Corp. is reconsidering its blockchain gaming strategy due to the recent downturn in the global cryptocurrency market. The company will no longer allow its flagship franchises to be used in third-party blockchain gaming projects. However, Sega will continue to invest in blockchain-related ventures and will offer its lesser-known franchises to upcoming blockchain games. Other gaming companies like Square Enix Holdings Co., Ltd. and Bandai Namco Entertainment Inc had also previously embraced blockchain technology.

Portfolio Pulse from Franca Quarneti

July 07, 2023 | 6:00 pm

FSR

Fisker Inc (NYSE:FSR) reported lower-than-expected Q2 2023 vehicle production volumes due to supply shortages, producing 1,022 Fisker Ocean SUVs instead of the targeted 1,400-1,700. However, the company surpassed its targeted assembly rate of 80 units daily and expects production to exceed 1,400 in early July. Fisker plans to boost battery pack capacity to protect the manufacturing timeline and reach higher volumes next year. FSR shares are trading higher by 6.1%.

Portfolio Pulse from Lekha Gupta

July 07, 2023 | 5:41 pm

DIS

IHRT

NKE

Actress Danielle Fishel, known for her role as Topanga in the 90s TV series “Boy Meets World,” revealed her sneaker collection on TikTok, showing a preference for Nike (NYSE:NKE) shoes, particularly the Jordan brand. Fishel currently hosts the “Pod Meets World” podcast on IHeart Radio, a unit of iHeart Media (NASDAQ:IHRT). The original TV series aired on ABC, owned by The Walt Disney Company (NYSE:DIS).

Portfolio Pulse from Chris Katje

July 07, 2023 | 5:39 pm

BIIB

ESALY

The FDA has approved a supplemental marketing application for Biogen Inc (NASDAQ:BIIB) and Eisai Co Ltd's (OTC:ESALY) Leqembi, the first approved treatment shown to reduce the rate of disease progression in adults with Alzheimer's disease. Concurrently, CMS confirmed broader Medicare coverage for Leqembi. Analysts from William Blair, Raymond James, Oppenheimer, and Needham provided their perspectives on the development, with a general consensus that the approval and expanded coverage may not significantly change the outlook for Leqembi.

Portfolio Pulse from Vandana Singh

July 07, 2023 | 5:25 pm

CMCSA

MCD

META

NFLX

NWSA

TRI

Meta Platforms Inc (NASDAQ:META) launched Threads, a platform similar to Twitter, which is gaining attention and followers. A study by WebsitePlanet found that despite its recent launch, Threads is outpacing Twitter in terms of likes and engagement. Brands like Red Bull and Netflix Inc (NASDAQ:NFLX) are seeing higher engagement on Threads than on Twitter. However, Twitter still has a larger user base due to its 15-year tenure.

Portfolio Pulse from AJ Fabino

July 07, 2023 | 4:53 pm