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RDHL

Redhill Biopharma Ltd. (NASDAQ:RDHL) stock has surged approximately 700% over the last five days following the FDA's grant of five years' market exclusivity for its drug, Talicia, in addition to three years' exclusivity for the drug's approval. Talicia, a therapy for H. pylori infection, is protected by intellectual property until 2034. RDHL's trading volume has significantly exceeded its 100-day average, with over 67 million shares traded in a session. The stock is currently trading above its 50-day moving average but below its 52-week high.

Portfolio Pulse from Erica Kollmann

November 29, 2023 | 5:39 pm

SONY

Sony Group Corp.'s PlayStation exclusive Marvel's Spider-Man 2, released on Oct. 20, had significant content cuts before launch, particularly scenes involving Venom. Voice actor Tony Todd revealed at Fan Expo 2023 that only about 10% of his recorded Venom dialogue was used in the final game. Despite this, the game has been successful, becoming the fastest-selling PlayStation Studios game on PS5. The cuts hint at potential future DLC or sequels involving Venom.

Portfolio Pulse from Franca Quarneti

November 29, 2023 | 5:34 pm

AYURF

Ayurcann Holdings Corp (OTCQB:AYURF), a Canadian cannabis extraction company, reported a significant increase in net revenue for Q1 2024, reaching CA$6.5 million, compared to CA$2 million in the same period last year. The company also reported a reduced net loss of CA$180 thousand and a substantial increase in gross profit to CA$2.3 million. Ayurcann's gross revenue surged by 249% to CA$11.9 million, maintaining a gross margin of 35%. The company's cash reserves improved, and it is entering the infused pre-roll sector, with the CEO expressing confidence in gaining market share.

Portfolio Pulse from Patricio Liddle

November 29, 2023 | 5:31 pm

CART

CMCSA

Instacart (Maplebear Inc.) announced that its Instacart+ members in the U.S. now have access to Peacock Premium at no additional cost. Peacock is NBCUniversal's streaming service, which is a subsidiary of Comcast Corporation. The partnership includes a custom spot featuring content from Peacock, and it comes at a time when TV viewing and grocery delivery peak during the holiday season. Instacart's stock (CART) rose by 2.36% to $26.06 following the news.

Portfolio Pulse from Nabaparna Bhattacharya

November 29, 2023 | 5:25 pm

BTCUSD

ETHUSD

NDX

RTY

SOLUSD

SPX

Raoul Pal, a former Goldman Sachs executive, shared his insights on the business cycle's impact on asset classes, including cryptocurrencies. He indicated that current ISM levels suggest low GDP growth, affecting cyclical stocks, the Russell 2000 (RTY), and commodities. However, his lead indicator for ISM is rising, which is typically beneficial for the S&P 500 (SPX). Pal predicts a strong year in 2024 for growth assets like the NASDAQ (NDX) and cryptocurrencies, with a focus on established cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). He warns of the risks associated with trading altcoins outside the top 10.

Portfolio Pulse from Murtuza Merchant

November 29, 2023 | 5:14 pm

NFLX

TTWO

Netflix announced that 'Grand Theft Auto: The Trilogy – The Definitive Edition' will be available on its platform for mobile users starting December 14, at no additional charge. The games, developed by Rockstar Games, a subsidiary of Take-Two Interactive, include 'Grand Theft Auto III,' 'Vice City,' and 'San Andreas.' This move is part of Netflix's strategy to enhance its service value by including games without extra fees, ads, or in-app purchases. The addition is expected to boost customer engagement, which aligns with Netflix's ambitious plans to significantly grow engagement over the next few years. The games join over 80 mobile games on Netflix, including several based on its original series and films.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 5:11 pm

AMZN

MSFT

Amazon has introduced its new AI chip, Trainium2, challenging Microsoft's recent introduction of its own AI chip, Maia. Despite this competition, Microsoft's stock (MSFT) has seen significant growth, up 57% year-to-date and over 900% in the past decade. The stock closed at $382.70, up by 1.10% after the closing bell on November 28.

Portfolio Pulse from Zaheer Anwari

November 29, 2023 | 5:09 pm

BBY

DASH

DoorDash, Inc. (NASDAQ:DASH) has partnered with Best Buy Co., Inc. (NYSE:BBY) to offer on-demand delivery of electronics from Best Buy locations nationwide through the DoorDash marketplace app. This partnership marks DoorDash's expansion into new categories beyond restaurants. Best Buy is the first national consumer electronics retailer on DoorDash's platform. The service includes a wide range of products and is also available to DashPass members, with the holiday season expected to boost consumer interest in tech gift shopping.

Portfolio Pulse from Nabaparna Bhattacharya

November 29, 2023 | 5:07 pm

BIVI

FLNC

FTCH

ROVR

SEEL

VVOS

U.S. stocks traded higher, with the Dow Jones, NASDAQ, and S&P 500 all seeing gains. Real estate shares led the market, while communication services lagged. Crude oil inventories rose less than in the previous period, contrary to market expectations of a decline. Vivos Therapeutics' shares surged after FDA clearance for its sleep apnea treatment. Rover Group's stock spiked following the announcement of its acquisition by Blackstone. Fluence Energy's shares increased after reporting Q4 results and FY24 revenue guidance. BioVie, Seelos Therapeutics, and Farfetch saw significant share price drops due to negative trial results, a public offering, and a delay in financial results, respectively.

Portfolio Pulse from Lisa Levin

November 29, 2023 | 5:05 pm

CPHI

China Pharma Holdings' stock is trading higher following the announcement that its Dry Eye Disease therapeutic device has successfully passed third-party testing. The company is now preparing to submit an application for market launch to the National Medical Products Administration of China.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 5:02 pm