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Canaccord Genuity's 7th Annual Cannabis Conference in New York featured presentations from top cannabis companies, including 4Front Ventures, Ascend Wellness, Tilray, Trulieve, Verano Holdings, Sundial, and TerrAscend. Key themes included core operations, free cash flow targets, consumer spending, balance sheets, and federal legalization.

Portfolio Pulse from Maureen Meehan

May 23, 2023 | 9:36 pm

GOOGL

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TSLA

Elon Musk expressed optimism towards Twitter's $44 billion acquisition and its potential for a comeback, emphasizing an overhaul in advertising relevancy. He also discussed the broader integration of the X app, combining messaging, finance, and other services. Musk addressed space travel, cryptocurrency, and the global AI race, giving the US the lead, followed by China and Europe.

Portfolio Pulse from AJ Fabino

May 23, 2023 | 9:31 pm

AZN

The FDA has approved a new treatment for pneumonia caused by certain difficult-to-treat bacteria. AstraZeneca's (AZN) new drug has the potential to address unmet medical needs.

Portfolio Pulse from Charles Gross

May 23, 2023 | 9:19 pm

DIS

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WBD

LeBron James hinted at potential retirement before the start of the 2023-2024 NBA season, which could impact the Los Angeles Lakers' odds to win the championship. The Lakers' playoff performance generated huge TV ratings for Walt Disney Co (NYSE:DIS) and Warner Bros. Discovery Inc (NASDAQ:WBD). DraftKings Inc (NASDAQ:DKNG) lists the Lakers' odds for the 2023-2024 season at +1000.

Portfolio Pulse from Chris Katje

May 23, 2023 | 9:14 pm

DIS

PARA

Jon Taffer, star of Paramount Global's 'Bar Rescue,' praised Walt Disney Co for its mastery in creating consumer reactions during a speech at VeeCon. He emphasized the importance of focusing on consumer reactions rather than just building the best products.

Portfolio Pulse from Adam Eckert

May 23, 2023 | 9:00 pm

TTWO

Take-Two Interactive Software CEO Strauss Zelnick stated that the company has not faced significant backlash regarding the new $70 price point for its video games. Other industry giants such as Sony, Activision Blizzard, Electronic Arts, Square Enix Holdings, Microsoft, and Nintendo have also adopted this pricing strategy.

Portfolio Pulse from Franca Quarneti

May 23, 2023 | 8:54 pm

PTCT

PTC Therapeutics announced that its MOVE-FA trial of vatiquinone did not meet its primary endpoint, leading to a decline in its share price. The company will also discontinue its preclinical and early research gene therapy programs.

Portfolio Pulse from Bill Haddad

May 23, 2023 | 8:39 pm

NFLX

Netflix announced its crackdown on password sharing outside of households in the United States. The company is rolling out new features to help members transition, including transferring profiles to new membership accounts and adding an extra member for $7.99 a month. Netflix shares closed Tuesday down 1.93% at $355.99.

Portfolio Pulse from Adam Eckert

May 23, 2023 | 8:30 pm

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SPY

The CMS announced a new HHS proposal aimed at increasing transparency on prescription drug costs and saving money for states and the federal government in Medicaid. The proposal includes steps to further drive down drug costs in the program.

Portfolio Pulse from Bill Haddad

May 23, 2023 | 8:24 pm

KRYS

OPCH

Option Care Health (OPCH) has been selected by Krystal Biotech (KRYS) as part of a limited distribution specialty pharmacy network for VYJUVEK, an FDA-approved topical treatment for Dystrophic Epidermolysis Bullosa (DEB). Option Care Health will collaborate with Amedisys to administer the treatment in home settings.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2023 | 8:22 pm