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NVO

A recent study partially financed by Novo Nordisk suggests that the company's weight loss injection, Wegovy, could prevent 1.5 million heart attacks and strokes over 10 years. The study also found that Wegovy could result in 43 million fewer Americans with obesity over the same period. These findings support the initial data from Novo Nordisk's clinical trial, which found that Wegovy reduced the risk of serious heart issues and heart-related death by 20%.

Portfolio Pulse from Benzinga Neuro

August 17, 2023 | 3:33 am

NVDA

Former Treasury Secretary Larry Summers has expressed concerns about the U.S. becoming a target for China’s mounting frustrations due to ongoing trade tensions and strategic moves by the U.S. to counter China's influence. The U.S. has been trying to weaken China’s semiconductor industry, posing potential threats to major chipmakers like Nvidia Corporation (NASDAQ:NVDA).

Portfolio Pulse from Benzinga Neuro

August 17, 2023 | 3:10 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin have experienced a drop in value due to a slump in trading activity. This comes as the SEC is evaluating applications for spot BTC ETFs. Stocks also took a downturn as investors processed potential rising interest rates from the Federal Reserve's July meeting. Analysts predict a potential surge in Bitcoin's price if the right fundamentals align, such as the approval of a spot Bitcoin ETF.

Portfolio Pulse from Mehab Qureshi

August 17, 2023 | 3:04 am

AHI

Advanced Health Intelligence Ltd (NASDAQ:AHI) has successfully obtained eligibility for a 43.5% reimbursement of approved expenditures incurred abroad for overseas R&D under the Australian Government Research and Development Tax Incentive Scheme. This follows the company's acquisitions of Vertica Health and wellteq Digital Health Inc. in 2022, which expanded its global development team across the US, Singapore, South Africa, and Netherlands.

Portfolio Pulse from Charles Gross

August 16, 2023 | 11:09 pm

AAPL

Apple Inc. is facing significant legal developments. The US Court of Appeals for the 9th Circuit has approved payments for a class action lawsuit against Apple, alleging that the company intentionally reduced the performance of iPhones with older batteries. Apple agreed to pay between $310 million to $500 million in a settlement reached in March 2020. In the UK, Apple has expressed concerns over the Online Safety Bill, which mandates tech companies to provide backdoor access, potentially compromising encryption. Apple indicated a preference to withdraw services like FaceTime and iMessage from the UK rather than compromise their security.

Portfolio Pulse from Mohit Manghnani

August 16, 2023 | 10:53 pm

LOVE

Lovesac (LOVE) has announced that its financial statements for FY 2023, included in the annual report on Form 10-K for the fiscal year ended January 29, 2023, should no longer be relied upon.

Portfolio Pulse from Charles Gross

August 16, 2023 | 9:02 pm

TSLA

California is increasing the incentives for low- and moderate-income consumers to purchase electric vehicles, adding an additional $2,000 in credits. This could result in total savings of $17,000 or more for qualifying residents. Tesla Inc (NASDAQ:TSLA) is among the companies that could benefit from these increased incentives.

Portfolio Pulse from Chris Katje

August 16, 2023 | 9:01 pm

FSLR

ICLN

PAVE

TSLA

President Joe Biden celebrated the first anniversary of the Inflation Reduction Act (IRA), emphasizing its role in job creation, climate change mitigation, and deficit reduction. Biden attributed the decline in inflation to the IRA's success in reinvesting in America. He also highlighted the IRA's role in repositioning the U.S. in the global clean energy landscape, with ambitious goals for solar and wind power. Companies like Tesla Inc and First Solar Inc, as well as ETFs like the Global X U.S. Infrastructure Development ETF and iShares Global Clean Energy ETF, could benefit from these policies.

Portfolio Pulse from AJ Fabino

August 16, 2023 | 8:54 pm

QQQ

SPY

The July FOMC minutes reveal a divergence of views among Federal Reserve officials, with a majority emphasizing the presence of significant upside risks to inflation, potentially requiring further tightening of monetary policy. This led to a surge in the U.S. dollar and a rise in Treasury yields, while stocks stumbled. Economists suggest that the Fed might raise rates by a quarter-point in the last quarter if the economy keeps growing and wages remain elevated. The SPDR S&P 500 ETF Trust (SPY) and the Invesco QQQ Trust (QQQ) both closed lower.

Portfolio Pulse from Piero Cingari

August 16, 2023 | 8:53 pm