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Regulatory

GOOG

GOOGL

The U.S. Justice Department is reportedly considering a rare bid to break up Alphabet Inc.'s Google, according to Bloomberg News.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 8:38 pm

TLRY

A new study reveals that cannabis users may experience better outcomes after heart attacks compared to non-users, challenging previous beliefs about cannabis and heart health. The study analyzed data from over 9 million patients and found that cannabis users had lower odds of severe complications and in-hospital mortality. The findings are particularly relevant as cannabis gains social acceptance and legal status. The study also aligns with evidence from Tilray Brands, Inc. (NASDAQ:TLRY) on the therapeutic benefits of cannabis.

Portfolio Pulse from Patricio Liddle

August 13, 2024 | 8:29 pm

WTO

UTime Limited (NASDAQ:WTO) has regained compliance with Nasdaq's minimum closing bid price rule, ensuring its ordinary shares maintain a minimum bid price of $1.00 per share.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 8:25 pm

GRAL

Trading halt status for GRAL was updated at 4:25 PM ET. The article mentions news and resumption times for the stock.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 8:25 pm

DGLY

Digital Ally, Inc. (DGLY) has been granted a U.S. patent for technology that tracks and analyzes drivers within a fleet of vehicles. This development could enhance their product offerings and market position.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 8:04 pm

MGRX

Mangoceuticals, Inc. (NASDAQ:MGRX) has received a Certificate of Grant for its respiratory illness and preventive care technology patent in India. The patent, originally applied for by Intramont Technologies, Inc., is valid for 20 years until March 16, 2040.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 8:03 pm

SMCI

Super Micro Computer, Inc. (NASDAQ:SMCI) shares surged by 5.09% following the release of softer-than-expected Producer Price Index (PPI) figures for July 2024. The PPI increased by just 0.1% month-over-month and 2.2% annually, both below forecasts. This data suggests easing inflationary pressures, increasing the likelihood of Federal Reserve rate cuts, which could benefit tech companies by reducing borrowing costs and encouraging investment.

Portfolio Pulse from Vaishali Prayag

August 13, 2024 | 8:00 pm

GRAL

Trading for GRAL was halted at 4:00:10 p.m. ET due to pending news.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 8:00 pm

CHWY

Chewy Inc. (NYSE:CHWY) is experiencing a stock price increase as part of a broader market rally driven by softer-than-expected July Producer Price Index (PPI) figures. The PPI data suggests easing inflationary pressures, which could lead to lower interest rates and boost consumer sentiment and spending. This is particularly beneficial for consumer-focused companies like Chewy.

Portfolio Pulse from Vaishali Prayag

August 13, 2024 | 7:51 pm

GLD

SPY

USO

Israeli Prime Minister Benjamin Netanyahu faces criticism for preventing a cease-fire with Hamas to maintain political support, while tensions with Iran escalate. The humanitarian situation in Gaza worsens, with thousands of displaced Palestinians lacking basic necessities. ETFs such as SPDR S&P 500 ETF Trust (SPY), SPDR Gold Shares (GLD), and United States Oil Fund (USO) show mixed performance amid the ongoing conflict.

Portfolio Pulse from Anthony Noto

August 13, 2024 | 7:31 pm