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The Washington Post has joined Apple Inc. and Walt Disney Co. in pulling ads from X, a platform associated with Elon Musk, due to his endorsement of a debunked anti-Semitic conspiracy theory. This could result in a revenue loss of over $75 million for X. Other companies like Warner Bros. Discovery and IBM have also withdrawn their ads. Despite the controversy, Musk remains committed to his principles. X is facing a defamation lawsuit from Media Matters over allegations of ads being displayed next to pro-Nazi content.

Portfolio Pulse from Rounak Jain

November 29, 2023 | 7:11 am

ADXN

Addex Therapeutics (NASDAQ:ADXN) experienced a decrease in Q3 sales to $370.87K, down 13.89% from $430.68K YoY. The company also reported a net loss of $2.96M, an improvement from a net loss of $4.65M YoY. Cash and cash equivalents fell to CHF 4.8M from CHF 10.4M the previous year.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 6:19 am

General Motors Co (GM) is reportedly reducing funding for its self-driving unit, Cruise, following a pedestrian injury incident. This decision may impact GM's long-term revenue targets, which include income from self-driving technology. Cruise has faced safety concerns and regulatory challenges, leading to a suspension of operations. Despite a recent EBIT-adjusted loss, Cruise plans to relaunch operations in one city to rebuild trust and scale up gradually.

Portfolio Pulse from Anan Ashraf

November 29, 2023 | 3:33 am

BTCUSD

DOGEUSD

ETHUSD

Cryptocurrencies Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE) rose after Federal Reserve Governor Chris Waller's dovish remarks, suggesting a potential for rate cuts if inflation continues to decline. Waller's comments, indicating a moderating economic pace and favorable inflation trends, have fueled optimism in the markets, leading to a rise in stocks and a dip in U.S. Treasury yields. Analysts predict a 'Santa Claus Rally' that may push Bitcoin beyond $40K, while on-chain data shows profit-taking in Bitcoin and an increase in Dogecoin wallets.

Portfolio Pulse from Mehab Qureshi

November 29, 2023 | 2:58 am

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CMCSA

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Taylor Swift's 'Eras Tour' concert film, which has been successful at the box office, will be available for on-demand streaming starting December 13, coinciding with her birthday. The film will feature three additional songs not included in the theatrical release. It will be available on platforms such as AppleTV, Prime Video, Xfinity, Google Play, and YouTube. The film has grossed nearly $250 million worldwide, and there is speculation about which platform will eventually stream it for free to subscribers.

Portfolio Pulse from Chris Katje

November 28, 2023 | 11:29 pm

XSHLF

XS Financial Inc., a specialty finance company serving the U.S. cannabis industry, reported a strong Q3 performance with a 41% YoY increase in revenue and a 56% YoY increase in gross lease receivables. Despite these gains, the company experienced a net loss of $2.99 million, attributed to non-cash losses. Operational highlights include closing 16 new lease transactions. The CEO highlighted a focus on growth and a strong liquidity position with $21.4 million available for drawdown. Shares of XSHLF surged 34.29% to $0.047.

Portfolio Pulse from Joana Scopel

November 28, 2023 | 11:16 pm

AAPL

BRK

Charles 'Charlie' Munger, Warren Buffett's partner at Berkshire Hathaway, has passed away at 99. Buffett praised Munger's role in building Berkshire Hathaway. Munger was vice chairman and a major shareholder, with holdings worth $2.1 billion. Under their leadership, Berkshire Hathaway outperformed the S&P 500 with an average annual gain of 20.1% from 1965 to 2021. Munger's investment strategies, including the 'Lollapalooza effect' and focus on great companies at decent prices, were highlighted, with Apple Inc. being a notable investment. The investment community mourns his loss, recognizing his contributions to finance and investing.

Portfolio Pulse from Piero Cingari

November 28, 2023 | 10:58 pm

FLNC

Fluence Energy reported a Q4 EPS of $0.02 and sales of $672.98M, which is an increase from $441.98M in the same quarter last year.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 10:25 pm

Unity Software is planning to close corporate offices in approximately 14 locations as part of its evaluation of its real estate footprint. The company will also recognize deferred revenue and additional consideration of approximately $114 million in connection with amendments to its agreements with WETA FX, as disclosed in an 8-K filing.

Portfolio Pulse from Charles Gross

November 28, 2023 | 10:13 pm

OLMA

Olema Oncology announced it will present new clinical data on Palazestrant in combination with CDK4/6 inhibitors at the 2023 San Antonio Breast Cancer Symposium. This could indicate progress in their treatment development for breast cancer.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 10:11 pm