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Marijuana stocks experienced significant movements on Friday, with Australis Capital and Green Growth Brands among the top gainers and losers, respectively. Notable gainers include GrowGeneration and Cara Therapeutics, while Greenlane Holdings and Urban-gro were among the notable losers.

Portfolio Pulse from Benzinga Insights

August 16, 2024 | 8:30 pm

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The CDC has issued a Health Alert Network Health Advisory due to an increase in Oropouche Virus Disease in the Americas, with over 8,000 cases and 2 deaths reported between January 1 and August 1, 2024. Affected countries include Brazil, Bolivia, Peru, Colombia, and Cuba. There are no specific antiviral treatments or vaccines available for the disease.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 8:28 pm

HRB

SPY

H&R Block (HRB) closed higher following strong earnings, while consumer sentiment slightly beat expectations. Additionally, Harris unveiled a new economic plan.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 8:26 pm

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Biohaven has filed with the SEC to offer and sell common shares worth up to $300 million from time to time.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 8:24 pm

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A federal judge has blocked a joint venture by Disney, Fox, and Warner Bros. Discovery to consolidate their sports licensing rights into a new streaming service, following an antitrust lawsuit by FuboTV. The court found that the venture would likely harm competition and potentially lead to FuboTV's bankruptcy.

Portfolio Pulse from Michael Cohen

August 16, 2024 | 8:23 pm

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Clearmind Medicine shares are trading higher following the announcement of an international patent submission in collaboration with the Yissum Research Development Company.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 8:22 pm

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Theriva Biologics shares are trading lower after the company announced a 1-for-25 reverse stock split.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 8:22 pm

TIRX

Tian Ruixiang Holdings (NASDAQ:TIRX) reported a significant decline in its financial performance for the first half of the year. The company posted a loss of $(2.68) per share, a 7.2% increase in losses compared to $(2.50) per share from the same period last year. Sales also plummeted by 75.40%, dropping to $178.34K from $724.86K year-over-year.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 8:17 pm

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Recent economic data has eased recession fears, reducing the likelihood of large rate cuts by the Federal Reserve and boosting investor confidence. The S&P 500 and Nasdaq 100 indices saw their strongest week since October 2023. Inflation is decelerating, jobless claims rose less than expected, and retail sales surged. Starbucks gained $15 billion in market value while Chipotle lost $7 billion following a CEO move. Walmart's earnings exceeded expectations, and Michael Burry increased his stakes in Chinese tech companies.

Portfolio Pulse from Piero Cingari

August 16, 2024 | 8:16 pm

TRUE

TrueCar has appointed Jill Angel as its new Chief Operating Officer (COO).

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 8:15 pm