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APPN

PEGA

A Virginia judge has reversed the $2 billion verdict previously awarded to Appian Corporation (APPN) over Pegasystems Inc. (PEGA), stating that there was insufficient evidence that Pega misappropriated any trade secrets.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 3:16 pm

AMD

MRK

MSFT

PYPL

Merck beats Q2 revenue and EPS estimates but falls on guidance cut. PayPal rises on strong earnings. Microsoft and AMD to report earnings after market close.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 3:16 pm

ADM

Archer-Daniels-Midland (NYSE:ADM) shares dropped after the company reported Q2 earnings per share of $1.03, missing the analyst consensus of $1.22. Quarterly sales also missed expectations, coming in at $22.248 billion versus the expected $23.177 billion. Despite the miss, CEO Juan Luciano expressed optimism about margin improvements for the rest of the year. ADM reaffirmed its FY24 adjusted EPS guidance of $5.25 – $6.25.

Portfolio Pulse from Nabaparna Bhattacharya

July 30, 2024 | 3:16 pm

AAPL

AMZN

DIS

NFLX

Amazon is challenging Netflix by offering cheaper ad slots on its Prime Video platform, which could generate over $5 billion in high-margin advertising revenue. This move has forced competitors to lower their prices. Amazon and Netflix each hold a 22% share of the U.S. SVOD market.

Portfolio Pulse from Anusuya Lahiri

July 30, 2024 | 3:09 pm

COLL

Collegium Pharmaceutical shares are trading higher after HC Wainwright & Co upgraded the stock from Neutral to Buy and announced a price target of $47.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 3:08 pm

GOOGL

MSFT

The UK's antitrust watchdog is scrutinizing Alphabet's partnership with AI startup Anthropic, focusing on its impact on competition. The CMA is seeking views on the partnership and will decide on an official investigation by August 13. Alphabet has invested $500 million in Anthropic, with a promise of $1.5 billion more over time. Anthropic uses Alphabet's Google Cloud services.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 3:07 pm

EWJ

SPY

The Bank of Japan (BOJ) board members are reportedly discussing raising interest rates to 0.25%, according to NHK. This potential rate hike could have significant implications for financial markets.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 3:05 pm

PFE

Pfizer announced that it expects to have dose data for its obesity pill by March 2025, as revealed during a conference call.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 3:04 pm

SBUX

Starbucks Corp.'s mobile app experienced an outage on Tuesday morning, affecting about 1,400 users in major cities like New York, Chicago, and Atlanta. The outage occurred ahead of a Buy One, Get One deal, causing inconvenience for customers. Starbucks has not yet commented on the issue.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 3:04 pm

NEARUSD

NEAR Protocol's price has decreased by 3.75% in the past 24 hours to $5.21, continuing a week-long downward trend of -12.0%. Trading volume has decreased by 26.0% over the past week, while the circulating supply has increased by 0.21%. NEAR Protocol's market cap is currently ranked #19 at $5.77 billion.

Portfolio Pulse from Benzinga Insights

July 30, 2024 | 3:03 pm