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GOOG

GOOGL

The recent crash of CrowdStrike's stock was a significant factor in the failure of acquisition talks between Google and Wiz, according to sources cited by Bloomberg.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 7:19 pm

AMZN

Amazon shares are trading higher following reports of significant changes in its Echo devices business strategy and broader company initiatives. The company plans to introduce a paid tier for Alexa and integrate conversational generative AI into the device. Analysts remain optimistic about Amazon's future, maintaining high price targets.

Portfolio Pulse from Vaishali Prayag

July 23, 2024 | 7:18 pm

DIS

Isaac 'Ike' Perlmutter, former Marvel Entertainment executive and one of Disney's largest independent shareholders, has sold his entire stake in Disney following a proxy fight loss. Perlmutter had previously joined forces with activist investor Nelson Peltz in an unsuccessful campaign to secure board seats at Disney.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 7:08 pm

BDX

EMBC

NVO

Embecta Corp (NASDAQ:EMBC), a manufacturer of insulin devices, is considering a potential sale after a 70% share decline since its spin-off from Becton Dickinson (NYSE:BDX). The decline is attributed to the impact of GLP-1 drugs like Novo Nordisk's (NYSE:NVO) Ozempic, reducing demand for traditional insulin treatments. Embecta has engaged Centerview Partners to explore a sale. Despite challenges, CEO Devdatt Kurdikar remains optimistic about future growth opportunities.

Portfolio Pulse from Vandana Singh

July 23, 2024 | 7:05 pm

SHIBUSD

Shiba Inu (SHIB) burn rate has surged by 1,947% in the past 24 hours, removing 60.2 million coins from circulation. This elevated burn rate has made traders bullish on SHIB's price performance. Large transaction volumes have increased by 269%, while daily active addresses have dropped by 17.7%. Shiba Inu's marketing lead predicts a bullish momentum for altcoins.

Portfolio Pulse from Khyathi Dalal

July 23, 2024 | 7:05 pm

CRM

NKE

Nike has hired a former Salesforce executive as its new Chief Innovation Officer, signaling a significant shakeup in its tech division.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 7:04 pm

AZN

MRK

PFE

Merck's investigational RSV treatment, clesrovimab, met its primary safety and efficacy endpoints in a late-stage study, positioning it as a competitor to Sanofi/AstraZeneca's Beyfortus and Pfizer's Abrysvo. Detailed findings will be presented at a scientific congress, and Merck plans to file the data with global regulatory authorities.

Portfolio Pulse from Vandana Singh

July 23, 2024 | 7:04 pm

ICPUSD

Internet Computer (ICP) has seen a 7.27% decrease in price over the past 24 hours, continuing a downward trend. Trading volume has fallen by 47% over the past week, while circulating supply has increased by 0.47%. The current market cap ranking for ICP is #27 at $4.50 billion.

Portfolio Pulse from Benzinga Insights

July 23, 2024 | 7:03 pm

RUM

Sen. J.D. Vance, selected as Donald Trump's running mate for the 2024 presidential election, is under scrutiny for his venture capital background. Vance's time at Mithril Capital and Revolution is questioned by former coworkers, though he later founded Narya Capital, which invested in Rumble Inc (NASDAQ:RUM).

Portfolio Pulse from Chris Katje

July 23, 2024 | 7:03 pm

UNIUSD

Uniswap (UNI) has experienced a 3.36% price drop in the last 24 hours, continuing a week-long decline of 7.0%. Trading volume has decreased by 41.0% over the past week, while the circulating supply has slightly increased. UNI's market cap is currently ranked #20 at $5.79 billion.

Portfolio Pulse from Benzinga Insights

July 23, 2024 | 7:02 pm