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PARA

Paramount Global's board has endorsed a merger with Skydance Media, led by David Ellison. The deal, which includes the acquisition of National Amusements, is expected to be ratified soon, ending the Redstone family's control of Paramount. The news has positively impacted Paramount's stock price.

Portfolio Pulse from Benzinga Neuro

July 08, 2024 | 2:15 am

AAPL

Apple Inc. (NASDAQ:AAPL) is reportedly developing a new version of its Watch SE with a plastic casing to compete with Samsung's Galaxy Watch FE. The move aims to reduce costs and offer a more affordable option. This comes amid rumors of Apple's 10th-anniversary special edition watch, the Apple Watch X or Series 10, which will feature a larger display and a new chip.

Portfolio Pulse from Ananya Gairola

July 08, 2024 | 2:06 am

BTCUSD

DOGEUSD

ETHUSD

Leading cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin, experienced significant declines, with Bitcoin falling below $56,000. The market downturn is partly due to planned sell-offs by Mt.Gox and the German government. The Cryptocurrency Fear & Greed Index is at its lowest since January 2023. Stock futures also traded lower, and investors are looking to key inflation data for cues on the Federal Reserve's next steps.

Portfolio Pulse from Aniket Verma

July 08, 2024 | 2:05 am

AAPL

GOOGL

META

MSFT

NVDA

TSLA

The Biden administration announced a $504 million funding package for 12 regional tech hubs. California lawmakers are voting on a bill for AI safety regulations, opposed by Meta and Alphabet. Epic Games plans to relaunch 'Fortnite' on its own iPhone app store in the EU. Sega Sammy and Capcom announced new developments in their gaming franchises. Microsoft’s Xbox Game Pass has an exciting new lineup. Apple extended the deadline for iPhone 7 users to claim a settlement and declined Meta's AI chatbot proposal. Samsung introduced a new chipset for its Galaxy Watch. The EU may charge Meta with digital regulation breaches. SK Group plans significant investments in AI and semiconductors. Elon Musk shared updates on his AI chatbot, Grok.

Portfolio Pulse from Lekha Gupta

July 07, 2024 | 11:40 pm

PARA

Paramount's board has approved a merger with Skydance, as reported by Bloomberg. This decision is expected to have significant implications for Paramount's business strategy and market position.

Portfolio Pulse from Benzinga Newsdesk

July 07, 2024 | 8:51 pm

IOT

MDB

NIO

PARAA

RDDT

SCCO

SHG

SIRI

TSLA

Twelve large-cap stocks showed strong performance from June 30 to July 6. Notable gains were seen in Sirius XM Holdings, Tesla, Paramount Global, Reddit, Li Auto, Samsara, KB Financial Group, Shinhan Financial Group, Mongodb, Southern Copper Corporation, Zscaler, and NIO.

Portfolio Pulse from Lekha Gupta

July 07, 2024 | 5:43 pm

MSW

OSTX

PGHL

QMMM

Several companies are set to go public this week, including Primega Group Holdings Limited (NASDAQ:PGHL), OS Therapies Incorporated (NYSE:OSTX), Ming Shing Group Holdings Limited (NASDAQ:MSW), and QMMM Holdings Limited (NASDAQ:QMMM). These IPOs will offer shares at specified price ranges and have a 180-day insider lock-up period.

Portfolio Pulse from Benzinga Insights

July 07, 2024 | 5:24 pm

MSFT

Former Microsoft CEO Steve Ballmer briefly surpassed Bill Gates in wealth, with both now estimated to be worth $158 billion. Ballmer's diverse investments in sports, real estate, and philanthropy have contributed to his wealth. This highlights the dynamic nature of wealth rankings among the world's richest individuals.

Portfolio Pulse from Bibhu Pattnaik

July 07, 2024 | 4:10 pm

BTCUSD

Credible Crypto, a well-known cryptocurrency analyst, predicts an 80% surge for Bitcoin (BTC) after the current correction phase. Despite Bitcoin surpassing $60,000, the analyst remains optimistic about its long-term future, suggesting a potential rise to $100,000. However, he warns of a possible intensification in the correction’s momentum due to high levels of open interest and spot market selling.

Portfolio Pulse from Bibhu Pattnaik

July 07, 2024 | 3:38 pm

ABBV

ALNY

AMGN

HRTS

LLY

MRK

NVO

PFE

SPY

The GLP-1 drug market for obesity treatment is projected to reach $1 trillion, according to Tema ETFs CEO Maurits Pot. The market is expected to expand beyond Eli Lilly and Novo Nordisk, with applications in various diseases. Tema ETFs launched the Tema GLP-1, Obesity and Cardiometabolic ETF (HRTS), which has outperformed the S&P 500 since its inception.

Portfolio Pulse from Piero Cingari

July 07, 2024 | 1:39 pm