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Walmart Inc. (NYSE:WMT) is in discussions to sell its recently closed health clinics to recoup investments. The company shut down all 51 clinics and terminated virtual healthcare services in April due to an unsustainable business model. Walmart is engaging with potential buyers, including Humana Inc. (NYSE:HUM). Additionally, Walmart sold its virtual care subsidiary, MeMD, to Fabric. Walmart's Q1 2025 revenue was $161.51 billion, beating estimates, and its stock has gained over 29% in the last 12 months.

Portfolio Pulse from Shivani Kumaresan

July 03, 2024 | 9:43 am

DOYU

DouYu International's Board of Directors has approved and declared a special cash dividend of $9.76 per share or ADS, payable to holders of record as of August 21, 2024.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 9:33 am

TSLA

Tesla CEO Elon Musk revealed that his publicly-traded stock portfolio consists solely of Tesla shares, contrasting with Bill Gates' diversified portfolio. Musk holds a 13% stake in Tesla, amounting to around 411 million shares. Tesla shares rose 10.2% following strong vehicle delivery numbers for Q2, but are down 6.9% year-to-date.

Portfolio Pulse from Anan Ashraf

July 03, 2024 | 8:56 am

BTCUSD

Bitcoin faces potential liquidation of over $1 billion in bearish bets if its price rebounds to $62,600, according to analyst Ali Martinez. The high short liquidation leverage indicates a bearish sentiment among traders, who are at risk of significant losses if the market moves against them. Bitcoin's recent decline is attributed to investor anxiety over Mt.Gox's liquidation of $9 billion worth of the currency. However, analysts like Tom Lee predict a sharp rebound, with Bitcoin potentially hitting $150,000 in the second half of 2024.

Portfolio Pulse from Aniket Verma

July 03, 2024 | 8:41 am

LLY

Eli Lilly's shares have gained following the FDA's approval of its Alzheimer's treatment, Kisunla. The drug, intended for early symptomatic stages of Alzheimer's, has contributed to the company's stock reaching a new 52-week high.

Portfolio Pulse from Benzinga Neuro

July 03, 2024 | 8:20 am

BTCUSD

COIN

Chris Senyek from Wolfe Research suggests that a Trump presidency could ease crypto regulations, benefiting Coinbase due to its significant Bitcoin leverage. Trump's potential participation in the Bitcoin 2024 convention could further impact the cryptocurrency market.

Portfolio Pulse from Benzinga Neuro

July 03, 2024 | 8:14 am

GM

TSLA

General Motors (GM) reported a significant increase in Q2 EV sales, driven by the Cadillac Lyriq SUV, despite discontinuing the Chevrolet Bolt. Tesla also reported its Q2 vehicle delivery numbers, showing a slight decline but still beating estimates.

Portfolio Pulse from Anan Ashraf

July 03, 2024 | 8:12 am

TSLA

Tesla's Q2 deliveries exceeded expectations, leading to a 10% stock surge. Analysts have mixed reactions, with some seeing potential for future growth and others concerned about the sustainability of the results. Key points include inventory drawdown, low financing options, and upcoming product unveilings.

Portfolio Pulse from Shanthi Rexaline

July 03, 2024 | 8:04 am

CVAC

CureVac N.V. (NASDAQ:CVAC) is restructuring to focus on high-value mRNA projects, reducing its workforce by 30%. The restructuring follows a new licensing agreement with GSK, valued at up to €1.45 billion plus royalties. CureVac aims to streamline operations, prioritize oncology programs, and reduce operational expenses by over 30% from 2025 onward.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 6:56 am

ARC

ARC Document Solutions received a non-binding proposal from its Chairman and CEO to acquire all outstanding shares not already owned by him in a going-private transaction at $3.25 per share in cash.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 6:54 am