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Paramount Global (NASDAQ:PARA) is in discussions with Amazon (NASDAQ:AMZN) to expand their media partnership, potentially involving bundling sales of channels and advertising. Paramount is also in talks with Comcast (NASDAQ:CMCSA) for a streaming joint venture. Additionally, Paramount is evaluating acquisition proposals from David Ellison and Apollo Global Management (NYSE:APO), which is collaborating with Sony Group (NYSE:SONY). PARA stock has declined over 17% in the past year but saw a 1.87% increase recently.

Portfolio Pulse from Shivani Kumaresan

May 16, 2024 | 10:01 am

CVX

Chevron is preparing to launch the sale process for its remaining North Sea oil and gas assets, including a 19.4% stake in the Clair Field and associated pipelines, according to a statement cited by Reuters.

Portfolio Pulse from Charles Gross

May 16, 2024 | 9:53 am

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Several major stocks, including Nayax, GameStop, and Iris Energy, are experiencing significant declines in pre-market trading due to weak quarterly results and other financial updates.

Portfolio Pulse from Avi Kapoor

May 16, 2024 | 9:40 am

AEG

Aegon has announced a new €200 million share buyback program, which is expected to be completed by the end of 2024.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 9:35 am

NICE

NICE Ltd. (NASDAQ:NICE) reported better-than-expected Q1 2024 earnings with an adjusted EPS of $2.58, surpassing the analyst estimate of $2.45. The company also reported sales of $659.309 million, beating the estimate of $655.362 million and marking a 15.29% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 9:33 am

AZN

AstraZeneca's SUPERNOVA Phase 3 trial results show that Sipavibart (AZD3152) significantly reduced the incidence of symptomatic Covid-19 in immunocompromised patients compared to the control group.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 9:29 am

BIDU

Baidu (NASDAQ:BIDU) reported Q1 adjusted EPS of $2.76, beating the $2.30 estimate, and sales of $4.37B, surpassing the $4.32B estimate. EPS increased by 17.95% YoY, while sales decreased by 3.75% YoY.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 9:27 am

BIDU

Baidu (NASDAQ:BIDU) reported Q1 adjusted EPS of $2.76, beating the $2.30 estimate, but sales of $4.37 billion missed the $4.43 billion estimate. EPS increased by 17.95% year-over-year, while sales decreased by 3.75%.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 9:17 am

PLTR

Palantir Technologies Inc. (NYSE:PLTR) CEO Alex Karp suggested that the U.S. should bolster its defense technology to deter potential adversaries, particularly China. Karp emphasized the importance of software-defined weapons systems and a strong defense to maintain peace. His comments come amid increasing U.S.-China tensions and follow Palantir's strong first-quarter earnings report.

Portfolio Pulse from Benzinga Neuro

May 16, 2024 | 8:41 am

BTCUSD

Bitcoin's global adoption rate has reached 4.7%, mirroring the Internet's growth in early 1999. Analyst Willy Woo highlights the cryptocurrency's potential for future growth, predicting a user base of 500 million by October and nearly a billion by the end of 2025. Bitcoin's price has surged 6.41% in the last 24 hours, currently trading at $65,837.53.

Portfolio Pulse from Aniket Verma

May 16, 2024 | 8:17 am