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The Fear & Greed Index remains in the 'Extreme Greed' zone after the Dow records 3 weeks of gains. Stocks to watch include ON Semiconductor and Western Digital. The SEC reportedly wanted Coinbase to delist all but Bitcoin. Elon Musk hints at Dogecoin payments on his platform. Ethereum celebrates its 8th anniversary. In politics, a Republican congressman faces charges in a crypto scam. In the economy, the impact of inflation on jobs is discussed. In the EV sector, an Uber backup driver admits guilt in an autonomous car death. In communication, Elon Musk's X could soon silence replies from blocked users. In the industrial sector, AerCap is likely to post higher Q2 earnings. In the consumer sector, Walmart buys out Tiger Global's stake in India's Flipkart.

Portfolio Pulse from Akanksha Bakshi

July 31, 2023 | 12:32 pm

CHNR

NAVB

China Natural Resources, Inc. (NASDAQ:CHNR) shares surged 63.5% in pre-market trading after agreeing to sell all outstanding shares of Precise Space-Time Technology Limited to Feishang Group Limited. Other pre-market gainers include FOXO Technologies Inc. (NYSE:FOXO), Aurora Acquisition Corp. (NASDAQ:AURC), Nano Labs Ltd (NASDAQ:NA), and Connexa Sports Technologies Inc. (NASDAQ:CNXA). On the other hand, Navidea Biopharmaceuticals, Inc. (NYSE:NAVB) fell 22.4% in pre-market trading after announcing NYSE American has commenced delisting proceedings.

Portfolio Pulse from Lisa Levin

July 31, 2023 | 12:31 pm

AFRI

Forafric has acquired the SIMS mill in Marrakesh, which will increase its crushing capacity to over 300 tons per day. The terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 12:18 pm

KYCH

ZOOZ Power Ltd. and Keyarch Acquisition Corporation have announced a business combination agreement, which will result in ZOOZ becoming publicly listed on Nasdaq under the symbol 'ZOOZ'. The transaction values ZOOZ at up to $100 million and is expected to provide a minimum of $10 million in net proceeds. The closing is expected to occur in Q4 2023, subject to shareholder and regulatory approvals. ZOOZ is a leading provider of flywheel-based power boosting solutions for the EV charging infrastructure market.

Portfolio Pulse from Happy Mohamed

July 31, 2023 | 12:17 pm

RMR

The RMR Group has announced plans to acquire the CARROLL Multifamily Platform for $80 million. The deal is expected to expand RMR's real estate portfolio and strengthen its position in the multifamily sector.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 12:05 pm

JBHT

NKLA

J.B. Hunt Transport Services Inc. (NASDAQ:JBHT) has agreed to purchase 13 zero-emission Class 8 trucks from Nikola Corporation (NASDAQ:NKLA). This move is part of J.B. Hunt's sustainability efforts and aims to reduce its carbon emissions.

Portfolio Pulse from Charles Gross

July 31, 2023 | 11:52 am

ONCY

Oncolytics Biotech has entered into an agreement with Leede Jones Gable to purchase 6,667,000 units on a bought-deal basis for gross proceeds of $15M at $2.25/unit.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 10:58 am

EXK

Endeavour Silver has agreed to sell a 1% interest in Cozamin Royalty to Gold Royalty for a total consideration of $7.50 million in cash.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 10:54 am

CHNR

China Natural Resources, Inc. (NASDAQ:CHNR) has agreed to sell all outstanding shares of Precise Space-Time Technology Limited to Feishang Group Limited for approximately $13.2 million. The base purchase price is subject to upward post-closing adjustment based on the difference between net assets of PSTT as of June 30, 2023, and the base net assets.

Portfolio Pulse from Charles Gross

July 31, 2023 | 8:58 am

AMZN

WMT

Walmart Inc has spent $1.4 billion to purchase the remaining Flipkart shares from Tiger Global, boosting its stake in the Indian e-commerce startup. This transaction has allowed Tiger Global to make a $3.5 billion profit from an initial investment of $1.2 billion. The recent purchase of secondary shares has placed a $35 billion value on Flipkart. Walmart’s over $20 billion investment in Flipkart shows its commitment to compete with Amazon.com Inc’s local division.

Portfolio Pulse from Shomik Sen Bhattacharjee

July 31, 2023 | 7:06 am