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GILD

HOOK

MRK

RHHBY

Roche Holdings AG (OTC:RHHBY) has terminated its collaboration with HOOKIPA Pharma Inc (NASDAQ:HOOK) on the HB-700 program for KRAS mutated cancers. HOOKIPA will regain full control of the program in April 2024 and plans to submit an IND in Q1 2024, seeking a new partner. HOOKIPA is refocusing on its HB-200 program for HPV16+ HNSCC and infectious disease programs with Gilead Sciences Inc (NASDAQ:GILD). The company will reduce its workforce by 30% and rebalance costs. HOOKIPA's cash position was $117.5 million as of December 31, 2023, bolstered by Gilead's purchase of 15 million shares in December. HOOKIPA's stock price dropped 15% to $0.59.

Portfolio Pulse from Vandana Singh

January 29, 2024 | 5:55 pm

COIN

MARA

RIOT

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 5:26 pm

AMZN

GOOG

META

MSFT

NVDA

SOXL

Nvidia Corp (NVDA) faces increasing competition in the AI chip market from tech giants like Amazon (AMZN), Alphabet (GOOG/GOOGL), Meta Platforms (META), and Microsoft (MSFT), who are developing their own AI chips to reduce dependency on Nvidia's GPUs. Despite this, Nvidia maintains over 70% of AI chip sales and is seen as a key beneficiary in the AI space. The company's sales surged by 206%, adding about a trillion dollars to its market value. Nvidia's significant exposure to China is a concern due to U.S. semiconductor industry sanctions. The Direxion Daily Semiconductor Bull 3x Shares (SOXL), which includes Nvidia, saw a slight increase in its share price.

Portfolio Pulse from Anusuya Lahiri

January 29, 2024 | 5:22 pm

CSCO

NVDA

Wall Street analyst Ed Yardeni compares Nvidia's (NVDA) current rally to Cisco's (CSCO) 1990s run, suggesting NVDA could have more upside before a potential crash. Nvidia's stock has surged 265% since ChatGPT's release, outpacing the S&P 500 Semiconductor Index. Yardeni notes the market's expectation of interest rate cuts as inflation seems under control, which could lead to a market melt-up. However, he warns of the risk of a speculative bubble similar to the dot-com era if the Fed cuts rates prematurely.

Portfolio Pulse from Piero Cingari

January 29, 2024 | 4:41 pm

BLK

BTCUSD

Harvest Fund has applied for the first Bitcoin spot ETF in Hong Kong, indicating growing acceptance of cryptocurrencies in financial markets. This follows the SEC's approval of Bitcoin spot ETFs in the U.S. The approval could attract more investors, including those from China, where the stock market underperformed in 2023. Anndy Lian suggests this could lead to more Chinese investment in crypto. The SFC aims to list the ETF on the Hong Kong Stock Exchange after the Chinese New Year, potentially allowing direct Bitcoin subscriptions.

Portfolio Pulse from Murtuza Merchant

January 29, 2024 | 4:03 pm

BNBUSD

DOGEUSD

SHIBUSD

SOLUSD

XRPUSD

Solana's ecosystem activity has surged, with new addresses reaching 10.13 million in January 2024. This has led to a 9% increase in Solana's price over the past week and a 300.7% gain over the past year. Analysts predict further growth, with targets of $140 and $113 if it holds above $94. Trading volumes have also increased, surpassing those of other top cryptocurrencies like Dogecoin and Shiba Inu. Unibot announced a new Solana ecosystem token, UNISOL, which will generate revenue in SOL.

Portfolio Pulse from Khyathi Dalal

January 29, 2024 | 3:37 pm

HBARUSD

Hedera's cryptocurrency, HBAR, has experienced a 3.07% price drop over the last 24 hours, continuing a weekly decline of 2.0%. The trading volume has decreased by 26.0%, while the circulating supply has slightly increased by 0.14%. Currently, HBAR's market cap is ranked #39, valued at $2.41 billion.

Portfolio Pulse from Benzinga Insights

January 29, 2024 | 3:02 pm

LDOUSD

Lido DAO's cryptocurrency (LDO) has seen a 3.27% decrease in price over the last 24 hours, now at $3.03, contrasting with an 11% increase over the past week. Trading volume has decreased by 33%, while circulating supply rose by 0.18%. LDO's market cap ranks it 34th at $2.71 billion.

Portfolio Pulse from Benzinga Insights

January 29, 2024 | 3:01 pm

XMRUSD

Monero (XMR) has seen a 4.66% increase in price over the last 24 hours, reaching $166.39, continuing a positive trend with an 8.0% gain over the past week. Despite a decrease in trading volume by 16.0% and a 0.9% reduction in circulating supply to 18.15 million, Monero's market cap is ranked #30 at $3.03 billion. The volatility of Monero's price has been illustrated using Bollinger Bands in the provided chart.

Portfolio Pulse from Benzinga Insights

January 29, 2024 | 3:00 pm

COIN

A report from Coinbase Inc.'s advocacy group, Stand with Crypto, highlights a group of U.S. senators who are vocal supporters of cryptocurrency, indicating a shift in the political landscape. Senators Cynthia Lummis, Ted Burr, Ted Cruz, Bill Hagerty, and Marsha Blackburn have collectively introduced and supported various crypto-related bills and made numerous public statements advocating for the sector. In contrast, Senator Elizabeth Warren has introduced anti-crypto bills and made statements against digital currencies, showing a divided Senate on the issue of cryptocurrency.

Portfolio Pulse from Murtuza Merchant

January 29, 2024 | 2:56 pm