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NTLA

Intellia Therapeutics, Inc. (NASDAQ:NTLA) announced its strategic priorities through 2026 and key milestones for 2024. The company ended 2023 with approximately $1 billion in cash and expects to extend its cash runway into mid-2026. Key 2024 milestones include dosing the first patient in the Phase 3 MAGNITUDE trial of NTLA-2001 for ATTR amyloidosis, initiating a Phase 3 study of NTLA-2002 for HAE, and dosing the first patient in the Phase 1 study of NTLA-3001 for AATD-associated lung disease. The company will streamline operations, resulting in a workforce reduction of about 15%. John Crowley departed from the board following his appointment as CEO of BIO.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 9:02 pm

BTCUSD

Jacquelyn Melinek, Senior Crypto Reporter at TechCrunch, has indicated through sources close to the matter that the SEC is expected to approve Bitcoin Spot ETFs for multiple firms. An announcement is anticipated tomorrow.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 8:52 pm

USO

Oil prices fell after the U.S. Energy Information Administration reported unexpected increases in gasoline and other refined product stockpiles, indicating slowing demand. Brent crude and Nymex WTI both experienced volatility, with prices dropping during afternoon trade in New York. The United States Oil Fund (USO) also fell by 1%. Additionally, gasoline stockpiles saw a significant increase, the largest in over three decades, while distillate stocks also rose. Crude inventories decreased, partly due to higher refinery throughput and shipping route changes. Meanwhile, Libyan oilfield closures due to protests added earlier upward pressure on oil prices.

Portfolio Pulse from Neil Dennis

January 04, 2024 | 8:32 pm

MPWR

Over the past 10 years, Monolithic Power Systems (NASDAQ:MPWR) has produced an average annual return of 32.55%, outperforming the market by 22.73% on an annualized basis. A $1000 investment in MPWR a decade ago would be worth $16,938.33 today. The company currently holds a market capitalization of $27.50 billion.

Portfolio Pulse from Benzinga Insights

January 04, 2024 | 8:30 pm

ZTS

Over the past 5 years, Zoetis (NYSE:ZTS) has outperformed the market with an average annual return of 17.52%, turning a $100 investment into $227.48. Zoetis currently has a market cap of $89.06 billion.

Portfolio Pulse from Benzinga Insights

January 04, 2024 | 8:03 pm

V

Over the past 10 years, Visa (NYSE:V) has produced an average annual return of 16.67%, outperforming the market by 6.85% on an annualized basis. A $1000 investment in Visa a decade ago would now be worth $4,687.64. Visa's current market capitalization stands at $533.42 billion.

Portfolio Pulse from Benzinga Insights

January 04, 2024 | 8:03 pm

BTCUSD

ETHUSD

SOLUSD

Digital asset investment products experienced a significant recovery in 2023, with $2.25 billion in inflows, led by Bitcoin with $1.9 billion. The SEC's openness to spot Bitcoin ETFs in the U.S. contributed to this surge. Ethereum and Solana also saw inflows but to a lesser extent. The U.S. had the largest inflows by country, but Germany led in terms of AUM percentage. Blockchain equities also saw a substantial increase in AUM and inflows. Market sentiment is influenced by the uncertainty of ETF approvals, with a shift towards uncorrelated multi-asset returns and strategic diversification in crypto investments. Options traders expect more volatility, with an increase in put options indicating potential bearish positions.

Portfolio Pulse from Murtuza Merchant

January 04, 2024 | 7:58 pm

IWM

SPY

VOO

Mohamed El-Erian, Allianz's chief economic adviser, believes the bond market, with the U.S. 10 Year Treasury around 4%, is now more consistent with the economic outlook, suggesting the economy may avoid a deep recession. He previously indicated that a 2 Year Treasury Yield around 4% would make him more bullish on future stock market performance. The bond market is currently projecting a 62% chance of a rate cut in March. Meanwhile, SPDR S&P 500 (SPY) and Vanguard S&P 500 ETF (VOO) were slightly negative, while the iShares Russell 2000 ETF (IWM) was up slightly in Thursday's session.

Portfolio Pulse from Adam Eckert

January 04, 2024 | 7:43 pm

FAST

Over the past 20 years, Fastenal (NASDAQ:FAST) has produced an average annual return of 12.17%, outperforming the market by 4.77% on an annualized basis. A $1000 investment in FAST 20 years ago would be worth $10,144.57 today. Fastenal currently has a market capitalization of $35.52 billion.

Portfolio Pulse from Benzinga Insights

January 04, 2024 | 7:30 pm

IMXUSD

Immutable's cryptocurrency (IMX) has seen a 6.08% price increase over the past 24 hours to $2.19, despite a 5.0% decline over the past week from $2.31. The coin's all-time high is $9.52. Trading volume is up 26.0% for the week, and the circulating supply has increased by 2.13% to 1.32 billion, 66.1% of the max supply. IMX's market cap is currently ranked #37 at $2.89 billion.

Portfolio Pulse from Benzinga Insights

January 04, 2024 | 7:06 pm