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BTCUSD

DOGEUSD

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Bitcoin's price is rallying, surpassing $35,000, driven by interest in Bitcoin Spot ETFs and anticipation of the 2024 halving. Gracy Chen, CEO of Bitget, believes the Federal Reserve’s interest rates and the introduction of spot BTC ETFs could heavily influence the BTC price. She also expressed skepticism about Ark Invest CEO Cathie Wood’s prediction of BTC reaching $1 million by 2030, but believes $100,000 is feasible. Bitget has grown to 1,500 employees and its copy trading product has been successful. Chen also expressed interest in layer two solutions and various tokens ranked between 100 to 1,000 market cap.

Portfolio Pulse from Mehab Qureshi

November 10, 2023 | 11:58 am

NVO

Novo Nordisk plans to invest over 42 billion Danish kroner starting in 2023 to expand its manufacturing facilities in Kalundborg, Denmark. The new API facility will be a multi-product facility with state-of-the-art technology. The construction projects will be completed gradually from 2025 through 2029, creating 800 new jobs.

Portfolio Pulse from Charles Gross

November 10, 2023 | 9:52 am

EWJ

FXI

SPY

VGK

China's central bank has issued draft rules for capital management of domestic securities and futures investment funds by foreign institutional investors. The move is aimed at streamlining registration procedures for foreign inbound investment.

Portfolio Pulse from Charles Gross

November 10, 2023 | 9:49 am

EWU

The preliminary report for Q3 shows a -4.2% change in U.K. business investment, which is lower than the estimated -3.5% and the prior 4.1%.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 7:01 am

BTCUSD

DOGEUSD

ETHUSD

Ethereum (ETH) outperformed Bitcoin (BTC) with an 11% gain compared to Bitcoin's 2.1% gain, following BlackRock Inc's filing for a spot Ether ETF. The ETF is set to be benchmarked against the CME CF Ether-Dollar Reference Rate. Meanwhile, Dogecoin (DOGE) was down by 2.74%. Federal Reserve Chair Jerome Powell's remarks, perceived as hawkish, led to a fall in stocks and bonds, while the dollar rallied. Cryptocurrency trader Michaël van de Poppe suggested that dips in cryptocurrency prices are likely and should be used for entries.

Portfolio Pulse from Shivdeep Dhaliwal

November 10, 2023 | 2:41 am

COR

WBA

Walgreens Boots Alliance (WBA) has sold shares of Cencora, Inc. (COR) for initial proceeds of $674 million. The sale was executed through variable prepaid forward transactions, providing WBA with liquidity while maintaining the ability to participate in potential stock price appreciation. The proceeds will be used for debt paydown and general corporate purposes. The sale has no impact on the long-term partnership between the two companies.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 12:18 am

CLW

Clearwater Paper Corporation (NYSE:CLW) has temporarily suspended certain manufacturing operations at its Lewiston, Idaho facility due to an incident impacting the regional natural gas system. The company expects to resume operations in the coming days.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 12:15 am

AWK

Pennsylvania American Water, a subsidiary of American Water (NYSE:AWK), has received approval from the Pennsylvania Public Utility Commission to purchase the Butler Area Sewer Authority wastewater system for $230 million. The deal will expand the company's assistance programs and will require Pennsylvania American Water to make necessary treatment and collection system upgrades costing over $75 million. The acquisition is expected to close by the end of 2023.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 12:06 am

LAC

Lithium Americas Corp. (LAC) has provided an update on its Thacker Pass lithium project, including Q3 2023 financials. The company had approximately $275.5M in cash and cash equivalents as of October 3, 2023. Major earthworks and detailed engineering continue to advance in preparation for major construction to commence in 2024. The company is also in negotiations with the U.S. Department of Energy for the Advanced Technology Vehicles Manufacturing Loan Program, which could fund up to 75% of capital costs for construction of Phase 1. The construction budget for the second half of 2023 is $145 million, of which $51.1 million was spent in Q3 2023.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 12:02 am

MKTX

MarketAxess Holdings Inc. (NASDAQ:MKTX) announced that its CFO, Christopher N. Gerosa, will step down on January 31, 2024, to join a private tech company in the commercial bank sector. The company has initiated a formal search for a new CFO.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 11:37 pm