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MSFT

MSTR

SQ

In October 2020, MicroStrategy's CEO, Michael Saylor, praised Square's (now Block Inc) $50 million investment in Bitcoin. Since then, MicroStrategy's and Square's stock performances have diverged significantly. As of October 27, 2023, Microsoft's stock price increased by 52.05%, while Square's fell by 78.99%. The correlation between the two stocks is low, suggesting their performances do not influence each other.

Portfolio Pulse from Mehab Qureshi

October 30, 2023 | 12:22 pm

OR

Osisko Gold Royalties Ltd (OR: TSX & NYSE) has acquired a 1.0% net smelter return (NSR) royalty on the Namdini Gold Project in Ghana. The transaction was closed with Savannah Mining Limited, with Osisko acquiring a direct interest in 50% of Savannah's 2.0% NSR royalty for a total consideration of US$35 million. The Namdini project, controlled and operated by Shandong Gold Co Ltd, is expected to become one of Western Africa's significant producing mines with first gold production expected in late 2024.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 12:18 pm

DYN

Dyne Therapeutics has reported cash, cash equivalents, and marketable securities totaling $157.8 million. This is expected to provide the company with a cash runway through 2024.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 11:32 am

ATHE

Alterity Therapeutics Limited (NASDAQ:ATHE) has released its Q1 FY24 report, revealing a cash balance of A$16.7M as of September 30, 2023. The company also received a A$4.74M cash refund under the Australian R&DTI Scheme and was granted a new patent by the European Patent Office. The ATH434-201 Phase 2 study is proceeding as planned.

Portfolio Pulse from Charles Gross

October 30, 2023 | 11:29 am

DCPH

Deciphera Pharmaceuticals' cash, cash equivalents, and marketable securities were $376.9 million as of September 30, 2023, compared to $389.4 million as of June 30, 2023. The company expects its current financial resources, along with anticipated product, royalty, and supply revenues, to fund its operations and capital expenditures into 2026.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 11:07 am

CSIQ

Canadian Solar is constructing a solar photovoltaic cell manufacturing plant in Jeffersonville, Indiana. The facility will have an annual output of 5 GW, equivalent to around 20,000 high-power modules daily.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 11:05 am

AMD

ARKQ

TSM

Ark Invest, founded by Cathie Wood, purchased 54,289 shares of Advanced Micro Devices, Inc. (AMD) and 3,046 shares of Taiwan Semiconductor Manufacturing Co. Ltd. (TSM) on Friday. The AMD purchase was valued at $5.24 million, while the TSM purchase was valued at about $261,926. AMD is set to release its Q3 results on Tuesday, with analysts expecting a slight decline in earnings per share and revenues compared to the previous year.

Portfolio Pulse from Shanthi Rexaline

October 30, 2023 | 10:53 am

CLZNF

IFF

International Flavors & Fragrances Inc (IFF) is selling its Cosmetic Ingredients business unit to Clariant AG for $810 million. The unit, which generated about $100 million in revenue in the last 12 months, will help IFF reduce its outstanding debt and focus on its core businesses. The transaction is expected to close in Q1 2024.

Portfolio Pulse from Shivani Kumaresan

October 30, 2023 | 10:23 am

BTCUSD

HTZ

The Department of Defense plans to develop a new variant of the B61 gravity bomb, signaling a resurgence in US nuclear weapons production. Hertz Global Holdings Inc reported that costs associated with Tesla EVs have negatively impacted the company’s EBITDA. Bitcoin surged over 14% and hit fresh yearly highs at $35,000, despite the Nasdaq’s slump. The U.S. and China are working towards a high-level meeting between President Joe Biden and Chinese leader Xi Jinping. Gold closed the week at $2,016.30 an ounce, up 0.89% from the previous session.

Portfolio Pulse from Benzinga Neuro

October 30, 2023 | 10:03 am

BTCUSD

A pseudonymous crypto analyst, Credible Crypto, predicts a significant increase in Bitcoin's price, forecasting it to reach approximately $48,000 by mid-November. The prediction is based on the Elliott Wave theory, which considers crowd psychology to forecast future price movements. The analyst suggests that Bitcoin has found a local bottom at $33,400 and is preparing for a parabolic surge.

Portfolio Pulse from Mehab Qureshi

October 30, 2023 | 8:40 am