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Several companies are in the news for various reasons. Alphabet and Discord are facing ethical concerns over Google's AI chatbot, Bard. MGM Resorts snubbed hackers' ransom demands after a cyberattack. Costco is accused of sharing confidential health data with Meta Platforms. Humana has appointed a new CEO. Novo Nordisk has stopped a kidney trial due to early signs of efficacy. Walgreens has appointed a new CEO. GSK has settled a lawsuit. LVMH reported a 9% organic revenue growth in Q3. Qantas Airways is overhauling its board. Tempest Therapeutics' stock soared after positive results from a clinical trial. Tech giants Baidu, Huawei, and Alibaba are setting standards for autonomous driving in China. Blackstone is in talks to acquire a stake in Disney's Indian subsidiary. Mallinckrodt's bankruptcy plan was approved. Birkenstock has priced its IPO.

Portfolio Pulse from Vandana Singh

October 11, 2023 | 1:36 pm

ATOMUSD

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Bitcoin and Ethereum prices moved lower, trading below $27,200 and $1,600 respectively. The U.S. Producer Price Index (PPI) increased 0.5% month-over-month in September, above market expectations of 0.3%. The global crypto market cap fell to $1.06 trillion, a 24-hour decline of 0.6%. Render was the top gainer, while XDC Network was the biggest loser.

Portfolio Pulse from Lisa Levin

October 11, 2023 | 1:32 pm

TRNO

Terreno Realty Corporation has acquired a property in Redondo Beach, CA for $45.7 million.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 1:18 pm

SPRC

SciSparc Ltd. (NASDAQ:SPRC) has announced a private placement to raise approximately $5.026 million. The company will issue 1,930,108 units, each consisting of two Pre-Funded Warrants with an exercise price of $0.001 and a term of five years. The closing of the private placement is expected to occur on October 13, 2023. Aegis Capital Corp. is acting as the exclusive placement agent.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 1:16 pm

CLSK

CleanSpark Inc. (NASDAQ:CLSK) has purchased 4.4 exahashes per second (EH/s) of the recently announced Antminer S21 bitcoin mining machines. The new machines are expected to increase the company's capacity and reduce energy costs per bitcoin mined. The machines, which are expected to start arriving in January 2024, were purchased with favorable terms, including 20% seller-based financing of the total purchase price. Once all machines are deployed, CleanSpark's mining fleet is expected to average 23.5 joules per terahash (J/TH).

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 1:02 pm

SINT

SINTX Technologies has been awarded a Phase II grant of $1,972,826 by the National Institutes of Health (NIH) to develop a 3D printed composite silicon nitride – polyetheretherketone (SN-PEEK) spinal implant. This is the fourth NIH grant awarded to SINTX. The company will collaborate with the University of Pennsylvania School of Veterinary Medicine over the next 24 months to execute this project. The NIH grant will support resourcing and acquisition of materials as well as testing and trials at SINTX and Penn Vet.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 1:02 pm

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BLK

JPM

JPMorgan Chase & Co. has initiated its first collateral settlement using blockchain technology. The bank's Tokenized Collateral Network (TCN) facilitated BlackRock Inc. in converting shares from one of its money market funds into digital tokens. These tokens were then transferred to Barclays Plc as collateral for an over-the-counter derivatives deal. JPMorgan's Onyx Digital Assets network ensures almost immediate collateral movement, in contrast to traditional methods that could take a day. Other financial giants, including Goldman Sachs Group Inc., are also venturing into blockchain and digital assets.

Portfolio Pulse from Murtuza Merchant

October 11, 2023 | 1:01 pm

VFS

VinFast, a Vietnamese automaker, anticipates an increase in its short-term costs due to battery research and development (R&D) and factory operations.

Portfolio Pulse from Bill Haddad

October 11, 2023 | 12:48 pm

ONDS

Ondas Holdings Inc. (NASDAQ:ONDS) has appointed Timothy 'T3' Tenne as CEO of its wholly owned subsidiary, American Robotics Inc. Tenne, a former U.S. Air Force officer with extensive experience in global aviation and aerospace industries, will lead the scaling of the business to drive adoption of Ondas' autonomous drone platforms across the Americas. This follows the recent U.S. FAA Type Certification for the Optimus drone system. Tenne's leadership is expected to help manage operations in Israel and the Middle East during the current conflicts.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 12:44 pm

TROW

T. Rowe Price Group, Inc. (TROW) reported preliminary month-end assets under management of $1.35 trillion as of September 30, 2023. The firm experienced net outflows of $4.2 billion for September 2023 and $17.4 billion for the quarter-ended September 2023. The company will release Q3 2023 earnings on October 27, 2023.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 12:43 pm