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ETHUSD

On Sunday, 2,078.35 Ether (ETH) worth $3,244,361 was burned from Ethereum transactions. This follows the Ethereum blockchain's upgrade known as EIP-1159, which changed the fee model and burns a base fee from each transaction. Ethereum is currently issuing new Ether at a rate of 4% per year, expected to decrease to around 0.5-1% with the Ethereum 2.0 upgrade. The net annualized issuance rate for Ether yesterday was 0.36%.

Portfolio Pulse from Benzinga Insights

September 11, 2023 | 6:00 pm

BTCUSD

FTTUSD

SOLUSD

SRMUSD

Crypto exchange FTX has amassed assets totaling approximately $7 billion, including $1.16 billion in Solana tokens and $560 million in Bitcoin, according to court documents. The company also made massive payments to its top-tier executives prior to its bankruptcy declaration in November 2022. By the end of that month, the company had consolidated $1.5 billion in cash. As of August 31, 2023, FTX's crypto assets were valued at $3.4 billion. The portfolio also includes lesser-known tokens such as MAPS and Serum, collectively worth hundreds of millions.

Portfolio Pulse from Murtuza Merchant

September 11, 2023 | 5:45 pm

ADM

Archer-Daniels-Midland (ADM) reported that its Decatur East plant, which produces soyoil and white flake for soy protein, along with an adjacent corn processing plant, are down following an explosion on Sunday.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 5:42 pm

ABT

BIVI

CVS

HZNP

IMGN

LLY

PFE

TEVA

TLRY

VEEV

Benzinga's options activity scanner has identified significant trading activity in the options of ten healthcare stocks: TEVA, TLRY, CVS, VEEV, IMGN, BIVI, PFE, LLY, ABT, and HZNP. The sentiment associated with these trades varies, with bullish sentiment observed for TEVA, IMGN, BIVI, and HZNP, bearish sentiment for TLRY, VEEV, PFE, and ABT, and neutral sentiment for CVS and LLY.

Portfolio Pulse from Benzinga Insights

September 11, 2023 | 5:35 pm

MELI

A significant number of investors have taken a bearish stance on MercadoLibre (NASDAQ:MELI), with 68% of detected trades showing bearish expectations. The targeted price range for MELI over the last 3 months is from $940.0 to $1800.0. The current price of MELI is down -1.23% at $1410.64. New Street Research, UBS, and Wedbush have given price targets of $1650, $1700, and $1500 respectively.

Portfolio Pulse from Benzinga Insights

September 11, 2023 | 5:31 pm

NOC

Northrop Grumman (NYSE:NOC) has outperformed the market over the past 15 years by 4.01% on an annualized basis, producing an average annual return of 13.06%. If an investor had bought $1000 of NOC stock 15 years ago, it would be worth $6,144.60 today.

Portfolio Pulse from Benzinga Insights

September 11, 2023 | 5:30 pm

VMW

VMware (NYSE:VMW) has outperformed the market over the past 15 years, producing an average annual return of 11.58%. If an investor had bought $1000 of VMW stock 15 years ago, it would be worth $4,913.87 today. The company currently has a market capitalization of $71.44 billion.

Portfolio Pulse from Benzinga Insights

September 11, 2023 | 5:30 pm

ILMN

JNJ

NVS

PFE

REGN

RHHBY

RXRX

Several publicly traded companies are integrating artificial intelligence (AI) into their operations to catalyze transformations in the biotech and pharmaceutical sectors. These companies include Recursion Pharmaceuticals (RXRX), 23andMe (ME), Novartis (NVS), Roche (RHHBY), Pfizer (PFE), Johnson & Johnson (JNJ), Regeneron Pharmaceuticals (REGN), and Illumina (ILMN). The integration of AI is expected to enhance drug discovery, patient care, and other operations.

Portfolio Pulse from Steve Macalbry

September 11, 2023 | 5:27 pm

FANG

Diamondback Energy Inc (FANG) has announced a joint venture with Five Point Energy LLC, named Deep Blue Midland Basin LLC. The 15-year deal involves FANG producing and supplying water in a 12-county area in the Midland Basin. FANG will hold a 30% stake in Deep Blue and has received upfront cash proceeds of around $500 million. Both companies plan to contribute $500 million in follow-on equity capital for future projects and acquisitions. Deep Blue has also secured long-term acreage dedications with two investment-grade customers.

Portfolio Pulse from Lekha Gupta

September 11, 2023 | 5:00 pm

PCAR

PACCAR (NASDAQ:PCAR) has outperformed the market over the past 20 years, producing an average annual return of 8.67%. If an investor had bought $100 of PCAR stock 20 years ago, it would be worth $530.70 today.

Portfolio Pulse from Benzinga Insights

September 11, 2023 | 5:00 pm