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The EOS Network Foundation, led by CEO Yves La Rose, is preparing for a surge in the blockchain sector through strategic initiatives. The foundation has expressed concerns about Block.one's proposed $22 million settlement, arguing it's a fraction of the $4 billion raised in its ICO sale. The foundation is also focusing on improving EOS's user experience and addressing inflationary tokenomics. It is launching a venture fund, EOS Network Ventures, to invest in businesses that could support and grow the network.

Portfolio Pulse from Murtuza Merchant

August 29, 2023 | 2:15 pm

AMZN

BBY

CTLT

ELF

GOOG

INTC

META

MMM

MSFT

NIO

China is taking measures to shield its economy from the real estate sector crisis by reducing bank deposit and mortgage rates. President Biden targets cancer and diabetes drugs in a controversial Medicare price battle. Google collaborates with Nvidia in AI expansion. 3M Co settles a multi-billion dollar lawsuit. Catalent Inc finalizes a deal with Elliott Investment Management and reports mixed Q4 earnings. e.l.f. Beauty acquires Naturium skincare brand. Intel Corp eyes a next-generation data center chip. Meta Platforms Inc tackles China-linked disinformation surge. Microsoft's president cautions against weaponizing AI. Amazon raises its free shipping minimum for non-Prime customers. Google ventures into renewable energy mapping. Nio Inc and Best Buy Co Inc report their Q2 results.

Portfolio Pulse from Vandana Singh

August 29, 2023 | 2:06 pm

AVGO

Broadcom (NASDAQ:AVGO) has outperformed the market over the past 5 years by 22.57% on an annualized basis, producing an average annual return of 31.46%. If an investor had bought $1000 of AVGO stock 5 years ago, it would be worth $3,937.09 today.

Portfolio Pulse from Benzinga Insights

August 29, 2023 | 2:01 pm

AAPL

ABBV

AMGN

AMZN

AZN

BMY

GLD

GOOG

JNJ

META

MRK

MSFT

NVDA

NVO

NVS

QQQ

SLV

SPY

TSLA

USO

The stock market is awaiting new economic data, including job openings, consumer confidence, and employment change. Medicare has released a list of 10 drugs for price reduction, impacting companies like Bristol-Myers Squibb, Johnson & Johnson, Merck, AstraZeneca, Novartis, Amgen, AbbVie, and Novo Nordisk. Tesla is activating a large NVIDIA cluster for self-driving training. Amazon's CEO warns remote workers about a shift back to office work. Negative money flows are observed in Amazon, Tesla, Nvidia, Microsoft, Alphabet, Meta Platforms, and Apple, while mixed flows are seen in SPDR S&P 500 ETF Trust and Invesco QQQ Trust Series 1.

Portfolio Pulse from The Arora Report

August 29, 2023 | 1:58 pm

CRM

A significant bearish stance has been taken on Salesforce (NYSE:CRM) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split between 36% bullish and 63% bearish. The whales have been targeting a price range from $180.0 to $260.0 for Salesforce over the last 3 months. Currently, the price of CRM is down -1.88% at $207.74. Analysts from Mizuho, Morgan Stanley, and Citigroup have maintained their Buy, Equal-Weight, and Neutral ratings on Salesforce respectively.

Portfolio Pulse from Benzinga Insights

August 29, 2023 | 1:46 pm

AVAXUSD

BTCUSD

CRVUSD

DOTUSD

ETHUSD

HBARUSD

PEPEUSD

RUNEUSD

Bitcoin and Ethereum edged lower but remained above key levels of $26,000 and $1,600 respectively. XDC Network was the top gainer over the past 24 hours, while Pepe was the biggest loser. The global crypto market cap fell to $1.05 trillion, a 24-hour decline of 0.4%.

Portfolio Pulse from Lisa Levin

August 29, 2023 | 1:34 pm

DBVT

RWLK

STXS

VNRX

Insiders at four penny stocks, ReWalk Robotics Ltd. (RWLK), VolitionRx Limited (VNRX), DBV Technologies S.A. (DBVT), and Stereotaxis, Inc. (STXS), have recently made significant purchases. This could indicate their confidence in the companies' prospects. RWLK recently closed an acquisition of AlterG, Inc. VNRX reported cash and cash equivalents of around $19.7 million as of June 30, 2023. DBVT closed the second quarter with a cash balance of $174 million. STXS reported a 28% revenue growth in the second quarter.

Portfolio Pulse from Lisa Levin

August 29, 2023 | 1:22 pm

GWH

ESS Tech, Inc. (NYSE: GWH) has announced that Harry Quarls, a veteran in the energy industry, has joined the ESS Board of Directors as Chairman. Quarls brings over 40 years of energy experience and has served in leadership roles at Global Infrastructure Partners and Booz & Company. The move is expected to help ESS scale to meet global demand for long-duration energy storage (LDES).

Portfolio Pulse from Happy Mohamed

August 29, 2023 | 1:14 pm

INBX

Inhibrx, Inc. (NASDAQ:INBX) has announced a private placement financing deal that is expected to generate approximately $200 million in gross proceeds. The company is selling 3,621,314 shares of its common stock at $19.35 per share. The deal also includes pre-funded warrants to purchase up to 6,714,636 shares of common stock at a purchase price of $19.3499 per pre-funded warrant. The deal is expected to close by August 31, 2023.

Portfolio Pulse from Happy Mohamed

August 29, 2023 | 1:03 pm

SPY

The House Price Index for June has increased by 0.3%, which is higher than the estimated 0.2% but lower than the prior 0.7%.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 1:00 pm