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AZN

AstraZeneca has announced a $400 million investment in its global AZ Forest programme, aiming to plant 200 million trees by 2030. The initiative includes new or expanded projects in Brazil, India, Vietnam, Ghana, and Rwanda, covering over 100,000 hectares worldwide. The investment is part of the company's climate action and aims to restore nature, promote biodiversity, and build ecological and community resilience.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 7:26 am

FFIE

PLTR

Faraday Future Intelligent Electric (FFIE) has secured a $90 million funding commitment led by ATW Partner Funds, with participation from Senyun International. The funding will support the production and delivery of Faraday’s luxury electric SUV, the FF 91. The company is also considering a reverse stock split to increase the market price of its class A common stock and reduce the risk of delisting from the Nasdaq Capital Market.

Portfolio Pulse from Anan Ashraf

June 28, 2023 | 7:20 am

ADAUSD

BTCUSD

DOGEUSD

ETHUSD

A Dogecoin wallet that had been inactive for over 9.3 years has reawakened, now holding more than $1.31 million worth of Dogecoin. This coincides with Circle CEO Jeremy Allaire's expectation of significant demand for digital assets, including Dogecoin, Bitcoin, Ethereum, and Cardano, in emerging markets. The wallet owner is speculated to have acquired the tokens shortly after Dogecoin's launch in 2013. At the time of writing, DOGE was trading at $0.065, up 0.67% in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

June 28, 2023 | 7:01 am

BTCUSD

Robert Kennedy Jr. has reiterated his support for Bitcoin (BTC), promising to safeguard individuals' rights to use and hold the cryptocurrency if he is elected as president. He views Bitcoin as a defense against totalitarianism and manipulation of the money supply, and a tool for more transparent and democratic government institutions. He also expressed his commitment to enabling individuals to manage their own Bitcoin wallets, nodes, and passwords.

Portfolio Pulse from Mehab Qureshi

June 28, 2023 | 4:54 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin saw gains following reports that Fidelity is preparing to submit an application for a Bitcoin ETF in the US. This comes after several other asset managers, including BlackRock, WisdomTree, Invesco, and Bitwise, have filed similar applications. Approval from the SEC is required for these applications. Analysts suggest that if a Bitcoin ETF is approved, it could drive the price of Bitcoin as high as $40,000.

Portfolio Pulse from Mehab Qureshi

June 28, 2023 | 2:53 am

FTHWF

PHRRF

PharmaTher Holdings Ltd. has filed a pre-submission facility correspondence for its novel racemic ketamine KETARX to the FDA, aiming for an expedited review. The company expects KETARX approval in Q1 2024 and a U.S. commercial launch in Q2 2024. Meanwhile, mental healthcare treatment provider Stella has acquired Field Trip’s U.S. assets to expand its treatment offerings. The acquisition will allow Stella to assume operations of Field Trip clinics in New York and Washington D.C.

Portfolio Pulse from Lara Goldstein

June 27, 2023 | 10:05 pm

FCPT

Four Corners Property Trust (FCPT) has acquired an Olive Garden property in Indiana for $3.4M. The property is corporate-operated under a long-term, triple net lease with approximately nine years of term remaining. The transaction was priced at a 6.5% cap rate on rent as of the closing date and exclusive of transaction costs.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2023 | 9:51 pm

GME

GameStop Corp (NYSE:GME) is analyzed as a compelling investment opportunity due to ventures into web3, NFTs, digital video game skins, strategic partnerships, financial stability, e-commerce growth, omnichannel integration, insider ownership, increased brand recognition, and exceptional stock performance. Partnerships with Loopring, Immutable X, and Microsoft are highlighted. Gamestop's stock performance has increased by 2,024% over the last three years, compared to the S&P 500's return of 42% during the same period.

Portfolio Pulse from Kevin Malone

June 27, 2023 | 9:45 pm

MNTK

Montauk Renewables plans to develop a renewable natural gas facility in Orange County, California. The project, expected to be commissioned in 2026, will process large volumes of biogas. The projected capital investment is between $85M and $95M, with a production capacity of approximately 3,600 MMBtu per day.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2023 | 9:38 pm

MLM

Martin Marietta Materials (NYSE:MLM) has outperformed the market over the past 15 years, producing an average annual return of 10.97%. If an investor had bought $100 of MLM stock 15 years ago, it would be worth $457.77 today. The company currently has a market capitalization of $28.02 billion.

Portfolio Pulse from Benzinga Insights

June 27, 2023 | 9:31 pm