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MMM

SOLV

3M has successfully completed the spin-off of its health care business, resulting in the launch of Solventum Corporation as an independent entity. Solventum is now publicly traded on the New York Stock Exchange under the ticker symbol SOLV.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 10:36 am

AKTX

Akari Therapeutics reported a cash position of approximately $3.8M as of December 31, 2023. In March 2024, the company raised around $2M through a private placement and plans to secure more capital in Q2 of 2024.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 10:35 am

AVTX

Avalo Therapeutics announced a cash balance of $7.4M and a capital raise of $185M in March 2024, expected to extend its cash runway into 2027.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 10:24 am

MIGI

Mawson Infra Gr (MIGI) reported Q4 sales of $14.02M, surpassing the $9.75M estimate, marking a 43.79% beat but a 16.81% decrease from last year's $16.85M. The company produced 193 BTC in the quarter.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 10:10 am

ARB

DOGE

ETH

WIF

BitMEX co-founder Arthur Hayes and Real Vision CEO Raoul Pal discussed the value meme coins bring to the crypto industry by attracting attention and new participants. They highlighted the popularity of meme coins among younger investors and mentioned the success of the Solana-based memecoin dogwifhat (WIF), which recently surpassed Arbitrum (ARB) in market cap. Ethereum co-founder Vitalik Buterin also commented on memecoins, suggesting they could be made useful or charitable.

Portfolio Pulse from Mehab Qureshi

April 01, 2024 | 9:31 am

GOOG

GOOGL

MSFT

NVDA

Sir Demis Hassabis, co-founder of Google DeepMind, expressed concerns over the exaggerated hype surrounding artificial intelligence (AI), comparing it to the crypto buzz. He believes this overshadows real scientific progress in AI. Despite the hype, Hassabis remains optimistic about AI's transformative potential, citing DeepMind's AlphaFold as a significant advancement. The article also mentions the surge in funding for AI startups and the interest in major tech companies like Microsoft, Alphabet, and Nvidia, which are leading the AI revolution.

Portfolio Pulse from Benzinga Neuro

April 01, 2024 | 8:07 am

USDTUSD

Andrey Zverev, a Russian middleman, has been using Tether (USDT) to facilitate transactions for Russian companies to procure high-tech equipment and weapons parts, bypassing Western sanctions. The U.S. Treasury Department is seeking legislation to block transactions in U.S. dollar-denominated stablecoins like Tether in response to their use in evading sanctions.

Portfolio Pulse from Benzinga Neuro

April 01, 2024 | 6:58 am

MIMO

Airspan Networks Inc. is set to receive up to $95 million in new equity financing and will eliminate all existing funded debt. The company has entered an agreement with creditors to strengthen its financial foundation and adjust its balance sheet. As a result, Airspan will transition into a private entity, majority-owned by Fortress, with a robust balance sheet and enhanced financial flexibility. The company will continue its operations normally while it undergoes a prepackaged recapitalization process, which is expedited and has the full support of all major creditors. Additionally, Airspan has secured over $53 million in Debtor-in-Possession (DIP) financing to support its operations during this period.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 6:35 am

DOGEUSD

Crypto analysts are closely monitoring Dogecoin (DOGE), predicting a potential massive parabolic bull run, mirroring its 2018-2021 performance. Analysts Ali Martinez, Bluntz, and Altcoin Sherpa highlight DOGE's promising patterns and predict substantial price increases. The interest in DOGE futures has peaked, with open interest surpassing $2 billion. Dogecoin's integration into Elon Musk's ventures and its status as a leading memecoin contribute to its speculative appeal.

Portfolio Pulse from Mehab Qureshi

April 01, 2024 | 6:27 am

BBJP

DXJ

EWJ

Japan's Tankan survey for Q1 reported a significant decrease in capital expenditure by large industries to 4.0%, compared to the estimated 9.2% and a revised prior of 13.2%.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 5:04 am