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Donald Trump, during a campaign speech, endorsed cryptocurrencies and expressed his intention to allow crypto donations to his 2024 campaign. He also commented negatively on a meme coin parodying Joe Biden, which then surged over 14%. Trump's crypto portfolio is valued over $5.6 million, including MAGA Coin, Ethereum, Wrapped Ether, and other memecoins. His stance on Bitcoin has softened, contrasting with the Biden administration's veto against legislation for financial institutions to hold cryptocurrencies. Standard Chartered predicts a positive outlook for cryptocurrencies if Trump is re-elected.

Portfolio Pulse from Aniket Verma

May 09, 2024 | 8:10 am

AAPL

Apple Inc.'s new iPad advertisement, showcasing the destruction of creative tools by a new iPad, has faced backlash from the creator community. Critics argue it symbolizes the replacement of human creativity with artificial intelligence. Despite the controversy, Apple continues to promote its latest iPad models, including the iPad Pro with the M4 chip and the iPad Air with the M2 chip, aiming to drive growth in its iPad business.

Portfolio Pulse from Kaustubh Bagalkote

May 09, 2024 | 8:07 am

AAPL

Apple Inc. (NASDAQ:AAPL) is facing challenges in finding a successor for CEO Tim Cook as he approaches potential retirement. With no clear timeline for Cook's departure, the company considers COO Jeff Williams and head of hardware engineering John Ternus as potential successors, despite concerns about their suitability for long-term leadership. Apple's recent financial performance remains strong, with a $110 billion stock buyback program and a slight dividend increase announced.

Portfolio Pulse from Ananya Gairola

May 09, 2024 | 7:27 am

TSE

Trinseo anticipates a net loss of $53M to $38M for Q2 2024, with an Adjusted EBITDA of $60M to $75M. Positive earnings momentum from Q1 is expected to continue, supported by stable sales, margin levels, and the turnaround at Americas Styrenics. The company sees a seasonally stronger period for building and construction applications and benefits from tight styrene and MMA markets. Trinseo also highlights the financial gains from its asset and cost optimization efforts over the past 18 months and considers further actions, including the potential closure of its Stade, Germany plant. Liquidity preservation remains a top priority despite adequate access to liquidity.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 11:21 pm

AMC

DIS

WBD

Despite a challenging year for Hollywood with a weak box office forecast for 2024, layoffs, and strikes, CEOs of major studios like Disney and Warner Bros. Discovery received significant pay raises. Disney's Bob Iger saw a 110.7% increase in his salary, despite Disney's stock hitting a 10-year low and making 7,000 job cuts. Warner Bros. Discovery's David Zaslav received a 26.5% salary increase, even as the company faced significant layoffs and a stock low in the first quarter of 2024. Both companies, however, reported some financial positives, with Disney's revenues growing by 7% and Warner Bros. exceeding cash flow projections by $1 billion.

Portfolio Pulse from Anthony Noto

May 08, 2024 | 11:08 pm

PX

P10, Inc. (NYSE:PX) announced governance changes including the appointment of Luke Sarsfield as Chairman effective June 14, 2024, and the termination of its stockholder rights plan effective May 8, 2024. These changes follow the appointment of Tracey Benford as an independent director in April. The termination of the stockholder rights plan is aimed at improving governance policy, as it is no longer necessary for preserving federal income tax benefits.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 10:01 pm

ANIK

Anika Therapeutics, Inc. (NASDAQ:ANIK) announced the appointment of Steve Griffin as CFO, effective June 3, 2024, succeeding Michael Levitz. Levitz will assist in the transition until December 31, 2024. The leadership change aims to accelerate Anika's pivot to profitability, leveraging Griffin's strategic and financial expertise. Anika, a leader in orthopedics, focuses on hyaluronic acid business and product development in high-opportunity areas.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 9:56 pm

ESEA

Euroseas Ltd. (NASDAQ:ESEA) has entered into a time charter contract for its new 1,800 teu feeder containership, M/V Monica, for 10-12 months at $16,000/day, expected to start in mid-May 2024. The deal is financed partly by a $22.5 million loan from the National Bank of Fujairah. This charter is anticipated to contribute approximately $2.7 million of EBITDA for the minimum period and increases Euroseas' 2024 charter coverage to over 85%. The financing, advised by Alantra DIFC, also covers the sister ship M/V Stefania K, showcasing a commitment to sustainable maritime practices.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 9:51 pm

PBHC

Pathfinder Bancorp, Inc. (PBHC) announced the retirement of CFO Walter F. Rusnak, effective June 28, 2024, and named Justin K. Bigham as his successor. Rusnak, who joined Pathfinder in 2015, will remain in an advisory role to ensure a smooth transition. His contributions have been pivotal in Pathfinder's strategic initiatives and growth, including a common stock offering in 2019 and the acquisition of the East Syracuse branch of Berkshire Bank.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 9:49 pm

DOX

Amdocs (NASDAQ:DOX) has been selected by Japan's JCOM for a multi-year project aimed at business and operations transformation. The project, in partnership with SCSK, focuses on improving operational efficiencies, customer experiences, and unlocking new revenue opportunities in the broadband market. Amdocs will provide digital solutions to help JCOM align with evolving business needs and accelerate sales growth.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 9:33 pm