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USDCUSD

Stripe is re-entering the cryptocurrency market, focusing on stablecoins for online payments, as announced at their annual conference. Co-founder John Collison cited technical improvements in the crypto space, such as faster transaction speeds and lower fees, as key reasons for this shift. Stripe showcased a payment using Circle's USDC stablecoin, highlighting the growing importance of stablecoins in financial technology. This move comes after Stripe's initial, unsuccessful attempt to integrate Bitcoin payments a decade ago and is part of a broader engagement with the crypto space, including facilitating crypto payouts and launching a crypto on-ramp service in 2022.

Portfolio Pulse from Murtuza Merchant

April 26, 2024 | 1:57 pm

META

ByteDance, the parent company of TikTok and rival to Meta Platforms Inc (NASDAQ:META), is considering shutting down TikTok in the U.S. rather than selling it amid legal battles. Despite TikTok's significant U.S. revenue contribution, ByteDance prefers a shutdown to protect its core algorithms. The company has denied plans to sell TikTok and is confident in overcoming legal challenges. The U.S. legislation gives ByteDance nine months to sell TikTok or face a ban, with a potential 90-day extension.

Portfolio Pulse from Shivani Kumaresan

April 26, 2024 | 1:31 pm

TVGN

Tevogen Bio Holdings Inc. (NASDAQ:TVGN) announced the elimination of $94.9M in liabilities through the conversion of promissory notes into common stock, now part of its 165 million outstanding shares. The company's CEO highlighted this financial improvement and introduced the Tevogen.ai initiative, aimed at leveraging AI in drug discovery, development, and distribution. Leadership appointments include Mittul Mehta as CIO and Head of Tevogen.ai, and Tapan V. Shah as Head of Investor Relations and Corporate Development. Tevogen Bio focuses on developing T cell therapeutics in virology, oncology, and neurology.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 1:30 pm

ARVLF

FDX

UPS

ZEVY

UPS and FedEx face challenges in transitioning to electric delivery vehicles due to U.S. supply uncertainties, including battery shortages and financial issues among electric van startups. This shift is part of their effort to align with environmental goals and U.S. President Joe Biden's climate objectives. Concerns about the sustainability of electric van suppliers and the loss of California incentives, which previously helped offset the high costs of EVs, complicate their efforts. UPS remains committed to incorporating EVs and eco-friendly vehicles, while FedEx explores lower-emission trucks. Manufacturers like Arrival SA and Lightning Emotors Inc face financial difficulties, impacting their ability to supply vehicles.

Portfolio Pulse from Shivani Kumaresan

April 26, 2024 | 1:23 pm

AZPN

Aspen Technology, Inc. (NASDAQ:AZPN) has launched AspenTech Strategic Planning for Sustainability Pathways, a new solution for optimizing carbon capture investments, developed in collaboration with Aramco. This initiative is part of an expanded co-innovation program aimed at enhancing sustainability and operational performance across various industries. The solution is designed to assist companies in making informed decisions on carbon capture utilization and storage, aligning with global net-zero objectives.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 1:06 pm

ARRY

Array Technologies (NASDAQ: ARRY) announced the groundbreaking of a new $50+ million solar manufacturing campus in Bernalillo County, New Mexico, in collaboration with U.S. Energy Secretary Granholm and New Mexico Senators. The facility, supported by the Inflation Reduction Act and state and local investments, aims to create over 300 jobs and strengthen the domestic solar supply chain, marking a significant investment in clean energy and American manufacturing.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 12:48 pm

RGTI

Rigetti Computing, Inc. (NASDAQ:RGTI) announced the launch of the Novera QPU Partner Program, aimed at enabling high-performing, on-premises quantum computing through an ecosystem of hardware, software, and service providers. The program includes founding members like Bluefors, Quantum Machines, and others, offering components like control systems and cryogenics. The Novera QPU, a 9-qubit quantum processing unit, is based on Rigetti's Ankaa-class architecture and is manufactured in their dedicated quantum device facility. The program aims to support the development of quantum computing capabilities and has already seen sales to US government labs and Horizon Quantum Computing.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 12:38 pm

WISA

WiSA Technologies, under CEO Brett Moyer, announced significant developments including the introduction of WiSA E technology and the Propel program aimed at enhancing shareholder value, revenue growth, and industry leadership. The company is preparing for a Special Meeting of Stockholders on May 13, 2024, to vote on proposals crucial for the Propel program's success, including a reverse stock split and amendments to the corporation's governance. WiSA Technologies is positioning itself for long-term success in the spatial audio industry through partnerships, licensing agreements, and strategic initiatives.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 12:38 pm

GILD

The FDA has approved an updated label for Gilead Sciences' Biktarvy, including additional data supporting its safety and efficacy for treating pregnant adults with HIV-1. This makes Biktarvy the only second-generation integrase strand transfer inhibitor (INSTI)-based single-tablet regimen with FDA approval for this group. The update is based on Study 5310, which showed maintained viral suppression and no new safety concerns during and post-pregnancy. The DHHS perinatal guidelines now recommend Biktarvy as an alternative regimen for pregnancy and conception.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 12:05 pm

SAIA

Saia announces the planned retirement of Douglas Col, the company's Executive Vice President and Chief Financial Officer, after a decade of service, including the last four years at Saia. Col will remain in his positions until a successor is announced.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 11:48 am