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MSTR

MicroStrategy Inc. (NASDAQ:MSTR) co-founder Michael Saylor discussed Bitcoin's (CRYPTO: BTC) rise above $50,000 on CNBC, highlighting the significant impact of ETFs on Bitcoin demand. Saylor emphasized Bitcoin's appeal as an uncorrelated asset and noted a substantial demand-supply gap, with ETFs generating ten times more demand than the supply from miners. MicroStrategy is rebranding as a Bitcoin development company, focusing on leveraging its operations to accumulate more Bitcoin and support the network's growth. Saylor also expressed optimism about using AI and cloud migration to drive revenue growth and mentioned exploring various capital market strategies to benefit shareholders.

Portfolio Pulse from Murtuza Merchant

February 13, 2024 | 2:33 pm

GCTK

Glucotrack, Inc. (NASDAQ:GCTK), a medical device company specializing in diabetes technology, announced Luis Malavé as the new Chairman of its Board of Directors. Malavé, with over 30 years in the MedTech industry, brings extensive experience in diabetes management, product development, and strategic partnerships. His previous roles include leadership positions at EOFLOW CO. Ltd., Palyon Medical, Insulet Corp., and MiniMed. Glucotrack aims to leverage Malavé's expertise to advance its Continuous Blood Glucose Monitor (CBGM) technology and expand its market presence.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 2:32 pm

GCTK

Glucotrack, a company focused on innovative diabetes management solutions, has appointed Luis Malavé as the new Chairman of its Board. This strategic move aims to leverage Malavé's extensive experience in the healthcare sector to guide Glucotrack towards achieving its business objectives and enhancing its market position.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 2:32 pm

AAPL

NVDA

TSLA

Bitcoin, Ethereum, and Dogecoin rally, with Bitcoin surpassing $50K and predictions of reaching $130K. Stellantis adopts Tesla's charging standard, NACS. Various tech and EV companies face challenges and developments, including Apple, Nvidia, and Tesla. Financial markets anticipate inflation data, and geopolitical tensions are highlighted. In the crypto space, significant investments and activities are noted, alongside regulatory and market movements.

Portfolio Pulse from Akanksha Bakshi

February 13, 2024 | 2:21 pm

TMUS

The Veterans Affairs Caribbean Healthcare System has chosen T-Mobile (NASDAQ:TMUS) as its primary wireless provider for a 10-year agreement, covering 15 locations in Puerto Rico and the US Virgin Islands. This partnership aims to leverage T-Mobile's 5G technology for improved patient care, telehealth, and disaster response. T-Mobile will provide wireless lines, mobile internet hotspots, and enhanced in-building 5G coverage, notably at the San Juan VA hospital and a Mayaguez outpatient clinic.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 2:17 pm

FCUV

Focus Universal Inc. has announced the launch of a new software aimed at automating SEC financial reporting for companies. This software is designed to streamline the process of creating and submitting financial reports to the Securities and Exchange Commission (SEC), potentially saving companies significant time and resources.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 2:09 pm

RUM

The U.S. Court of Appeals for the Second Circuit is scheduled to hear oral arguments on Friday regarding a free speech case involving Rumble. This case could have significant implications for the company's operations and its stance on free speech issues.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 2:08 pm

NURO

NeuroMetrix, Inc. (NASDAQ:NURO) is reviewing strategic options to enhance the growth of its Quell neuromodulation and DPNCheck neurodiagnostic businesses, aiming to maximize shareholder value. Options include marketing changes, asset acquisitions or sales, and potential mergers. Ladenburg Thalmann & Co. is advising in this process. No specific transaction or timeline is confirmed. The company aims to manage resources effectively while exploring growth opportunities, especially considering recent changes in Medicare Advantage risk adjustments.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 2:03 pm

OXY

USO

The Biden administration has allocated $1.2 billion to support direct air capture technology, a method to extract CO2 from the atmosphere, with Occidental Petroleum Corp. (OXY) being a main recipient. This initiative aims to help achieve a net zero carbon emissions target by 2050, despite controversy over its potential to extend the oil industry's lifespan. The United States Oil ETF (USO) has seen a 9% increase in value due to rising oil prices and geopolitical concerns.

Portfolio Pulse from Caleb Naysmith

February 13, 2024 | 2:00 pm

ADIL

Adial Pharmaceuticals has expanded its patent estate, which covers the company's unique molecular genetic approach to diagnosing and potentially treating alcohol and drug dependence. This development was exclusively reported to Benzinga.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 1:47 pm