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GSK

ROIV

Vivek Ramaswamy, founder of Roivant Sciences Ltd. (NASDAQ:ROIV), and Warren Buffett share similarities in their investment strategies and views on social issues. Ramaswamy once aspired to make Roivant the 'Berkshire Hathaway' of drug development. Roivant bought an Alzheimer's drug candidate from GlaxoSmithKline (NYSE:GSK) in 2015, which was later shelved after unsuccessful clinical trials. Both Ramaswamy and Buffett are critical of companies and investment managers pursuing social agendas at the expense of their fiduciary duties.

Portfolio Pulse from Shanthi Rexaline

September 04, 2023 | 6:39 am

SWIN

Solowin Holdings Limited (NASDAQ:SWIN) is set to start trading publicly on Sept. 7, 2023. The company's price band is set between $4.00 and $6.00 with an insider lock-up period of 180 days. Solowin Holdings Limited will be offering 2,500,000 shares at a per-share value of $5.00.

Portfolio Pulse from Benzinga Insights

September 04, 2023 | 12:34 am

AAPL

NVDA

SFTBY

Arm Holdings, a chip designer under SoftBank Group, is preparing for its IPO next week with a potential valuation of $50-$54 billion. The company's share price is expected to be between $47 and $51, which could result in an offering of $5-$5.4 billion. This valuation is lower than the $64 billion at which SoftBank recently acquired its 25% stake in the firm. Major companies including Apple, NVIDIA, Alphabet, AMD, Intel, Samsung, Cadence Design Systems, and Synopsys have shown interest in the IPO.

Portfolio Pulse from Bibhu Pattnaik

September 03, 2023 | 4:30 pm

AAPL

BRK-A

BRK-B

TSLA

Warren Buffett and Elon Musk share a business acumen of controlling critical access points. Buffett, chairman of Berkshire Hathaway, is drawn to steady income sources like toll roads, while Tesla CEO Musk focuses on managing bottlenecks. Buffett's investment in Apple, with its robust brand and control over the App Store, is an example of his strategy. Musk, on the other hand, has strengthened Tesla's competitive stance by investing in battery innovation to overcome limitations in electric vehicles.

Portfolio Pulse from Bibhu Pattnaik

September 03, 2023 | 3:18 pm

HOOD

Financial statements reveal transactions favoring top executives at FTX, a cryptocurrency exchange, before its downfall in late 2022. Notably, $2.51 million was transferred from FTX to the American Yacht Group for Sam Trabucco, former co-CEO of Alameda Research. Cash payments were also made to several FTX executives, including Bankman-Fried and co-founder Gary Wang. Additionally, Bankman-Fried and Wang acquired shares of Robinhood (NASDAQ:HOOD) in spring 2022, which were later seized by the U.S. Department of Justice and repurchased by Robinhood.

Portfolio Pulse from Bibhu Pattnaik

September 03, 2023 | 2:12 pm

ACHR

ARKQ

STLA

In an interview with Benzinga’s CEO, Ark Invest founder Cathie Wood expressed optimism about the electric vertical takeoff and landing (eVTOL) industry, particularly air taxis. She highlighted Ark's $50 million position in Archer Aviation Inc (ACHR), a leader in the eVTOL space. Wood also mentioned Archer's recent patent lawsuit settlement with Boeing (BA) and its partnership with Stellantis NV (STLA).

Portfolio Pulse from AJ Fabino

September 03, 2023 | 12:44 pm

AAPL

DOGEUSD

NVDA

TSLA

The Dow Jones and the Nasdaq Composite had their best weeks since July, with increases of 1.4% and 3.3% respectively, while the S&P 500 saw its highest weekly gain since June at 2.5%. Unemployment in the U.S. rose slightly to 3.8% in August. Benzinga reports bullish outlooks on Nvidia Corp and Apple Inc, predicting a 12% to 15% rally by year's end. Crypto analyst Michael Van de Poppe predicts a 150% surge in Dogecoin if Elon Musk integrates the cryptocurrency into his platform. Tesla, Inc. is offering significant discounts on its Model 3 inventory in the U.S. and Canada, raising concerns about demand and margins.

Portfolio Pulse from Michael Cohen

September 02, 2023 | 1:22 pm

INDI

indie Semiconductor (NASDAQ:INDI) has expanded its operations to include a quality lab facility at its engineering center in Dresden, Germany. The lab will provide comprehensive characterization, stress testing, and failure analysis for indie's system-on-chip (SoCs) and system solutions. The expansion is part of indie's commitment to the automotive market and its strategy to provide superior in-house technical support for its customers.

Portfolio Pulse from Happy Mohamed

September 01, 2023 | 8:50 pm

CTSO

CytoSorbents Corporation (NASDAQ:CTSO) announced the resignation of CFO Alexander D'Amico, effective August 28, 2023. The company and D'Amico have mutually agreed to terminate his employment agreement, with no severance payments or equity vesting. Kathleen Bloch will continue to serve as the Interim CFO.

Portfolio Pulse from Happy Mohamed

September 01, 2023 | 8:49 pm

WeWork Inc. (NYSE:WE) has completed a 1-for-40 reverse stock split of its Class A and Class C Common Stock. The split is effective from 4:01 p.m. Eastern Time today, and the Class A Common Stock will begin trading on a split-adjusted basis on September 5, 2023. The move is aimed at regaining compliance with the $1.00 per share minimum closing price required for continued listing on the NYSE. The company does not expect the split to impact its current or future business operations.

Portfolio Pulse from Happy Mohamed

September 01, 2023 | 8:20 pm