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PXMD

PaxMedica (PXMD) shares surged 171% after announcing the completion of pivotal batches of PAX-101. NextPlat (NXPL) shares rose 98% with an increase in FY23 revenue. Globe Life (GL) shares increased 14% despite a short report from Fuzzy Panda Research, which the company refuted.

Portfolio Pulse from ryanfaloona@benzinga.com

April 12, 2024 | 12:43 pm

GL

Globe Life shares experienced increased volatility and traded higher after a short report from Fuzzy Panda Research. The company responded by refuting the allegations in the report.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 12:41 pm

ADAP

Adaptimmune Therapeutics announced that its unit received a notice of termination for its strategic collaboration and license agreement with Genentech. The termination will be effective 180 days after receipt, resulting in Adaptimmune not being entitled to further milestones or payments post-termination.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 12:13 pm

PRTG

Portage Biotech Inc. (NASDAQ:PRTG) is expanding its strategic alternatives review and pausing further enrollment in the ADPORT-601 clinical trial to extend its cash runway. The company is exploring options including partnerships, asset sales, a company sale, mergers, restructurings, or a wind down. There's no assurance that this process will result in any agreements or successful transactions.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 12:06 pm

BA

Boeing Co (NYSE:BA) disclosed in a securities filing that an internal review found executives, including CEO David Calhoun, took personal trips on company jets misclassified as business travel, exceeding $500,000. The review, prompted by a Wall Street Journal investigation, led to revised disclosures for 2021 and 2022, aligning with SEC rules. Boeing's board mandates CEO's private jet use for security reasons. The company reported $514,000 in personal flights for Calhoun in 2023, as part of his compensation. BA shares slightly rose by 0.05% in premarket trading.

Portfolio Pulse from Shivani Kumaresan

April 12, 2024 | 10:50 am

GOOG

GOOGL

SPY

Epic Games has requested a U.S. judge to mandate changes to the Google Play Store following a favorable antitrust trial verdict. This move could potentially reshape the app distribution landscape on Android devices, impacting Google's control and revenue from its app store.

Portfolio Pulse from Charles Gross

April 12, 2024 | 9:38 am

TSLA

Pierre Ferragu, a New Street Research analyst and Tesla Inc. bull, expressed optimism about Elon Musk's artificial intelligence venture, xAI, on X (formerly Twitter). He highlighted xAI's cost advantage, Musk's leadership, and its potential as a distribution asset. Ferragu's comments come amid controversies surrounding xAI, including accusations of plagiarizing OpenAI's codebase. Meanwhile, OpenAI announced upgrades to its GPT-4 Turbo model, indicating intensifying competition in the AI sector.

Portfolio Pulse from Ananya Gairola

April 12, 2024 | 8:27 am

SOL

Marginfi, a Solana-based DeFi protocol, experienced over $214 million in withdrawals following the resignation of its CEO, Edgar Pavlovsky, due to internal disagreements. The departure led to significant fund outflows and a public dispute with Solana staking pool SolBlaze over governance token management. Competitor Solend capitalized on the situation by offering airdrops to dissatisfied Marginfi users. Despite these challenges, Marginfi is committed to mending its partnership with SolBlaze and moving forward.

Portfolio Pulse from Benzinga Neuro

April 12, 2024 | 6:52 am

F

U.S. safety regulators are investigating two fatal crashes involving Ford Motor Company's Mustang Mach-E vehicles using the BlueCruise system. The incidents occurred in Texas and Philadelphia, raising concerns about the safety of autonomous driving technologies. Ford is cooperating with the investigations by the NTSB and NHTSA. These events have spotlighted the risks of advanced driving systems and may impact Ford's reputation, despite the company's ongoing innovations in the electric vehicle market.

Portfolio Pulse from Benzinga Neuro

April 12, 2024 | 6:48 am

MSFT

Russian government-linked hackers, identified as Midnight Blizzard, have stolen emails between several U.S. federal agencies and Microsoft Corporation (NASDAQ:MSFT), according to the Cybersecurity and Infrastructure Security Agency (CISA). This breach, part of a prolonged hack disclosed in an emergency directive by CISA, marks the first official acknowledgment of compromised federal agency emails with Microsoft. The directive requires federal agencies to reset credentials for compromised accounts. Microsoft is working with affected customers and CISA to mitigate the breach, which is part of a series of security incidents involving Russian hackers targeting Microsoft and other organizations.

Portfolio Pulse from Ananya Gairola

April 12, 2024 | 1:15 am