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BLK

In BlackRock Inc. (NYSE:BLK) CEO Larry Fink's annual letter, he highlights the urgent need to address the global retirement crisis, emphasizing the disparity between life expectancy and financial stability in retirement. Fink criticizes the U.S. retirement system's approach, suggesting reforms and learning from international models like the Netherlands. He also points out barriers to retirement investing in the U.S. and calls for efforts to restore hope and trust in future generations by investing in their long-term goals.

Portfolio Pulse from Piero Cingari

March 26, 2024 | 2:03 pm

OPGN

OpGen Inc (NASDAQ:OPGN) shares surged after announcing a securities purchase agreement with David Lazar for 3 million shares of Series E Convertible Preferred Stock, totaling $3.0 million. The funds will be used for debt repayment and general corporate purposes. Lazar's investment led to significant board changes, including his upcoming appointment as CEO. The deal also includes settling liabilities with the European Investment Bank and Curetis. OPGN shares jumped 50.1% to $0.71.

Portfolio Pulse from Vandana Singh

March 26, 2024 | 1:52 pm

AIEQ

BKES

QRFT

ROBO

U.S. Representative Earl Blumenauer has raised concerns about the FDA's oversight of Elon Musk's Neuralink, following a report revealing issues at the company's facilities. Despite these concerns, Neuralink has made significant progress in brain-chip technology, moving from animal testing to human trials. The FDA has responded to the inquiries, stating its commitment to ensuring the safety of human trials. Neuralink's technology, demonstrated through a live stream, shows a paralyzed patient playing chess, highlighting its potential to improve lives.

Portfolio Pulse from Vandana Singh

March 26, 2024 | 1:30 pm

SPY

TSLA

The article covers a wide range of topics from the crypto market's recovery, with Bitcoin touching $70K and Ethereum and Dogecoin also bouncing upward, to various US and world political and economic news. It mentions Tesla's rollout of a free Full Self-Driving trial in the US, the London Stock Exchange's significant bet on Bitcoin and Ether, and predictions of stock market rallies by Goldman Sachs and Bank of America. Additionally, it touches on tech news including antitrust lawsuits against major companies, AI developments, and electric vehicle updates, including debates on Tesla's EVs versus hybrids.

Portfolio Pulse from Akanksha Bakshi

March 26, 2024 | 1:23 pm

BTTR

Better Choice Company, Inc. (BTTR) has initiated legal action against Alphia, Inc. for failing to close the asset sale of Halo, Purely for Pets, Inc., a subsidiary of Better Choice, as per their agreement. Better Choice is seeking to enforce the right of first refusal option exercised by Alphia and is demanding monetary damages in excess of $19 million for Alphia's misconduct. The legal action follows unsuccessful attempts to communicate with Alphia and its controlling firm, PAI Partners.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 1:18 pm

MA

V

Visa has reached a settlement with U.S. merchants, agreeing to reduce rates and guarantee no rate increases for at least five years. This settlement resolves claims against Visa, Mastercard, and other defendants.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 12:46 pm

NSC

Ancora Holdings Group, LLC, a significant shareholder of Norfolk Southern Corporation (NYSE:NSC), has announced its intention to nominate seven director candidates for Norfolk Southern's Board at the 2024 Annual Meeting. Ancora aims to implement a leadership strategy to achieve a 57% operating ratio and recapture high-margin growth within 36 months, leveraging the proposed team's extensive experience in transportation and change management. The proposed leadership includes former UPS President of International and COO, Jim Barber, as CEO, and former EVP of Operations at CSX, Jamie Boychuk, as COO. Ancora urges shareholders to vote using the BLUE Proxy Card to elect its slate and advocate for leadership change following Norfolk Southern's crises and underperformance.

Portfolio Pulse from Happy Mohamed

March 26, 2024 | 12:38 pm

WEWKQ

Adam Neumann, the ousted co-founder of WeWork, has made a bid exceeding $500 million to reclaim the company, which is currently navigating through bankruptcy. WeWork, once valued at $47 billion, filed for Chapter 11 in November and is working towards restructuring. Neumann's bid comes after his previous interest in a bid alongside Dan Loeb’s Third Point hedge fund, which is not involved in the current offer. SoftBank Group Corp, a key investor in WeWork, wrote off its entire investment in the company in Q4 2023.

Portfolio Pulse from Benzinga Neuro

March 26, 2024 | 11:43 am

BYDDF

NIO

China has filed a WTO complaint against the U.S. over its EV tax credit program, claiming it discriminates against foreign manufacturers by requiring EVs to be assembled in North America with domestically sourced batteries. The Inflation Reduction Act's provisions are said to distort competition and disrupt the global NEV supply chain. Chinese EV maker BYD, now leading in global sales, and Nio Inc. express concerns over market access and treatment compared to U.S. companies.

Portfolio Pulse from Benzinga Neuro

March 26, 2024 | 11:36 am

AAPL

AMZN

GOOG

Jim Cramer has expressed skepticism about the antitrust lawsuits filed against Apple, Google, and Amazon by the FTC and DOJ, suggesting that the government's motives are more about controlling these companies' power than addressing legal violations. The lawsuits accuse Amazon of using monopoly power to inflate prices, Google of abusing its dominance in search and digital advertising, and Apple of maintaining a smartphone monopoly. Despite these allegations, Cramer believes these companies have not broken any laws and criticizes the government's approach. Meanwhile, major investment banks remain optimistic about Apple's prospects.

Portfolio Pulse from Rounak Jain

March 26, 2024 | 11:31 am