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BNIX

Bannix Acquisition Corp (BNIX) and Tokenize mutually agreed to terminate their patent purchase agreement, a decision that was also consented to by GBT Technologies Corp, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 8:36 pm

AAPL

AMD

NVDA

RDDT

TSLA

The Federal Reserve's indication of potential rate cuts this year has propelled Wall Street to record highs, with significant gains for the S&P 500, Nasdaq 100, and Dow Jones. Nvidia (NVDA) continued its upward trajectory, marking 11 weeks of gains. ARK Investment predicts a massive valuation for disruptive technologies by 2030. Reddit's IPO saw a substantial increase, while Nvidia, AMD, and Apple faced various challenges and opportunities. Elon Musk's comments on ketamine use also drew attention.

Portfolio Pulse from Piero Cingari

March 22, 2024 | 8:34 pm

GAME

GameSquare Holdings, Inc. announced its voluntary delisting from the TSX Venture Exchange (TSXV) while maintaining its listing on the NASDAQ Capital Market under the symbol 'GAME'. The delisting, effective around March 28, 2024, aims to reduce expenses and administrative efforts, potentially improving liquidity and shareholder value. Additionally, GameSquare received a further investment of $1,000,000 in a convertible debenture, increasing its principal balance to $2,250,000. This amendment, involving a director, is considered a related party transaction but meets exemption criteria under MI 61-101.

Portfolio Pulse from Happy Mohamed

March 22, 2024 | 8:23 pm

COIN

SEC Chair Gary Gensler emphasized the need for transparency and regulatory compliance in the cryptocurrency sector, highlighting the lack of registration and mandatory disclosure among crypto securities markets. He pointed out that crypto markets require regulatory clarity and oversight, advocating for cryptocurrency exchanges and related firms to register with the SEC. Legal actions have been taken against platforms like Coinbase Inc. (NASDAQ:COIN) for operating without necessary registration. Gensler also stressed the importance of disclosures on executive compensation, climate change, and cyber threats.

Portfolio Pulse from Murtuza Merchant

March 22, 2024 | 7:19 pm

OCGN

Ocugen's stock is trading higher following the Third Circuit Court of Appeals' decision to uphold the dismissal of consolidated securities class action lawsuits against the company.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 6:20 pm

SPY

Republican U.S. Representative Mike Gallagher is reportedly planning to leave Congress in April, before the end of his term, according to Reuters citing two sources.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 6:01 pm

OCGN

The Third Circuit Court of Appeals upheld the Eastern District of Pennsylvania's decision to dismiss with prejudice consolidated securities class action lawsuits against Ocugen, as reported in an SEC filing on March 21.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 5:58 pm

AMRX

TEVA

The FTC has filed an amicus brief in a patent dispute involving Teva and Amneal, aiming to address Teva's alleged patent abuse and promote affordable drugs and generic competition.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 5:56 pm

AAPL

FTEC

IYW

MSFT

The DOJ has filed an antitrust lawsuit against Apple, which analysts believe will be a long process but ultimately not lead to significant changes in Apple's business model. Analysts from Wedbush, Morgan Stanley, and Evercore ISI maintain positive ratings on Apple, citing AI opportunities and the company's strong position despite the lawsuit. The case is part of broader antitrust efforts against Big Tech. Apple's stock has gained over 9% in the last 12 months, and exposure to Apple's stock can also be gained through FTEC and IYW ETFs.

Portfolio Pulse from Anusuya Lahiri

March 22, 2024 | 5:37 pm

SPY

House GOP has requested additional documents from Hawaiian Electric in an ongoing investigation. The probe's details are not specified, but the request indicates a heightened scrutiny of the company's operations or compliance with regulations.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 4:16 pm