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CELZ

A correction has been issued stating that Creative Medical Technology (CELZ) has not filed any new patent applications, contrary to previous reports.

Portfolio Pulse from Charles Gross

March 07, 2024 | 3:04 pm

TSLA

Tesla Inc (NASDAQ:TSLA) shares are declining, marking potentially their worst week since January due to disappointing China sales, a production halt at the Gigafactory in Germany following a suspected arson attack, and lowered analyst price targets. Tesla's China sales dropped significantly in February, with a 15.51% decrease from January and an 18.87% year-over-year decline. The Gigafactory Berlin was forced to halt production due to a power outage caused by a suspected arson attack, claimed by the Volcano Group. Analysts, including Morgan Stanley's Adam Jonas, have lowered price targets and expressed concerns over Tesla's ability to meet delivery numbers this quarter.

Portfolio Pulse from Adam Eckert

March 07, 2024 | 2:16 pm

XEL

Xcel Energy (XEL) has acknowledged its facilities may have been involved in the ignition of the Smokehouse Creek fire in the Texas Panhandle but disputes claims of negligence. The company is cooperating with investigations and conducting its own review. Xcel encourages those with property or livestock losses to submit claims and is working on wildfire mitigation strategies. CEO Bob Frenzel expressed commitment to supporting the community's recovery.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 2:03 pm

AAPL

MSFT

SPOT

Basecamp CTO David Heinemeier Hansson announced a shift back to Microsoft Windows in response to Apple's decision to block progressive web apps (PWA) for iPhone users in the EU, a move that has drawn criticism from developers. Apple's actions, including the termination of Epic Games' developer account and a recent $1.95 billion EU fine, have soured relations with the developer community, with Hansson naming Apple as the new 'enemy #1' of developers.

Portfolio Pulse from Rounak Jain

March 07, 2024 | 1:57 pm

EQT

UGA

UNG

USO

A Houthi missile attack on the M/V True Confidence in the Gulf of Aden killed three and injured several, disrupting global trade and causing freight carriers to avoid the Red Sea route, leading to increased shipping rates. Oil prices have risen to four-month highs amid the Gaza conflict, affecting the United States Oil Fund (USO), which saw a 1.2% rise but a 0.6% dip in pre-market trade. The United States Gasoline Fund ETF (UGA) is up 16%, and the United States Natural Gas Fund ETF (UNG) gained 5.5% after EQT Corporation announced a production cut. Cease-fire talks in Gaza are deadlocked, raising fears of increased regional tensions.

Portfolio Pulse from Neil Dennis

March 07, 2024 | 1:44 pm

ETWO

E2open Parent Holdings, Inc. (NYSE:ETWO) announced the initiation of a strategic review to enhance shareholder value and strengthen its position in the supply chain management software market. The company reaffirmed its FY24 revenue guidance of $628M-$633M. The review aims to explore options for growth and value creation without a set deadline for completion. E2open's financial advisors for the review are Rothschild & Co and Citi, with Kirkland & Ellis as legal counsel.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 1:43 pm

SPRC

SciSparc announced the completion of the granting and validation process for its core-technology patent in certain European countries. This development could potentially enhance the company's intellectual property position and market competitiveness in Europe.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 12:50 pm

MSFT

Marc Andreessen and Steven Sinofsky have publicly supported Elon Musk's stance on open source software amidst his lawsuit against Microsoft-backed OpenAI. Andreessen emphasized the security benefits of open source software on X, countering the notion that it's less secure than closed source. This discussion is part of a larger debate initiated by Musk's criticism of OpenAI for not open-sourcing their AI technology, accusing it of becoming a closed-source subsidiary of Microsoft focused on profit.

Portfolio Pulse from Rounak Jain

March 07, 2024 | 12:27 pm

TSLA

Tesla, Inc. (NASDAQ:TSLA) is on track to decline for the fourth consecutive day amid concerns over a shutdown at its Giga Berlin factory affecting Q1 deliveries. The shutdown, caused by suspected arson leading to a power outage, may result in a loss of 9,000 units of production. Despite this, Future Fund's Gary Black maintains his Q1 delivery estimate at 425,000 units, below the analyst consensus of 474,000 units. Tesla's stock has been trading lower, with a 2.32% drop on Wednesday and a further 1.42% decrease in premarket trading on Thursday.

Portfolio Pulse from Shanthi Rexaline

March 07, 2024 | 12:14 pm

AAPL

Apple Inc. is under scrutiny by the European Union for terminating Epic Games' developer account, preventing it from launching its own app store for iPhone users in Europe. This action could lead to another legal clash and potential penalties under the EU's new Digital Markets Act. The incident is part of ongoing controversies involving Apple's App Store policies, including a recent $1.95 billion EU fine for excluding music-streaming competitors and backlash over a 27% fee on sales from app links.

Portfolio Pulse from Rounak Jain

March 07, 2024 | 11:57 am