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NVVE

Nuvve Holding Corp. (NASDAQ:NVVE) shares fell after the company filed for a public offering of 2.3 million shares, along with various series of warrants. Additionally, CEO Gregory Poilasne's employment agreement was amended, with a salary change scheduled for 2024. The company was awarded a $16 million project for fleet electrification, and there was a change in board leadership with Jon M. Montgomery appointed as Interim Chairperson following Rashida La Lande's resignation. NVVE shares dropped 28.7% to $3.55.

Portfolio Pulse from Nabaparna Bhattacharya

January 26, 2024 | 6:56 pm

CDNA

NTRA

CareDx, Inc. (CDNA) experienced a drop in its stock price after a jury ruled in favor of Natera, Inc. (NTRA) in a patent infringement lawsuit. The legal battle concerned patents related to non-invasive monitoring of organ transplant rejection. The verdict is likely to have a negative impact on CareDx's market position and could benefit Natera by solidifying its competitive stance in the market.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 6:41 pm

CDNA

NTRA

CareDx has reportedly lost a patent case to Natera, which could have implications for the company's intellectual property rights and competitive position.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 6:29 pm

GRFS

Grifols has filed a lawsuit in the U.S. District Court for the Southern District of New York against Daniel Yu, Gotham City Research, General Industrial Partners, Cyrus De Weck, and their affiliates. The lawsuit seeks to address financial and reputational damages suffered by Grifols and its stakeholders due to the defendants' actions. The complaint alleges that the defendants took a large short position in Grifols and then published a report with false statements about the company's accounting, disclosures, financial condition, and integrity. Grifols is seeking both injunctive and monetary relief and aims to hold the defendants fully accountable for their alleged wrongful conduct.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 6:01 pm

UBER

Uber has filed an appeal against the Paris Mayor's order to exclude VTCs (vehicle for hire services) from operating on Rue de Rivoli and Rue Saint-Antoine, two central streets in Paris. This move comes as part of the city's efforts to reduce traffic and pollution. The exclusion could impact Uber's operations in the city, potentially affecting the company's revenue and market presence in Paris.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 5:19 pm

EIS

SPY

The U.S. State Department has stated that the International Court of Justice's ruling aligns with the U.S. perspective that Israel has the right to take measures to prevent future attacks like those that occurred on October 7. Furthermore, the U.S. maintains its stance that accusations of genocide against Israel are baseless, as reported by Reuters citing a State Department spokesperson.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 5:06 pm

AAL

DAL

JBLU

LUV

SAVE

UAL

Spirit Airlines (NYSE:SAVE) stock dropped 18% on Friday after JetBlue Airways (NASDAQ:JBLU) reported it could not meet all conditions of their $3.8 billion merger deal by the deadline. The deal, which faces antitrust challenges, may be terminated after January 28, 2024. Spirit's shares have fallen over 60% since the antitrust ruling. JetBlue would owe Spirit $70 million or $400 million to shareholders if the merger fails. Spirit anticipates Q4 2023 revenue at the high end of guidance, expecting $1.32 billion against a $1.31 billion consensus. As of December 31, 2023, Spirit had $1.3 billion in liquidity.

Portfolio Pulse from Anusuya Lahiri

January 26, 2024 | 4:41 pm

SPY

Donald Trump is back in the courtroom for the defamation trial brought by E. Jean Carroll. His lawyer is set to deliver closing arguments. The case has garnered significant media attention due to Trump's high profile.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 4:18 pm

HUT

Hut 8 Corp. (NASDAQ:HUT) shares are rising after the announcement of its CCO Matt Prusak's departure to become CEO of a new bitcoin mining company formed from Celsius Network LLC's bankruptcy. Hut 8 will provide managed services for this new company's operations in Texas. The company also responded to a short-seller report from J Capital Research, claiming it aims to harm Hut 8's share price. Additionally, Hut 8's stock movement may correlate with Bitcoin's price changes.

Portfolio Pulse from Erica Kollmann

January 26, 2024 | 3:52 pm

COIN

Oppenheimer upgraded Coinbase Global (NASDAQ:COIN) to an Outperform rating with a price target of $160. The upgrade is based on the expectation that Coinbase will have a favorable outcome in its legal battle with the SEC, citing recent legal precedents and the SEC's regulatory scope. The introduction of a spot Bitcoin ETF is seen as less competitive due to Coinbase's diverse offerings. Positive earnings per share are expected for Q4 2023 or early 2024, supported by increased trading volume. The report highlights potential catalysts for growth, including market share gains, premium pricing, new crypto ETF products, international expansion, and a strong financial base.

Portfolio Pulse from Murtuza Merchant

January 26, 2024 | 3:44 pm