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ADAUSD

Cardano's (ADA) anticipated stablecoin Mehen (USDM) launch has been delayed from January 16, 2024, to March 16, 2024, due to issues found in an audit by Sundae Labs. The delay aims to address security concerns and future-proof the smart contracts. Cardano's price has fallen 12.1% over the past month. K33 Research released a bearish report on Cardano, suggesting selling all ADA due to a lack of meaningful activity and stablecoin support, predicting ADA could become worthless if the situation doesn't improve.

Portfolio Pulse from Khyathi Dalal

January 16, 2024 | 7:25 pm

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A federal judge has blocked JetBlue's proposed $3.8 billion acquisition of Spirit Airlines, citing concerns from the Justice Department that the merger would lead to higher fares and fewer options for travelers. As a result, Spirit's shares plummeted over 50%, while JetBlue's shares rose by 4.8%. The ruling casts doubt on other airline mergers, such as the one between Alaska Air and Hawaiian Holdings.

Portfolio Pulse from Erica Kollmann

January 16, 2024 | 7:21 pm

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JetBlue Airways has expressed disagreement with a court ruling that blocks its proposed merger with Spirit Airlines. The airline is currently evaluating its options for the next steps following the court's decision.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 6:45 pm

MVLA

Movella, a provider of sensors and software for motion capture, has been granted a European patent (EP3361948) for integrating inertial tracking with position aiding in motion capture systems. This patent could enhance Movella's product offerings and potentially improve its competitive position in the European market.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 6:28 pm

JBLU

Shares of JetBlue Airways are trading higher following a federal judge's decision to block the airline's acquisition of Spirit Airlines.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 6:16 pm

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A federal judge has blocked JetBlue Airways' attempt to acquire Spirit Airlines, resulting in a decline in Spirit Airlines' share price.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 6:15 pm

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A new court filing indicates that Judge William G. Young has blocked JetBlue Airways from acquiring Spirit Airlines. The document, listed as Doc #461, contains the judge's findings of fact and conclusions of law, as prepared by Elizabeth Sonnenberg. This legal decision halts the proposed merger between JetBlue and Spirit Airlines.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 6:04 pm

MSGE

Shares of Madison Square Garden Entertainment (MSGE) are under scrutiny as traders share a New York Times article alleging that James Dolan, the company's executive chairman, pressured a woman into sex. The lawsuit draws parallels with the Harvey Weinstein sexual assault case.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 5:58 pm

AAPL

Apple Inc (NASDAQ:AAPL) stock is trading lower after the company announced a price cut for iPhones in China to boost demand. The discount of up to 500 yuan ($70) is part of a Lunar New Year promotion. Early sales of iPhone 15 models in China are reportedly worse than previous models due to competition and government restrictions. The U.S. Supreme Court also declined Apple's appeal in the Epic v. Apple antitrust case. Meanwhile, Apple previewed its new Apple Vision Pro, launching on Feb. 2, featuring advanced technology for immersive entertainment experiences.

Portfolio Pulse from Adam Eckert

January 16, 2024 | 5:44 pm

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The U.S. Supreme Court has rejected Apple Inc's appeal in an antitrust lawsuit, allowing a lower court ruling to stand which found Apple's App Store restrictions violated California's Unfair Competition Law. This decision enables developers to direct users to alternative payment systems, bypassing Apple's up to 30% commission fees. Epic Games, involved in the case, had previously filed a similar lawsuit against Alphabet Inc over Google's Play Store fees.

Portfolio Pulse from Anusuya Lahiri

January 16, 2024 | 5:07 pm