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OPGN

OpGen, Inc. (NASDAQ:OPGN) announced a $3M acquisition of 3M shares of Series E Convertible Preferred Stock by David Lazar, who will also take over as CEO. The proceeds will be used to settle outstanding liabilities and for general corporate purposes. Lazar's investment and his appointment, along with new board members, aim to explore strategic options to enhance shareholder value. The company also settled its outstanding liabilities with the European Investment Bank and Curetis GmbH.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 8:10 pm

FENY

LTL

META

SNAP

SOCL

XLC

Florida's new law bans social media use for children under 14 and requires ID checks for all users, impacting companies like Meta (META) and Snap (SNAP), and tech ETFs such as SOCL, XLC, FENY, and LTL. The law, effective Jan. 1, 2025, aims to combat addiction and mental health issues among teens. Critics argue it infringes on First Amendment rights and necessitates invasive data collection. NetChoice, representing Big Tech, is expected to challenge the law.

Portfolio Pulse from Natan Ponieman

March 25, 2024 | 8:01 pm

AAL

BA

RYAAY

Boeing Co's CEO David Calhoun and chairman Larry Kellner are stepping down following an FAA investigation into a safety incident with Alaska Airlines. The investigation revealed failures on safety issues, leading to leadership changes including the departure of Stan Deal, president of Boeing's Commercial Airplanes division. Despite a 23% drop in share price after the Alaska Airlines incident, shares rose 1.3% following the announcement of the leadership changes. The FAA has increased scrutiny on Boeing, and the industry awaits the impact of these changes on Boeing's delivery commitments.

Portfolio Pulse from Neil Dennis

March 25, 2024 | 7:38 pm

DJT

DWAC

A judge has scheduled former President Donald Trump's hush money trial for April 15, potentially impacting his 2024 presidential campaign. The trial date could be delayed through a motion related to pretrial publicity. Trump faces 34 counts related to payments to Stormy Daniels. Meanwhile, Trump's media company, Trump Media & Technology Group, is set to go public after a merger with Digital World Acquisition Corporation (DWAC), with Trump owning 80 million shares.

Portfolio Pulse from Chris Katje

March 25, 2024 | 7:14 pm

GOOG

META

Elon Musk's lawsuit against the Center for Countering Digital Hate (CCDH) for calling X (formerly Twitter) out for hate speech was dismissed by a California judge, citing anti-SLAPP law. Musk plans to appeal the decision. The case highlights Musk's legal challenges since acquiring X, including a decline in advertisers and multiple lawsuits filed by Musk against various entities. Additionally, the article mentions Meta Platforms Inc (META), Alphabet Inc (GOOG, GOOGL) in the context of a law prohibiting social media giants from flagging or removing user posts.

Portfolio Pulse from Anthony Noto

March 25, 2024 | 6:27 pm

SPY

VGK

Russian President Vladimir Putin has labeled the attack on a concert hall near Moscow as an act of terrorism, stating that the perpetrators are known and the focus is now on discovering who ordered it. He described the attack as an act of intimidation and suggested it is part of the Kiev regime's attacks on Russia.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 6:04 pm

AAPL

AMD

GOOGL

INTC

META

XLE

US stocks saw a mixed session with tech giants like Apple, Alphabet, and Meta facing regulatory scrutiny, while energy stocks surged due to rising crude prices. The Energy Select Sector SPDR Fund reached levels close to its all-time highs. Intel and AMD stocks were volatile after China's move to phase out U.S. microprocessors. Bitcoin reclaimed $70,000. Notable stock movements included gains for Bitcoin-related companies and Micron Technology, while United Airlines and Take-Two Interactive faced declines.

Portfolio Pulse from Piero Cingari

March 25, 2024 | 5:58 pm

SCLX

Scilex Holding Co (SCLX) and Ya II PN have mutually agreed to terminate their Amended and Restated Standby Equity Purchase Agreement, initially dated February 8, 2023, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 5:49 pm

CVS

WBA

The U.S. Supreme Court is set to hear arguments challenging the safety of the abortion pill, mifepristone, which is used in over half of U.S. abortions. Opponents cite studies by Gynuity Health Projects to argue against its safety, despite its long-standing FDA approval. The Biden administration opposes easing FDA restrictions on mifepristone, emphasizing drug safety regulation. The case follows the Dobbs ruling, which affected federal abortion protections. CVS Health Corp and Walgreens Boots Alliance Inc plan to dispense mifepristone, aligning with FDA guidelines.

Portfolio Pulse from Vandana Singh

March 25, 2024 | 5:09 pm

FLGC

Flora Growth Corp. (NASDAQ:FLGC) shares surged over 35% in the past five days, driven by optimism that the DEA may reschedule cannabis following comments from Vice President Kamala Harris and the German government's approval of cannabis legalization. Flora Growth, a multi-national cannabis company, operates in the US, Germany, Colombia, the UK, and Canada. Despite recent gains, a long-term forecast based on past performance suggests a potential decline in stock price.

Portfolio Pulse from Erica Kollmann

March 25, 2024 | 4:42 pm