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RENB

Renovaro Biosciences Inc (NASDAQ:RENB) responded to Hindenburg Research's short seller report, calling it a rehashed attempt to profit from a short position in RENB. The company highlighted the addition of four leaders to its board, refuted claims about its AI technology, and announced a LOI with Cyclomics for liquid biopsies. Despite the attack, RENB shares rose 18.20% to $2.27.

Portfolio Pulse from Vandana Singh

February 14, 2024 | 5:51 pm

HMC

SONY

TSLA

Sony and Honda's joint venture, Sony Honda Mobility, plans to launch three electric vehicle (EV) models by the late 2020s to compete with Tesla. The lineup includes a sedan in 2025, an SUV in 2027, and an affordable compact by 2028, all sharing the same chassis for cost efficiency. The Afeela Sedan is expected to be priced over 10 million yen ($66,413). Additionally, Honda recently recalled 750,114 vehicles in the US over airbag concerns but reported no injuries. Honda aims for up to 1.3 million sales for the Honda brand and 150,000 for Acura in 2024. HMC shares dropped 1.06% to $33.70.

Portfolio Pulse from Lekha Gupta

February 14, 2024 | 5:36 pm

BTCUSD

ETHUSD

SEC Chair Gary Gensler expressed concerns about Bitcoin's decentralization and its association with illicit activities, such as ransomware, during a CNBC interview. He questioned the decentralization of Bitcoin and other cryptocurrencies, highlighting the centralization tendency of financial systems. Gensler emphasized the need for regulatory oversight to ensure investor protection and compliance with securities laws, mentioning that many crypto tokens might qualify as securities. He also acknowledged the importance of Ethereum and indicated a separate analysis for its classification under securities laws.

Portfolio Pulse from Murtuza Merchant

February 14, 2024 | 4:34 pm

BTCUSD

ETHUSD

SPY

Cryptocurrencies like Bitcoin, Ethereum, and Dogecoin surged despite higher-than-expected US inflation, with Bitcoin traders targeting $64K and Galaxy Digital's CEO bullish on BTC amid US debt increase. US markets saw Airbnb and other stocks moving lower, while the Fear & Greed Index entered the 'Greed' zone. In politics, Biden and Trump are in a tight race, with Biden aiming to win back independents. Globally, tensions rise with North Korea and Russia. In the economy, US inflation fears impact Asia-Pacific markets. Tech highlights include Nvidia's potential risk, Apple's iOS updates, and Alibaba's partnerships. Tesla and BYD compete in the EV market, while Shopify plans international expansion. Legal issues arise with Barclays and Amazon Prime Video. Energy sector news includes Eversource's Q4 earnings miss.

Portfolio Pulse from Akanksha Bakshi

February 14, 2024 | 3:30 pm

TSLA

Elon Musk and a Tesla shareholder are set to propose a stay of a pay case ruling, pending the outcome of an appeal, according to a court filing cited by Reuters.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 3:25 pm

AGFY

GTBIF

TCNNF

VFF

Agrify Corporation (NASDAQ:AGFY) reported a significant reduction in its Q3 net loss to $2.1 million from $57.4 million YoY, with revenue dropping nearly 56% to $3.1 million. The company highlighted cost reduction measures and a legal settlement gain. Shares rose 1.9271% post-announcement. The report also mentions potential growth in cannabis stocks, highlighting gains in other cannabis companies.

Portfolio Pulse from Jelena Martinovic

February 14, 2024 | 3:09 pm

TSLA

Amanj Ali, owner of 'Tesla Chicken & Pizza,' lost a trademark dispute with Tesla Inc, resulting in significant legal costs. The dispute centered on Ali's use of the 'Tesla' name, which he claimed was inspired by Nikola Tesla, similar to Elon Musk's inspiration for his company. Tesla argued that Ali's trademark would unfairly benefit from the Tesla brand, leading to the Intellectual Property Office ruling in Tesla's favor and ordering Ali to pay legal fees and costs.

Portfolio Pulse from Adam Eckert

February 14, 2024 | 2:33 pm

SPY

West Virginia Attorney General Patrick Morrisey has called on Vice President Kamala Harris to invoke the 25th Amendment in an effort to remove President Joe Biden from office. This move is based on concerns regarding Biden's ability to fulfill his presidential duties. The article does not specify the exact reasons behind Morrisey's call for the 25th Amendment invocation.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 1:46 pm

NDRA

ENDRA Life Sciences has been granted three new patents enhancing its TAEUS system, aimed at improving thermoacoustic measurements and monitoring tissue temperature during medical procedures. The patents include a novel sleeve-type probe, a thermal ablation system with integrated temperature measurement, and a method for monitoring tissue temperature, issued in the U.S., China, and Europe respectively.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 1:33 pm

META

A federal judge dismissed most claims against OpenAI by authors including Sarah Silverman and Ta-Nehisi Coates, regarding copyright infringement for training its AI chatbot. The court found the claims insufficient but allowed a claim under California's unfair competition law to proceed. OpenAI and Meta Platforms were sued for copyright infringement by these authors in 2023.

Portfolio Pulse from Benzinga Neuro

February 14, 2024 | 12:24 pm