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Marketing

COIN

Democratic Senators Jack Reed and Laphonza Butler have requested the SEC to stop approving new crypto ETPs, citing misleading marketing and lack of investor protection. They highlighted a FINRA survey showing 70% of broker communications with retail investors were non-compliant with fair disclosure rules. The senators are concerned that Bitcoin ETFs mislead investors by not clearly disclosing the risks compared to traditional ETFs. In response, Coinbase's Chief Legal Officer, Paul Grewal, defended the potential of cryptocurrency ETPs, particularly highlighting the market depth and liquidity of ETH.

Portfolio Pulse from Murtuza Merchant

March 15, 2024 | 5:15 pm

BTCUSD

Pseudonymous BitMEX crypto trader ChimpZoo predicts Bitcoin's rally is over, citing bearish indicators such as the Dogwifhat marketing campaign, significant rallies of Solana-based memecoins, Bitcoin's 90% rally with maximum pullbacks of 15%, meme coins surging 1000%, high annualized funding rates, and Michael Saylor's debt issuance for Bitcoin purchases. Bitcoin has fallen 6.5% in the past 24 hours, dropping below $70,000.

Portfolio Pulse from Khyathi Dalal

March 15, 2024 | 3:35 pm

MCD

McDonald's experienced a global technology system outage at around midnight CDT on Friday, caused by a third-party provider during a configuration change. The company has announced that many markets are back online, and the rest are in the process of coming back online.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 2:51 pm

MSOS

Cannabis stocks surged following Doug Kass's announcement on X about the DEA's imminent rescheduling of cannabis to Schedule III. The Benzinga Cannabis Capital Conference in Florida will discuss the industry's future, including valuations and investment opportunities. Senator Cory Booker hinted at the rescheduling, potentially around 4/20. Despite recent earnings struggles, the AdvisorShares Pure US Cannabis ETF (MSOS) saw an 8.94% increase.

Portfolio Pulse from Maureen Meehan

March 15, 2024 | 2:08 pm

FCUV

Focus Universal Inc. (NASDAQ:FCUV), a provider of IoT and 5G technologies, has partnered with PX SPAC Capital Inc. to enhance its visibility and investor relations. This collaboration aims to leverage PX SPAC Capital's network and experience to support Focus Universal's business expansion and growth, particularly in the IoT and SEC financial reporting sectors.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 1:20 pm

META

VERB

VERB Technology Company, Inc. has announced the launch of its MARKET.live platform's integration with Facebook and Instagram, enabling social shopping capabilities on these platforms. This development allows users to shop directly through social media, enhancing the e-commerce experience.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 12:53 pm

VFS

VinFast has entered into a partnership with Jospong to distribute its range of electric vehicles, including cars, scooters, bikes, and buses, in Ghana and West Africa. Jospong will also establish a public charging infrastructure to support EV adoption. This move marks VinFast's entry into the African market, aligning with its global expansion strategy and commitment to green transportation.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 11:28 am

TSLA

Tesla Inc. is using its Cybertruck to promote its best-selling Model Y SUV in a unique marketing strategy, showcasing a Model Y in a glass-encased trailer towed by the Cybertruck in Florida. Despite Tesla's acknowledgment of the need for increased EV awareness, the company plans to limit its advertising spend. Tesla aims to boost awareness in regions with low market share, like Japan, by enhancing infrastructure and ensuring product quality.

Portfolio Pulse from Anan Ashraf

March 15, 2024 | 10:15 am

NVDA

Joe Terranova of Virtus Investment Partners discussed NVIDIA Corporation's (NASDAQ:NVDA) significant influence on the stock market, particularly in AI and semiconductors, on CNBC's Closing Bell. He warned that a decline in NVIDIA's stock could lead to a broader market downturn. NVIDIA is set to host its 'AI Woodstock' event, which could impact its stock, already up over 80% this year. Despite this, NVIDIA's stock recently fell by 3.95% to close at $879.44.

Portfolio Pulse from Benzinga Neuro

March 15, 2024 | 9:03 am

GOOG

GOOGL

Several top websites, including The New York Times, CNN, BBC, Yelp, and Business Insider, have started using the Google-Extended tool to block Alphabet Inc.'s Google (GOOGL) (GOOG) from using their content to train AI models. This move, affecting about 10% of the top 1,000 websites, is seen as a response to the potential threat AI models pose to traditional web traffic distribution. The adoption of Google-Extended is lower compared to other AI training data blockers, with concerns about being excluded from AI-generated results.

Portfolio Pulse from Ananya Gairola

March 15, 2024 | 7:38 am