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META

Adam Mosseri, head of Instagram, has publicly prioritized youth safety on the platform, emphasizing its importance in various public appearances. However, former employees claim that Instagram, under Mosseri's leadership, has not consistently implemented safety features, such as default settings to hide offensive words, due to the pressure to compete with TikTok.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 2:59 pm

SCS

During a conference call, Steelcase (SCS) reported that their teams are working diligently on cost reduction and are continuing to see benefits from pricing strategies. Additionally, the company has experienced an uptick in their win rate in Europe and Asia.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 2:56 pm

SVRE

SaverOne 2014 Ltd (NASDAQ:SVRE) shares rose after announcing the acquisition of operations, products, and IP from Micronet Ltd. The deal, expected to close in early 2024, aims to enhance SaverOne's product portfolio, customer base, and U.S. market strategy. The acquisition is anticipated to be immediately accretive to SaverOne. CEO Ori Gilboa highlighted the strong synergies and potential for immediate revenue growth, especially in the U.S. SVRE's stock increased by 8.35% to $0.5517.

Portfolio Pulse from Lekha Gupta

December 20, 2023 | 2:36 pm

PETV

PetVivo Holdings has renewed a 12-month contract with New to The Street for continued promotion of its Spryng™ product line through interviews, commercials, and digital billboard ads in NYC. Spryng™, a veterinary medical device for treating lameness and joint pain in pets, has shown efficacy and safety as a non-invasive treatment for osteoarthritis.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 2:32 pm

PODC

PodcastOne (NASDAQ:PODC), a subsidiary of LiveOne, has acquired exclusive distribution and sales rights to the podcast 'Was I In A Cult?' hosted by Liz Iacuzzi and Tyler Measom. The podcast has nearly 9 million downloads and 32 episodes since its 2021 launch. It has been named Best Podcast by multiple publications and the hosts are developing a TV series adaptation. PodcastOne has added 22 podcasts to its network in 2023 and features a variety of genres in its top-ranked podcast roster.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 2:14 pm

CART

Instacart and Fairway Market have launched 'Fairway Now,' a rapid home delivery service promising groceries and essentials delivered from store to door in as little as 30 minutes. This service utilizes Instacart's fast fulfillment solutions to facilitate quick shopping experiences.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 2:07 pm

STGW

RealClearPolitics has partnered with Stagwell (STGW) to launch RealClearPolling, a revamped platform offering fresh aggregated polling data. The platform, designed by Code and Theory, features a new monetization system powered by GALE and Multiview, targeting advertisers seeking to reach a large audience on a nonideological platform.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 1:59 pm

AAPL

COIN

FDX

HOOD

TSLA

Cryptocurrencies including Bitcoin, Ethereum, and Dogecoin have declined amid $116M in liquidations. Celestia's TIA token outperformed major cryptos with a 685% surge. Ark Invest sold Coinbase and Robinhood shares due to crypto volatility. FedEx reported downbeat earnings, affecting pre-market stock movement. US politics and upcoming elections are influencing tech companies' actions, with Apple advising staff on watch sales and Meta and Google limiting AI-related election queries. Tesla faces challenges with a massive vehicle recall and halted merit-based equities for employees.

Portfolio Pulse from Akanksha Bakshi

December 20, 2023 | 1:56 pm

LQR

LQR House has canceled all outstanding representative warrants held by EF Hutton designees to purchase shares, aiming to boost shareholder confidence. The company has also decided to halt further offerings and capital raises, focusing on expanding its e-commerce presence and forming marketing partnerships. LQR House has around $8 million in cash reserves and is prioritizing cash flow, business growth, and profitability. The canceled warrants were for 9,335,696 shares, with exercise prices between $5.00 and $0.07 per share. EF Hutton designees received $60,000 in compensation for the cancellation.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 1:54 pm

TNON

Tenon Medical, Inc. (NASDAQ:TNON) has announced its participation in two immersive webinar physician training programs featuring its Catamaran SI Joint Fusion System. The training, led by Dr. Matthew Davies, reached approximately 60 health care providers and focused on the system's clinical use, patient selection, procedural outcomes, and the advantages of the Catamaran Fixation Device. The company emphasizes its commitment to professional education and training for health care providers.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 1:34 pm