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Partnerships

MSFT

Worldcoin, a blockchain-based identity verification service, has temporarily halted its World ID verification services in Spain due to legal challenges from the Spanish Data Protection Authority (AEPD). The AEPD's actions, which Worldcoin claims bypass standard GDPR procedures, have led to a lawsuit by Tools for Humanity, a project contributor. Despite these challenges, the World app remains operational in Spain. Worldcoin, backed by Microsoft Corp. (NASDAQ:MSFT) and OpenAI, utilizes eye-scanning technology for identity verification.

Portfolio Pulse from Rounak Jain

March 09, 2024 | 9:05 am

CSTL

Castle Biosciences, Inc. (NASDAQ:CSTL) announced its participation in the 2024 American Academy of Dermatology Annual Meeting, where it will present new data from its dermatologic tests, including DecisionDx-Melanoma and DecisionDx-SCC, highlighting their clinical value in managing skin cancer. The data, derived from a collaboration with the National Cancer Institute and studies involving over 5,000 patients, demonstrate improved survival rates and risk stratification for patients with cutaneous melanoma and squamous cell carcinoma. Additionally, the company discussed MyPath Melanoma, a test that aids in diagnosing challenging melanocytic lesions.

Portfolio Pulse from Benzinga Newsdesk

March 08, 2024 | 9:32 pm

AIMD

Ainos reported a significant decrease in FY23 revenue to $122,112 from $3.52M in FY22, mainly due to reduced sales of COVID-19 Antigen Rapid Test Kits. The company's net loss slightly improved to $13.77M from $14.01M YoY. Ainos is expanding into the global pet care market through a MoU with SIDSCO and reported positive data from clinical studies of VELDONA® for oral warts in HIV patients. Additionally, Ainos is co-developing a VOC sensing platform with Nisshinbo Micro Devices Inc. and Taiwan Inabata Sangyo Co., aiming for a prototype in Q3 2024.

Portfolio Pulse from Benzinga Newsdesk

March 08, 2024 | 9:25 pm

TCNNF

The article highlights the achievements of 22 influential women in the cannabis industry, emphasizing their leadership, innovation, and contributions. It mentions their participation in the upcoming Benzinga Cannabis Capital Conference in Florida, April 2024. Key figures include Kim Rivers of Trulieve, who has led the company's growth through strategic mergers and acquisitions, and Nancy Whiteman of Wana Brands, recognized for her leadership and the brand's expansion under Canopy Growth Corp. The conference aims to celebrate these women's achievements and offer networking opportunities for cannabis entrepreneurs.

Portfolio Pulse from Abbey Higginbotham

March 08, 2024 | 9:25 pm

AAPL

JPM

MSFT

NFLX

NVDA

NYCB

The U.S. stock market reached record highs, influenced by Federal Reserve Chair Jerome Powell's hints at potential rate cuts. Nvidia's market cap hit $1 trillion rapidly, highlighting its growth in AI and semiconductors. New York Community Bancorp secured a $1-billion equity investment, causing dilution for current shareholders. Microsoft faced a security breach by Russian hackers. JPMorgan's AI tool significantly improved banking efficiency. Apple invested $1 billion in filmmaking to boost its streaming service, and Netflix ventured into live sports with a high-profile boxing match.

Portfolio Pulse from Piero Cingari

March 08, 2024 | 9:19 pm

AMZN

MSFT

Elon Musk made a surprise appearance at the 'Fallout' experience event at SXSW, supporting the Prime Video series adaptation of the game, owned by Amazon (AMZN) and Microsoft (MSFT) respectively. Musk's presence could hint at future support for the series, potentially boosting Amazon Prime Video subscribers and the video game franchise.

Portfolio Pulse from Chris Katje

March 08, 2024 | 9:08 pm

AAPL

Apple Inc (AAPL) has agreed to reinstate Epic Games' developer account, allowing 'Fortnite' to return to iOS in Europe. This decision comes after pressure from the European Union (EU) and is a significant test of the new Digital Markets Act (DMA), which mandates app stores to permit downloads from third-party sources. Epic Games had previously accused Apple of anticompetitive behavior, leading to their developer account being revoked. Apple's reversal follows the European Commission's investigation into these allegations.

Portfolio Pulse from Franca Quarneti

March 08, 2024 | 8:38 pm

Macy's is reportedly moving towards an agreement with Arkhouse, indicating potential strategic developments or partnerships that could influence the company's future direction.

Portfolio Pulse from Benzinga Newsdesk

March 08, 2024 | 8:25 pm

AAPL

GFS

NVDA

TSM

Taiwan Semiconductor Manufacturing Corp. (TSMC) is expected to receive up to $5 billion in grants from the U.S. government for a chip fabrication facility in Arizona to meet the demand from major customers like Apple and Nvidia. The facility is part of TSMC's $40 billion investment in semiconductor manufacturing in Phoenix, aiming to start production in 2025. This move aligns with the U.S. CHIPS Act's goal to boost domestic semiconductor production.

Portfolio Pulse from Neil Dennis

March 08, 2024 | 7:39 pm

CRMT

America's Car-Mart, Inc. (NASDAQ:CRMT) reported Q3 FY24 earnings with a loss of $1.34 per share, missing analyst expectations of a $0.65 loss. Revenue was $299.61 million, below the expected $350.95 million. Sales declined by 7.9% due to fewer retail units sold, although the average retail sales price increased by 7.5%. The company sold 11,664 units, a 19.6% decrease from the previous year. Credit application volume decreased by 8.3% year over year. The company has entered into a strategic partnership with Cox Automotive to improve vehicle acquisition and sales processes. Despite the disappointing earnings, CRMT shares rose by 4.11% to $64.86.

Portfolio Pulse from Nabaparna Bhattacharya

March 08, 2024 | 7:06 pm