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Citigroup Inc. is reassessing its digital asset custody partnership with Metaco, a Swiss fintech firm, following Metaco's acquisition by Ripple Labs Inc. for $250 million. Ripple Labs is currently involved in a legal battle with the U.S. Securities and Exchange Commission. It is unclear if Citigroup's reassessment is related to the acquisition. Meanwhile, EDX Markets, a crypto exchange backed by Citadel Securities, Fidelity Digital Assets, and Charles Schwab Corp., has decided not to use Paxos as a custodian.

Portfolio Pulse from Murtuza Merchant

June 30, 2023 | 5:54 pm

IONQ

IonQ, Inc. (NYSE:IONQ) announced a Memorandum of Understanding (MOU) with South Korea's Ministry of Science and ICT to support an education and leadership program for technology professionals and assist with the implementation of a local quantum ecosystem. The company's shares are trading 1.77% higher at $13.77 following the announcement.

Portfolio Pulse from Erica Kollmann

June 30, 2023 | 5:01 pm

ACHC

Acadia Healthcare Company, Inc. (NASDAQ:ACHC) has formed a joint venture with SolutionHealth to build a 144-bed behavioral health hospital in southeast New Hampshire. The project, which expands Acadia's acute service line into a new state, will be supported by $15 million in state funding from the New Hampshire Department of Health and Human Services. This marks the 19th joint venture partnership for Acadia.

Portfolio Pulse from Happy Mohamed

June 30, 2023 | 4:17 pm

ATXG

Addentax Group Corp. (NASDAQ:ATXG) is partnering with Games-as-a-Service firms to develop Artificial Intelligence Online Operational Tools. The project aims to refine and update content within online games. The company reported that these tools have contributed to significant revenue growth in popular games. ATXG shares are trading higher by 14.15% to $7.50.

Portfolio Pulse from Nabaparna Bhattacharya

June 30, 2023 | 3:41 pm

CTMX

CytomX Therapeutics, Inc (NASDAQ:CTMX) has entered into a private placement agreement with BVF Partners L.P., which will result in initial gross proceeds of approximately $30 million. The company is selling pre-funded warrants to buy up to 14.42 million shares of common stock and has the potential to receive up to an additional $60 million if all warrants are fully exercised for cash. The proceeds are expected to extend the company's cash runway into the second half of 2025.

Portfolio Pulse from Nabaparna Bhattacharya

June 30, 2023 | 3:26 pm

ENPH

Enphase Energy Inc (NASDAQ:ENPH) has expanded its distribution partnership with 4blue, a wholesaler of solar and battery systems, eyeing growth in Europe. B. Riley analyst Christopher Southern upgraded the rating for Enphase Energy from Neutral to Buy, while reducing the price target from $247 to $214. International revenues, which account for nearly 35% of the company's total revenues, could double this year as the company is still in the early stages of penetrating multiple key markets.

Portfolio Pulse from Priya Nigam

June 30, 2023 | 2:28 pm

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U.S. stocks traded higher on Friday with the Dow Jones gaining over 200 points. Several companies saw significant gains, including Addentax Group Corp., CymaBay Therapeutics, TOP Financial Group Limited, Friedman Industries, Rackspace Technology, MicroVision, XPeng Inc., Alvotech, Digital Turbine, Savara Inc., Vitru Limited, Arcutis Biotherapeutics, Aurinia Pharmaceuticals Inc., Accolade, Inc., Bausch + Lomb Corporation, Carnival Corporation, SMART Global Holdings, Inc., GoGreen Investments Corporation, and NIO Inc.

Portfolio Pulse from Lisa Levin

June 30, 2023 | 2:27 pm

STRT

STRATTEC SECURITY CORPORATION (NASDAQ:STRT) has completed an Equity Restructuring Agreement with WITTE Automotive GmbH, selling its one-third interest in the VAST LLC joint venture for a net purchase price of $18.5 million. In return, STRATTEC received WITTE's 20% minority interest in STRATTEC Power Access LLC and the net assets of VAST LLC's Korea branch office. The restructuring will allow STRATTEC to focus on strategic growth opportunities in North America and globally.

Portfolio Pulse from Happy Mohamed

June 30, 2023 | 2:13 pm

PVSP

Pervasip Corp. (OTCPK:PVSP) is expanding its Slurped nano cannabis beverages into the California market through its subsidiary Artizen Nano. The company has signed a letter of intent with MTN Group for manufacturing and distribution. However, Pervasip has terminated a previously proposed acquisition of BCCTG LLC and a partnership with KRTL Biotech as part of its strategic realignment.

Portfolio Pulse from Vuk Zdinjak

June 30, 2023 | 2:09 pm

ATXG

Addentax Group has announced a cooperation with certain Games-as-a-Service firms to launch a project focusing on the development of AI Online Operational Tools. This news has led to a rise in the company's share prices.

Portfolio Pulse from Benzinga Newsdesk

June 30, 2023 | 2:07 pm