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BTCUSD

SPY

Rep. Matt Gaetz has introduced a bill to allow federal income tax payments using Bitcoin. The legislation aims to modernize the tax system and promote innovation by enabling Bitcoin payments. The bill requires the Treasury to develop regulations for accepting Bitcoin and converting it to dollars immediately upon receipt.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 3:17 pm

RVLV

Revolve Group has acquired a majority stake in the French couture house Alexandre Vauthier. The terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 3:04 pm

NVO

A recent study has found that Novo Nordisk's drug Saxenda increases bone health risks. The researcher also indicated that similar risks apply to other Novo Nordisk drugs, Ozempic and Wegovy.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 3:02 pm

ALNY

Alnylam Pharmaceuticals' stock is trading higher following the announcement of positive topline results from its HELIOS-B Phase 3 study of vutrisiran. Additionally, several firms have raised their price targets for the stock.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 3:02 pm

FXI

NVDA

SPY

The U.S. has implemented new restrictions that are significantly impacting China's leading companies in the semiconductor industry, which were seen as potential rivals to Nvidia. This move is expected to have a substantial effect on the competitive landscape in the semiconductor market.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 3:01 pm

AIXI

Xiao-I Corporation (NASDAQ:AIXI) has signed a partnership agreement with a major government agency in Hong Kong to implement an advanced AI Chatbot solution. This collaboration aims to enhance the agency's customer service operations by addressing complex policy explanations, multilingual communication needs, high service demand, and personalized service delivery.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 2:58 pm

SOLUSD

The Political Finance (PoliFi) token sector has rebounded significantly, with TrumpCoin (DJT) and other politically-themed tokens like TRUMP, TREMP, and BODEN seeing substantial gains. This follows controversies and denials regarding the DJT token's association with former President Donald Trump.

Portfolio Pulse from Murtuza Merchant

June 25, 2024 | 2:58 pm

BUD

KO

MO

Recent financial data from Beacon Securities indicates that the cannabis industry is set to outpace major players like Coca-Cola, Marlboro, and Budweiser in market growth. The cannabis sector shows significantly lower EV/Sales ratios and higher EBITDA growth rates compared to alcohol, tobacco, and consumer packaged goods (CPG) sectors, suggesting potential undervaluation and investment opportunities.

Portfolio Pulse from Nicolás Jose Rodriguez

June 25, 2024 | 2:54 pm

CDNS

Cadence Design Systems, Inc. (NASDAQ:CDNS) has expanded its system IP portfolio with the Cadence Janus Network-on-Chip (NoC), which aims to optimize electronic system connectivity by improving power, performance, and area (PPA) metrics.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 2:54 pm

EH

EHang Holdings Limited (NASDAQ:EH) has delivered 27 units of its EH216-S pilotless aircraft to Wencheng County and completed its first passenger-carrying flight. This marks the beginning of Wencheng's low-altitude economy development, with plans for aerial sightseeing routes and other low-altitude commercial operations.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 2:51 pm