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The U.S. State Department has approved a potential $264.6 million sale of AIM-9X Sidewinder Block II+ and Block II tactical missiles to Canada, as announced by the Pentagon.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 7:04 pm

CING

Cingulate Inc. (NASDAQ:CING) shares surged by 239% after the company was granted a European patent for its ADHD treatment, CTx-1301. This patent covers up to 30 European territories, including the UK. Cingulate is also preparing to file a New Drug Application with the U.S. FDA.

Portfolio Pulse from Vaishali Prayag

August 16, 2024 | 6:59 pm

CBSTF

The Cannabist Company Holdings Inc. (CBSTF) has launched new cannabis-infused products from ButACake in Maryland, expanding their collaboration. The products include oral dissolvable 10mg strips in various flavors. Maryland's legal weed market has surpassed $1.1 billion in sales.

Portfolio Pulse from Jelena Martinovic

August 16, 2024 | 6:57 pm

CING

HRB

NDRA

SHIM

SNDA

ZCAR

U.S. stocks traded higher with the Dow Jones, NASDAQ, and S&P 500 all posting gains. Financials led the sectors, while real estate lagged. Key movers included Cingulate Inc. (CING), Zoomcar Holdings, Inc. (ZCAR), H&R Block, Inc. (HRB), Sonida Senior Living, Inc. (SNDA), Shimmick Corporation (SHIM), and ENDRA Life Sciences Inc. (NDRA). Commodities saw oil prices drop and gold prices rise.

Portfolio Pulse from Avi Kapoor

August 16, 2024 | 6:46 pm

PSNY

Polestar shares are trading higher as the company begins production in the US to avoid tariffs on China-made EVs.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 6:39 pm

BTCUSD

USDTUSD

Donald Trump has named Howard Lutnick, CEO of Cantor Fitzgerald, to lead his transition team if he wins the presidency. Lutnick's involvement is significant for the crypto sector, given Cantor Fitzgerald's role as a custodian for Tether (USDT). Trump has positioned himself as a strong ally of the crypto industry, with J.D. Vance as his pro-crypto vice-presidential pick.

Portfolio Pulse from Murtuza Merchant

August 16, 2024 | 6:34 pm

AAPL

GOOGL

Epic Games has launched its mobile store in Europe, intensifying its ongoing conflict with Apple Inc. (NASDAQ:AAPL) and Alphabet Inc. (NASDAQ:GOOGL). The store, now live on Android globally and on iPhones in mainland Europe, follows years of legal disputes. Epic's CEO Tim Sweeney criticized Apple's app store fees and policies, which he claims penalize developers. The European Union's Digital Markets Act has facilitated this launch, but challenges remain. Epic aims for 100 million new installs by year-end and is working to attract third-party developers.

Portfolio Pulse from Franca Quarneti

August 16, 2024 | 6:32 pm

COIN

MSTR

SOLUSD

Crypto experts Raoul Pal and Anthony Scaramucci discussed the future of digital assets, predicting significant growth despite current market volatility. Pal emphasized that economic conditions favor crypto, while Scaramucci highlighted regulatory acceptance. They also discussed Solana's potential and the transformative power of NFTs.

Portfolio Pulse from Ivan Crnogatić

August 16, 2024 | 6:26 pm

HLX

INOD

SOUN

The article highlights three small-cap AI stocks—SoundHound AI Inc (SOUN), Helix Energy Solutions Group Inc. (HLX), and Innodata Inc. (INOD)—that are making significant strides in their respective fields. SoundHound AI has surged 140% YTD, driven by strategic partnerships with Nvidia and Stellantis. Helix Energy Solutions is up 7.3% YTD, leveraging AI for environmental cleanup. Innodata has gained 118% YTD, focusing on generative AI and data engineering.

Portfolio Pulse from Surbhi Jain

August 16, 2024 | 6:18 pm

SIGA

SIGA Technologies Inc (NASDAQ:SIGA) experienced a significant price drop after releasing disappointing trial data for a Mpox treatment, followed by a brief surge. The stock is currently facing a 'bull trap,' indicating potential further declines.

Portfolio Pulse from Mark Putrino

August 16, 2024 | 6:17 pm