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U.S. Steel and Nippon Steel are delaying their $14.1 billion deal due to political and regulatory challenges, with a potential extension into 2025. Atlas Lithium secures financing and supply agreements with key suppliers to major tech firms, aiming to accelerate production with a new plant in Brazil. ATI completes an expansion enhancing its specialty rolled products capabilities. Argan reports a 26% revenue increase in fiscal 2024, with optimistic outlooks despite some project losses.

Portfolio Pulse from austin@walkonholdings.com

April 12, 2024 | 8:14 pm

BTCUSD

Jonathan Wu, a venture capital investor, highlights the career benefits of switching to the crypto industry, citing less competition, faster career acceleration, and unique opportunities. His views sparked a debate on the risks and rewards of working in crypto, with several industry professionals sharing their success stories and emphasizing the sector's potential for growth and innovation.

Portfolio Pulse from Ivan Crnogatić

April 12, 2024 | 8:08 pm

AQST

Aquestive Therapeutics announced it will present data from a crossover study for Libervant Buccal Film at the 76th Annual Meeting of the American Academy of Neurology. This presentation could impact perceptions of the company's product pipeline and its potential market impact.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 8:02 pm

SPY

The Foundation Hotel, a $28 million boutique property developed by Aparium Hotel Group and located in Detroit's historic former Fire Department HQ, has opened. The hotel features 100 rooms, a restaurant led by Michelin-starred executive chef Thomas Lents, and incorporates local art and historical elements. It aims to offer an experiential stay with amenities like free bicycles and partnerships with local businesses.

Portfolio Pulse from Dustin Blitchok

April 12, 2024 | 7:28 pm

MSFT

Microsoft's Bethesda announced the release date for the Fallout 4 next-gen update, set for April 25. This free upgrade for Xbox Series X/S and PlayStation 5 includes performance improvements, new content like the Enclave Remnants questline, and Creation Club items. Additionally, updates for PS4, Xbox One, and PC players will be rolled out, including widescreen support and fixes. The game will also be available on the Epic Games Store and verified for the Steam Deck. Since its 2015 launch, Fallout 4 has generated $750 million in revenue.

Portfolio Pulse from Franca Quarneti

April 12, 2024 | 7:27 pm

F

Ford Motor Co (NYSE:F) announced a recall of 42,652 Bronco Sport and Escape vehicles in the U.S. due to broken fuel injectors that could cause fires. This coincided with the death of O.J. Simpson, who is historically linked to the Ford Bronco from a famous 1994 police chase. Ford has distanced itself from the negative connotations associated with Simpson and the Bronco, focusing on its revival and distancing from its past image.

Portfolio Pulse from Chris Katje

April 12, 2024 | 7:02 pm

SHIB-USD

'Dogecoin Killer' Shiba Inu (SHIB) has seen a significant increase in daily transactions, with a 3,555% surge, and its burn rate spiked by 1,465%. This indicates a bullish sentiment among investors. Shiba Inu's lead developer, Shytoshi Kusama, expressed enthusiasm for contributing to the Content Delivery Security Association with blockchain technology. Additionally, D3 Global now accepts Shiba Inu and BONE for payments on Shibarium.

Portfolio Pulse from Khyathi Dalal

April 12, 2024 | 6:56 pm

TRMB

Trimble (NASDAQ:TRMB) is set to change its financial reporting segments to 'Architects, Engineers, Construction and Owners' (AECO), 'Field Systems', and 'Transportation and Logistics' (T&L), starting from Q1 2024. This reorganization aims to align financial reporting with the company's structure and business models, covering software solutions for construction, hardware-centric businesses, and services for long haul trucking and freight shippers.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 6:31 pm

ABBV

AbbVie Inc (NYSE:ABBV) released interim results from a Phase 3 study on atogepant for migraine prevention, showing improved outcomes and consistent safety profiles. Despite positive data, ABBV shares dropped 2.75% to $162.92, with trading volume lower than average. The company also raised its revenue outlook for Ubrelvy and Qulipta, expecting over $3 billion in peak revenues, up from previous estimates.

Portfolio Pulse from Vandana Singh

April 12, 2024 | 6:19 pm

AGEN

BMY

Agenus Inc (NASDAQ:AGEN) reported promising Phase 1 trial results for its BOT/BAL therapy in metastatic colorectal cancer, with a 23% overall response rate. The company plans to submit a BLA later this year and present detailed Phase 2 results in 2024. Agenus also executed a one-for-twenty reverse stock split. Despite positive data, funding concerns persist as Agenus ended 2023 with $76.1 million in cash and a significant cash burn. William Blair remains optimistic, maintaining an Outperform rating with a sales forecast of $404 million by 2027 for the therapy.

Portfolio Pulse from Vandana Singh

April 12, 2024 | 6:18 pm