Streetbeat News

Products Services

DIS

PARA

Paramount Global aims to elevate its Sonic the Hedgehog films to 'Avengers-level' status, with plans for expansive storytelling and character development. The franchise's executive producer, Toby Ascher, discussed expanding into television with a Knuckles series on Paramount+ and introducing new characters in the upcoming 'Sonic the Hedgehog 3' movie. Paramount's strategy includes leveraging the franchise's extensive lore and incorporating elements like humor and iconic themes to enhance the cinematic experience.

Portfolio Pulse from Franca Quarneti

April 09, 2024 | 10:34 pm

MRIN

MSFT

Marin Software Inc (NASDAQ:MRIN) shares surged in Tuesday's after-hours trading following the announcement of upgrades to its Microsoft Corp (NASDAQ:MSFT) advertising integration. The enhancements include connecting Microsoft's Automated Bidding and conversion data with Marin's AI-powered budget optimization, offering cross-account management, spend optimization, and improved conversion metrics. This news follows Marin's recent approval of a 1-for-6 reverse stock split, set to take effect after market close on April 12, with split-adjusted trading starting April 15.

Portfolio Pulse from Adam Eckert

April 09, 2024 | 9:33 pm

CDE

HL

PLL

RGLD

Piedmont Lithium and Sayona Mining are advancing operations at North American Lithium to reach steady state production by 2024, amidst a challenging lithium market. Royal Gold's subsidiary sold 49,500 GEOs in Q1 2024, with full results pending. Hecla Mining reported a significant increase in Q1 2024 production, aiming for 17 million ounces of silver in 2024. Coeur Mining announced the start of commercial production at its expanded Rochester mine, expected to significantly enhance cash flow.

Portfolio Pulse from Austin DeNoce

April 09, 2024 | 9:26 pm

CFG

DFS

NAVI

SLM

SOFI

President Biden's new student debt relief plan aims to forgive debt for nearly 30 million Americans, targeting specific borrower groups to avoid unconstitutionality issues. While most U.S. student debt is federal, private loans make up 7.5% of the total. The plan could impact private lenders by reducing their market share due to better federal loan accessibility and repayment options. SLM Corp, SoFi Technologies Inc, Navient Corp, Discover Financial Services, and Citizens Financial Group Inc are mentioned as companies that might be affected.

Portfolio Pulse from Natan Ponieman

April 09, 2024 | 9:24 pm

HUT

MARA

RIOT

CEOs of Riot Platforms Inc (RIOT), Marathon Digital Holdings Inc (MARA), and Hut 8 Corp (HUT) shared their perspectives on the upcoming Bitcoin halving. The halving will reduce the rate at which new bitcoins are created, impacting miners' revenues and costs. Riot's CEO anticipates a decrease in network hash rate and positions Riot as a low-cost producer poised for growth. Marathon's CEO expects most miners to remain profitable post-halving, with Marathon's efficient fleet maintaining profitability. Hut 8's CEO views the halving as an opportunity for growth and competitive strengthening, leveraging their strong balance sheet and low-cost operations.

Portfolio Pulse from Anthony Noto

April 09, 2024 | 9:18 pm

BDSX

Biodesix announced plans to present new data on its liquid biopsy technologies at the AACR 2024 Annual Meeting, emphasizing advancements in detecting cell free DNA (cfDNA) and the clinical value of rapid turnaround times for identifying actionable tumor mutations in real-world settings.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 9:02 pm

SHIBUSD

Shiba Inu (SHIB) has experienced a significant surge in daily transactions and token burns, indicating bullish sentiment among investors despite a recent price dip. The project's marketing lead announced major upgrades for Shiba Eternity, contributing to a 1,082% increase in daily transactions and a 1,344.1% increase in the burn rate. Large transaction volume also surged by 179.5%, with the price of SHIB up 4.2% week-over-week.

Portfolio Pulse from Khyathi Dalal

April 09, 2024 | 9:02 pm

FUSN

Fusion Pharmaceuticals presented interim data from its Phase 2 TATCIST clinical trial evaluating FPI-2265 at the AACR Annual Meeting 2024. The data highlights the progress and potential of FPI-2265 in clinical development.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 8:44 pm

INAB

IN8bio's shares surged following the announcement of promising preclinical data from its gamma-delta T cell based CAR-T platform.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 8:40 pm