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AAPL

Apple Inc. is exploring home robotics, focusing on a mobile robot and a table-top device with a robotic arm, after discontinuing its electric vehicle project. This move into robotics, still in early stages, could significantly impact the smart home market, despite uncertainties around consumer interest and technical feasibility.

Portfolio Pulse from Piero Cingari

April 03, 2024 | 8:57 pm

TVTX

Travere Therapeutics announced it will present abstracts on FILSPARI, its treatment for IgA Nephropathy, at the upcoming World Congress of Nephrology and the American Nephrology Nurses Association. This marks a significant step in the development and recognition of FILSPARI as a potential treatment option for this chronic kidney disease.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 8:46 pm

EHC

Encompass Health Corp. (NYSE:EHC) has announced plans to construct a 50-bed inpatient rehabilitation hospital in San Antonio, Texas. This facility will cater to patients recovering from serious illnesses and injuries, offering a range of therapies and care. The hospital will include private rooms, a therapy gym, and other amenities, aiming to provide high-quality, compassionate care. It will expand Encompass Health's presence in Texas, joining its network of 27 hospitals, with two more under development.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 8:46 pm

MGNX

MacroGenics shares dropped following the announcement that TAMARACK study data will not be presented at the ASCO Annual Meeting.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 8:40 pm

GFI

Gold Fields (NYSE:GFI) has commenced production at its Salares Norte mine in Chile, marking a significant milestone with the first gold-silver doré pour. The project, which began over 13 years ago, represents a major investment exceeding $1 billion and is crucial for Gold Fields' goal of producing 2.8 million ounces of gold by 2025. Initial production is expected to be around 250,000 ounces this year, with a target of 580,000 ounces in full-year production next year. The mine is expected to create 900 permanent jobs, contribute nearly $800 million in taxes over its 11-year lifespan, and incorporate innovative technologies and environmental initiatives.

Portfolio Pulse from Stjepan Kalinic

April 03, 2024 | 8:40 pm

LMT

Lunar Outpost, in collaboration with Lockheed Martin and other industry partners, has been awarded a contract by NASA to develop a human-rated Moon rover for the Artemis campaign. The financial terms of the contract were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 8:38 pm

GOOG

GOOGL

MSFT

Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) shares fluctuated after a report that Google is considering charging for AI-powered search features. This would be the first time Google has put part of its core Search product behind a paywall, with its traditional search engine remaining free. The move comes after Microsoft Corp (NASDAQ:MSFT) launched its AI-powered search tool, Copilot, over a year ago. Google's Search business generated about $175 billion in 2023, over half of Alphabet's total sales.

Portfolio Pulse from Adam Eckert

April 03, 2024 | 8:37 pm

AYRWF

CNTMF

MAPS

SNDL

Following a Florida Supreme Court decision, a report by Pablo Zuanic predicts a 400% growth in Florida's cannabis market if legalization passes in Nov. 2024, potentially increasing the market to $6B. Companies like Cansortium, AYR Wellness, iAnthus, SNDL, Trulieve, Planet 13, Cannabist, Cresco, Verano, and Curaleaf are expected to see significant valuation increases. The report also anticipates increased M&A activity and benefits for ancillary service providers like WM Technology.

Portfolio Pulse from Nicolás Jose Rodriguez

April 03, 2024 | 8:36 pm

BTBT

Bit Digital reported a 6% increase in BTC production in March 2024, producing 136.4 BTC. The company's active hash rate was 2.76 EH/s, with cash equivalents of $34.9 million. It operated 251 servers under the Bit Digital AI contract, generating an estimated $4.3 million in revenue.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 8:34 pm

MGNX

MacroGenics announced that the TAMARACK study data will not be presented at the ASCO Annual Meeting. However, the company plans to share further interim data from the TAMARACK study by the end of May.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 8:33 pm