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MDXXF

PharmAla Biotech Holdings (OTC:MDXXF) has been granted a US patent for ALA-002, a novel MDMA mixture, by the USPTO. This patent covers the composition of ALA-002, a mixture of MDMA enantiomers aimed at reducing adverse effects and addiction potential while improving pro-social effects. The company plans to pursue clinical research for treating social anxiety in Autism Spectrum Disorder and other neurological disorders, leveraging this patent to accelerate global IP efforts.

Portfolio Pulse from Lara Goldstein

March 27, 2024 | 10:56 pm

BCAN

Cannasoft Enterprises (NASDAQ:BCAN) has announced the suspension of their medical cannabis facility construction to pivot towards the Femtech sector, citing negative shifts in the global medical cannabis market and security concerns due to its proximity to the Gaza border. The company, known for its CRM software for the cannabis industry, plans to expand into the rapidly growing Femtech sector, leveraging its experience in software and manufacturing, including the development of the EZ-G Device, a CBD Oil sex toy.

Portfolio Pulse from Rolando García

March 27, 2024 | 10:27 pm

AUMN

CLF

FCX

FMST

GOLD

Foremost Lithium Resource & Technology (FMST) reports significant drilling progress in Manitoba, aiming for an updated resource estimate. Barrick Gold (GOLD) exits the El Quevar silver project agreement with Golden Minerals (AUMN), effective April 20, 2024. Cleveland-Cliffs (CLF) increases steel prices by $60 per net ton. Freeport-McMoRan (FCX) announces a 15-cents-per-share dividend, payable on May 1, 2024.

Portfolio Pulse from Austin DeNoce

March 27, 2024 | 9:46 pm

WBD

Pedro Pascal has completed filming for Season 2 of 'The Last of Us,' a Warner Bros. Discovery Inc (NASDAQ:WBD) HBO series, in record time in British Columbia, Canada. This rapid production progress has sparked speculation about the storyline and Joel's fate, especially considering the plot of 'The Last of Us Part II' video game where Joel is killed. The series is expected to premiere in early 2025, with new cast members including Isabela Merced and Young Mazino.

Portfolio Pulse from Franca Quarneti

March 27, 2024 | 8:48 pm

AAPL

TSLA

Brad Gerstner, CEO of Altimeter Capital, bought Tesla (TSLA) stock, inspired by Tesla's Full Self-Driving (FSD) Beta version 12, which he likened to a 'ChatGPT moment'. He praised the shift to an imitation learning model, predicting significant progress for Tesla. Despite recent selling pressure and competition in the EV market, Gerstner sees Tesla's move towards a services model, akin to Apple's transition, as a unique opportunity. He acknowledged risks, including potential soft sales in China and the possibility of missing delivery numbers.

Portfolio Pulse from Adam Eckert

March 27, 2024 | 8:33 pm

RUM

Rumble Inc (NASDAQ:RUM) reported Q4 earnings with a revenue of $20.39 million, missing the consensus estimate of $28.1 million but beating EPS estimates with a loss of 14 cents per share against an expected loss of 22 cents. The company saw a 16% quarter-over-quarter increase in monthly active users, reaching 67 million, with 48 million from the US and Canada. Average minutes watched per month slightly decreased, while hours of uploaded video per day increased year-over-year. Rumble highlighted its new products, including Rumble Cloud, and partnerships, such as with Barstool Sports. The company expects revenue growth starting Q2 of 2024 and aims for breakeven in 2025.

Portfolio Pulse from Chris Katje

March 27, 2024 | 8:31 pm

FDX

Financial analysis reveals a surge in options activity for FedEx (NYSE:FDX), with a bearish sentiment prevailing among traders. The analysis highlighted 17 unusual trades, with a mix of bullish and bearish positions, and a notable price window from $135.0 to $305.0 for FedEx's stock. The current trading volume and a slight price decrease are observed, alongside an upcoming earnings release in 83 days. FedEx's significant role in express package delivery and its financial performance are also discussed.

Portfolio Pulse from Benzinga Insights

March 27, 2024 | 8:31 pm

ZCAR

Zoomcar Holdings, Inc. (ZCAR) partners with ACKO Drive to offer Zoomcar Hosts savings on new car purchases and attractive financing options, aiming to expand their car fleet for the self-drive car sharing marketplace. This partnership is expected to increase earnings for Zoomcar Hosts, meet the growing demand for car sharing in India, and enhance customer experiences with newer car models. Zoomcar's Q3 2023 results show Hosts earned approximately $4 million, highlighting the potential for growth in this sector.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 8:30 pm

AQMS

Aqua Metals has successfully acquired a five-acre parcel in Tahoe-Reno and has significantly advanced the development of the Sierra AquaRefining Campus by completing major upgrades to the existing building. This development is on schedule and within budget, with commissioning set to begin in the summer and commercial production expected to start within the year. Additionally, Aqua Metals has secured an offtake partnership, which is likely to support its commercial activities.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 8:28 pm

INSM

Insmed Incorporated announced it will present nine abstracts from its respiratory portfolio at the American Thoracic Society 2024 International Conference. This showcases the company's commitment to advancing respiratory health and highlights its active role in the scientific community.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 8:17 pm