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CSCO

Cisco has introduced new collaboration devices, including the Cisco Board Pro G2 and Cisco Desk Phone 9800 Series, aimed at enhancing hybrid work environments. These devices, unveiled at Enterprise Connect in Orlando, are designed with AI features to support modernized collaboration across various office settings. The launch addresses the need for better office technology to support meaningful collaboration, as over 50% of employers and employees feel current office setups are inadequate.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 4:05 pm

NICE

NICE shares are trading higher following the announcement of its NICE Enlighten XM.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 4:04 pm

SABS

SAB Biotherapeutics, Inc. (SABS) announced a clinical partnership with the Naval Medical Research Center (NMRC) to advance SAB-176, a potential influenza treatment. The partnership, supported by the Henry Jackson Foundation, will conduct a pharmacokinetic, safety, and tolerability study of SAB-176 in healthy volunteers. SAB-176, developed using SAB's DiversitAb platform, targets influenza A and B and has received Breakthrough Therapy and Fast Track Designations from the FDA. This study marks the first intramuscular administration trial of a DiversitAb platform product.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 2:18 pm

BTCUSD

Glassnode's report highlights the significant role of Bitcoin ETFs in altering the traditional market dynamics surrounding the Bitcoin halving. The influx of institutional demand through ETFs is changing the supply-demand equilibrium, potentially diminishing the halving's bullish impact. ETFs are pulling Bitcoin out of circulation, adding complexity to market sentiment. The report suggests monitoring ETF activities and the behavior of long-term holders as crucial strategies for navigating the upcoming halving event.

Portfolio Pulse from Murtuza Merchant

March 25, 2024 | 2:18 pm

VSTO

MNC Capital Partners has increased its acquisition offer for Vista Outdoor, Inc. (NYSE:VSTO) to $37.50 per share, valuing the company at approximately $3.0 billion. This offer is a 16% premium over Vista's last closing price and significantly higher than the initial offer made in February. The bid is not contingent on financing or CFIUS review, and MNC urges a quick response from Vista, highlighting benefits for shareholders and employees. Additionally, Vista's segment Revelyst acquired PinSeeker, enhancing its off-course golf and connectivity offerings. VSTO shares rose 0.37% to $32.38 following the news.

Portfolio Pulse from Akanksha Bakshi

March 25, 2024 | 2:18 pm

FCX

GOLD

NEM

The Biden administration announced a $475 million funding allocation for clean energy projects in the mining sector, targeting companies like Freeport-McMoRan (FCX), Barrick Gold (GOLD), and Newmont (NEM). This initiative aims to support communities affected by the energy transition, with each company pursuing unique projects and strategies. Freeport-McMoRan is focusing on a geothermal and battery storage project in Arizona, Barrick Gold is expanding into copper mining in Africa and the Middle East, and Newmont is streamlining operations post-Newcrest acquisition.

Portfolio Pulse from Stjepan Kalinic

March 25, 2024 | 2:18 pm

SMCI

JPMorgan has identified a tech stock, presumably SMCI, that has already tripled in value this year and is expected to continue its upward trajectory due to its significant role in the AI revolution. The endorsement from a major financial institution like JPMorgan suggests strong confidence in the company's future performance and its contributions to AI technology.

Portfolio Pulse from Happy Mohamed

March 25, 2024 | 1:49 pm

IVVD

The FDA granted emergency use authorization to Invivyd Inc's Pemgarda for COVID-19 prevention in individuals with immune compromise. Invivyd announced financial details, including a cash runway into Q4 2024, and shared interim data from the CANOPY Phase 3 trial of VYD222 (Pemgarda), showing promising results against COVID-19. However, IVVD shares dropped 13.20% to $3.79.

Portfolio Pulse from Vandana Singh

March 25, 2024 | 1:44 pm

CRWD

CrowdStrike (NASDAQ:CRWD) and HCLTech (NSE: HCLTECH) have announced a strategic partnership where HCLTech's managed detection and response (MDR) solutions will utilize CrowdStrike's AI-native Falcon XDR platform. This collaboration aims to enhance enterprise cybersecurity transformation, leveraging the Falcon platform's capabilities across various cybersecurity domains. The partnership is expected to address the increasing sophistication of cyberattacks and the cybersecurity skills gap by combining HCLTech's MDR expertise with CrowdStrike's technology.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 1:30 pm

BOSC

BOS Better Online Solutions Ltd. (BOS) received a €565,000 order for a robotic production line from an Israeli defense-industry customer, set for delivery in Q4 2024. This aligns with BOS' strategic growth plan focusing on the Israeli defense market.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 1:26 pm