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META

MNMD

PSIL

TSLA

Beckley Psytech and atai Life Sciences announced positive results from a Phase 2a study of 5-MeO-DMT for Treatment Resistant Depression. Utah hospitals will soon offer psilocybin and MDMA therapy. Elon Musk discussed the benefits of ketamine for depression and its positive impact on investors. Meta is under investigation for potentially facilitating illegal drug sales. MindMed's CEO highlighted LSD's potential in a podcast. Various companies and ETFs are mentioned with their stock performance.

Portfolio Pulse from Lara Goldstein

March 29, 2024 | 4:43 pm

DOGEUSD

WIFUSD

DogeDesigner, a key figure in the crypto community, hinted at an aggressive market move for Dogecoin (CRYPTO: DOGE), coinciding with a 14% increase in its value to $0.22 ahead of Doge Day. Dogecoin's market cap rose to $31.33 billion after a 48% surge over the last week. Additionally, Dogwifhat (CRYPTO: WIF) became the third-largest meme coin by market cap, increasing by 16% in the last 24 hours.

Portfolio Pulse from Benzinga Neuro

March 29, 2024 | 2:40 pm

BTCUSD

MSFT

Hackers have targeted Call of Duty cheaters with malware that steals Bitcoin from their wallets. The cyberattack has compromised over 3.6 million Battlenet, 561,000 Activision, and 117,000 Elite PVPers accounts, affecting both cheaters and legitimate gamers. Activision Blizzard, now a Microsoft subsidiary, is working with cheat code providers to assist impacted users. This incident highlights the increasing trend of cyberattacks within the gaming and cryptocurrency communities.

Portfolio Pulse from Benzinga Neuro

March 29, 2024 | 2:31 pm

AMC

CGC

IONQ

JD

MSTR

Benzinga's Stock Whisper Index highlights Canopy Growth Corp, JD.Com Inc, MicroStrategy Inc, AMC Entertainment Holdings Inc, and IonQ Inc as stocks to watch. Canopy Growth benefits from Germany's cannabis legalization, JD.Com sees investor interest post-earnings, MicroStrategy's Bitcoin strategy draws attention, AMC plans a stock offering, and IonQ announces strategic agreements and a new team member.

Portfolio Pulse from Chris Katje

March 29, 2024 | 2:01 pm

ATAI

CMPS

Atai Life Sciences (NASDAQ:ATAI) reported its Q4 and full-year 2023 financial results, revealing a significant cash drain but maintaining its 2026 operational funding target. The company's cash and investments decreased to $154.2 million from $273.1 million the previous year. Despite a net loss reduction, the decrease in cash is attributed to operational activities and investments in its psychedelic pipeline, including a strategic investment in Beckley Psytech. Atai continues to focus on developing treatments for mental health disorders, with promising results from its psychedelic-based therapies, including BPL-003 for Treatment-Resistant Depression.

Portfolio Pulse from Lara Goldstein

March 29, 2024 | 1:20 pm

CWEN

FSLR

ICLN

NEE

TAN

California and Germany have made significant strides towards 100% renewable energy, with California's power supply recently being over 70% renewable on average. The clean energy sector faces uncertainty with the upcoming 2024 presidential election. ETFs like iShares Global Clean Energy ETF (ICLN) and Invesco Solar ETF (TAN) have seen minor upticks this week, despite losses over the past year. Stocks such as NextEra Energy Inc (NEE), First Solar Inc (FSLR), and Clearway Energy, Inc. (CWEN) are recovering but still down from last year's prices.

Portfolio Pulse from Natan Ponieman

March 29, 2024 | 12:48 pm

KRE

'Rich Dad Poor Dad' author Robert Kiyosaki predicts a financial crisis in the US similar to China's, impacting baby boomers' retirement plans. He attributes the crisis to the collapse of major entities in China and warns of similar issues in the US commercial real estate sector. Kiyosaki advises investing in tangible assets like gold, silver, and Bitcoin over fiat currency or real estate investment trusts (REITs). The SPDR S&P Regional Banking ETF (KRE) is mentioned in relation to the challenges faced by the US banking system, including the exposure of regional banks to commercial real estate.

Portfolio Pulse from Shanthi Rexaline

March 29, 2024 | 12:12 pm

META

A study found AI is over three times less predictive for depression in Black Americans' Facebook posts compared to white individuals. Conducted by U.S. researchers and published in the Proceedings of the National Academy of Sciences, the study highlights racial disparities in AI's effectiveness in mental health assessment through social media, specifically on Meta Platforms Inc.'s Facebook. This underscores the ongoing issue of bias in AI technologies and the need for more inclusive technology development.

Portfolio Pulse from Rounak Jain

March 29, 2024 | 11:51 am

GM

A recent AAA study reveals 66% of drivers are afraid of self-driving cars, with 24% uncertain about the technology. Misconceptions about the availability of fully autonomous vehicles and high-profile crashes have contributed to this fear. The study emphasizes the need for more reliable technology and better public understanding. Tesla CEO Elon Musk and the autonomous vehicle industry, including General Motors (NYSE:GM), face regulatory scrutiny and challenges in achieving widespread autonomous driving.

Portfolio Pulse from Benzinga Neuro

March 29, 2024 | 10:46 am

META

Meta Platforms Inc. (NASDAQ:META) is set to discontinue the Facebook News feature in the U.S. and Australia as part of its strategy to reduce focus on news and political content. The decision follows the feature's closure in the U.K., France, and Germany last year. Users will still be able to access news articles through links and news organizations can post and promote content on Facebook. This move is in response to criticism over misinformation and political polarization.

Portfolio Pulse from Rounak Jain

March 29, 2024 | 9:38 am