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TIGR

UP Fintech Holding Limited (NASDAQ:TIGR), a leading online brokerage, announced its Hong Kong subsidiary, Tiger Brokers (HK) Global Limited, received a Type 9 license from the SFC to provide asset management services. This license allows TBHK to offer discretionary account services to retail and professional investors, and asset management for collective investment schemes to professional investors. TBHK plans to leverage a seasoned investment team for tactical asset allocation and long-term value investing, aiming to facilitate wealth accumulation through a user-friendly platform.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 10:05 am

HYW

Hywin Holdings Ltd. (NASDAQ:HYW) announced a strategic business transformation, shifting focus from traditional wealth management to public market funds, NAV-based products, and insurance brokerage services. The company plans to exit the distribution of asset-backed products, historically tied to real estate, due to adverse market conditions. Hywin aims to diversify income by developing health management services and expanding into consumer industries. The transformation includes a structural reorganization, eliminating around 300 positions, and the resignation of two senior executives effective March 31, 2024.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 10:04 am

NTRB

Nutriband announced the clinical development and regulatory pathway for Aversa Fentanyl, an abuse-deterrent fentanyl transdermal patch. The NDA will rely on a single Phase 1 human abuse potential clinical study, bypassing the need for Phase 2 or 3 trials. Aversa Fentanyl combines Nutriband's Aversa technology with an FDA-approved fentanyl patch, developed through a 505(b)(2) NDA pathway.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 9:57 am

FXI

MU

Micron Technology's subsidiary in China has started the expansion of its chip packaging facility in Xi'an City, with the new factory expected to be operational in the second half of 2025, according to Reuters.

Portfolio Pulse from Charles Gross

March 27, 2024 | 9:15 am

AZN

EWJ

AstraZeneca's Truqap, in combination with Faslodex, has been approved in Japan for treating advanced HR-positive, HER2-negative breast cancer. The approval is based on the CAPItello-291 study results, which demonstrated a 50% reduction in the risk of disease progression or death compared to Faslodex alone.

Portfolio Pulse from Charles Gross

March 27, 2024 | 8:56 am

HYMTF

Kia Corporation, an affiliate of Hyundai Motor (OTCPK: HYMTF), has appointed renowned auto designers Oliver Samson and Seungmo Lim as Senior Chief Designers for its Europe and China Design Centers, respectively. Both designers have extensive experience with leading automakers, including Mercedes, Geely, Nio Inc, Changan Automobile, and BMW. Their recruitment is part of Kia's strategy to elevate its electric vehicle (EV) design, focusing on the development of smaller, more affordable EVs like the EV5, EV4, and EV3, priced between $35,000 and $50,000.

Portfolio Pulse from Anan Ashraf

March 27, 2024 | 8:49 am

RXT

Rackspace has introduced Digital Sovereignty Solutions aimed at the UK government and regulated industries like healthcare, law enforcement, pharma, and financial services. These solutions ensure data, support, and infrastructure remain within the UK, aiding regulatory compliance and reducing security risks amid rising global cyberthreats.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 8:21 am

CTSH

Cognizant has renewed its collaboration with Pon IT to continue providing managed services for cloud platforms, aiming to enhance agility, intuition, and innovation for Pon IT and its operating companies.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 8:06 am

VFS

Marques Brownlee, known as MKBHD, reviewed VinFast Auto's VF8, noting its similarities to the Fisker Ocean SUV, which he previously criticized. Despite some changes in materials and design to cut costs, Brownlee found the VF8's quality lacking, with issues like poor vegan leather seats, an outdated center screen, and a low-quality reverse camera. He concluded that the VF8, priced around $50,000, is a poor choice compared to other SUVs in the same price range. VinFast shares closed down 2.69% at $4.7, marking a 33.33% decline year-to-date.

Portfolio Pulse from Anan Ashraf

March 27, 2024 | 7:46 am

TSLA

Canaccord Genuity analyst George Gianarikas reaffirmed a bullish stance on Tesla, Inc. (NASDAQ:TSLA), despite prevailing negativity. He attributes recent delivery shortfalls to supply constraints, not demand issues, and anticipates positive earnings revisions in 2024 due to potential margin expansion and Cybertruck production ramp-up. Gianarikas revised his delivery and earnings estimates for Tesla and highlighted the company's strategy of offering software upgradable vehicles with high-margin software as a catalyst for future growth. He maintained a Buy rating and $234 price target for Tesla.

Portfolio Pulse from Shanthi Rexaline

March 27, 2024 | 7:32 am