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RVPH

Reviva Pharmaceuticals Holdings, Inc. (RVPH) shares surged following the announcement that it will present Phase 3 clinical trial data for its schizophrenia treatment, brilaroxazine, at the ASCPT 2024 annual meeting.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 4:23 pm

ABVC

ABVC BioPharma, Inc. (NASDAQ:ABVC) shares surged after announcing a global licensing agreement with ForSeeCon Eye Corporation for its ophthalmology pipeline, including Vitargus licensed products. ABVC will receive a $30 million licensing payment and is entitled to further payments and royalties. The partnership aims to enhance the quality of life for patients undergoing Vitrectomy procedures.

Portfolio Pulse from Erica Kollmann

March 26, 2024 | 4:23 pm

AAPL

AMZN

GOOG

META

MSFT

NVDA

QQQ

RDDT

SPY

TSLA

Reddit Inc (NYSE:RDDT) stock surged 30% to $59.80 and continued to rise by 13.7% in premarket trading, driven by AI exuberance and its potential in training large language models, despite being unprofitable. The article also highlights strong durable goods orders, upcoming consumer confidence data, and a $67B Treasury auction. Positive early trade money flows were noted in major tech stocks and ETFs, with the momo crowd buying stocks, gold, and oil. Bitcoin surpassed $70,000. The Arora Report advises investors to maintain a protection band and consider holding cash or short-term hedges.

Portfolio Pulse from The Arora Report

March 26, 2024 | 4:20 pm

HSY

MDLZ

Hershey Company (HSY) and Mondelez International Inc (MDLZ) are adjusting their strategies to cope with the impact of rising cocoa prices on profits, especially ahead of Easter. They are shifting focus towards non-chocolate treats and upscale Easter offerings to maintain sales amidst cocoa cost increases and consumer reluctance due to inflation. Despite the challenges, both companies are optimistic about maintaining Easter sales levels through strategic pricing and product focus.

Portfolio Pulse from Shivani Kumaresan

March 26, 2024 | 4:10 pm

CCK

Crown Holdings, Inc. (NYSE:CCK) has achieved the Aluminium Stewardship Initiative (ASI) Chain of Custody Standard V2 Certification for its Mexican operations, covering the production of beverage cans, can ends, and ROPP closures. This certification, part of Crown's Twentyby30 sustainability program, underscores the company's commitment to ethical practices and transparency throughout its value chain. The certification applies to several facilities in Mexico, emphasizing Crown's focus on responsible sourcing and minimizing environmental impact.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 4:05 pm

ADBE

Adobe announced Adobe Firefly Services and Custom Models at the Adobe Summit, introducing new generative AI capabilities for enterprise content creation and production. These services offer over 20 APIs, tools, and services for automating content production, including localization and personalization at scale. Custom Models allow enterprises to train AI models based on their IP for brand consistency. The integration into Adobe's Creative Cloud and production workflows aims to streamline content creation processes, meeting rising consumer expectations for personalized content.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 4:03 pm

ADBE

MSFT

Adobe and Microsoft have announced a partnership to integrate Adobe Experience Cloud workflows and insights with Microsoft Copilot for Microsoft 365, aimed at enhancing marketers' efficiency and creativity. This collaboration, revealed at the Adobe Summit, will allow marketers to manage workflows more efficiently by overcoming application and data silos. The integration will provide marketers with generative AI-powered capabilities, enabling them to develop creative briefs, content, and manage approvals directly within Microsoft 365 applications like Outlook, Teams, and Word.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 4:03 pm

ADBE

Adobe announced the launch of generative AI solutions aimed at enhancing the content supply chain for enterprises during the Adobe Summit. These solutions, including Adobe GenStudio and Adobe Firefly, are designed to streamline the creation, management, and measurement of marketing content and personalized customer experiences. Integrated with Adobe Experience Cloud and Creative Cloud, these offerings aim to address the challenges of disconnected workflows and the increasing demand for personalized content. Pfizer is highlighted as a key partner leveraging Adobe's solutions to improve its content delivery for medical information.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 4:02 pm

TEVA

The Supreme Court appears unlikely to restrict access to mifepristone, a medication used in over 60% of U.S. abortions, challenging the lawsuit brought by antiabortion doctors against the government's regulation loosening. The justices, showing skepticism across ideological lines, focused on the legal standing of the challengers. The drug's safety, supported by multiple studies, was emphasized, alongside the 2016 and 2021 rule changes that facilitated its access.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 4:01 pm

AFRM

MARA

NVDA

SMCI

SPY

USD

Portfolio Armor's hedging algorithm, developed post-Global Financial Crisis, offers a simple way to hedge investments by inputting the maximum drawdown risk. The algorithm's effectiveness is highlighted by the extraordinary returns of its most aggressive hedged portfolios, which have significantly outperformed the SPDR S&P 500 Trust (SPY) over the last eight weeks. This outperformance is attributed to luck, a concentration strategy in top names like Super Micro Computer, Inc. (SMCI), and an optimized security selection method. The article also mentions other stocks and ETFs like Nvidia, Inc. (NVDA), Affirm Holdings, Inc. (AFRM), Marathon Digital Holdings, Inc. (MARA), and the ProShares Ultra Semiconductor ETF (USD) as part of its successful strategy.

Portfolio Pulse from David Pinsen

March 26, 2024 | 3:50 pm