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MARA

Marathon Digital Holdings, Inc. (NASDAQ:MARA) has launched MARAFW and MARA UCB 2100, firmware and a control board designed to enhance Bitcoin mining rigs' performance, efficiency, and stability. These products, developed as part of Marathon's vertical tech stack, are now available to the broader Bitcoin mining community after successful deployment across Marathon's fleet of over 200,000 rigs and sales to enterprise clients. The technology aims to optimize mining operations, offering features like increased hash rate, thermal protection, and compatibility with various mining pools.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 12:32 pm

ABBV

LABP

AbbVie Inc. is set to acquire Landos Biopharma for approximately $137.5 million, or $20.42 per share in cash, with an additional contingent value right of up to $11.14 per share, subject to clinical development milestones. This acquisition aims to advance the clinical development of NX-13, a novel oral treatment for autoimmune diseases such as ulcerative colitis and Crohn's disease. The transaction is expected to close in the second quarter of 2024, pending customary closing conditions and approval by Landos' stockholders.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 12:32 pm

STIM

NeuroStar Advanced Therapy has been granted FDA clearance to be used as a first-line add-on treatment for adolescents suffering from depression. This marks a significant milestone as it becomes the first therapy of its kind to receive such approval, potentially opening new avenues for treatment in younger populations.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 12:31 pm

GPRE

Green Plains Inc. has initiated the commissioning of a demonstration facility in York, Nebraska, integrating Fluid Quip Technologies' MSC with Shell Fiber Conversion Technology. This facility aims to enhance the production of renewable corn oil, cellulosic sugars for low-carbon fuels, and Ultra-High Protein feed ingredients. The collaboration between Green Plains and Shell represents a significant step towards transforming the grain processing and biofuels industry. The successful demonstration could lead to commercial deployment, with Green Plains handling protein product distribution and Shell managing low-carbon feedstocks.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 12:24 pm

CMG

CNM

MU

NVDA

SHAK

Wall Street's most accurate analysts have made new stock picks, highlighting potential upsides and downsides in companies like Micron Technology, NVIDIA, Shake Shack, Core & Main, and Chipotle Mexican Grill. These picks are based on recent company performances and market trends, with analysts from firms like Oppenheimer, Truist Securities, Wedbush, Deutsche Bank, and Wells Fargo providing insights.

Portfolio Pulse from Avi Kapoor

March 25, 2024 | 12:23 pm

IONS

Ionis Pharmaceuticals announced it will present Phase 3 data for Olezarsen in treating Familial Chylomicronemia Syndrome at the 2024 American College of Cardiology Annual Meeting. The data shows significant reduction in triglycerides and a substantial reduction in acute pancreatitis events in patients with this rare, life-threatening disease, which currently has no approved treatment options in the U.S.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 12:20 pm

ASTL

Algoma Steel Group Inc. (NASDAQ:ASTL) provided fiscal Q4 2024 guidance, expecting steel shipments between 445,000-460,000 tons and Adjusted EBITDA of C$30M-C$40M. An unplanned outage at its blast furnace significantly impacted the quarter's performance. CEO Michael Garcia highlighted the recovery from the January incident, strong demand, rising market prices for Hot Rolled Coil, and the on-schedule Electric Arc Furnace project as key factors for future improvement.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 12:19 pm

FYBR

Frontier (NASDAQ:FYBR) has been awarded a $24.7M grant by Connect Illinois, with support from Greene County Economic Development Group, to expand its high-speed fiber broadband service to rural areas in Illinois. This expansion aims to connect unserved and underserved communities, supporting economic growth, healthcare, education, and closing the digital divide in Greene County.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 12:17 pm

DZSI

DZS (NASDAQ:DZSI) and Irby Utilities are collaborating with Connect2First and the City of Cabot, Arkansas, to develop the state's first city-owned high-speed fiber internet and telephony network. This project aims to provide 10 gigabit per second symmetrical passive optical networking (XGS-PON) services to over 26,000 residents and businesses in Cabot, leveraging DZS's technology and Irby's broadband network expertise.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 12:16 pm

MTNB

Matinas BioPharma announced results from an additional in vivo study in healthy mice with an oral LNC formulation of Docetaxel, a chemotherapeutic agent. This study is significant for the management of multiple metastatic and unresectable tumors.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 12:16 pm