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GEHC

GE HealthCare has received FDA clearance for nCommand Lite by IONIC Health, enabling multi-vendor, multi-modality remote operations. GE HealthCare will exclusively distribute this product, enhancing its offerings in the healthcare technology sector.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 1:04 pm

MCD

The number of cannabis dispensaries in the US has surpassed McDonald's locations, reflecting changing attitudes towards cannabis. Over half of Americans live in areas allowing recreational use, with nearly 15,000 dispensaries nationwide. Challenges include competition with the illicit market and high taxes. The Benzinga Cannabis Capital Conference in Florida will address these issues and opportunities in the cannabis industry.

Portfolio Pulse from Abbey Higginbotham

March 25, 2024 | 1:04 pm

KINS

Kingstone Insurance Company has announced a partnership with Zojacks to enhance protection for its policyholders by offering solutions to mitigate water damage risks. This initiative aims to reduce the frequency and severity of water-related claims.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 1:03 pm

TSLA

Tesla has reportedly reduced production at its Shanghai Gigafactory, according to supply chain sources cited by DigiTimes. The company has postponed its manufacturing plans, indicating potential disruptions or adjustments in its production strategy.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 12:53 pm

TWR.V

Stuart Averill, chairman of Overburden Drilling Management, celebrates 50 years in mining exploration, highlighting his role in discovering significant gold deposits in Canada. Averill, also a board member of Tower Resources Ltd (TSXV:TWR), shared insights at the PDAC conference in Toronto about his innovative exploration techniques and notable discoveries, including the Casa Berardi and Rainy River deposits. His current work at Tower Resources has led to promising findings at the Rabbit North project in British Columbia, with the 'Lightning' and 'Thunder' gold deposits poised for further exploration.

Portfolio Pulse from Neil Dennis

March 25, 2024 | 12:52 pm

IR

Ingersoll Rand Inc (NYSE:IR) is set to acquire ILC Dover from New Mountain Capital, LLC for approximately $2.3 billion, aiming to expand into the life sciences sector. The deal, expected to close in Q2 2024, includes an upfront cash purchase and an earnout based on 2024 operating efficiency. This acquisition will add over $10 billion to Ingersoll Rand's addressable market, reaching a total of about $65 billion. ILC Dover, serving the biopharmaceutical and space industries, is anticipated to generate $400 million in revenue by 2024. Ingersoll Rand had $1.6 billion in cash as of the end of 2023.

Portfolio Pulse from Shivani Kumaresan

March 25, 2024 | 12:51 pm

AMD

BA

TSLA

Cryptocurrencies like Bitcoin, Ethereum, and Dogecoin are gaining momentum as analysts predict a positive outlook for the altcoin market and a potential rise in Bitcoin's value to $70K. In the US markets, stocks such as Esperion Therapeutics and Masimo are moving higher in pre-market sessions, despite a fall in investor sentiment. Political developments include potential actions by Trump regarding a bankruptcy trigger and Biden's comments on Trump's golf skills. In technology, AMD and Nvidia show divergent premarket movements, while China plans to replace AMD and Intel chips and Microsoft Windows in state computers. Tesla faces scrutiny over its production and valuation, but also sees developments with its Cybertruck and team. Boeing's labor union seeks a board voice, and Cathie Wood's Ark invests further in Tesla while selling a Bitcoin-linked stock. Other notable mentions include developments in Ukraine, Facebook, Nissan's electrification plans, and energy sector movements.

Portfolio Pulse from Akanksha Bakshi

March 25, 2024 | 12:51 pm

CYTO

Altamira Therapeutics has entered into a collaboration with Univercells Group to explore the potential of Altamira's SemaPhore platform for delivering mRNA vaccines. This partnership aims to leverage the SemaPhore platform's capabilities in enhancing the delivery and effectiveness of mRNA vaccines, which could have significant implications for future vaccine development and distribution.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 12:48 pm

KLG

LWAY

SEED

TBBB

TSN

As of March 25, 2024, five consumer staples stocks are considered overbought based on their RSI values, indicating potential short-term performance issues. Lifeway Foods, BBB Foods, Origin Agritech, WK Kellogg, and Tyson Foods have all seen significant price gains recently, but their high RSI values suggest they may be due for a correction.

Portfolio Pulse from Avi Kapoor

March 25, 2024 | 12:47 pm

ATXS

Astria Therapeutics shares surged following the announcement of positive initial proof-of-concept results from the ALPHA-STAR Phase 1b/2 clinical trial for STAR-0215 in HAE patients.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 12:43 pm