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MGM

BetMGM, a leading sports betting and iGaming operator, has launched mobile sports betting in North Carolina, offering a wide range of betting options and real-world rewards. The launch includes a partnership with Charlotte Motor Speedway to enhance race day experiences and an extended partnership with Richard Childress Racing. BetMGM's platform features advanced technology for pre-game and in-game betting, a loyalty program with MGM Resorts, and a focus on responsible gambling with resources like GameSense.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 4:08 pm

MSTR

MicroStrategy Inc (NASDAQ:MSTR) has invested over $800 million in Bitcoin, bringing its total holdings to approximately 205,000 BTC. The company's bullish stance is driven by the recent approval of spot Bitcoin ETFs, the upcoming halving event, and the belief that Bitcoin is a superior investment. Michael Saylor, Executive Chair, argues that MicroStrategy offers a better investment vehicle than ETFs due to its intelligent leverage strategy.

Portfolio Pulse from Adam Eckert

March 11, 2024 | 4:07 pm

VTYX

Ventyx Biosciences' stock price declined following the release of clinical data for its NLRP3 inhibitor portfolio and updates on its pipeline.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 4:04 pm

MRK

MRNA

Moderna and Merck are initiating a trial for a skin cancer treatment using a vaccine combination, signaling confidence in their broad program. This is their third late-stage study, targeting cutaneous squamous cell carcinoma (CSCC), the second-most common form of skin cancer in the U.S. The combination includes Merck's Keytruda and Moderna's mRNA-based vaccine, also under evaluation for melanoma and non-small cell lung cancer. Despite this development, Moderna's stock has declined 18.3% over the past year.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 3:59 pm

INPX

XTIA

Inpixon announced the anticipated closing date for its merger with XTI Aircraft Company as March 12, 2024, after market close. Post-merger, the company will be named XTI Aerospace, Inc. and will trade on Nasdaq under the new ticker symbol 'XTIA' starting March 13, 2024. The merger aims to advance the development of the TriFan 600 vertical lift crossover airplane and continue offering RTLS technology. A 100-for-1 stock consolidation will occur immediately before the merger to meet Nasdaq listing requirements. Inpixon's CEO's entity will invest $1.5 million in equity financing in the company. The TriFan 600 aims to serve various segments of private air travel, with over 700 conditional pre-orders indicating a potential for over $7 billion in gross revenue.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 3:54 pm

GLD

MSTR

NVDA

SMH

NVIDIA Corp (NVDA) has traced a bearish outside day pattern, leading to a significant loss in value. The Arora Report had previously signaled to hedge NVDA positions, which has proven effective. NVDA's performance is crucial due to its central role in the AI revolution and its impact on the S&P 500 and semiconductor sector. The article also notes central banks buying gold, with positive early trade money flows in AAPL, GOOG, and TSLA, but negative in AMZN, META, MSFT, NVDA, SPY, and QQQ. MicroStrategy Inc (MSTR) is buying more Bitcoin, which has surpassed $72,000.

Portfolio Pulse from The Arora Report

March 11, 2024 | 3:51 pm

DUOL

Duolingo Inc (NASDAQ:DUOL) shares rose after reporting better-than-expected Q4 results, with JPMorgan highlighting its growth potential. Analyst Bryan Smilek initiated coverage with an Overweight rating and a $270 price target, citing sustainable revenue growth and strong user growth prospects driven by product optimizations and a social-first marketing strategy. Smilek also noted Duolingo's potential for long-term pricing power through premium GenAI-powered features.

Portfolio Pulse from Priya Nigam

March 11, 2024 | 3:44 pm

LLY

Eli Lilly's stock is trading lower due to the FDA delaying its decision on the company's donanemab treatment for Alzheimer's. This delay may impact investor sentiment and the short-term stock performance.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 3:38 pm

ACN

Financial giants have shown a bullish sentiment towards Accenture (NYSE:ACN) based on recent options trading activity. Analysis revealed 70% bullish and 30% bearish trades, with significant investors targeting a price range of $340 to $380 for ACN. The company, a global IT-services firm, is currently trading at $374.35, down by -1.01%. Analysts have set an average target price of $383, with mixed ratings from RBC Capital, B of A Securities, and Baird.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 3:31 pm

BA

LTM

A LATAM Airlines flight from Sydney to Auckland experienced a 'technical event' causing a nosedive, injuring about 50 people. The Boeing 787-9 Dreamliner landed safely in Auckland. LATAM and Boeing are addressing the incident, with LATAM providing support to affected passengers. Emergency services responded, and some passengers required hospital treatment.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 3:27 pm