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Former President Donald Trump has shifted his stance on cryptocurrencies from skepticism in 2019 to actively engaging and promoting them in 2024, including selling a collection of sneakers for Bitcoin and trading Ethereum. His meme cryptocurrency, MAGA (TRUMP), has seen a significant return. This change reflects a broader acceptance of cryptocurrencies, as evidenced by Bitcoin's recent surge to new all-time highs.

Portfolio Pulse from Benzinga Neuro

March 12, 2024 | 10:35 am

REVB

Revelation Biosciences announced positive data on its proprietary formulation, Gemini, showing its potential in improving kidney function and reducing inflammation related to acute kidney injury. Gemini, a phosphorylated hexaacyl disaccharide (PHAD), is under development for various applications including the prevention of hospital-acquired infections and treatment of acute and chronic organ diseases.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 10:24 am

VLVLY

Volvo Cars (OTC:VLVLY) has partnered with Breathe Battery Technologies to reduce EV charging times by up to 30%. The collaboration aims to enhance charging efficiency using Breathe's battery management software, which promises faster charging while maintaining battery health. This move is part of Volvo's broader strategy to transition to electric mobility, including adopting Tesla's North American charging standard and phasing out diesel cars by 2024.

Portfolio Pulse from Benzinga Neuro

March 12, 2024 | 10:22 am

IDYA

MRK

Ideaya Biosciences has partnered with Merck to conduct a Phase 1 trial evaluating IDEE161 in combination with Keytruda for endometrial cancer. This collaboration includes a clinical trial collaboration and supply agreement.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 10:11 am

TSLA

Tesla Inc (NASDAQ:TSLA) has announced an offer for long-term shareholders to receive early delivery of the Foundation Series Cybertruck. Eligibility requires a reservation in the participant's name before March 1, 2024, and proof of owning Tesla shares on specific dates with a minimum of 500 shares by Feb. 29, 2024. The offer aims to reward loyal shareholders amidst high demand and production challenges, with Tesla aiming to deliver 250,000 Cybertrucks in North America by 2025.

Portfolio Pulse from Anan Ashraf

March 12, 2024 | 10:00 am

ABNB

Airbnb, Inc. (NASDAQ:ABNB) announced a global ban on indoor security cameras in listings to prioritize customer privacy. The updated policy also includes stricter guidelines for outdoor cameras and devices like noise monitors, while allowing doorbell cameras and noise decibel monitors. The policy change, effective April 30, aims to provide clearer rules for the Airbnb community. The company has seen a 40% share price increase over the past year and reported strong financial results for the fourth quarter, including $63 million in net cash from operating activities. Airbnb also initiated a $6 billion share repurchase program and forecasts first-quarter revenue between $2.03 billion and $2.07 billion, with expectations of a higher take rate and moderate nights booked growth.

Portfolio Pulse from Nabaparna Bhattacharya

March 12, 2024 | 9:47 am

ACAD

AEVA

ASAN

OCUL

ACADIA Pharmaceuticals' shares fell sharply in pre-market trading after its Phase 3 trial for schizophrenia treatment failed to meet the primary endpoint. Other stocks like Ocular Therapeutix, Aeva Technologies, and Asana also saw declines due to various reasons including poor financial results and reverse stock split announcements.

Portfolio Pulse from Avi Kapoor

March 12, 2024 | 9:36 am

NAAS

NaaS Technology (NASDAQ:NAAS) has formed a strategic partnership with China Construction Third Engineering Bureau (CCTEB) to accelerate the digitalization and expansion of the EV charging infrastructure network in China. The collaboration aims to integrate NaaS' digital operation expertise with CCTEB's construction capabilities, focusing on projects related to PV-charging-storage integration and energy ports. Financial terms of the agreement were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 9:11 am

GOOG

MSFT

The ongoing feud between Mark Cuban and Elon Musk extends to AI bias discussions, with Musk criticizing AI models like OpenAI's GPT-4 and Google's Gemini for bias, while Cuban argues that no AI can be bias-free and market preferences will dictate AI development. Musk has also been promoting his own AI, xAI's Grok, as unbiased. The debate includes concerns over AI content moderation filters and calls for open-sourcing AI technologies.

Portfolio Pulse from Rounak Jain

March 12, 2024 | 9:10 am

HII

HII (NYSE:HII) unveiled the REMUS 130, a new unmanned underwater vehicle (UUV), at the Oceanology International 2024 conference. The REMUS 130, a third-generation model of the REMUS 100 series, offers enhanced underwater operational capabilities with features like a compact design, effortless payload integration, operational depths of up to 100 meters, and an extended battery life of up to 10 hours.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 9:01 am