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TSLA

A Tesla Cybertruck was involved in an accident at the Beverly Hills Hotel in Los Angeles, causing property damage. The incident occurred on the first day the owner took possession of the vehicle. Despite the Cybertruck's robust construction, the accident highlights that it can still sustain damage.

Portfolio Pulse from Benzinga EV Insights

March 04, 2024 | 8:51 pm

ENCP

Energem shares are trading higher following an announcement from its merger partner about accelerating the timeline for a new manufacturing plant in Malaysia. This development is seen as a positive move for Energem, potentially boosting its future revenue and growth prospects.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 8:47 pm

AVDL

Avadel announced that the jury's decision will not affect the commercial launch or the potential of LUMRYZ to transform the lives of people with narcolepsy.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 8:41 pm

AVDL

JAZZ

Avadel Pharmaceuticals (NASDAQ:AVDL) responded to a jury ruling in a patent suit by Jazz Pharmaceuticals (NASDAQ:JAZZ) regarding LUMRYZ, a narcolepsy treatment. The jury ruled in favor of Avadel for one patent and against it for another. Avadel plans to appeal the unfavorable decision but does not expect it to affect LUMRYZ's commercial launch. LUMRYZ, approved by the FDA for narcolepsy treatment, has shown significant improvements in patients and has been granted seven years of Orphan Drug Exclusivity.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 8:39 pm

WULF

TeraWulf Inc. (NASDAQ:WULF) has exercised its option to increase energy resources by an additional 50 MW at the Nautilus facility in Pennsylvania, doubling its bitcoin mining capacity to 100 MW. This expansion, expected to be operational in 2025, will benefit from zero-carbon power at a fixed rate of 2.0 cents per kilowatt-hour. The company highlights the value of its Lake Mariner facility in NY with over 300 MW of available capacity and its position for success post-bitcoin halving due to its low cost of power.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 8:38 pm

COIN

Coinbase announced it has issued a fix for a display issue that affected customer account balances and caused latency on Coinbase.com, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 8:35 pm

COIN

Coinbase (NASDAQ:COIN) experienced its second connectivity issue in less than a week amid a Bitcoin price surge, with users reporting zero balances. The company assured users that assets are safe and trading is not impacted, attributing the problem to increased latency and promising updates soon. The crypto community reacted with mixed sentiments, highlighting the exchange's challenges during high trading volumes.

Portfolio Pulse from Khyathi Dalal

March 04, 2024 | 8:34 pm

DIS

Trian Fund Management is focusing on initiatives at Disney, including refining the parks strategy to set tangible return targets on the $60B of parks capital expenditure. Additionally, Trian aims to develop a clear direct-to-consumer (DTC) strategy for Disney, with tangible goals to achieve Netflix-like margins of 15%-20% by 2027.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 8:28 pm

DIS

Trian, an investment firm, has announced its intention to focus on several key initiatives at Disney, including evaluating Disney's organizational structure to improve accountability and efficiency, right-sizing the legacy media business cost structure in light of industry dynamics, and insisting on a digital strategy for ESPN.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 8:27 pm

ETHUSD

Donald Trump's cryptocurrency holdings, primarily in MAGA Meme coin (TRUMP), have surged to $8.79 million, marking a significant increase in value. This rise is attributed to a 22% increase in the value of TRUMP tokens, alongside gains in other crypto assets like WETH, Ethereum (ETH), BABYTRUMP, and Conan tokens. Trump's diverse crypto portfolio has shown remarkable growth, especially with the MAGA meme coin's rally, amidst a bullish crypto market and increasing interest in meme cryptocurrencies.

Portfolio Pulse from Murtuza Merchant

March 04, 2024 | 8:24 pm