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PFE

Pfizer Oncology has announced the formation of a new Oncology organization and outlined its strategic priorities following the acquisition of Seagen in late 2023. The company highlighted its robust portfolio and R&D capabilities, projecting 8+ potential blockbuster medicines by 2030.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 11:02 pm

SONY

Sony Group Corp (NYSE:SONY) announced the lineup for March's PlayStation Plus games, featuring titles like EA Sports F1 23, Destiny 2: Witch Queen, Hello Neighbor 2, and Sifu. These games, ranging from racing simulations to horror adventures and martial arts combat, will be available for download from March 5 to April 1. Additionally, three games are leaving the service on March 4. The announcement follows news of Sony cutting 900 jobs and shutting down its London Studio.

Portfolio Pulse from Franca Quarneti

February 29, 2024 | 10:43 pm

HOOD

Robinhood (NASDAQ:HOOD) announced its partnership with Arbitrum, a layer-2 Ethereum blockchain, to integrate into its Robinhood Wallet for simpler and more efficient crypto swaps. This collaboration aims to bridge traditional finance with decentralized finance (DeFi) and could significantly influence traditional investors' interaction with DeFi platforms, potentially increasing adoption and investment in the crypto ecosystem. Arbitrum is noted for its efficiency and lower transaction costs, with a total value locked (TVL) of approximately $3.2 billion.

Portfolio Pulse from Murtuza Merchant

February 29, 2024 | 10:28 pm

REE

REE Automotive announces a public offering of its Class A Ordinary Shares, with terms yet to be disclosed. The company plans to grant the underwriter an option to purchase additional shares to cover over-allotments. M&G Investment Management Limited has shown interest in buying shares at the offering price. The proceeds will be used for working capital, product development, and commercialization.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 10:24 pm

NXU

Nxu shares surged following the announcement that the company successfully charged a Tesla Cybertruck on Feb. 26, showcasing a significant technological achievement.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 10:23 pm

BAC

BLK

HOOD

MS

SCHW

UBS

WFC

Merrill (Bank of America Corp.) and Wells Fargo & Co. have started offering Bitcoin ETFs to their wealth management clients, following SEC's approval of Bitcoin ETFs. This move is part of a broader trend with firms like Charles Schwab Corp., Robinhood Markets Inc., UBS Group AG, and potentially Morgan Stanley exploring similar offerings. BlackRock Inc. and Fidelity Investments have seen significant inflows into their Bitcoin ETFs, indicating strong demand. However, Vanguard Group Inc. remains skeptical about cryptocurrency investments.

Portfolio Pulse from Murtuza Merchant

February 29, 2024 | 10:18 pm

ARIZ

FUFU

Arisz Acquisition Corp. (NASDAQ:ARIZ) has completed its business combination with BitFuFu, a leading company in the digital asset mining industry. The combined entity, BitFuFu Inc., will trade on Nasdaq under the ticker symbols 'FUFU' for Class A ordinary shares and 'FUFUW' for warrants, starting March 1, 2024. This merger, approved by shareholders of both companies, marks BitFuFu's entry into the public market, aiming to expand its global footprint and offerings in cloud-mining, self-mining, and miner hosting. The merger is supported by a $74M PIPE investment to accelerate BitFuFu's growth.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 10:06 pm

CVX

Chevron has announced its inaugural solar-to-hydrogen production project in California's Central Valley, aiming to produce low carbon intensity (LCI) electrolytic hydrogen through the process of electrolysis.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 10:05 pm

GIA

QTI

GigCapital5, Inc. (NASDAQ:GIA) and QT Imaging, Inc. have announced the completion of their business combination on March 4, 2024, with QT Imaging Holdings, Inc. expected to start trading on Nasdaq under the ticker 'QTI' on March 5, 2024. This marks GigCapital5's fifth business combination, leveraging QT Imaging's innovative medical imaging technology. QT Imaging, known for its advanced breast imaging system, is poised for growth in the healthcare market.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 10:04 pm

DNA

Ginkgo Bioworks anticipates adding 100-120 new cell programs to its cell engineering platform in 2024, with expected total revenue ranging between $215M-$235M, which is below the estimated $279.546M.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 10:04 pm