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VTYX

Traders are closely watching Ventyx Biosciences (VTYX) due to circulating unconfirmed analyst comments suggesting the company could be behind the next major weight loss drug. This speculation is based on a new publication indicating that NLRP3, a focus of Ventyx Biosciences, has shown significant weight loss effects similar to those of GLP-1.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 2:34 pm

MULN

Mullen Automotive has updated the timeline for the U.S. Customs and Border Protection (CBP) ruling on its Class 1 EV cargo vans. The CBP typically processes ruling requests on a first-in, first-out basis and decisions are usually made within 45 to 90 days, although this timeframe may extend based on the agency's caseload.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 2:31 pm

LI

SDA

Li Auto Inc. (NASDAQ:LI) shares are up in premarket trading after announcing a business cooperation pact with SunCar Technology Group Inc. (NASDAQ:SDA) to develop 'Li Auto Insurance's Broker System.' This system aims to enhance technological advancement and operational efficiency in the insurance industry, with completion expected by November 15, 2024. SunCar will provide design, development, operational support, and lifelong maintenance for the system.

Portfolio Pulse from Nabaparna Bhattacharya

February 21, 2024 | 2:29 pm

CZR

EVO

Evolution (EVO) and Caesars Digital, a part of Caesars Entertainment (CZR), have signed a strategic agreement to expand their partnership in North America. This includes establishing dedicated studios in multiple U.S. states, notably within Caesars' Tropicana Casino in New Jersey. The partnership aims to enhance live casino offerings across the U.S., leveraging Evolution's expertise in live casino games and Caesars' expansive market presence. This collaboration will also extend to Evolution's studios in Pennsylvania and Michigan, offering top-performing online slots and live casino games to players on various Caesars online platforms.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 2:27 pm

MSFT

OpenAI's ChatGPT recently experienced a glitch, producing nonsensical responses and confusing users. This issue, termed 'unexpected responses' by OpenAI, led to a flurry of social media posts from puzzled users. Microsoft Corp. (NASDAQ:MSFT), a backer of OpenAI, was mentioned in relation to the incident. OpenAI has acknowledged the problem and stated that it has been fixed, but continues to monitor the situation.

Portfolio Pulse from Rounak Jain

February 21, 2024 | 2:23 pm

AAPL

NVDA

TSLA

The article covers a range of topics from cryptocurrency developments, including Bitcoin ETF activity and Ripple's interest in an XRP ETF, to US and world politics, tech updates like Apple's future iPad lineup, and electric vehicle news including Tesla's pricing strategy in Germany. It also touches on financial news such as the Capital One-Discover merger criticism and Nvidia's anticipated earnings report.

Portfolio Pulse from Akanksha Bakshi

February 21, 2024 | 2:15 pm

BABA

PDD

Chinese e-commerce giants Shein and Temu, owned by PDD Holdings Inc (NASDAQ:PDD), are significantly increasing air freight costs due to the volume of packages they send to the U.S. daily. TikTok Shop and Alibaba Group Holding Ltd (NYSE:BABA) also contribute to the air cargo demand. Temu's expansion in Korea and Japan has led to a substantial increase in subscribers, challenging traditional e-commerce platforms and further pressuring air cargo capacity.

Portfolio Pulse from Surbhi Jain

February 21, 2024 | 2:14 pm

AVPT

AvePoint (NASDAQ:AVPT) announced the addition of three new products to its FedRAMP authorization, aiming to support the U.S. public sector's digital transformation. These products are part of the AvePoint Confidence Platform's Modernization Suite, designed to enhance workplace innovation. Additionally, AvePoint achieved HITRUST CSF v11.0.1 compliance for its platform, supporting the global healthcare industry. This compliance, along with existing SOC 2 Type II certifications, underscores AvePoint's commitment to robust security and privacy standards.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 2:13 pm

BYND

Beyond Meat, Inc. (NASDAQ:BYND) announced the launch of Beyond IV, the fourth generation of its Beyond Burger and Beyond Beef products, featuring significant nutritional improvements. These include a 60% reduction in saturated fat, 20% less sodium, and the use of avocado oil for heart-healthy monounsaturated fats. The products, developed in collaboration with health experts, are recognized by leading health organizations and are set to roll out in U.S. retailers this Spring.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 2:11 pm

SEALSQ

SEALSQ has entered into a distribution agreement with Okaya Electronics Corp, although the financial details of the agreement have not been disclosed. This partnership could potentially expand SEALSQ's market reach and distribution capabilities.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 2:11 pm