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ONON

On Holding AG (NYSE:ONON) is set to open its first store in Hong Kong at H Queen's in Central District, amidst declining sales in China. The move is part of the company's strategy to expand and manage economic uncertainties, with Hong Kong's lower rents attracting luxury brands. Despite a 21.9% year-on-year sales growth in Q4 FY23 to CHF 447.1 million, On Holding missed analyst expectations. Shares of ONON saw a slight increase of 0.17% in premarket trading.

Portfolio Pulse from Shivani Kumaresan

March 20, 2024 | 12:24 pm

BCAN

ETAO

OBLG

OTRK

TSHA

Taysha Gene Therapies, Inc. (NASDAQ:TSHA) shares surged 27.1% in pre-market trading after reporting a significant year-over-year decrease in FY23 losses and providing positive clinical updates. Other stocks also showed notable pre-market movements, with several companies experiencing significant gains or losses due to various factors such as financial results, business updates, and public offerings.

Portfolio Pulse from Avi Kapoor

March 20, 2024 | 12:20 pm

ALK

Alaska Airlines has introduced Alaska Access, a new subscription service offering exclusive deals including discounted Wi-Fi and other cost-saving benefits.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 12:20 pm

BTCUSD

CMG

ETHUSD

NVDA

TSLA

Cryptocurrencies Bitcoin, Ethereum, and Dogecoin experienced significant losses with $650M liquidated in a day, while a rally is predicted due to FOMO. US stocks face risks from de-dollarization, with Morgan Stanley expressing concern. Political developments include Trump vs. Biden dynamics heating up for 2024, with both securing key primary wins. In tech, Nvidia and Synopsys highlight their partnership's importance in chip design, and Tesla faces trade secret theft allegations. Consumer news includes Chipotle's stock split and Samsung's surge due to Nvidia's interest. Financially, BlackRock files for a tokenized asset fund, and Borse Dubai plans to sell its Nasdaq stake.

Portfolio Pulse from Akanksha Bakshi

March 20, 2024 | 12:18 pm

FEMY

Femasys announced positive topline data from its pivotal trial for FemaSeed, a treatment for infertility. In the severe male factor cohort, 24% of women achieved pregnancy with FemaSeed, which is more than double the historic rate for intrauterine insemination.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 12:18 pm

FOUR

The Los Angeles Rams have chosen Shift4's end-to-end payment solution to handle their ticketing transactions, aiming for a seamless fan experience.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 12:14 pm

AIQ

BABA

FEEM

PDD

Alibaba Group Holding Ltd (NYSE:BABA) has expanded its 'five-day delivery' service to the U.S., aiming to compete more effectively with rivals like Temu and Shein. This service, offered through AliExpress and supported by Cainiao, Alibaba's logistics arm, promises U.S. customers delivery within five days. The initiative, which began in 2023, has also been extended to other regions, including Germany and France. AliExpress reported a 60% year-on-year order increase in the December quarter, while Cainiao's revenue grew by 24%. Alibaba plans to invest $1.1 billion in South Korea for a logistics center, as AliExpress's monthly active users there have doubled since 2018. Despite a 9.4% stock loss last year, Alibaba continues to focus on geographical expansion and artificial intelligence. Investors can also gain exposure to Alibaba through ETFs like FEEM and AIQ.

Portfolio Pulse from Anusuya Lahiri

March 20, 2024 | 12:13 pm

BFLY

Butterfly Network has successfully obtained EU MDR certification for its Butterfly iQ+ devices, marking a significant regulatory milestone that allows the company to market and sell these devices within the European Union. This certification is crucial for medical device companies seeking to operate in the EU market, as it ensures compliance with the EU's stringent medical device regulations.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 12:09 pm

NUE

Nucor has entered into an agreement with Mercedes-Benz to supply Econiq-RE, a sustainable steel product. The financial terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 12:08 pm

VRME

VerifyMe, Inc. has announced that Manuka Health is now using VerifyMe's QR codes on their products. This collaboration aims to enhance product authentication and consumer engagement by leveraging VerifyMe's technology.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 12:07 pm