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SpaceX, led by Elon Musk, has launched its first set of direct-to-cell Starlink satellites, partnering with T-Mobile US to potentially enter the telecommunications market. The technology aims to provide mobile phone connectivity anywhere on Earth, especially in areas with limited connectivity. SpaceX plans to offer text messaging this year and voice and data services by 2025, pending further FCC approvals. The move could increase SpaceX's customer base and compete with similar initiatives by Apple, Amazon's Project Kuiper, and AST SpaceMobile.

Portfolio Pulse from Chris Katje

January 05, 2024 | 10:01 pm

ANTO.L

EDV.L

GOLD

Barrick Gold Corp and Antofagasta plc have formed a $95 million partnership for copper exploration in Chile. Endeavour Mining Plc fired its CEO for misconduct involving a $5.9 million payment and personal conduct issues. The battery industry needs to invest $514 billion by 2030 to meet demand for lithium-ion batteries.

Portfolio Pulse from Austin DeNoce

January 05, 2024 | 9:40 pm

LGND

Ligand Pharmaceuticals Incorporated (NASDAQ:LGND) announced FDA approval for ZELSUVMI, a topical gel for treating molluscum contagiosum in adults and children over one year old. ZELSUVMI is the first novel drug approved for molluscum infections.

Portfolio Pulse from Charles Gross

January 05, 2024 | 9:32 pm

TCNNF

Florida State Rep. Ralph Massullo proposed a bill to cap THC levels in cannabis products, potentially affecting the cannabis legalization initiative funded by Trulieve Cannabis Corp. (TCNNF). The bill limits THC to 10% in smokable products and 60% in other forms, except edibles, which would have a 200mg cap per product and 10mg per serving. The legalization amendment, supported by Smart & Safe Florida and funded by Trulieve, aims to allow non-medical use of marijuana for adults over 21. Attorney General Ashley Moody opposes the initiative, citing its failure to acknowledge federal illegality. The state's highest court will decide by April 1 if the amendment can be voted on, requiring a 60% majority to pass. Over one million Florida voters have signed petitions supporting the amendment.

Portfolio Pulse from Maureen Meehan

January 05, 2024 | 9:30 pm

HLTH

Cue Health announced that the FDA has decided not to prioritize the review of the company's Emergency Use Authorization (EUA) request for its product. As a result, the FDA has declined to issue an EUA at this time. Cue Health expects that payments related to the CRP will be finalized by the end of Q3 2024, according to a recent SEC filing.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 9:19 pm

HLTH

Cue Health received a response letter from the FDA on December 28 regarding their Emergency Use Authorization (EUA) submission for a combined Flu A/B and COVID-19 molecular test, intended for over-the-counter and point-of-care use, as disclosed in an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 9:18 pm

TLLTF

VRNOF

A study in the Journal of Cancer Survivorship found that 17.4% of cancer survivors use cannabis, with many reporting symptom improvement. However, awareness of potential risks is low. The study calls for more research and education on cannabis use in cancer management. Industry players like Verano Holdings Corp. (VRNOF) and TILT Holdings Inc. (TLLTF) support breast cancer awareness initiatives.

Portfolio Pulse from Joana Scopel

January 05, 2024 | 9:15 pm

COIN

Coinbase is reportedly planning an acquisition that will enable it to offer crypto derivatives in the European Union, according to CNBC. This strategic move could potentially expand Coinbase's product offerings and market reach within the EU.

Portfolio Pulse from Charles Gross

January 05, 2024 | 9:14 pm

AAPL

NFLX

TSLA

U.S. stocks had a shaky start to 2024 after a strong finish in 2023. Apple Inc. faced a sell-off due to a downgrade by Barclays, raising concerns about its future market performance. Netflix Inc. is exploring revenue generation from its gaming business. Oil prices surged due to tensions in the Red Sea region. BYD Co. Ltd. surpassed Tesla Inc. in EV sales last quarter. The U.S. labor market remained strong with a better-than-expected December jobs report. Online holiday spending hit record levels, and Pharrell Williams was seen driving a Tesla Cybertruck.

Portfolio Pulse from Piero Cingari

January 05, 2024 | 9:03 pm

BTCUSD

ETHUSD

A Bitwise and VettaFi survey reveals 88% of financial advisors are waiting for a spot Bitcoin ETF approval to buy BTC, with only 39% expecting approval in 2024. Interest in Bitcoin among advisors dropped to 37% in 2023, while Ethereum interest increased to 25%. The report suggests crypto will become a normalized allocation, with 47% of advisors allocating more than 3% to crypto in 2023, up from 22% in 2022. Advisors also noted that clients are investing in crypto independently.

Portfolio Pulse from Khyathi Dalal

January 05, 2024 | 9:01 pm