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TPIC

Benzinga's Stock Whisper Index highlights five stocks: TPI Composites, C4 Therapeutics, Shattuck Labs, Inno Holdings, and Freight Technologies. TPI Composites' stock rose after a refinancing deal with Oaktree, improving liquidity and reducing obligations. C4 Therapeutics' shares surged following positive Phase 1 trial data for multiple myeloma treatment. Shattuck Labs also experienced a stock increase after reporting Phase 1A/B trial data for myelodysplastic syndromes and acute myeloid leukemia treatments. Inno Holdings completed an IPO with shares priced at $4, and the stock was volatile in its first week. Freight Technologies' stock jumped 100% after announcing the renewal of its Fr8App platform's use by Amazon Mexico.

Portfolio Pulse from Chris Katje

December 15, 2023 | 4:44 pm

VRCA

Verrica Pharmaceuticals Inc's partner, Torii Pharmaceutical Co Ltd, reported positive Phase 3 trial results for TO-208 (VP-102/Ycanth) for Molluscum Contagiosum in Japan. The results showed statistically significant efficacy versus placebo and good tolerance. Verrica's stock (NASDAQ:VRCA) surged 72.47% to $6.49 following the news.

Portfolio Pulse from Vandana Singh

December 15, 2023 | 4:36 pm

BRSH

Bruush Oral Care, Inc. (NASDAQ:BRSH) shares surged after announcing a merger with Arrive Technology. The all-stock reverse triangular merger will transform Bruush into a technology company focusing on a Mailbox-as-a-Service platform for automated last-mile delivery. The combined entity will be named Arrive Technology Inc. and trade under the ticker 'ARRV' on the Nasdaq. BRSH shares soared by 34.9% to 23 cents with trading volume significantly exceeding the 100-day average.

Portfolio Pulse from Erica Kollmann

December 15, 2023 | 4:31 pm

BRSH

Bruush Oral Care Inc. (NASDAQ: BRSH) and Arrive Technology are merging to form Arrive Technology Inc., focusing on AI-driven last-mile delivery solutions. The new entity will list on Nasdaq under 'ARRV' after a reverse triangular all-stock merger. Prior to the merger, BRSH will conduct a reverse stock split and ensure a $10 million net cash reserve. BRSH shares surged 36.06% to $0.2313 following the announcement.

Portfolio Pulse from Akanksha Bakshi

December 15, 2023 | 4:26 pm

GOOG

MSFT

OpenAI's Superalignment team, led by Microsoft's Ilya Sutskever, is focused on developing methods to control superintelligent AI systems. Amidst leadership changes with Sam Altman, the team presented their research at a conference and announced a $10 million grant program to advance their work. The program has attracted support from industry figures like former Google CEO Eric Schmidt. Microsoft shares saw a 1.22% increase to $370.45 recently.

Portfolio Pulse from Anusuya Lahiri

December 15, 2023 | 4:09 pm

E

Eni is in talks to sell a minority stake in its Novamont unit, a bioplastic maker, which could be valued at around 1 billion euros. Eni, which owns Novamont through Versalis, acquired the remaining 64% of Novamont last October. Potential investors include HitecVision and Blackstone. The sale would enhance Eni's sustainability profile in the chemical sector by growing Novamont, a leader in bioplastics production. Discussions are preliminary, and no final decision has been made on the stake size to be sold.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 3:54 pm

VRCA

Verrica Pharmaceuticals' stock is up following positive top-line results from a Phase 3 trial of TO-208 by its partner Torii Pharmaceutical Co. The trial's success suggests potential for commercialization and revenue growth for Verrica.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 3:50 pm

FSR

Fisker Inc. has begun rolling out the final over-the-air software update of 2023 for its Fisker Ocean all-electric SUV, leading to an increase in the company's stock price.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 3:43 pm

MGRX

Mangoceuticals, Inc. (NASDAQ:MGRX), a men's health and wellness product company, has announced the pricing of its public offering at $0.30 per share, aiming to raise $1.2 million through the sale of 4 million shares. The company also granted underwriters an option to purchase up to an additional 600,000 shares to cover over-allotments. The proceeds will be used for marketing, hiring, software development, working capital, and other corporate purposes. The offering is expected to close on December 19, 2023.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 3:40 pm

BTCUSD

ORDI

The Bitget's 2024 Bitcoin Report forecasts significant growth in the Bitcoin ecosystem, predicting a potential surge in Bitcoin (BTC) and ORDI (ORDI) values. The report anticipates a 1,200% increase in ORDI's market cap and Bitcoin's price potentially reaching $100,000. It highlights the Lightning Network's role in payment adoption and increased earnings for Bitcoin miners due to the Ordinals protocol. However, it also notes challenges such as Bitcoin's scalability and complexities in channel management. Bitget's Managing Director Gracy Chen expects spot Bitcoin ETFs to be approved by the SEC, potentially by January next year, and predicts Bitcoin could reach $150,000 in the next bull market.

Portfolio Pulse from Murtuza Merchant

December 15, 2023 | 3:32 pm