Streetbeat News

Products Services

ESPR

Esperion Therapeutics has announced the pricing of its public offering at $1.50 per share, aiming to raise $85.1 million through the issuance of 56.7 million common shares. The proceeds will be used to fund commercialization of NEXLETOL and NEXLIZET, research and development, working capital, capital expenditures, and other corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 7:16 am

VSH

Vishay Intertechnology has announced upgrades to its TSOP18xx, TSOP58xx, and TSSP5xx series of IR receiver modules, incorporating new in-house ICs to enhance the products.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 6:49 am

MESO

The FDA has granted a Rare Pediatric Disease Designation to Mesoblast's Revascor for treating children with congenital heart disease. This designation could potentially expedite the development and review process for Revascor, which is a significant step for Mesoblast in bringing this treatment to market.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 6:32 am

AAPL

MASI

Masimo Corp. CEO Joe Kiani criticized Apple Inc. for offering a blood oxygen monitoring feature on its Apple Watch Series 9 and Apple Watch Ultra 2, which he deems unreliable due to infrequent readings and lack of FDA approval for medical use. Apple has disabled the feature to avoid an import ban in the U.S., and the watches are back on sale. Masimo seeks $3 per watch sold in a patent dispute, while Apple alleges Masimo's W1 watch violates its design patents.

Portfolio Pulse from Rounak Jain

January 19, 2024 | 6:29 am

BITO

GBTC

Jim Cramer, host of CNBC's 'Mad Money', commented on the recent decline in Bitcoin's value following the launch of several Bitcoin ETFs. He described the situation as a 'nasty beginning to the bitcoin selloff' and expressed skepticism about the market's response to the ETFs, suggesting that the anticipated demand did not materialize. Cramer also referenced trader Larry Williams' view that the crypto market is far from reaching its bottom. Bitcoin's price dropped to around $41,000, which is the lowest since the Bitcoin spot ETFs debuted.

Portfolio Pulse from Mehab Qureshi

January 19, 2024 | 5:23 am

AAPL

AMZN

GOOG

Amazon's premium AI voice assistant project, 'Remarkable Alexa,' faces internal disputes and technical issues, leading to potential delays. Despite testing with 15,000 customers, Alexa's performance is underwhelming, often providing inaccurate or evasive responses. The project's viability is questioned internally, especially regarding the feasibility of a subscription model for Alexa. This comes as Alexa trails behind Google Assistant and Siri in user numbers. Amazon previously faced legal issues with Alexa, including a $30M settlement over privacy concerns and criticism for spreading false election information.

Portfolio Pulse from Ananya Gairola

January 19, 2024 | 5:14 am

AAPL

Apple Inc. is targeting the healthcare, aircraft repair, and education sectors with its upcoming mixed-reality headset, Vision Pro. Executives discussed its potential uses, such as improving surgical outcomes and providing high-quality training. Apple offers a 25% employee discount on Vision Pro and covers prescription lenses. The device has received FCC approval but won't support Wi-Fi 6E. Apple's expansion into various sectors with Vision Pro is part of its strategy to make mixed reality a significant revenue stream.

Portfolio Pulse from Ananya Gairola

January 19, 2024 | 4:55 am

Ford Motor Co (NYSE: F) has announced the 2024 Mustang Mach-E GT with a new Bronze appearance package and an Eruption Green paint option. The package includes 20-inch bronze-painted wheels, a bronze-outlined GT badge, and a bronze front mesh grille. The vehicle can be upgraded for improved performance, promising the fastest 0-60 time for a Mach-E model. Orders for the new model will open later this winter, starting at $60,990. Ford's Mustang Mach-E sales increased by 3.3% in the U.S. last year, but the model no longer qualifies for the federal EV tax credit as of January 1.

Portfolio Pulse from Anan Ashraf

January 19, 2024 | 4:47 am

ADAUSD

BTCUSD

DOGEUSD

ETHUSD

SHIBUSD

XRPUSD

Cryptocurrency analyst Michael Van de Poppe discussed the current state of meme coins, highlighting Solana's BONK, Floki, and TokenFi. BONK saw a 9900% increase in 2023, benefiting from strong community support and Solana's resurgence. Van de Poppe believes meme coins will continue to be driven by community strength and hype rather than utility. Floki's developers launched TokenFi, a tokenization platform for real-world assets, aiming to transition from a meme coin to a serious DeFi project. This aligns with industry trends towards tokenization, as noted by BlackRock's Larry Fink.

Portfolio Pulse from Mehab Qureshi

January 19, 2024 | 4:23 am

GOOG

GOOGL

MrBeast's video on Elon Musk's X platform, '$1 Car vs $100,000,000 Car', has garnered over 100 million views in less than a week. Skepticism arises due to X's view count policy, which counts multiple non-unique views. MrBeast's decision to post on X versus YouTube, owned by Alphabet Inc. (GOOG, GOOGL), is highlighted by his statement that even a billion views on X wouldn't fund his video production costs. The impact of X's Creator Ads Revenue Sharing initiative on MrBeast's earnings is yet to be determined.

Portfolio Pulse from Ananya Gairola

January 19, 2024 | 3:47 am