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ATHE

Alterity Therapeutics' stock price has increased following the announcement of positive efficacy data for its drug ATH434 in a primate model of Parkinson's disease.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 4:17 pm

TWLO

Twilio Inc (NYSE:TWLO) announced a workforce reduction of 5%, expecting to incur $25 million - $35 million in charges, mainly in Q4 2023. The company reaffirmed its Q4 revenue forecast of $1.03 billion - $1.04 billion and adjusted EPS of 53 - 57 cents. Twilio is streamlining its Communications business and revising its approach for Flex and Segment due to below-expectation growth in TD&A. Twilio Flex will now be reported under the Twilio Communications segment. The company is discontinuing Twilio Programmable Video as a standalone product to focus on core offerings like Messaging, Voice, and Email. CEO Jeff Lawson is optimistic about the company's direction, emphasizing opportunities in CustomerAI. Anson Funds recently acquired a stake in Twilio and is pushing for its sale. TWLO shares dropped by 0.85% to $66.19.

Portfolio Pulse from Anusuya Lahiri

December 04, 2023 | 4:11 pm

PFE

Health Canada has approved Pfizer Canada's LITFULO (ritlecitinib) for the treatment of severe alopecia areata in adults and adolescents over 12 years of age. This marks the first approved treatment for this autoimmune disease in Canada, which affects approximately 2% of the global population and can lead to significant hair loss. Pfizer Canada is working on making LITFULO available in Canada as soon as possible.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 4:05 pm

AAPL

GOOGL

META

MSFT

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo provides daily trading strategies for SPY, QQQ, AAPL, MSFT, TSLA, META, GOOGL, and NVDA, based on a proprietary formula considering price, volume, and options flow. The memo outlines potential support and resistance levels for each asset, suggesting possible targets for bullish and bearish scenarios. The session is expected to have lower volume due to a lack of inflation data and Fedspeak, making trading more challenging. The memo is part of the Market Clubhouse membership, which offers daily market analysis and live trading streams.

Portfolio Pulse from RIPS

December 04, 2023 | 3:18 pm

HAS

Starbreeze Entertainment has obtained a license from Wizards of the Coast, a division of Hasbro, Inc., to develop and publish a game based on the Dungeons & Dragons IP. The game, codenamed Project Baxter, is set for release in 2026 and will feature co-operative multiplayer, a Games as a Service model, community engagement, and cross-play on all major platforms. It will be produced using Unreal Engine 5. The partnership aligns with both companies' focus on cooperative and community-driven experiences.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 3:13 pm

RIVN

SIRI

SiriusXM announced a partnership with electric vehicle manufacturer Rivian to integrate SiriusXM's audio entertainment into Rivian's R1T and R1S models in the U.S. starting in 2024. Rivian owners will receive a three-month trial subscription to SiriusXM's service, which will be available through an over-the-air update. The service includes live channels, on-demand content, and personalized recommendations, covering a wide range of music genres, sports, news, entertainment, and comedy.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 3:12 pm

VRNOF

Alabama's Medical Cannabis Commission granted 20 licenses for medical marijuana production and distribution, marking the third attempt to establish the industry after legal challenges. The November settlement resolved issues from previous attempts, leading to a new licensing process. Verano Holdings Corp. (OTCQX:VRNOF) was involved in the legal actions against the AMCC. Licenses were awarded for cultivators, processors, dispensaries, secure transporters, and testing labs. Integrated facility license applications are due this week, with awards expected on December 12.

Portfolio Pulse from Jelena Martinovic

December 04, 2023 | 3:11 pm

SGD

Safe and Green Development Corporation (NASDAQ:SGD), also known as SG Devco, has entered into a contribution agreement with MNO Partners to form a joint venture for developing the Lago Vista property. The project, estimated to cost around $80 million, will include luxury condos and a marina. SG Devco's subsidiary originally bought the property for $3.5 million and will now contribute it to the JV, receiving a membership interest valued at $11.5 million. MNO Partners will lead the development and secure construction financing as a condition for closing the JV.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 3:02 pm

AAPL

AMZN

BTCUSD

GOOG

INDA

META

MSFT

NVDA

QQQ

SPOT

SPY

TSLA

Bitcoin (BTC) surpassed $40,000 over the weekend due to whale activity and subsequent retail investor buying, potentially moving towards the first resistance zone. The Arora Report suggests understanding whale behavior, the lack of large-scale benefits of Bitcoin, and the impact of a potential spot Bitcoin ETF on liquidity to make money in Bitcoin. In India, the BJP's recent election victories are expected to attract foreign investment, presenting opportunities better than the iShares MSCI India ETF (INDA). Spotify (SPOT) announced a 17% workforce reduction, its third round of layoffs. Early trades show negative money flows in major tech stocks (AAPL, AMZN, GOOG, META, MSFT, NVDA, TSLA) and ETFs (SPY, QQQ), with the momo crowd buying and smart money locking in stocks and gold.

Portfolio Pulse from The Arora Report

December 04, 2023 | 2:59 pm

EPSN

Epsilon Energy Ltd. (NASDAQ:EPSN) declared a quarterly dividend of $0.0625 per share, payable on December 29, 2023, to shareholders of record as of December 15, 2023. The company also provided an operational update, reporting that two recently completed wells in Ector County, Texas, have produced approximately 71,000 BOE, with current output over 2,500 BOEPD. Epsilon holds a 25% working interest and 18.75% net revenue interest in these wells. Additionally, in Pennsylvania, three of seven proposed wells are drilled, with the rest expected to be completed in the first half of 2024, which is anticipated to significantly increase NRI production from the Auburn area.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 2:54 pm