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U.S. stock futures indicate a weak opening as investors react to Fed Chair Powell's comments on potential policy tightening. Gold prices hit record highs amid geopolitical tensions, while Bitcoin soars past $40,000. Crude oil prices drop due to OPEC+ output cuts and demand concerns. Premarket trading sees SPY and QQQ ETFs down, while individual stocks like COIN, UBER, SPOT, SAIC, and ALK show significant movements. ALK's planned acquisition of HA causes a surge in HA's stock.

Portfolio Pulse from Piero Cingari

December 04, 2023 | 2:14 pm

USIO

Usio, Inc. (NASDAQ:USIO) has entered into a strategic partnership with Genius Avenue, a benefits administration company. The partnership will leverage Usio's technology to power Genius Avenue's new FinTech solution for regulated enterprise businesses in insurance, benefits, and healthcare. The solution includes ACH payment processing, a prepaid card program, commission automation, and integrates with Genius Avenue's platforms to enhance customer experience and financial capabilities.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 2:13 pm

AMD

DELL

HPE

INTC

LNVGF

LNVGY

NVDA

TSM

AMD's EVP and GM, Forrest Norrod, at the UBS Annual Technology Conference, highlighted the potential of the MI300 in positioning AMD as a key player in the AI market. He expects AI revenue to surpass $2 billion in 2024, with the MI300 launch being a significant milestone. AMD's market share in North American hyperscalers is above 50%, and it aims to increase its enterprise sector share. Norrod compared AMD's chiplet technology favorably against NVIDIA and discussed compliance with U.S. export regulations for the Chinese market. Partnerships with companies like HPE, Dell, Lenovo, and Supermicro are key, and AMD's software strategy includes collaborations with hyperscalers and open-source initiatives. AMD maintains a strong foundry partnership with TSMC but is open to working with Intel if they catch up. The company targets a 30% plus operating margin over time, supported by investments in AI and other sectors.

Portfolio Pulse from Surbhi Jain

December 04, 2023 | 2:12 pm

ATHE

Alterity Therapeutics Inc (NASDAQ:ATHE) stock surged over 200% after presenting new data at the Future of Parkinson's Disease Conference 2023. The data showed that its drug ATH434 improved motor performance and general function in a primate model of Parkinson's disease. The treatment was associated with reduced iron levels in pathology and increased levels of synaptophysin, indicating functional neuronal connections. The study highlighted that all ATH434-treated monkeys showed stable or improved symptoms compared to the placebo group.

Portfolio Pulse from Vandana Singh

December 04, 2023 | 2:11 pm

SNES

SenesTech, Inc. (NASDAQ:SNES) has announced that its ContraPest products are now registered for sale and use in Puerto Rico. ContraPest is an EPA-registered rat contraceptive that affects both male and female rats and is designed to fit into integrated pest management programs. The company is finalizing plans with a large agricultural firm in Puerto Rico to be its lead customer. SenesTech offers four fertility control products, including the Ultimate Bait System, Isolate Bait System, Elevate Bait System, and Evolve Soft Bait. The registration in Puerto Rico is expected to help combat the significant rat infestation problem on the island, which impacts the grain industry and poses public health risks.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 2:09 pm

NAOV

NanoVibronix has signed a letter of intent with APOGEPHA Arzneimittel GmbH to explore opportunities for distributing its products in Europe. This strategic move could potentially expand NanoVibronix's market presence and increase its revenue streams if a formal agreement is reached and the distribution is successful.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 2:05 pm

CHKP

Check Point Software Technologies Ltd. (CHKP) has partnered with the Denver Broncos to provide cyber security solutions for Empower Field at Mile High. The Broncos will use Check Point's CloudGuard, Quantum, and Harmony to protect their network, perimeter, and cloud applications, ensuring secure WiFi connectivity and e-commerce experiences for over 75,000 fans. The solutions offer full visibility of connected devices and cloud-based applications, crucial for maintaining privacy and preventing data breaches during high-volume events.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 2:05 pm

EYPT

EyePoint Pharmaceuticals' stock is up following the announcement that its Phase 2 DAVIO 2 trial of EYP-1901 for wet AMD met all primary and secondary endpoints.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 2:05 pm

SCLX

Scilex Holding Company has announced that ZTlido has been added as a preferred agent to the Medicaid Preferred Drug List in the state of Tennessee. This inclusion could potentially increase the accessibility and usage of ZTlido, which may have a positive impact on Scilex's financial performance.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 2:04 pm

RIOT

Riot Platforms, Inc. (RIOT) has executed a purchase option with MicroBT to acquire 66,560 latest generation Bitcoin miners, totaling 18 EH/s, for $290.5 million. This order includes the M66S model and adds to a previous order of 33,280 miners. Deliveries will start in Q1 2024 and continue through H2 2025, with Riot's self-mining hash rate capacity expected to exceed 38 EH/s. Riot also secured options to purchase up to 265,000 additional miners, potentially increasing capacity to over 100 EH/s. The agreement provides a fixed price ceiling, aiding in future capital planning and market price protection.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 2:03 pm