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AMP

CMA

Ameriprise Financial, Inc. (AMP) and Comerica, Inc. (CMA) have completed an arrangement making Ameriprise the new investment program provider for Comerica. The partnership involves around 100 financial advisors and $18 billion in assets, enhancing Comerica's wealth management offerings with Ameriprise's services, technology, and investment solutions. Comerica's wealth management division manages about $195 billion in assets, with $18 billion previously managed by its securities business now supported by Ameriprise.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 4:03 pm

COIN

Kevin O'Leary, Chairman of O'Shares ETFs, emphasized the need for regulatory clarity before getting excited about a Bitcoin ETF. He stated that institutions are ready to buy Bitcoin but are waiting for a compliant exchange, suggesting Coinbase Global Inc (COIN) as a leading candidate. O'Leary believes a spot Bitcoin ETF is over a year away due to SEC Chair Gary Gensler's stance. He also highlighted the challenges of 24/7 trading for institutional rebalancing. Bitcoin's price was down slightly at the time of the article.

Portfolio Pulse from Adam Eckert

November 13, 2023 | 3:54 pm

SPY

Benzinga's Fintech Deal Day event featured a segment titled 'Private Banking Reimagined By M1'. The event was livestreamed and can be accessed through the provided link.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 3:37 pm

IDT

Tori Samples, Senior Product Manager at Stellar Development Foundation, will speak at Benzinga's Future Of Digital Assets conference. She discusses the role of blockchain in providing financial services to displaced and marginalized populations. Samples highlights the success of Boss Money, a digital wallet for refugees and migrants in Africa, which was acquired by IDT Corporation in 2022. She also mentions Stellar Aid Assist, a tool for humanitarian organizations to send funds efficiently using blockchain technology. Samples emphasizes the importance of focusing on user benefits rather than the technology itself for wider adoption.

Portfolio Pulse from Tori Samples

November 13, 2023 | 3:36 pm

ESPR

Esperion (NASDAQ:ESPR) presented results from a CLEAR Outcomes analysis at the American Heart Association Scientific Sessions 2023, showing that higher baseline inflammation is linked to an increased risk of cardiovascular events. The study found that bempedoic acid, found in Esperion's products NEXLETOL and NEXLIZET, reduced the vascular inflammatory marker hsCRP by 21.6% in patients, which may differentiate it from other LDL-lowering therapies. These results were also published in the journal Circulation.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 3:31 pm

ACHR

BA

BLDE

JOBY

Joby Aviation's eVTOL aircraft is expected to fly in New York City, demonstrating the progress of electric-aircraft technology towards commercial application. Archer Aviation (ACHR) also has an eVTOL but won't fly it. Boeing (BA) and Airbus (AIR.France) are involved in eVTOL development, while Blade Air Mobility (BLDE) operates a network of aircraft and is profitable. Joby has delivered an aircraft to the Air Force and is advancing in FAA certification. Archer plans flight testing in mid-2024. Joby and Archer stocks have risen over the past year, while Blade's shares have fallen.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 3:29 pm

NVO

Novo Nordisk A/S (NYSE:NVO) released results from the SELECT phase 3 trial of semaglutide (Wegovy) at the AHA Scientific Sessions, showing a 20% risk reduction in MACE for patients with CVD and obesity without diabetes. The drug also reduced the risk of non-fatal heart attack by 28%, non-fatal stroke by 7%, and progression to diabetes by 73%. However, 17% of participants discontinued due to gastrointestinal issues. NVO shares dropped 2.90% to $98.26.

Portfolio Pulse from Vandana Singh

November 13, 2023 | 3:17 pm

CBOE

Cboe Digital announced it will launch margined Bitcoin and Ether futures on January 11, 2024, becoming the first U.S. regulated crypto native exchange and clearinghouse to offer spot and leveraged derivatives trading on a single platform. Supported by firms from both crypto and traditional finance sectors, the launch aims to provide capital efficiency and operational benefits. Cboe Digital will initially offer financially settled contracts, with plans for physically delivered products pending regulatory approval.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 3:12 pm

IZEA

IZEA Worldwide, Inc. (NASDAQ:IZEA) has reached 1 million registered users on IZEA.com, attributed to the release of FormAI, a suite of AI tools for creators and marketers. The company has also seen over 1 million generative images created through FormAI since its launch in July. This growth signifies IZEA's strong position in the influencer marketing industry, with a history of facilitating over 3.9 million influencer collaborations.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 3:05 pm

DIS

VZ

Verizon has launched 'Wish on a StAR,' a web-based AR experience in collaboration with Toys for Tots, coinciding with the release of Disney's movie 'Wish.' The AR experience allows users to donate to local Toys for Tots chapters by interacting with a virtual night sky. Verizon will also make a monetary donation and has offered tickets to an advanced screening of 'Wish' for certain purchases at its stores. The initiative aims to support underprivileged children during the holiday season.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 3:03 pm