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ETHUSD

On Tuesday, 7,771.17 Ether (ETH) valued at approximately $15.65 million was burned, permanently removing it from circulation. This is a result of the EIP-1159 upgrade implemented on August 5th, 2021, which introduced a variable base fee for transactions that is burned. The current issuance rate of new Ether is 4% annually, expected to drop to 0.5-1% with the Ethereum 2.0 upgrade, potentially making ETH a deflationary currency. The net annualized issuance rate for Ether was -8.86% yesterday, according to Glassnode.

Portfolio Pulse from Benzinga Insights

November 15, 2023 | 6:00 pm

MSFT

At the Ignite Event, Microsoft unveiled Copilot Studio, a new tool designed to enhance productivity and creativity for developers and creators. This announcement is expected to bolster Microsoft's suite of productivity tools and may have a positive impact on the company's stock as it showcases innovation and commitment to improving user experience.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 5:57 pm

TSCO

Petsense, a subsidiary of Tractor Supply Co (NASDAQ:TSCO), has expanded its premium pet food offerings by adding NutriSource pet food brands to its product lineup. These brands, which are typically exclusive to independent pet stores, will now be available at Petsense by Tractor Supply stores nationwide and on Petsense.com. The addition includes a variety of NutriSource products, and Petsense will also offer Finley's pet treats. TSCO shares saw a slight increase of 0.85% to $208.50.

Portfolio Pulse from Shivani Kumaresan

November 15, 2023 | 5:51 pm

MSFT

Microsoft has announced the general availability of Microsoft Fabric, a new service or product designed to enhance its offerings. The announcement could indicate an expansion of Microsoft's services and potential growth in its user base or capabilities.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 5:45 pm

GOOG

GOOGL

Google announced that starting in November 2023, its Google Ads Gambling and Games policy will be updated to allow ads for sports betting from licensed entities in Florida. This policy change will enable licensed sports betting companies to advertise through Google Ads in the Florida market.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 5:35 pm

UAL

United Airlines and the Houston Airport System (HAS) are investing over $2 billion in the Terminal B Transformation Program at George Bush Intercontinental Airport (IAH). The project includes 40 new gates, expanded amenities, and a focus on sustainability with the goal of LEED Silver certification. The expansion aims to accommodate an estimated 36 million passengers and will bring nearly 3,000 new jobs to Houston. United Airlines is investing $1.9 billion, while the City of Houston will fund $624 million in enabling projects. The project is expected to enhance the passenger experience and support Houston's economy.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 5:33 pm

MRK

FDA staff have raised questions about the clinical meaningfulness of the efficacy data for Merck's drug Gefapixant, noting only a small reduction in cough frequency according to Reuters citing briefing documents.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 5:25 pm

CHPT

ChargePoint has launched the Power Link system, capable of up to 500kW charging speeds, which is now powering the Mercedes-Benz HPC NA, the fastest public charging network in North America.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 5:18 pm

CVLT

MSFT

Commvault has joined the Microsoft Security Copilot Partner Private Preview, indicating a collaboration between Commvault and Microsoft in enhancing security solutions.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 5:06 pm

INFA

MSFT

Informatica has announced the launch of new unified cloud analytics experiences that integrate with Microsoft Fabric and Microsoft Azure OpenAI Service. This collaboration aims to enhance data management and analytics capabilities for customers.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 5:05 pm