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SAFRY

Safran (OTC:SAFRY) has secured contracts worth over $1.2 billion from Emirates, including a $1 billion deal for Safran Seats for Emirates' new A350, 777X-9, and existing 777-300 aircraft. The contracts also involve Safran Cabin providing Galley shipsets and Safran Landing Systems supplying wheels and carbon brakes for the A350 fleet. Additionally, a 10-year service agreement with Safran Aerosystems for 777 safety and cabin systems components repair and maintenance is included. Safran's stock price increased by 2.77% to $42.63.

Portfolio Pulse from Shivani Kumaresan

November 14, 2023 | 6:38 pm

BCDA

BioCardia's stock is up following FDA approval for Phase 3 clinical trials of CardiAMP, a cell therapy for ischemic heart failure.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 6:36 pm

MCO

NTRS

At the Benzinga Future of Digital Assets conference, experts including Rajeev Bamra from Moody's Corp. (MCO) and Patrick Martinez from Northern Trust Corp. (NTRS) discussed the potential of blockchain to coexist with traditional assets and enhance transaction security and efficiency. They highlighted the growth in digital bond issuances and the evolving role of traditional financial institutions in the digital asset space. Martinez mentioned Northern Trust's partnership with Standard Chartered to establish Zodia, a cryptocurrency custodian. The panelists believe blockchain integration with the entire finance value chain is key to future growth, with predictions of trillions in growth by 2030.

Portfolio Pulse from Piero Cingari

November 14, 2023 | 6:33 pm

DIS

M

Macy's Inc (NYSE:M) is experiencing a rise in its share price following the expansion of Disney products from the Walt Disney Company (NYSE:DIS) for the Holiday season. The expansion includes a wide range of Disney-themed products across various categories to celebrate Disney's 100th anniversary. Macy's has also launched a Disney Princess collection with various items. The company is set to report its Q3 2023 sales and earnings on November 16, 2023. Macy's shares have seen an 8.38% increase to $11.64.

Portfolio Pulse from Nabaparna Bhattacharya

November 14, 2023 | 6:28 pm

NVDA

Nvidia Corporation (NASDAQ:NVDA) stock is trading higher, coinciding with a Nasdaq rally following the release of cooling inflation data. Nvidia has seen its stock close in the green since Nov. 1, potentially marking its longest winning streak since 2016. The company recently announced the NVIDIA HGX H200, an upgrade to its H100 chip, boasting significant improvements in memory and bandwidth. NVDA shares are currently trading above the 50-day moving average and near the 52-week high.

Portfolio Pulse from Erica Kollmann

November 14, 2023 | 6:20 pm

VKTX

Viking Therapeutics' stock is trading higher following the presentation of positive Phase 2b study data for its drug VK2809.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 6:16 pm

AMZN

PYPL

John Liu, Head of Product Web3/Blockchain at Amazon.com Inc, discussed the potential impact of a Bitcoin ETF, stablecoins, and tokenization on institutional adoption of crypto at Benzinga's Future of Digital Assets Conference. He highlighted the ease a Bitcoin ETF would provide for companies seeking crypto exposure, the efficiency of stablecoins in payments, and the benefits of tokenizing assets for transparency and efficiency. Liu also noted the challenges in scaling blockchain technology and the importance of balancing institutional needs with innovation.

Portfolio Pulse from Adam Eckert

November 14, 2023 | 6:10 pm

ETHUSD

On Monday, 9,915.61 Ether (ETH) valued at $20,130,574 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. Ethereum's current issuance rate is 4% per year, expected to drop to 0.5-1% with Ethereum 2.0, potentially making ETH deflationary. The net annualized issuance rate for Ether was -12.40% yesterday, according to Glassnode.

Portfolio Pulse from Benzinga Insights

November 14, 2023 | 6:00 pm

NVDA

Goldman Sachs analyst Toshiya Hari maintains a Buy rating on Nvidia Corp (NVDA) with a price target of $605, anticipating strong performance in the Data Center and Gaming segments. Hari expects Nvidia to outperform in Q3 and Q4 due to a shift towards GPU computing, innovation, and improved supply. He projects Nvidia's Q3 revenue and EPS to be $16.08 billion and $3.45, and Q4 revenue and EPS to be $17.46 billion and $3.81, respectively. NVDA shares were up by 1.95% at $495.84.

Portfolio Pulse from Anusuya Lahiri

November 14, 2023 | 5:55 pm