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Austin Federa, Head of Strategy at Solana Foundation, believes that crypto payments are reshaping financial transactions worldwide. He highlighted the efficiency and cost-effectiveness of blockchain technology, particularly for smaller transactions. Major financial players like Visa are integrating crypto payments into their systems, with Visa using the Solana blockchain for 24/7 transaction settlement. Federa also expressed concerns about U.S. regulation pushing crypto innovation offshore. He emphasized the importance of a regulatory environment that fosters innovation while protecting investors.

Portfolio Pulse from Murtuza Merchant

November 06, 2023 | 5:00 pm

IMMX

Immix Biopharma announced additional NXC-201 data to be presented at the ASH meeting from December 9-12, which led to a rise in the company's share prices.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 4:57 pm

DELL

Analyst Ming-Chi Kuo predicts that Dell's total server shipments will see significant growth of about 15% YoY in 2024, driven by strong AI server demand. This is well above the industry average of 3–5% YoY. Dell is planning a production expansion of about 200% for AI server bottleneck components to meet future enterprise customer needs. Dell's collaboration with Meta and the launch of PowerEdge servers with Nvidia AI chips ahead of competitors are contributing to the expected growth.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 4:42 pm

SPOT

Spotify Technology SA (NYSE:SPOT) plans to introduce a new minimum annual threshold of 1,000 streams before any track will generate royalties on the platform in Q1 2024. The change aims to address the issue of low-earning tracks and is expected to redirect tens of millions of dollars annually from the 0.5% of tracks that fall into this low-earning category to the other 99.5% of tracks that perform better.

Portfolio Pulse from Franca Quarneti

November 06, 2023 | 4:28 pm

INDP

Indaptus Therapeutics announced interim data from the first cohort of four patients in the Phase 1 INDP-D101 trial of its lead compound, Decoy20, causing its shares to trade higher.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 4:02 pm

AAPL

AMD

NVDA

QCOM

SSNLF

Advanced Micro Devices (AMD) and Qualcomm (QCOM) are reportedly developing FidelityFX Super Resolution (FSR) technology jointly for Nvidia (NVDA) and Samsung (SSNLF). The technology, which improves frame rates and uses AI to upscale resolution, is expected to be featured in Samsung's next-generation flagship smartphone, the Galaxy S24. The news has led to a slight increase in AMD's stock price.

Portfolio Pulse from Anusuya Lahiri

November 06, 2023 | 3:44 pm

MLTX

MoonLake Immunotherapeutics (NASDAQ:MLTX) released topline results from its global Phase 2 ARGO trial of Nanobody sonelokimab in patients with active psoriatic arthritis. The trial met its primary endpoint with a statistically significant greater proportion of patients treated with sonelokimab achieving an American College of Rheumatology (ACR) 50 response compared to those on placebo at week 12. However, MLTX shares are down 21.30% at $40.37 on the last check Monday.

Portfolio Pulse from Vandana Singh

November 06, 2023 | 3:39 pm

AMC

AMC Entertainment Holdings Inc's shares are trading higher ahead of its Q3 earnings report due this week. The company has beaten earnings estimates for four consecutive quarters. Investors are also keen on updates about the 'Taylor Swift: The Eras Tour' concert film, which has seen unprecedented demand and has become the highest grossing concert film in history. The stock has risen about 13% over the last month, largely due to optimism surrounding the Swift concert film.

Portfolio Pulse from Adam Eckert

November 06, 2023 | 3:39 pm

AMST

Amesite Inc. (NASDAQ:AMST) has expanded its partnership with Benedict College for a 5-year term through the NAFEO-Amesite Alliance. The partnership aims to expand the capability of NAFEO's associated member colleges and universities to deliver professional learning and drive impact and revenue. This follows Amesite's recent risk-free offering for higher education, which includes benefits such as ease of adoption, revenue generation, and brand leverage.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 3:37 pm

KOS

Kosmos Energy Ltd (KOS) reported Q3 2023 revenue of $526.5 million, beating the consensus of $457.4 million. Net production was around 68,200 barrels of oil equivalent per day (boepd), with sales of about 73,100 boepd. The company also announced the Tiberius oil discovery in the U.S. Gulf of Mexico and the assumption of operatorship of the Yakaar-Teranga gas fields offshore Senegal. KOS expects Q4 production of 66,000 - 69,000 boe per day and capital expenditure of $225 million - $250 million. For FY23, the company now expects capital expenditure of ~$800 million and production of ~63,000 boe per day.

Portfolio Pulse from Lekha Gupta

November 06, 2023 | 3:35 pm