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PARA

Paramount Global announces leadership changes with Bob Bakish stepping down. George Cheeks, Chris McCarthy, and Brian Robbins appointed to lead as Office of the CEO. The new leadership aims to accelerate growth, streamline operations, and optimize streaming strategy. Paramount Global's Board expresses confidence in the new leaders' ability to enhance company performance and value creation.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 8:01 pm

POET

POET Technologies Inc. announces an additional CAD$10 million private placement financing at CAD$2.90 per unit, involving 3,448,275 units to support its growth phase. The financing includes common shares and warrants, targeting Canadian-based institutional investors without broker fees. This move aims to bolster working capital for the company's optical engine technology demand in AI and high-speed computing markets.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 7:58 pm

PFE

SGEN

The FDA has approved Seagen's Tivdak (tisotumab vedotin-tftv) for the treatment of cervical cancer, according to Bloomberg. This approval marks a significant milestone for Seagen in expanding its portfolio in cancer treatments. Pfizer (PFE), which may have been mentioned in the article, could be involved in this context due to partnerships or collaborations in the development or distribution of Tivdak.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 7:53 pm

SHIBUSD

Shiba Inu (CRYPTO: SHIB) is down 5.3% despite a 144% increase in active accounts and a 73.4% rise in trading volume, indicating growing investor optimism. ShibaSwap's expansion to operate on Shibarium and Ethereum networks, with Bone as the gas fee token, aims to enhance SHIB's utility. The increase in transactions and active accounts, along with a significant portion of SHIB holders in profit, suggests a positive outlook for SHIB despite the current price drop.

Portfolio Pulse from Khyathi Dalal

April 29, 2024 | 7:46 pm

ZS

Investors have shown a bearish stance on Zscaler (NASDAQ:ZS), with options trading revealing 81% bearish sentiment. Benzinga's options scanner identified 11 unusual trades, indicating a price target range of $180 to $250 for ZS. The largest trades include both bearish and bullish positions, with a notable volume and open interest in options within the $180 to $250 strike price range. Zscaler, a cloud-native cybersecurity SaaS firm, has seen its stock price increase by 0.73% to $178.34, with a neutral RSI. Analysts have issued mixed ratings, with a consensus target price of $236.67.

Portfolio Pulse from Benzinga Insights

April 29, 2024 | 7:46 pm

LOT

PSNY

RIVN

TSLA

Shares of electric vehicle (EV) stocks are experiencing an uptick in trading, likely influenced by Tesla's progress with its Full Self-Driving (FSD) technology in China. This development has contributed to a positive sentiment across the EV sector.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 7:42 pm

DKNG

The 2024 NFL Draft set records with a focus on offensive players, especially quarterbacks and wide receivers. Detroit hosted the event for the first time, breaking attendance records. DraftKings Inc (NASDAQ:DKNG) released betting odds for the 2024 NFL Rookie of the Year, highlighting favorites among newly drafted players.

Portfolio Pulse from Chris Katje

April 29, 2024 | 7:20 pm

TENX

Tenax Therapeutics is set to be issued a U.S. patent for 'LEVOSIMENDAN FOR TREATING PULMONARY HYPERTENSION WITH HEART FAILURE WITH PRESERVED EJECTION FRACTION', marking a significant milestone in its efforts to address this medical condition.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 7:15 pm

BTCUSD

Raoul Pal, a former Goldman Sachs executive, predicts the crypto market will grow from its current $2.7 trillion to $12 trillion by the end of this cycle and reach a $100 trillion market cap within 10 years. He highlights the debasement of currencies and rapid adoption of crypto technology as key drivers. Pal advises investors to maintain discipline, avoid leverage, and focus on top market cap tokens, cautioning against FOMO into high-risk altcoins.

Portfolio Pulse from Khyathi Dalal

April 29, 2024 | 7:05 pm

BTI

PM

Philip Morris International Inc. (NYSE:PM) is gaining attention for its ambitious plans to introduce its heated tobacco device, IQOS, in the U.S. market in Q2, aiming for a 10% market share within five years of its latest device iteration's launch, expected no earlier than 2025. Despite skepticism from rivals like British American Tobacco Industries Plc (NYSE:BTI), analysts and investors are cautiously optimistic about PM's potential to convert 2.8 million U.S. smokers to IQOS. PM shares are up 0.33% at $95.33.

Portfolio Pulse from Vandana Singh

April 29, 2024 | 6:55 pm