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GBTC

Grayscale announces the launch of a new Bitcoin ETF, the Grayscale Bitcoin Mini Trust (ticker: BTC), as a strategic spin-off from its Grayscale Bitcoin Trust (OTC:GBTC). This move aims to offer a more cost-effective product and revitalize GBTC amid financial challenges and significant outflows since its conversion to a spot Bitcoin ETF. The spin-off will transfer a portion of GBTC's Bitcoin holdings to the new Mini Trust, with GBTC shareholders receiving equivalent BTC shares, ensuring no tax liabilities. The exact details of the Bitcoin reallocation and management fees are yet undisclosed.

Portfolio Pulse from Murtuza Merchant

March 12, 2024 | 9:42 pm

CMCSA

DV

DoubleVerify (DV) and NBCUniversal have expanded their partnership to introduce a first-of-its-kind program-level measurement solution for OTT and CTV platforms. This solution, powered by DV's AI technology, will enable advertisers to measure brand safety, suitability, and content performance at the program level, offering unprecedented transparency and insights. The partnership aims to enhance advertiser confidence and maximize brand equity protection across premium streaming media.

Portfolio Pulse from Happy Mohamed

March 12, 2024 | 8:55 pm

DCOM

Dime Community Bancshares, Inc. (DCOM), the parent company of Dime Community Bank, announced the launch of a National Deposits Group to expand into new deposit-rich verticals. The group, led by Martin Ball, aims to attract low-cost relationship-based deposits across various industries with a focus on expertise, efficiency, and execution. The initiative is part of Dime's growth plan and is expected to serve as a growth engine for its Private and Commercial Bank.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 8:49 pm

FUBO

FuboTV Inc (NYSE:FUBO) shares rose in after-hours trading following the announcement of a new agreement with Mid-Atlantic Sports Network (MASN) to expand its local sports offerings, including streaming coverage of the Baltimore Orioles and Washington Nationals games. This agreement will add more than 500 live events annually to Fubo's platform, enhancing its sports coverage ahead of MLB's Opening Day.

Portfolio Pulse from Adam Eckert

March 12, 2024 | 8:47 pm

NCNA

NuCana's stock price increased following the grant of U.S. Patent #11925658 for phosphoramidate derivatives used in cancer treatment, particularly where patients show resistance.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 8:35 pm

AERT

Aeries Technology, Inc. (NASDAQ:AERT) has entered into a strategic partnership with Quickbase to enhance global technology and innovation. This collaboration aims to streamline operations, enhance productivity, and drive growth across various functions by leveraging India's talent pool and focusing on digital transformation with low/no code technology stacks. The partnership marks a significant step in Quickbase's strategy to become a global driver of technology and innovation, with a new establishment in Bangalore, India.

Portfolio Pulse from Happy Mohamed

March 12, 2024 | 8:32 pm

NARI

Inari Medical, Inc. (NASDAQ: NARI) announced positive two-year interim results from the CLOUT registry for its ClotTriever system, presented at the American Venous Forum. The results show excellent safety, effectiveness, and long-term outcomes in treating deep vein thrombosis (DVT), with significantly lower post-thrombotic syndrome (PTS) rates compared to historical studies. Inari's commitment to high-level research, including the DEFIANCE trial, aims to establish ClotTriever and FlowTriever systems as the standard of care for DVT and pulmonary embolism patients.

Portfolio Pulse from Happy Mohamed

March 12, 2024 | 8:29 pm

LYV

SSSS

Liquid Death, a rapidly growing beverage company, announced a new funding round of $67 million, reaching a valuation of $1.4 billion. The company, known for its canned water, flavored sparkling water, and iced tea, has attracted new investors including SuRo Capital (NASDAQ:SSSS) and Live Nation Entertainment (NYSE:LYV), along with celebrity investors like Josh Brolin and DeAndre Hopkins. The funding will support product innovation and operational scaling. Liquid Death reported $263 million in retail sales in 2023 and has expanded to 113,000 retail locations in the US and UK.

Portfolio Pulse from Chris Katje

March 12, 2024 | 8:27 pm

DKNG

The 2024 NFL season's free agency and team trades are significantly impacting Super Bowl LIX betting odds. Notable signings include Kirk Cousins to the Atlanta Falcons, Saquon Barkley to the Philadelphia Eagles, and Russell Wilson to the Pittsburgh Steelers. These moves have altered the teams' odds on DraftKings, with the Eagles and Falcons seeing improved odds, while the Vikings' odds have worsened. DraftKings Inc (NASDAQ:DKNG) is also introducing prop bets for these players.

Portfolio Pulse from Chris Katje

March 12, 2024 | 8:25 pm

TDY

Teledyne Technologies Incorporated (NYSE:TDY) has announced its agreement to acquire Valeport Holdings Limited, a UK-based company specializing in underwater sensors for various applications. The acquisition aims to enhance Teledyne's marine technology offerings, although the financial terms were not disclosed. Valeport's product line includes sound velocity probes, flow meters, and multi-parameter profilers, complementing Teledyne Marine's existing technology solutions.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 8:24 pm