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LMFA

LM Funding America, Inc. (NASDAQ:LMFA), a cryptocurrency mining and finance company, announced it mined 26.8 Bitcoin in February 2024, increasing its total holdings to 153.6 Bitcoin. The company's Bitcoin holdings were valued at over $10.4 million as of March 8, 2024, based on a BTC price of $68,000. LM Funding did not sell any Bitcoin to fund operations, emphasizing a buy-and-hold strategy. The company plans to continue increasing its mining capacity by deploying more Bitmain S21 Antminer machines.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 12:41 pm

APRE

DUO

MESO

Fangdd Network (DUO) shares surged 151% following the announcement of its 2024 strategic plan to enter the real estate stock asset services sector. Mesoblast Limited (MESO) saw a 52% increase in its shares after the FDA supported an accelerated approval pathway for Rexlemestrocel-L for end-stage heart failure patients with LVAD. Aprea Therapeutics (APRE) shares jumped 91% after announcing FDA clearance for APR-1051 and a private placement financing deal worth up to $34 million.

Portfolio Pulse from ryanfaloona@benzinga.com

March 11, 2024 | 12:40 pm

GMM

Global Mofy Metaverse (NASDAQ:GMM) announced the creation of Gauss AI, a subsidiary focused on monetizing AI-generated content and synthetic video creation. Leveraging its digital asset library and innovation track record, the company aims to serve the expanding digital entertainment market. Gauss AI will develop AI content creation systems and synthetic video, aiming to enhance efficiency and innovation in content production at reduced costs. CEO Haogang Yang highlighted the transformative impact of AI on digital entertainment and content creation, emphasizing the company's competitive position and potential for growth.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 12:39 pm

DELL

HPE

The expansion of AI device applications from the cloud to the edge has led to a significant increase in orders for vendors such as Asustek Computer, Dell, and HPE, primarily for cloud data centers, as reported by sources in the server industry.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 12:39 pm

IART

Integra LifeSciences Holdings Corporation (NASDAQ:IART) announced the commercial availability of MicroMatrix Flex in the U.S. This dual-syringe system allows for the convenient mixing and precise delivery of MicroMatrix paste, facilitating access to hard-to-reach wound areas in complex cases. MicroMatrix Flex is part of Integra's UBM products, which have been utilized in over 360,000 procedures and supported by more than 200 publications. The launch aims to enhance Integra's portfolio in regenerative medicine and address complex wound management challenges.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 12:38 pm

NRXP

NRx Pharmaceuticals, Inc. (NRXP) and its subsidiary HOPE Therapeutics have completed a Memorandum of Understanding with Conversio Health and established a partnership with Nephron Pharmaceuticals for the distribution of IV Ketamine. This collaboration aims to provide a consistent supply of high-quality, FDA- and DEA-compliant IV ketamine to patients and clinics nationwide. The company is preparing for the initial sale of ketamine by the end of March 2024 and plans to file a New Drug Application (NDA) for HTX-100, with a potential launch in early 2025.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 12:36 pm

GE

XPDB

GE Vernova and Montana Technologies have formed a 50/50 joint venture, AirJoule, LLC, to manufacture and supply air conditioning and atmospheric water harvesting products using advanced technologies in the Americas, Africa, and Australia. This venture combines GE Vernova's sorbent materials and Montana's patented AirJoule technology. The collaboration aims to reduce energy use and carbon emissions in the air conditioning industry and improve air-to-water generation. GE Vernova has also invested in Montana Technologies, which is set to merge with Power & Digital Infrastructure Acquisition II Corp (XPDB) and will trade under the ticker symbol 'AIRJ'. GE Vernova is expected to spin-off from General Electric Company in April 2024.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 12:35 pm

ROST

Ross Stores, Inc. has opened 18 new stores across 11 states, including 11 Ross Dress for Less and seven dd's DISCOUNTS locations. This expansion is part of their plan to open approximately 90 new stores in fiscal 2024, aiming for a total of 75 Ross and 15 dd's DISCOUNTS stores. The company now operates 2,127 locations nationwide and has a long-term goal of reaching 2,900 Ross and 700 dd's DISCOUNTS stores, driven by consumer demand for value and convenience.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 12:33 pm

CXM

Sprinklr, Inc. (NYSE:CXM) announced the launch of a local data hosting solution in Saudi Arabia, hosted on Google Cloud, aiming to expand in the Middle East and comply with regional regulations. This move, marking Sprinklr as the first customer experience platform with local hosting in Saudi Arabia on Google Cloud, is expected to provide a competitive advantage. The company reported an 18% Y/Y revenue increase for Q3 FY24 to $186.3 million, surpassing consensus estimates. CXM shares rose 0.38% in premarket trading.

Portfolio Pulse from Lekha Gupta

March 11, 2024 | 12:20 pm

BLUE

bluebird bio, Inc. (NASDAQ:BLUE) announced its first Medicaid outcomes-based agreement for LYFGENIA, a gene therapy for sickle cell disease, with Michigan Medicaid. This agreement, focusing on equitable access for Medicaid-insured patients, represents a significant step in bluebird bio's commercial strategy. LYFGENIA offers a one-time treatment for patients 12 and older with a history of vaso-occlusive events. bluebird is in discussions with over 15 Medicaid agencies and has agreements with national commercial payers covering 200 million U.S. lives. The company is also engaged with CMMI for a demonstration model starting in 2025.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 12:14 pm