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USDTUSD

USDC stablecoin is now available on Polkadot, allowing it to be transferred to parachains in Polkadot through the XCM protocol. This comes after Circle's announcement that USDC will be available for developers and users on the NEAR Blockchain Network. Polkadot USDC is issued on Polkadot Asset Hub and can be traded, borrowed, and lent on parachains like Centrifuge, HydraDX, and Moonbeam. USDC now supports 14 blockchain networks, more than its rival USDT which supports 11 networks.

Portfolio Pulse from Khyathi Dalal

September 19, 2023 | 4:47 pm

ATVI

MSFT

NTDOY

SONY

Leaked documents suggest that Nintendo ADR's (OTC:NTDOY) upcoming console, the Nintendo Switch 2, may have performance capabilities similar to Sony Group Corp's (NYSE:SONY) PlayStation 4 and Microsoft Corp.'s (NASDAQ:MSFT) Xbox One. The information was revealed during the FTC v. Microsoft hearings. Activision Blizzard Inc (NASDAQ:ATVI) executives met with Nintendo in December 2022 to discuss the Switch 2, with the goal of maintaining the hybrid nature of the Switch while enhancing its power and potentially improving game graphics.

Portfolio Pulse from Franca Quarneti

September 19, 2023 | 4:38 pm

CART

DASH

UBER

Instacart is set to debut on the Nasdaq under the symbol 'CART' with an IPO price of $30 per share, totaling 22 million shares. Current indications suggest an opening trade at $42. The company's CEO, Fidji Simo, discussed the company's performance and future plans, emphasizing its competitive edge due to deep integration with grocers. The advertising segment of the business, accounting for nearly 30% of the total revenue, is also gaining attention.

Portfolio Pulse from AJ Fabino

September 19, 2023 | 4:33 pm

ATVI

MSFT

SONY

Microsoft Corporation plans to release successors to the Xbox Series X and Xbox Series S consoles by 2028, according to court filings related to the failed Federal Trade Commission's attempt to block the Activision Blizzard Inc acquisition. The company is considering a combination of a single main platform and a range of specs. There are indications that Microsoft is preparing for a mid-generation refresh of the Xbox Series X and Series S consoles, with the upgraded Series X console set for release in October 2024.

Portfolio Pulse from Franca Quarneti

September 19, 2023 | 4:27 pm

ARQT

Arcutis Biotherapeutics Inc announced that its INTEGUMENT-PED Phase 3 trial of roflumilast cream 0.05% for children with atopic dermatitis met its primary and all secondary endpoints. The company plans to submit a supplemental New Drug Application for the cream for children aged 2 to 5 years, following potential approval of roflumilast cream 0.15% for adults and children aged six years and older. ARQT shares are down 0.47% at $6.46.

Portfolio Pulse from Vandana Singh

September 19, 2023 | 4:20 pm

BABA

INTC

Alibaba has announced that it is using new central processor chips from Intel to serve its large language model. The news was revealed during an Intel event.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 4:01 pm

INTC

SMCI

Supermicro, Inc. (NASDAQ:SMCI) has announced future support for the upcoming 5th Gen Intel Xeon processors. Supermicro will soon offer early shipping and free remote early access testing of the new Systems via its JumpStart Program for qualified customers. The Supermicro 8x GPU optimized servers, the SuperBlade® servers, and the Hyper Series will soon be ready for customers to test their workloads on the new CPU. The new processors will have built-in workload accelerators, enhanced security features, and increased performance within the same power envelope as the previous generation of 4th Gen Intel Xeon processors.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 4:01 pm

META

Elon Musk announced that X (formerly Twitter) will charge a monthly fee to deter bots. The fee amount and timeline are not specified. This decision could lead users to explore free alternatives like Meta Platforms Inc’s Threads app. Threads, launched in July, grew to over 100 million users but saw a decline in daily active users and average usage time. If X introduces monthly charges, a shift towards Threads might be on the horizon.

Portfolio Pulse from AJ Fabino

September 19, 2023 | 4:00 pm

STLA

TSLA

WKSP

Worksport Ltd (NASDAQ:WKSP)(NASDAQ:WKSPW) has signed a significant long-term supply agreement with a US automotive aftermarket reseller, which is expected to bring in $16 million in annual sales of its hard-folding and soft-folding covers. The company is also working on introducing the SOLIS solar-powered tonneau cover, integrated with its COR remote battery system. Meanwhile, Tesla Inc (NASDAQ:TSLA) is reportedly close to a technological breakthrough in EV making, while Ford Motor (NYSE:F), General Motors (NYSE:GM) and Stellantis N.V. (NYSE:STLA) are struggling with a strike by the United Auto Workers.

Portfolio Pulse from Upwallstreet

September 19, 2023 | 3:58 pm

NSTG

The European Unified Patent Court (UPC) has granted a preliminary injunction against NanoString Technologies, Inc. (NASDAQ:NSTG) in 17 EU Member States, temporarily blocking the company's ability to market and sell its CosMx Spatial Molecular Imager products for RNA detection. This is part of an ongoing patent dispute with 10x Genomics and Harvard. NanoString plans to immediately appeal the decision and remains confident that it does not infringe the asserted patents. The ruling does not affect NanoString's ability to market or sell CosMx SMI products for protein detection in the EU, or any products in the US, the UK, or the rest of the world outside of the EU member states participating in the UPC system.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 3:56 pm