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DKNG

The GOP nomination race for the 2024 presidential election is currently between Donald Trump and Nikki Haley. Trump has won the first two states, Iowa and New Hampshire, while Haley remains in the race. Crypto bettors on Polymarket are wagering on whether Haley will drop out before the South Carolina primary. The betting market has $62,000 wagered with odds implying a 42% chance that Haley will drop out before the primary. Meanwhile, DraftKings Inc. CEO hopes for political betting to be legalized in the U.S., as the company offers betting on the 2024 presidential election in Canada.

Portfolio Pulse from Chris Katje

January 25, 2024 | 11:40 pm

NXU

Nxu has applied for grant funding from the California Energy Commission's National Electric Vehicle Infrastructure Formula Program, aiming to secure a portion of the over $40 million allocated for the deployment of high-powered, direct-current fast charger electric vehicle charging infrastructure.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 10:58 pm

AMZN

17-year-old Bella Lin has turned her side hustle, GuineaLoft, into a successful business on Amazon, generating $34K a month by selling improved living spaces for guinea pigs. Starting with $2,000 of her savings, Lin's business earned over $410,000 last year. She's considering delaying college to focus on her business, which she's expanding through reinvestment in marketing and R&D.

Portfolio Pulse from Adam Eckert

January 25, 2024 | 10:41 pm

INTC

Intel's CEO announced the company's expectation to ship 40 million AI-enabled personal computers by 2024, indicating a significant focus on integrating artificial intelligence into their product offerings.

Portfolio Pulse from Charles Gross

January 25, 2024 | 10:31 pm

INTC

Intel's CEO announced during a conference call that the company has secured a chipmaking deal with a significant high-performance computing customer.

Portfolio Pulse from Charles Gross

January 25, 2024 | 10:26 pm

HYZN

PFGC

Hyzon Motors has delivered four heavy-duty fuel cell electric vehicles to Performance Food Group (PFG), six months after announcing their agreement. This marks a step forward in the adoption of clean energy vehicles in the food distribution industry.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 10:24 pm

UTZ

Utz Quality Foods has issued a voluntary recall of 88 cases of its 2.75 oz. Wavy Original Potato Chips due to the presence of an undeclared milk allergen. This recall is a precautionary measure to prevent potential allergic reactions in consumers with milk allergies.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 10:13 pm

AGIX

FET

LINK

OCEAN

ORAI

RNDR

TAO

Bittensor (TAO), an AI-powered blockchain platform, has seen a significant surge of over 30% in a week, outperforming other altcoins and meme cryptocurrencies. TAO's rise is attributed to its unique proposition in the AI crypto space, which includes facilitating the creation and deployment of intelligent applications. The token's performance has caught the attention of investors and influencers, pushing it past its all-time high of $394. Other AI crypto projects like Render (RNDR), SingularityNET (AGIX), Fetch.ai (FET), Ocean Protocol (OCEAN), Oraichain (ORAI), and Chainlink (LINK) are also noted as potential key players in the sector.

Portfolio Pulse from Murtuza Merchant

January 25, 2024 | 10:09 pm

TVTX

Travere Therapeutics, Inc. (NASDAQ:TVTX) has entered into an exclusive licensing agreement with Renalys Pharma, Inc. to develop and commercialize sparsentan, a treatment for IgA nephropathy, in Japan, South Korea, Taiwan, and several Southeast Asian countries. Travere will receive an upfront payment and is eligible for up to $120 million in milestone payments, plus royalties on net sales. Renalys will handle development, regulatory matters, and commercialization in the licensed territories. A registrational study in Japan is planned for Q2 2024, with results expected in H2 2025.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 9:40 pm

SPY

TSLA

Tesla Inc (NASDAQ:TSLA) reported that the Model Y was the bestselling vehicle globally in 2023, contributing to the company's delivery of 1.8 million vehicles for the year. The Model Y's success is highlighted as a significant factor in Tesla's growth, with 394,497 units sold in the U.S. and a 56.6% year-over-year growth. Tesla's stock has seen substantial returns since the Model Y's unveiling, with a $1,000 investment in 2019 now worth $9,223.14, an 822.3% increase. In comparison, the same investment in the SPDR S&P 500 ETF Trust (NYSE:SPY) would have yielded a 72.5% return. Tesla anticipates a lower growth rate in 2024 as it prepares to launch the next-generation vehicle, which may affect the stock's performance.

Portfolio Pulse from Chris Katje

January 25, 2024 | 9:37 pm