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ETHUSD

OPUSD

Coinbase Global Inc's Base blockchain, which powers the social network platform Friend.Tech, has seen a surge in daily active users, surpassing the Optimism blockchain. Since its launch, Base has recorded cryptocurrency transfers amounting to $175 million. Friend.Tech, currently in its beta phase, allows users to buy or sell shares associated with Twitter personalities. A forthcoming token release on the platform has sparked excitement among users.

Portfolio Pulse from Murtuza Merchant

August 11, 2023 | 7:40 pm

AMZN

GOOGL

MSFT

Needham analyst Laura Martin reiterated a Buy rating and a $140 price target for Alphabet Inc (NASDAQ: GOOGL). Barometer CEO Tamara Zubatiy shared insights on Amazon.Com Inc (NASDAQ: AMZN) AWS and Google Cloud. Zubatiy expressed concerns about data privacy and generative AI outcomes with Google Cloud. She also mentioned latency issues and conflicts of interest with Microsoft Corp (NASDAQ: MSFT) Microsoft Cloud and Google Bard. Barometer is considering creating a parallel infrastructure on Google Cloud to hedge against potential AWS price increases.

Portfolio Pulse from Anusuya Lahiri

August 11, 2023 | 6:56 pm

GLOB

MSFT

Globant SA has launched a dedicated Microsoft Studio to enhance the value of its client investments. The studio will combine Globant's expertise with Microsoft's capabilities, focusing on AI acceleration and cloud computing. This follows Globant's recent announcement of a $1 billion investment over five years in Latin America to boost its regional presence.

Portfolio Pulse from Lekha Gupta

August 11, 2023 | 6:30 pm

SDGR

Schrödinger has been granted Orphan Designation Status for its drug for the treatment of Mantle Cell Lymphoma. This status is granted by the FDA to promote the development of drugs for rare diseases.

Portfolio Pulse from Happy Mohamed

August 11, 2023 | 6:03 pm

GTBIF

HITI

INLB

At the recent Benzinga Cannabis Capital Conference, industry leaders emphasized the importance of data in understanding consumers and driving business growth in the cannabis sector. Sarah Kabakoff, VP of business development at Dutchie, and Mike Weinberger, CEO of Item 9 Labs Corp. (OTCPK: INLB), highlighted the need for businesses to utilize their data efficiently. The panel also included Wendy Berger, board member of Green Thumb Industries Inc (OTCQX:GTBIF), and Raj Grover, founder, president & CEO of High Tide Inc (NASDAQ:HITI).

Portfolio Pulse from Joana Scopel

August 11, 2023 | 5:57 pm

ABT

BSX

JNJ

MDT

Boston Scientific Corp (BSX) is set to present results from its ADVENT pivotal trial for the Farapulse Pulsed Field Ablation (PFA) system at the 2023 European Society of Cardiology Congress. The trial compares Farapulse to standard-of-care RF ablation and cryoballoon ablation. Analysts from Needham believe the trial could support FDA approval for Farapulse. The global electrophysiology market, valued at $7.6 billion in 2022, is projected to reach $9.4 billion by 2024. Boston Scientific's electrophysiology operations currently contribute about 5% of its revenue.

Portfolio Pulse from Vandana Singh

August 11, 2023 | 4:53 pm

LYFT

UBER

Lyft has announced that its app will now feature targeted ads during the booking and ride process. The move is aimed at capitalizing on the company's user base, with the average rider checking their phone nearly nine times during a ride. Advertisers will be able to target riders based on location, payment type, and lifestyle. This comes after Uber, Lyft's main competitor, launched video ads on its apps in June. The introduction of a new revenue stream follows several rounds of layoffs at Lyft.

Portfolio Pulse from Happy Mohamed

August 11, 2023 | 4:42 pm

BNTX

MRNA

NVAX

PFE

The COVID-19 variant EG.5 is causing a resurgence in cases, accounting for an estimated 17.3% of all cases in the U.S. In response, Pfizer Inc (PFE), BioNTech SE (BNTX), Moderna Inc (MRNA), and Novavax Inc (NVAX) are preparing to release updated vaccines by the end of September, pending FDA and CDC approval. The new vaccines will primarily target the XBB variants, descendants of the original Omicron strain.

Portfolio Pulse from AJ Fabino

August 11, 2023 | 4:30 pm

AMZN

NRG

Direct Energy has expanded its renewable energy plans to include two years of Amazon Prime with any Direct Energy 'On Us' electricity plan. The 'On Us' plans include fixed-rate electricity plans with free nights or weekends. Direct Energy began collaborating with Amazon in 2018 and this latest offer allows customers to enjoy Amazon Prime benefits as soon as a day after they start service on an eligible plan. Existing Prime members will receive a $15 gift card each month for the length of their contract term.

Portfolio Pulse from Happy Mohamed

August 11, 2023 | 3:33 pm

LGVN

Longeveron Inc. (NASDAQ:LGVN) has announced that it has surpassed the 50% enrollment threshold in its Phase 2 ELPIS II trial of Lomecel-BTM in Hypoplastic Left Heart Syndrome (HLHS). The trial is funded by the National Heart, Lung, and Blood Institute (NHLBI) and uses Longeveron's Lomecel-BTM asset. The company has also activated an additional clinical site to expedite the completion of the trial enrollment. A webinar discussing the unmet medical need and current standard of care for HLHS patients, as well as the potential of Lomecel-BTM, will be held on August 16, 2023.

Portfolio Pulse from Happy Mohamed

August 11, 2023 | 3:30 pm