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YBTC

Roundhill Investments has launched the Roundhill Bitcoin Covered Call Strategy ETF (YBTC), the first U.S.-listed covered call Bitcoin ETF. YBTC aims to generate monthly income by selling call options on Bitcoin ETFs, targeting investors seeking a mix of Bitcoin exposure and income without direct investment in the cryptocurrency. Roundhill is known for being first to market with thematic ETFs, and the success of YBTC will depend on its ability to provide regular income and unique exposure to Bitcoin. Roundhill's other ETFs include METV, BETZ, CHAT, and MAGS, with QDTE and XDTE in development.

Portfolio Pulse from Chris Katje

January 22, 2024 | 6:15 pm

Hawaiian Airlines is expanding its summer schedule with increased flights from Honolulu to Austin, Boston, Las Vegas, Los Angeles, and Pago Pago. A fourth daily flight to Los Angeles will be added from May 24 to Sept. 2. The airline will use Airbus A330 and Boeing 787-9 aircraft, offering Hawaiian hospitality and in-flight entertainment. The expansion reflects strong travel demand to and from Hawaii.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 6:02 pm

ETH-USD

On Sunday, 2,752.96 Ether (ETH) valued at approximately $6.54 million was burned due to the EIP-1159 upgrade implemented on the Ethereum blockchain, which introduced a variable base fee for transactions that is permanently removed from circulation. This has led to a net annualized issuance rate of -0.49% for Ether, indicating a move towards a deflationary currency, especially with the anticipated Ethereum 2.0 upgrade that could further reduce the issuance rate to 0.5-1% per year.

Portfolio Pulse from Benzinga Insights

January 22, 2024 | 6:00 pm

SXTP

60 Degrees Pharma's stock is up following the announcement of a pivotal clinical study of tafenoquine for hospitalized babesiosis patients in the U.S., after a Type C meeting with the FDA.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 5:53 pm

TSLA

Elon Musk, CEO of Tesla Inc. (NASDAQ:TSLA), co-founded OpenAI but left due to disagreements, launching a competitor, xAI. Musk invested over $40 million in OpenAI, which he envisioned as open-source, but it became profit-focused. Musk's xAI, with $134.7 million raised from investors, aims to innovate in AI, challenging OpenAI's market position. Musk's experience and strategic vision could make xAI a formidable player in the AI space, despite OpenAI's first-mover advantage.

Portfolio Pulse from Caleb Naysmith

January 22, 2024 | 5:37 pm

GWAV

Greenwave Technology Solutions, Inc. (GWAV) reported over $9M in revenue for Q4 2023, marking a 10% increase from Q3 2023. The company, which operates metal recycling facilities, expects significant revenue growth in FY 2024 following recent capital investments in equipment and technology to improve operations and margins. These developments come after the commencement of new processing equipment at its Virginia facility.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 5:34 pm

ADM

DWAC

GILD

RVSN

SGMT

VIRI

U.S. stocks traded higher with the Dow Jones gaining around 150 points. Real estate shares led the gains, while consumer discretionary shares fell. The US leading economic index dropped by 0.1% in December, less than the expected 0.5% decline. Sagimet Biosciences' stock surged 94% after positive clinical trial results. Rail Vision's stock jumped 69% following EU certifications for its railway system. Digital World Acquisition Corp's stock rose 26% after Ron DeSantis ended his presidential campaign. Virios Therapeutics' stock plummeted 40% due to plans to advance development for long-COVID treatment. Archer-Daniels-Midland's stock fell 20% amid an investigation into accounting practices. Gilead Sciences' stock dropped 10% after a failed phase 3 study. Oil prices increased by 2.3%, while gold saw a slight decline.

Portfolio Pulse from Avi Kapoor

January 22, 2024 | 5:18 pm

DIS

DKNG

FOX

FOXA

PARA

PARAA

The NFL Playoffs have narrowed down to four teams: the San Francisco 49ers, Detroit Lions, Baltimore Ravens, and Kansas City Chiefs. Media companies like CBS (Paramount Global) and FOX (Fox Corporation) are set to benefit from broadcasting the upcoming conference championship games and Super Bowl LVIII. DraftKings Inc provides updated betting odds for the remaining teams. The Kansas City Chiefs' improved record is highlighted, with Taylor Swift's attendance at games being a notable storyline. ESPN and ABC (Walt Disney Co) will air the NFL Pro Bowl events.

Portfolio Pulse from Chris Katje

January 22, 2024 | 5:15 pm

ELAB

INMB

Elevai Labs, Inc. has entered into a License Agreement with INmune Bio, Inc. to obtain exclusive and non-exclusive rights to develop, manufacture, and commercialize INmune's EMx technology for mesenchymal stromal cells. The agreement includes an upfront payment, scheduled payments, a final technology transfer fee, and a capped nominal royalty on sales of licensed products. Elevai will also supply INmune with hUMSCs at a cost-plus basis after successful manufacturing.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 5:09 pm

AMAM

JNJ

The FDA has granted full approval to Johnson & Johnson's Balversa for certain adult bladder cancer patients, after its initial accelerated approval in April 2019. The Phase 3 THOR study demonstrated Balversa's efficacy in extending overall survival compared to chemotherapy. Additionally, Johnson & Johnson is set to acquire Ambrx Biopharma for approximately $2.0 billion, enhancing its targeted oncology portfolio.

Portfolio Pulse from Vandana Singh

January 22, 2024 | 5:00 pm