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SHIBUSD

Shiba Inu (SHIB) experienced a significant increase in its token burn rate, surging by 1900% and removing over 102 million SHIB tokens from supply in the last 24 hours. A large transaction accounted for the destruction of over 93 million SHIB tokens. This event coincides with a 30% increase in Shiba Inu's Open Interest and a bullish sentiment among traders, particularly on the OKX platform, where the long versus short ratio stands at 2.34. The SHIB community anticipates the launch of the K9 Finance Liquid Staking Derivatives platform and an auto-burning feature to further reduce SHIB's token supply. Additionally, Shibarium developers introduced a dual-component burning mechanism using BONE token fees for manual burns. SHIB's price rose by 5.22% in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

February 28, 2024 | 10:27 am

VTRS

Viatris Inc. (NASDAQ:VTRS) has entered into a global partnership with Idorsia for the development and commercialization of selatogrel, a treatment for acute myocardial infarction (AMI), and cenerimod, a potential treatment for systemic lupus erythematosus (SLE). Viatris will receive exclusive global rights to these assets, with Idorsia receiving an upfront payment of $350 million, along with potential milestone payments and royalties. Both companies will share development costs, and the deal includes rights of first refusal and negotiation for Viatris on future Idorsia assets.

Portfolio Pulse from Nabaparna Bhattacharya

February 28, 2024 | 10:20 am

CRM

LLY

PANW

VKTX

Jim Cramer discussed the stock performances of Palo Alto Networks, Eli Lilly, and Salesforce on CNBC, highlighting cybersecurity threats, competition in pharmaceuticals, and skepticism from analysts, respectively. Cramer recommended a long position in Palo Alto due to increasing cybersecurity demands. Eli Lilly's stock faced pressure from Viking Therapeutics' promising GLP-1 treatment results, but Cramer emphasized the importance of pharmaceutical backing. Salesforce's price target was raised by Wells Fargo, which Cramer saw as a red flag due to the hold rating.

Portfolio Pulse from Benzinga Neuro

February 28, 2024 | 8:59 am

TSLA

Elon Musk announced that the new Tesla Roadster, set for delivery in 2025, will incorporate SpaceX technology to achieve unprecedented speed, with acceleration from 0 to 60 mph in less than 1 second. This update comes after a period of silence since May 2023, with the vehicle's unveiling planned for the end of 2024. Musk's collaboration between Tesla and SpaceX aims to make the Roadster a unique offering in the automotive market.

Portfolio Pulse from Anan Ashraf

February 28, 2024 | 8:51 am

DOGEUSD

FLOKIUSD

PEPEUSD

SHIBUSD

Floki Inu (CRYPTO: FLOKI) receives a $10M investment from Web3 investment firm DWF Labs, aiming for market dominance and capitalizing on an anticipated crypto bull run. This follows a previous $5M investment by DWF Labs in May 2023. The crypto community is highly optimistic about Floki's future, especially with the upcoming release of its metaverse game Valhalla. Floki's ambition is to dominate the memecoin space and rise in the global cryptocurrency rankings.

Portfolio Pulse from Murtuza Merchant

February 28, 2024 | 8:25 am

MCD

META

Mark Zuckerberg, CEO of Meta Platforms, humorously suggested a Michelin star for a Japanese McDonald's he visited. His trip includes business meetings in Japan to discuss Meta's technologies and future visits to South Korea and India. Meanwhile, Zuckerberg's legal team is defending him in lawsuits related to social media addiction among children. McDonald's faces challenges in India with a recent outlet suspension.

Portfolio Pulse from Benzinga Neuro

February 28, 2024 | 8:18 am

AAPL

Tesla investor Ross Gerber praised Apple Inc.'s decision to halt its electric vehicle (EV) project in favor of focusing on its artificial intelligence initiative, Vision Pro. Gerber, CEO of Gerber Kawasaki Wealth and Investment Management, expressed his views on CNBC, stating that moving resources to AI was the smartest move for Apple. This decision reflects Apple's strategic shift towards AI, amidst the rapidly evolving EV landscape.

Portfolio Pulse from Benzinga Neuro

February 28, 2024 | 8:13 am

IDRSF

VTRS

Viatris and Idorsia have announced a significant global R&D collaboration, expanding Viatris' portfolio with two Phase 3 assets, Selatogrel and Cenerimod, both with high revenue potential. The collaboration leverages Viatris' financial strength and global operations with Idorsia's drug development expertise. The deal highlights Viatris' disciplined capital allocation and includes options for future asset expansions. A special R&D event by Viatris is scheduled for March 27, 2024.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 8:12 am

LUNR

Roth MKM maintains a bullish stance on Intuitive Machines (NASDAQ:LUNR) despite its lunar lander, Odysseus, tipping over on the Moon. The firm highlights the lander's operational status and the valuable learnings for future missions, maintaining a 'buy' rating with a $15 price target. Intuitive Machines reported ongoing communication with Odysseus, with potential battery life extending 10-20 more hours. The incident has not deterred investor confidence, as LUNR shares rose 6.9% to close at $6.7 on Tuesday, marking a 184% increase year-to-date.

Portfolio Pulse from Anan Ashraf

February 28, 2024 | 8:06 am

CEVA

Ceva has joined the Arm Total Design initiative to expedite the development of comprehensive 5G System-on-Chips (SoCs) for infrastructure and Non-Terrestrial Network (NTN) satellites. This collaboration aims to enhance the design and deployment of 5G technology across various platforms.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 8:05 am