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MATICUSD

Polygon's (CRYPTO: MATIC) token price is rising due to its new Portal launch, a FIFA NFT deal, and anticipation of two major announcements related to ZK and RWAs. The Portal replaces the old Wallet Suite, offering a unified UX for bridging, third-party bridges, gas refueling, and developer tools. FIFA's selection of Polygon for digital collectibles and the transfer of NFTs minted on Algorand to Polygon for a World Cup event further bolster its prospects. Additionally, Polygon hosts loyalty programs for Flipkart and Starbucks. MATIC's price has increased by 4.6% in the past 24 hours and over 10% in the past week.

Portfolio Pulse from Khyathi Dalal

December 12, 2023 | 4:20 pm

GREE

NVDA

Greenidge Generation Holdings Inc (NASDAQ:GREE) stock rose 8.3% to $5.23 after announcing a partnership with Infinite Reality to create GreenidgeAI, focusing on AI infrastructure for metaverse experiences in the US and Canada. The partnership includes an equity swap and warrants for share purchases. GreenidgeAI, which will use NVIDIA GPUs, plans to start taking external orders by 2024. GREE's 52-week range is $1.55 to $13.90.

Portfolio Pulse from Henry Khederian

December 12, 2023 | 4:14 pm

BYND

COST

Beyond Meat Inc (NASDAQ:BYND) shares are rising after launching a new Beyond Burger exclusively at Costco Wholesale Corp (NASDAQ: COST) stores nationwide. The burger features non-GMO plant-based ingredients with 19 grams of protein and 35% less saturated fat than a typical beef burger. Beyond Meat's stock has surged over 58% in the last month, with trading volume exceeding the 100-day average. Analysts' sentiment on BYND is mixed, with an average price target of $27.91. BYND shares were up 2.67% at $10.21 at the time of publication.

Portfolio Pulse from Adam Eckert

December 12, 2023 | 4:11 pm

NVEI

Nuvei Corporation has achieved ISO27001 and ISO27017 certification for information security management, extending its certification globally and to its full cloud environment. This demonstrates Nuvei's commitment to stringent security standards and solidifies its position as a leading payment technology provider. The certifications are expected to support Nuvei's goal of accelerating revenue for its business customers by providing a secure transaction environment.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 4:04 pm

SPOT

WBD

Spotify has entered into a podcast distribution and monetization partnership with Warner Bros. Discovery. The agreement involves Spotify's Megaphone platform hosting and distributing select Warner Bros. Discovery podcasts, including content from CNN and HBO. Additionally, Spotify will serve as a monetization partner through its Spotify Audience Network. The deal includes podcasts from various Warner Bros. Discovery networks, while Warner Bros. Discovery maintains a separate partnership with Acast for other network podcasts and a deal with Spotify for DC Comics podcasts.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 3:54 pm

HSY

MDLZ

UK regulators are seizing American candies like Jolly Rancher, Swedish Fish, and Lemonhead due to additives banned under EU and UK law linked to cancer and other health issues. Consumer Reports urges the US to expand its list of banned food additives, following California's recent ban on certain chemicals. The FDA faces pressure to update food additive regulations, with New York and Pennsylvania considering similar bans. The seized products, including Twizzlers and Mountain Dew, contain substances like mineral oil, BHT, and color additives linked to health risks.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 3:48 pm

BTCUSD

El Salvador's 'Volcano Bond' has received regulatory approval, with plans to launch in Q1 2024. This bond aims to reduce sovereign debt and fund the construction of 'Bitcoin City', a hub for cryptocurrency and blockchain technology. The bond will be issued on the Bitfinex Securities Platform and is part of El Salvador's broader commitment to Bitcoin, including a $1 billion Bitcoin mining project using geothermal energy from volcanoes.

Portfolio Pulse from Murtuza Merchant

December 12, 2023 | 3:45 pm

GM

LAAC

LAC

Lithium Americas Corp (LAC) is progressing with its Thacker Pass project, which is the largest U.S. lithium source, with production starting in 2026. Despite a key partnership with General Motors (GM) and support from the Department of Energy, LAC's stock has been underperforming, trading between $6.5 to $7.5 without signs of momentum. JPMorgan initiated coverage with a neutral rating and a target price of $7. Post-reorganization, Lithium Americas (Argentina) Corp (LAAC) is seen as having less uncertainty and more potential for medium-term returns.

Portfolio Pulse from Surbhi Jain

December 12, 2023 | 3:37 pm

NYT

The New York Times has appointed its first newsroom leader to focus on artificial intelligence, indicating the company's commitment to integrating AI into its journalism practices. This move reflects the growing importance of AI in the media industry and the NYT's efforts to stay at the forefront of technological advancements.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 3:34 pm

CDXC

Neurohacker Collective has partnered with ChromaDex to launch Qualia NAD+, an NAD+ supplement featuring ChromaDex's patented Niagen ingredient. The product aims to boost NAD+ levels, which are linked to healthy aging and decline with age. A pilot study showed 95% of participants rated Qualia NAD+ as 'excellent' to 'good.' The NAD+ supplementation market is growing, with over half a billion dollars in annual revenue and a projected 13% annual growth rate from 2022 to 2030. Qualia NAD+ includes all three NAD+ precursors and additional ingredients to support NAD+ production. The product is available on neurohacker.com and is expected to expand to additional channels soon.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 3:31 pm