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MARA

RIOT

Marathon Digital Holdings Inc. (NASDAQ:MARA) announced that all Bitcoin blocks mined by its MARA Pool will be labeled 'Made in USA,' following former President Donald Trump's pledge to make the US a global Bitcoin mining hub. This move positions Marathon Digital as the only large-scale miner capable of ensuring all its blocks are mined in the USA. The announcement comes amid increasing global competition in Bitcoin mining, with Russia recently legalizing cryptocurrency mining.

Portfolio Pulse from Aniket Verma

August 13, 2024 | 12:01 pm

FQVLF

GOLD

TECK

Barrick Gold (NYSE:GOLD) has expressed interest in partnering with the Panamanian government regarding the Cobre Panama mine, which has been idle due to contractual disputes between its owner, First Quantum Minerals (OTC:FQVLF), and the government. The mine's future remains uncertain, with potential new partnerships or operational changes expected next year. Barrick's CEO emphasized caution in overpaying for assets, while First Quantum seeks $20 billion in damages through arbitration.

Portfolio Pulse from Stjepan Kalinic

August 13, 2024 | 11:58 am

OKLO

SIEGY

Oklo has signed a Preferred Supplier Agreement with Siemens Energy, enhancing its supply chain management. This agreement aims to improve production scalability, cost efficiency, and rapid deployment to meet growing customer demand.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 11:58 am

NVDA

PSFE

QQQ

SPY

TME

VSAT

Wall Street is optimistic about benign inflation data, which could lead to a rate cut. Home Depot's weak guidance is weighing on the retail sector. Futures for Nasdaq and S&P 500 are slightly up, while Dow and Russell 2000 are down. Key stocks like Home Depot, Tencent Music, Sea Limited, Paysafe, and Viasat are experiencing significant premarket movements.

Portfolio Pulse from Shanthi Rexaline

August 13, 2024 | 11:41 am

CYBN

Cybin has completed an FDA Type B initial breakthrough therapy meeting and plans to initiate a Phase 3 program for CYB003 in treating major depressive disorder by late summer.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 11:40 am

ARAY

Accuray and Halifax Health announced that the Charles L. and Miki N. Grant Cancer Center for Hope Medical Team is the first in the U.S. to treat cancer patients using Accuray's Radixact System with Vitalhold Technology.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 11:38 am

CYBN

Cybin is set to commence its Phase 3 pivotal program for CYB003 in late summer, following a Type B Initial Breakthrough Therapy meeting with the FDA. The company has selected 30 clinical sites across the US and Europe. In Phase 2, CYB003 showed a 75% remission rate from depression four months after two 16mg doses. Cybin expects to report 12-month efficacy data from Phase 2 in Q4 this year.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 11:37 am

PBM

Psyence Biomedical and Optimi Health have signed a non-binding letter of intent to collaborate on global psilocybin drug development. Optimi Health will become the exclusive supplier of GMP non-synthetic psilocybin extract for Psyence's initiatives.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 11:36 am

NRXP

NRx Pharmaceuticals has secured up to $16 million in convertible debt financing from an institutional investor. The funds will support the 2024 New Drug Application filing for its two lead products, NRX-100 and NRX-101, and will also be used to retire existing debt from Streeterville Capital.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 11:36 am

ABEO

The Centers for Medicare and Medicaid Services (CMS) has granted a product-specific procedure code ICD-10-PCS for Abeona Therapeutics' investigational gene therapy, Prademagene Zamikeracel (Pz-cel). This code will facilitate efficient documentation, billing, and analysis of inpatient hospital procedures using Pz-cel if it receives U.S. marketing approval. The code will be effective from October 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 11:34 am