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UUP

U.S. Producer Price Index (PPI) for February rose by 0.6% month-over-month, surpassing expectations and January's 0.3% increase, signaling potential inflationary pressures. Annual PPI also exceeded forecasts at 1.6%. Core PPI, excluding food and energy, rose by 0.3% monthly and 2% annually, both above expectations. This data follows a consumer inflation report exceeding forecasts, challenging Federal Reserve's rate policy adjustments. Market reactions included a slight increase in 2-year yields and the Invesco DB USD Index Bullish Fund ETF (UUP), while futures on major U.S. indices trimmed gains.

Portfolio Pulse from Piero Cingari

March 14, 2024 | 12:34 pm

SCPX

Scorpius Holdings, Inc (NYSE American: SCPX), a contract development and manufacturing organization, announced its acceptance into the BioMaP-Consortium, supported by BARDA and part of the National Biopharmaceutical Manufacturing Partnership. The consortium, with a $20 billion funding ceiling, aims to expand the industrial and manufacturing base for medical countermeasures. This membership provides Scorpius with growth funding, streamlined access to government-funded programs, and opportunities to support biomanufacturing for public health preparedness.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 12:34 pm

M

On March 13, 2024, Arkhouse and Brigade engaged in due diligence activities with Macy's, involving the exchange of a due diligence request list and a revised draft confidentiality agreement through financial advisors, as per an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 12:27 pm

SLNH

Soluna Holdings, Inc. (SLNH) announced that its Project Dorothy 2, a 50 MW data center co-located at a wind farm in Texas, has passed the ERCOT modeling phase. This marks a significant step towards finalizing financing and starting the bidding process for the project's expansion. Project Dorothy 2, focusing on Bitcoin hosting and AI, is expected to generate up to $14 million in additional annual operating profits and boasts a low carbon footprint. The project is now moving towards finalizing construction costs and financing options.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 12:14 pm

SXTP

60 Degrees Pharmaceuticals, Inc. (NASDAQ:SXTP, SXTPW) announced the FDA's intention to respond to its babesiosis trial protocol submission in April 2024, a delay from the initially anticipated March 2024. The submission falls under the Company's existing Investigational New Drug application, which does not mandate a response within a specific timeframe. The Company continues to prepare for a June 1, 2024, trial start date.

Portfolio Pulse from Happy Mohamed

March 14, 2024 | 12:07 pm

KROS

Keros Therapeutics has received FDA Fast Track Designation for KER-050, aimed at treating lower-risk Myelodysplastic Syndromes. This designation is expected to expedite the development and review process for KER-050, potentially bringing it to market more quickly.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 12:03 pm

AAPL

Apple Inc.'s iOS 17.4 update, in compliance with the EU's Digital Markets Act, has led to a significant increase in users for Mozilla Firefox and Brave browsers in the EU. Firefox saw a more than 50% rise in users in Germany and a nearly 30% increase in France. Brave also experienced a surge in users after the update allowed for the selection of default browsers. The update introduced changes like alternative app marketplaces and third-party browser engine support, exclusively in the EU.

Portfolio Pulse from Ananya Gairola

March 14, 2024 | 12:02 pm

MIRM

Mirum Pharmaceuticals' shares surged following the FDA's approval of LIVMARLI oral solution for treating cholestatic pruritus in patients aged five and older with progressive familial intrahepatic cholestasis. Additionally, HC Wainwright reaffirmed a Buy rating on MIRM and increased its price target from $45 to $58.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 11:54 am

LAC

Lithium Americas' stock is up following the announcement of a conditional $2.26 billion loan from the U.S. Department of Energy. This loan, part of the Advanced Technology Vehicles Manufacturing Loan Program, is aimed at financing the construction of processing facilities at Thacker Pass, Nevada.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 11:45 am

PROP

Prairie Operating has received approval from the Colorado Energy and Carbon Management Commission for its Genesis I Oil & Gas Development Plan. This marks a significant step forward for the company's operations in the region.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 11:33 am