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Regulatory

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The Justice Department has declared the termination of the JetBlue and Spirit Airlines merger as a victory for its efforts to protect American consumers. It emphasizes its commitment to vigorously enforcing the nation's antitrust laws.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 4:02 pm

NYCB

RNA

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TSLA

U.S. stocks were lower on Monday, with significant movements in several companies. Tesla's shares fell 5.4% due to a reported decline in China sales. Other notable movements include Avidity Biosciences dropping 16.6% after announcing trial data, New York Community Bancorp declining 13.6% due to identified material weaknesses, and Spirit Airlines dipping 12.1% after terminating its merger with JetBlue. Various other stocks also recorded losses.

Portfolio Pulse from Avi Kapoor

March 04, 2024 | 3:40 pm

QNRX

Quoin Pharmaceuticals, Ltd. (NASDAQ:QNRX) shares surged after announcing FDA clearance to include teens in Netherton Syndrome clinical trials. The news led to a significant increase in trading volume, with shares up 84% at $5.09.

Portfolio Pulse from Erica Kollmann

March 04, 2024 | 3:19 pm

Coca-Cola Company (NYSE:KO) reported its Q4 2023 earnings, showcasing resilience with an 8% earnings per share growth and a 12% organic revenue growth despite global challenges. The company achieved market share gains and benefited from its digital transformation and innovation. However, geopolitical tensions, inflation, and hyperinflation in certain markets posed challenges. The refranchising of bottling operations is expected to impact revenues and earnings in 2024 negatively.

Portfolio Pulse from Tornado

March 04, 2024 | 3:04 pm

DWAC

PHUN

SPY

The Supreme Court has ruled to place Donald Trump back on Colorado's GOP primary ballot, overturning a previous decision by Colorado's Supreme Court which had barred him due to his involvement in the Jan. 6, 2021, Capitol riot. This decision comes amidst ongoing legal battles in other states like Maine and Illinois, where Trump's eligibility is still under appeal.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 3:03 pm

AMD

DELL

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LNVGY

NVDA

Lenovo's Q3 fiscal results showed a 23% year-on-year profit drop to $340 million, despite sequential revenue growth. The company's future growth is pinned on AI PC models, amidst analyst skepticism and a bearish outlook on its server business. Lenovo plans significant R&D investment in AI, with two AI PC models launching soon. However, the global PC market's slow growth and potential U.S. restrictions on chip sales to China pose challenges. Competitors like Dell, Nvidia, and AMD could benefit from the AI PC trend.

Portfolio Pulse from The Bamboo Works

March 04, 2024 | 2:39 pm

NWGL

Nature Wood Group Limited (NWGL) anticipates a 75% revenue growth in FY24, expecting to reach $45M, up from $25.4M in FY23. This growth is attributed to new EU regulations favoring sustainably sourced wood, a market where NWGL, with its focus on FSC certified operations, holds a competitive advantage. The company also plans to expand its carbon credit projects globally, leveraging high-margin opportunities while supporting sustainability.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 2:32 pm

QNRX

Quoin Pharmaceuticals shares surged following the FDA's approval to include teenage subjects in its Netherton Syndrome clinical trials.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 2:31 pm

EPOW

Sunrise New Energy Co., Ltd. (NASDAQ:EPOW) announced its 'High-Energy Fast Charging Lithium Battery Graphite Anode Project' received approval from Guizhou Province's Department of Science and Technology. This project, part of the 'Industrialization of Advanced Scientific and Technological Achievements' plan, aims to enhance energy density, charging efficiency, and cycling performance of lithium batteries. The approval will provide additional funding and support, positioning EPOW as a leader in high-end battery graphite anode materials.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 2:28 pm

BARK

BARK Inc. has successfully regained compliance with NYSE listing standards, ensuring its continued listing on the exchange.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 2:02 pm