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AFIB

Acutus Medical's stock is trading higher following the grant of European patent EP3043701, which covers devices and methods for determining electrical dipole densities on cardiac surfaces, a technology that can be used for diagnosing tissue health.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 3:52 pm

META

Meta Platforms Inc. (NASDAQ:META) announced the establishment of a new $800 million data center campus in Jeffersonville, Indiana. The facility will support 100 operational jobs and over 1,250 construction jobs at peak. The data center, expected to be operational in 2026, will be Meta's 18th in the U.S. and 22nd globally. It will be powered by 100% renewable energy and aims for LEED Gold certification. Indiana has committed a 35-year term data center sales tax exemption for Meta, with potential extensions based on additional investments.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 3:49 pm

ALK

BA

Alaska Air Group Inc (ALK) reported Q4 operating revenue of $2.55 billion, a 3% Y/Y increase, and adjusted EPS of $0.30, beating estimates. The company is inspecting its Boeing 737 MAX 9 fleet and expects a $150 million earnings hit in 2024 due to the grounding incident. Alaska Air's 2024 earnings guidance of $3-$5 per share is below the consensus of $4.85, factoring in the impact of the Boeing fleet grounding. ALK shares rose 3.21% to $36.97.

Portfolio Pulse from Vandana Singh

January 25, 2024 | 3:38 pm

BA

Boeing's stock (BA) is trading lower following the FAA's decision to halt the expansion of 737 MAX production, indicating regulatory concerns that could affect the company's output and financial performance.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 3:24 pm

NVDA

TSM

Nvidia Corp (NVDA) stock is experiencing an uptick due to the ongoing artificial intelligence (AI) boom, with its market value significantly increasing over the past year. Nvidia has been adapting to U.S. restrictions by creating compliant semiconductors for the Chinese market. Nvidia CEO Jensen Huang met with Taiwan Semiconductor Manufacturing Co (TSM) executives to discuss AI chip supply, which is crucial given TSMC's role as a key producer of Nvidia's chips. Analysts remain bullish on Nvidia, citing its leadership in GPU and chip supply and its potential in various sectors including AI, gaming, automotive, and data centers. Nvidia's stock rose 218% last year and was up 1.69% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

January 25, 2024 | 3:15 pm

CWBHF

GTBIF

SHWZ

Colorado lawmakers introduced a bipartisan measure to simplify cannabis regulations, including eliminating mandatory Aspergillus fungus testing. The bill also addresses labeling mandates, allows dispensaries to sell non-cannabis consumable goods, and extends licensure from one to two years. Publicly traded companies in Colorado like Green Thumb Industries, Schwazze, and Charlotte’s Web Holdings could be affected. Curaleaf Holdings exited Colorado last year.

Portfolio Pulse from Jelena Martinovic

January 25, 2024 | 3:11 pm

VUG

Rep. Blake Moore from Utah reported purchasing Vanguard Growth ETF (VUG) stock valued between $102,003 and $280,000 on January 24, 2024. The shares of VUG were trading up 0.31% at $323.67 at the time of the report. Congressional transactions are considered significant as they can indicate expectations about stock performance, but they are not the sole factor for investment decisions. The STOCK Act prevents Congress members from using non-public information for personal gain.

Portfolio Pulse from Benzinga Insights

January 25, 2024 | 3:05 pm

F

TSLA

Tesla, Inc. (TSLA) has been cleared by Norway's traffic safety regulator of any need for a recall of its S and X Model vehicles over suspension safety concerns. The decision was made after examining customer complaints about suspension component failures, which were deemed not to pose an unacceptable risk. The NPRA will continue to monitor the situation. Meanwhile, Tesla's Q4 revenue missed estimates, and its shares dropped by 9.30%. In contrast, Ford Motor Company (F) recalled 2.24 million vehicles due to trim retention clip issues.

Portfolio Pulse from Nabaparna Bhattacharya

January 25, 2024 | 2:48 pm

MINM

On January 22, 2024, Minim, Inc. entered into agreements with Motorola Mobility to transfer inventory and settle debts. Additionally, Minim entered into a Securities Purchase Agreement with board member David Lazar to sell 2.8M shares of preferred stock at $1.00 each. The agreements with Motorola aim to streamline operations and reduce liabilities. The sale of preferred stock to Lazar includes conversion rights to common stock, voting rights, and full ratchet protection. Conditions for the sale include shareholder approval for a reverse stock split, an increase in authorized preferred stock, and changes to the company's Certificate of Incorporation and By-Laws.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 2:34 pm

FRSX

RVSN

Rail Vision, an affiliate of Foresight Autonomous Holdings (FRSX), has received approval and certifications for its Main Line System according to EU railway standards. This achievement marks a significant milestone for Rail Vision and could potentially open up opportunities for the system's deployment across European railways, enhancing safety and efficiency.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 2:18 pm