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Regulatory

BGC

BGC Group's shares have risen following the announcement that its FMX Futures Exchange has been approved by the Commodity Futures Trading Commission to operate an exchange for U.S. Treasury and SOFR futures.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 2:15 pm

AAPL

AMD

BAC

BTCUSD

BYDDY

NFLX

TCEHY

TTE

Bitcoin has plummeted below $39K, erasing gains since the US spot ETF launch. Shiba Inu's burn rate spikes, and analysts comment on crypto volatility. US stocks brace for earnings reports, with defensive stocks highlighted. JPMorgan is bearish on the S&P 500. US politics feature Trump's comments and potential UAW Biden endorsement. Russia-West tensions rise, and China's economy stumbles but still attracts investors. Apple faces criticism and rolls out updates, while AMD's future is uncertain. Tencent sees workforce cuts but shares surge. BYD challenges Tesla with new electric vehicles. Netflix's studio head departs, and Bank of America lays off bankers in Asia. TotalEnergies expands in offshore energy.

Portfolio Pulse from Akanksha Bakshi

January 23, 2024 | 2:15 pm

NVAX

Novavax has announced that its updated protein-based, non-mRNA COVID-19 vaccine is now available at vaccination centers in Taiwan. This marks a significant step for the company in expanding the global reach of its vaccine, which offers an alternative to mRNA vaccines.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 2:12 pm

LAES

SEALSQ Corp (NASDAQ:LAES) announced an initiative to decentralize global semiconductor manufacturing by creating Semiconductor Personalization Centers with Public-Private Partnerships and SEALCoins incentivization. The initiative aims to mitigate the global dependency on semiconductor manufacturing and address the threat quantum computing poses to cryptocurrencies. SEALSQ is negotiating projects in Europe, Middle East, and Far East to implement OSAT Centers using RISC-V technology. The company is allocating 100 million SEALCoins to back the production of 100 million Quasar post-quantum semiconductors. SEALSQ's initiative also includes secure elements, cryptographic keys, and hardware security modules, and is expected to bolster industries like automotive, aerospace, and healthcare. The company's involvement with IoT device manufacturers and the Matter Protocol is expected to increase semiconductor demand, with the smart home market projected to grow significantly.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 2:06 pm

EDBL

Edible Garden AG Incorporated has been granted U.S. Patent No. 11,830,088 B2 for its GreenThumb Greenhouse Agriculture System. The patent covers methods and systems for optimizing greenhouse farming, including planting, pesticide application, and harvesting. The system uses sensors and a proprietary learning engine to forecast crop availability and predict market demand, allowing for automated planting and harvesting instructions. This is the third patent for the GreenThumb system, and the company is also seeking a trademark for the system's name.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 2:03 pm

DTSS

Trading for DTSS was halted and then resumed at 8:55 AM ET, with updated quotation resumption times following the release of news.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 1:55 pm

MSFT

VGK

Microsoft's Bing search engine and Edge browser will not be subject to the European Union's new rules aimed at curbing the dominance of large digital companies. The EU's Digital Markets Act targets 'gatekeepers' that control data and platform access, but Bing and Edge do not meet the criteria for such designation due to their smaller market shares compared to rivals like Google.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 1:54 pm

NTES

NetEase shares are trading higher following the removal of draft rules by China's gaming regulator from its website. These rules were intended to limit spending and rewards that encourage video game playing, which could have negatively impacted gaming companies like NetEase.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 1:49 pm

NTES

TCEHY

China's gaming regulator has removed proposed video game rules from its website, leading to a rise in shares of gaming companies. The draft rules aimed to curb spending and rewards in video games, causing market turmoil when announced. The removal suggests potential revisions, with analysts expecting contentious articles to be changed or removed. Shares of Tencent Holdings and NetEase rose significantly, outperforming the Hang Seng Index.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 1:48 pm

INVO

Naya Biosciences is set to acquire Florida Biotechnologies for $20 million in shares of NAYA post-merger with INVO Bioscience. Florida Biotechnologies, which has developed a program in collaboration with the University of Miami's Bascom Palmer Eye Institute, is also eligible for an additional $5 million upon achieving certain milestones. NAYA is working on accelerating Phase II clinical development and Early Patient Access after initial safety was demonstrated in a 28-patient clinical trial. The company is also focusing on acquiring clinical and commercial assets in oncology, regenerative medicine, and fertility. The merger with INVO Bioscience is expected to close in the first quarter of 2024, following the recent filing of S-4 and joint draft proxy statements.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 1:47 pm