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AAPL

MSFT

NVDA

Microsoft Corporation (MSFT) has surpassed Apple Inc (AAPL) to become the world's most valuable public company, with a market capitalization of $2.86 trillion. Microsoft's growth has been fueled by its investments in artificial intelligence and strong earnings, with a 13% revenue increase year-over-year in Q1. Apple, now valued at $2.85 trillion, has seen its shares struggle recently due to concerns over iPhone 15 demand and potential issues in China. NVIDIA Corporation (NVDA) also reached a $1 trillion market cap, driven by its AI sector performance.

Portfolio Pulse from Chris Katje

January 11, 2024 | 3:35 pm

MNMD

Mind Medicine has filed a U.S. patent application (No. 20240010628) for the methods of manufacture of R-MDMA. This filing could potentially strengthen the company's intellectual property portfolio and provide a competitive edge in the development of therapeutic products based on R-MDMA.

Portfolio Pulse from Charles Gross

January 11, 2024 | 3:16 pm

ALK

BA

EADSY

UAL

Boeing's 737 Max 9 (NYSE:BA) fleet is grounded again, affecting airlines United (NASDAQ:UAL) and Alaska (NYSE:ALK). This adds to Boeing's struggles since the market crash during Covid and the previous global grounding after two fatal crashes in 2019. Boeing's CEO emphasized the need for quality over quantity in an all-hands meeting. The FAA has rejected Boeing's inspection standards proposal, and the planes will remain grounded until new standards are set. Boeing's stock may dip further, but a successful resolution could make it a buy. Airbus (OTC:EADSY) stands to benefit if Boeing fails to resolve its issues as airplane demand grows.

Portfolio Pulse from Thrash Capital

January 11, 2024 | 3:13 pm

SAP

SAP SE (NYSE:SAP) has agreed to pay over $220 million to settle U.S. DOJ and SEC investigations for FCPA violations involving bribery in Indonesia and South Africa. The company entered a three-year deferred prosecution agreement and will release Q4 earnings on January 24, 2024. SAP shares are up by 0.55% at $156.70.

Portfolio Pulse from Lekha Gupta

January 11, 2024 | 3:13 pm

XOSWW

Trading on the stock XOSWW has been halted at 10:09:28 a.m. ET due to pending news. The halt is in place to manage market orderliness and investor protection pending the release of material news.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 3:09 pm

XOS

Trading on the stock of XOS, Inc. was halted at 10:09:28 a.m. ET due to pending news. The halt is in place to manage market orderliness and ensure a fair and orderly market in anticipation of significant news that could affect the stock price.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 3:09 pm

SOLO

Trading for the stock of Electrameccanica Vehicles Corp. (SOLO) has been halted at 10:09:28 a.m. ET due to pending news. The halt is in place to ensure a fair and orderly market in light of undisclosed news that could affect the company's stock price.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 3:09 pm

CGTX

Cognition Therapeutics has filed a U.S. patent application for compositions aimed at treating dry age-related macular degeneration (AMD). The patent application number is 20240009. This could potentially strengthen the company's intellectual property portfolio and provide a competitive edge in the treatment of AMD.

Portfolio Pulse from Charles Gross

January 11, 2024 | 3:07 pm

SRG

A study for the Mining Association of British Columbia (MABC) highlights the economic benefits of 16 proposed critical mineral mines in British Columbia, with a potential investment of C$36 billion, 300,000 person-years of employment, and C$11 billion in tax revenue. The province is a significant mining player, and these developments could position Canada as an alternative to Chinese rare minerals. However, concerns arise as Australian company Vital Metals sells a stake to Shenghe Resources, and SRG Mining Inc. may sell a stake to Carbon ONE New Energy Group, despite Ottawa's virtual ban on Chinese acquisitions of Canadian mining companies.

Portfolio Pulse from Stjepan Kalinic

January 11, 2024 | 2:46 pm

FFNW

Trading for FFNW was halted and then resumed at 9:45 AM ET, with updated quotation resumption times following the release of news.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 2:45 pm