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Boeing shares fell 6.6% after an exit door blew out of a 737 aircraft, leading to the FAA grounding 171 jets. Other stocks also moved lower: Dada Nexus dropped 38.1% due to suspicious practices in revenue reporting; Solo Brands decreased 34.7% after cutting revenue guidance; Prothena fell 25.1% after program updates; Pacific Biosciences declined 15.1% with preliminary FY23 revenue announcement; and Spirit AeroSystems dropped 6.5% as it was involved with the faulty door on the Boeing aircraft.

Portfolio Pulse from Avi Kapoor

January 08, 2024 | 4:46 pm

BLK

A fee war has erupted among Bitcoin ETF applicants as they lower their fees in anticipation of SEC decisions. BlackRock initiated the trend with a 0.20% fee for the first year or until $5 billion in assets, followed by ARK21 and others. The fee reductions are seen as a strategy to attract the first wave of customers, with expectations of high demand. Some speculate that Bitcoin ETFs could challenge cryptocurrency exchanges by offering lower fees. BlackRock is rumored to have over $2 billion in potential inflows for the first week, which could make it one of the most successful ETF launches ever.

Portfolio Pulse from Khyathi Dalal

January 08, 2024 | 4:14 pm

BSGM

BioSig Technologies received a letter from Nasdaq on January 5th indicating that the company has regained compliance with Nasdaq Listing Rule 5550(b)(2), according to a recent SEC filing.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 4:04 pm

SPY

The White House has announced a bipartisan funding agreement that could help the U.S. avoid a government shutdown. This development is seen as a positive step towards maintaining government operations and avoiding the economic disruptions that a shutdown could cause.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 3:54 pm

BTCUSD

Gary Gensler, the chair of the SEC, has posted a thread on X discussing key considerations for potential investors in crypto assets. He likely provided insights into the risks and regulatory aspects associated with investing in cryptocurrencies.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 3:44 pm

SPY

President Joe Biden is not considering the dismissal of Defense Secretary Lloyd Austin, despite Austin's failure to inform the White House about his emergency hospitalization. Senior administration officials have stated that Biden would not accept Austin's resignation if offered and emphasized Biden's loyalty and preference for continuity in his cabinet. The support for Austin remains strong even amid Republican calls for his firing, following his hospitalization at Walter Reed National Military Medical Center due to complications from an undisclosed surgery.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 3:40 pm

PFE

The European Commission has approved Pfizer's TALZENNA in combination with XTANDI for treating adult patients with metastatic castration-resistant prostate cancer (mCRPC) where chemotherapy is not clinically indicated. This makes TALZENNA the first and only PARP inhibitor approved in the EU for use with XTANDI for mCRPC patients. The approval is based on the Phase 3 TALAPRO-2 trial results, which showed a significant reduction in disease progression or death risk. TALZENNA is also approved in the U.S. for mCRPC in combination with XTANDI.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 3:35 pm

PTN

Palatin Technologies, Inc. provided a corporate update, highlighting its strategic priorities for 2024, including clinical development milestones. The company completed the sale of Vyleesi to Cosette Pharmaceuticals for up to $171 million, with $12 million upfront and up to $159 million in sales-based milestones. Palatin is focusing on melanocortin receptor system modulators, with Phase 3 data for Dry Eye Disease expected in early Q1 2024, Phase 2 data for Ulcerative Colitis in Q1 and Q2 2024, and Phase 2 studies for obesity and male sexual dysfunction starting in Q1 2024.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 3:34 pm

BA

Boeing has shared inspection criteria for the Max 9 aircraft with airlines, providing them with instructions on how to inspect their fleets. This information, reported by Reuters, is crucial for airlines to ensure the safety and airworthiness of their Boeing Max 9 planes.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 3:27 pm

LAES

WKEY

WISeKey International Holding Ltd. (WKEY) and its subsidiary SEALSQ Corp (LAES) will showcase their security services and semiconductors at CES 2024. They will focus on compliance with the Matter Protocol for smart homes, the US Cyber Trust Mark, and solutions for the Electric Vehicle charging market. SEALSQ offers Device Attestation Certificates and FIPS Certified Secure Elements compatible with Matter Protocol. WISeKey's Root CA is approved by the CSA for Matter device attestation. SEALSQ also provides services for IoT manufacturers to comply with the US Cyber Trust Mark. WISeKey has an install base of over 1.5 billion microchips and offers secure authentication and identification for IoT, Blockchain, and AI.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 3:09 pm