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GOOG

GOOGL

Alphabet Inc's Waymo has achieved significant milestones this year, including providing over 700,000 autonomous rides and expanding its operation areas. The co-CEOs highlighted the safety of Waymo Driver, which was involved in fewer crashes compared to human drivers. Despite industry challenges, including calls for federal regulation and a recent accident involving a Cruise AV, Waymo's performance in terms of miles traveled before a crash surpasses that of Cruise and the average human driver.

Portfolio Pulse from Anan Ashraf

December 23, 2023 | 5:51 am

COIN

MSTR

Bitcoin's market cap has increased by 160% in 2023, adding $530 billion, fueled by investor optimism over potential U.S. approval of a Bitcoin ETF. Michael Saylor of MicroStrategy predicts a 'demand shock' if the ETF is approved. Despite challenges in the crypto space, Bitcoin's performance has surpassed global stocks and gold, and companies like Coinbase have seen significant gains. Bitcoin derivatives activity has increased, but the daily value of Bitcoin trades has fallen since last April.

Portfolio Pulse from Ananya Gairola

December 23, 2023 | 5:14 am

BLK

Bitwise and Hashdex have launched advertisements for their Spot Bitcoin ETFs, signaling confidence in potential SEC approval. Bitwise's ad features actor Jonathan Goldsmith, while Hashdex's ad uses a dump truck to differentiate crypto from other assets. The SEC's decision window is from Jan. 5 to Jan. 10, 2024. Samson Mow of JAN3 emphasized the importance of marketing for ETF issuers to grow assets and customer base. Speculation about future ads from BlackRock with Novak Djokovic and a Fidelity Super Bowl ad with Michael Saylor was also mentioned. Crypto analyst Kashif Raza noted the intense competition among Bitcoin Spot ETFs.

Portfolio Pulse from Khyathi Dalal

December 22, 2023 | 10:00 pm

SONN

Sonnet Biotherapeutics Holdings Inc has filed with the SEC to offer a mixed shelf of up to $100 million. This filing allows the company to issue various types of securities in one or more separate offerings over time.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 9:38 pm

GURE

Gulf Resources, Inc. (GURE) has been instructed by the government of Shouguang City to temporarily close its bromine and crude salt facilities from December 25, 2023, to February 20, 2024. This closure is part of the government's efforts to reduce winter air pollution and improve brine resource efficiency. The closure will result in a temporary halt in production, with an additional 15 days of production in Q4 2023 compared to the previous year, but a loss of 19 days in Q1 2024. The company notes that bromine sales typically slow in winter due to the Chinese New Year holidays.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 9:33 pm

COP

ConocoPhillips (NYSE:COP) has decided to proceed with the Willow project in Alaska, following a Final Investment Decision and support from the Department of the Interior and court orders. The project is expected to generate significant revenue and reduce U.S. dependence on foreign energy. It will create jobs and has been designed with environmental considerations and local community input.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 9:32 pm

DSS

DSS, Inc. (NYSE: DSS) has announced a 1-for-20 reverse stock split effective January 4, 2024, to comply with NYSE American listing requirements. The split will trade on a post-split basis starting January 5, 2024. The reverse split aims to address the low share price issue and maintain the company's listing. All shareholders will be affected uniformly, and no fractional shares will be issued. Equiniti Trust Company, LLC will provide instructions for exchanging stock certificates.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 9:32 pm

EEX

INNPF

LOWLF

MEDIF

OGI

TCNNF

The cannabis industry is experiencing significant leadership changes as we head into 2024. The Indigenous Cannabis Industry Association (ICIA) hosted a roundtable to discuss hemp and cannabis regulation. Emerald Holding, Inc. (NYSE:EEX) promoted Emilie Lewis to oversee marketing for Marijuana Business Daily. MediPharm Labs Corp. (OTCQB:MEDIF) announced the resignation of board member Miriam McDonald. Lowell Farms Inc. (OTCQX:LOWLF) reported the departure of board member Brian Shure. Trulieve Cannabis Corp. (OTCQX:TCNNF) named Wes Getman as its new CFO, and Organigram Holdings Inc. (NASDAQ:OGI) appointed Greg Guyatt as CFO. Innocan Pharma Corporation (OTCQB:INNPF) established a team for FDA submission for its LPT CBD platform.

Portfolio Pulse from Jelena Martinovic

December 22, 2023 | 9:31 pm

CCCC

Commodore Capital LP has filed a 13G form with the SEC, revealing a 7.7% passive stake in C4 Therapeutics as of December 14.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 9:28 pm

COOL

Corner Growth Acquisition Corp. received a notice from Nasdaq on Dec 18 stating that its securities are subject to suspension and delisting unless the company requests a hearing before a panel. The company has timely requested such a hearing to ask for more time to complete a business combination, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 9:27 pm