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Regulatory

ASLE

AerSale Corp (ASLE) shares surged after receiving an FAA Supplemental Type Certificate for its AerAware EFVS for Boeing's (BA) B737NG. AerAware is the first commercial EFVS to offer a 50% visual advantage and the first dual-pilot EFVS solution with a Head-Wearable Display. Developed under Boeing's license, AerAware enhances safety and efficiency, potentially reducing airline operating costs. ASLE's stock rose 11.93% to $15.95.

Portfolio Pulse from Shivani Kumaresan

December 07, 2023 | 2:56 pm

HTHIY

Hitachi (OTC:HTHIY) has issued the largest digital green bonds in Japan, totaling $68 million, with a coupon rate of 0.598%. Nippon Life Insurance purchased half of the offering. The bonds, which are part of Japan's move towards innovative issuance in the corporate debt market, will leverage the Green Tracking Hub to enhance transparency of environmental impacts. The hub is developed by Hitachi and JPXI, with blockchain support from BOOSTRY. Trading on the exchange is set to begin at the end of December.

Portfolio Pulse from Khyathi Dalal

December 07, 2023 | 2:38 pm

BTCUSD

ETHUSD

Bitcoin's value has risen by 15% due to anticipation of spot ETF approvals. The SEC's final deadline for rebuttal comments is Jan. 5, 2024, hinting at a possible approval soon after. The market is watching for the actual investment flows post-approval to determine Bitcoin's price direction. The symbolic date of Jan. 3, 2024, marks Bitcoin's 15th anniversary and could coincide with the approval. Thirteen applications for spot ETFs are in contention, with more traditional finance products related to Bitcoin and Ethereum being filed.

Portfolio Pulse from Murtuza Merchant

December 07, 2023 | 2:25 pm

AAPL

CRM

META

PLTR

TSLA

Bitcoin's bull run has led to a $2.6 billion loss for short sellers. SpaceX is negotiating an insider share sale at a $175 billion valuation. Sprinklr's earnings disappoint, while Ark Invest buys more Palantir stock. Crypto market shows mixed reactions post-jobs data. US and world economy reports indicate mixed sentiments. Tech companies like Apple and Meta are making AI advancements. Tesla faces accusations from a bear and launches new initiatives. McDonald's and Renault reveal new concepts, while GM's share buyback draws comparisons to BlackBerry. EU moves towards messaging app integration, and Meta enhances security. SpaceX's valuation talks and payload launch goals highlight space industry developments.

Portfolio Pulse from Akanksha Bakshi

December 07, 2023 | 2:21 pm

TCNNF

The DEA has issued warnings to pharmacies in Georgia that dispensing medical marijuana, specifically THC oil, violates federal law. Despite the Georgia Board of Pharmacy's recent allowance for independent pharmacies to dispense THC oils, the DEA's memo clarifies that marijuana and THC are Schedule 1 controlled substances and cannot be lawfully handled by DEA-registered pharmacies. SAM, an organization opposing marijuana legalization, praised the DEA's stance. Meanwhile, the federal government's position on marijuana may be shifting, as Health and Human Services recommended reclassifying marijuana to a Schedule III Substance. Four companies recently received provisional licenses to produce low-THC oil in Georgia, joining the two existing licensed producers, including Trulieve Cannabis Corp (OTCQX:TCNNF).

Portfolio Pulse from Nina Zdinjak

December 07, 2023 | 2:20 pm

AAPL

BABA

BIDU

MSFT

NVDA

TCEHY

TSLA

Microsoft Corp's President Brad Smith met with China's Commerce Minister to discuss AI and trade, signaling potential cooperation between the U.S. and China. This follows a meeting between Presidents Biden and Xi Jinping. China is encouraging foreign enterprise services, with Microsoft expected to contribute to AI cooperation. U.S. tech firms face challenges due to technology tensions and export restrictions, notably Nvidia's AI chips. Despite this, recent visits by CEOs of Apple and Tesla to China indicate improving relations. Microsoft shares saw a slight premarket decrease.

Portfolio Pulse from Anusuya Lahiri

December 07, 2023 | 2:17 pm

ASLE

AerSale's stock is trading higher following the announcement that the FAA has granted a Supplemental Type Certificate for AerAware, the company's Enhanced Flight Vision System designed for the Boeing B737NG series.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 2:04 pm

LZM

Lifezone Metals Limited (NYSE:LZM) announced a significant increase in resources at its Kabanga Nickel Project in Tanzania following successful drilling programs and updated mineralization interpretation. The Measured and Indicated Resources increased by 69%, and Inferred Resources by 20%. The company's CEO, Chris Showalter, highlighted the project's potential as a low-cost, long-life producer of nickel, copper, and cobalt, essential for the green energy transition. The Definitive Feasibility Study is expected to be completed by Q3 2024.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 1:47 pm

BCLI

BrainStorm Cell Therapeutics Inc. (NASDAQ:BCLI) announced a productive meeting with the FDA regarding NurOwn, its ALS treatment. The meeting focused on a Special Protocol Assessment (SPA) for a Phase 3b trial, aiming to secure FDA agreement on trial design elements critical for future marketing approval. BrainStorm will submit documentation for the SPA, and the company's CEO expressed commitment to advancing NurOwn's regulatory path.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 1:41 pm

GDOT

MSFT

PYPL

The fintech industry anticipates significant changes in 2024, with AI integration in financial services, expansion of banking-as-a-service (BaaS), preparation for Payment Services Directive 3 (PSD3), and increased regulatory scrutiny following the collapse of Silicon Valley Bank. Companies to watch include Microsoft in partnership with OpenAI for AI advancements, Green Dot Corporation for BaaS, and Mastercard and PayPal regarding PSD3.

Portfolio Pulse from Neil Dennis

December 07, 2023 | 1:41 pm