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META

Meta Platforms, Inc (NASDAQ:META) is launching a fact-checking feature on Threads to combat misinformation ahead of major elections in the U.S. and India. Instagram head Adam Mosseri announced that Threads will use fact-check ratings from Facebook and Instagram and plans to allow fact-checkers to rate misinformation directly on Threads. A new feature will let U.S. users adjust the visibility of fact-checked posts. Threads, which has historically not emphasized news content, will now engage more with news content by introducing tags and trending topics. Details about the fact-checking program are still pending. META shares are trading lower by 0.16% at $333.70 in premarket trading.

Portfolio Pulse from Anusuya Lahiri

December 13, 2023 | 12:45 pm

JNJ

PTGX

Protagonist Therapeutics received a $10M milestone payment from Johnson & Johnson after the third patient was dosed in the Phase 2b ANTHEM-UC trial of JNJ-2113 for moderate to severe active ulcerative colitis.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 12:42 pm

THTX

Theratechnologies announced that the FDA has approved a label update for Trogarzo to include a 2000-mg IV push loading dose. Trogarzo (ibalizumab-uiyk) is used in the treatment of HIV.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 12:33 pm

ABM

ADBE

NDSN

QQQ

REVG

SPY

TSLA

Stocks are poised for a modestly higher open as investors await the Federal Reserve's rate decision. The market anticipates rate cuts in early 2024, but there are doubts about the Fed reversing hikes soon. The November inflation report showed moderating pricing pressure, leading to gains in major averages, with the Dow Industrials, S&P 500, and Nasdaq Composite reaching their highest levels since early 2022. Small-cap stocks underperformed. The Fed is expected to maintain rates at 5.25%-5.50% through mid-2024. In premarket trading, SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ ETF (QQQ) saw gains. Tesla (TSLA) shares fell after a recall announcement. ABM Industries (ABM), REV Group (REVG), Adobe (ADBE), and Nordson Corporation (NDSN) are set to release quarterly results.

Portfolio Pulse from Shanthi Rexaline

December 13, 2023 | 12:27 pm

AAPL

ASML

SSNLF

TSM

ASML Holding and Samsung Electronics Co have announced a joint investment of 1 trillion South Korean won ($760 million) in a new semiconductor facility in South Korea. This move is part of a broader 'semiconductor alliance' between South Korea and the Netherlands, coinciding with South Korean President Yoon Suk-yeol's visit to the Netherlands. ASML, the only producer of EUV lithography machines used in advanced chip manufacturing, will also collaborate with SK Hynix on hydrogen gas recycling technology. The alliance aims to strengthen the global semiconductor supply chain amid geopolitical risks.

Portfolio Pulse from Anusuya Lahiri

December 13, 2023 | 12:17 pm

CLDI

Calidi Biotherapeutics presented a clinical study for NeuroNova in treating recurrent high-grade glioma at the Oncolytic Virotherapy Summit. The company also shared updates on its cell-based virotherapy platforms for advanced solid tumors.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 12:05 pm

BTCUSD

USDTUSD

El Salvador's National Bitcoin Office (ONBTC) expects its 'Freedom Visa' initiative, in collaboration with Tether, to be fully subscribed by the end of 2023. The program offers residency and citizenship for a $1 million donation in Bitcoin or Tether. The initiative could inject $1 billion into the Salvadoran economy annually, and the country's Bitcoin bond, the 'Volcano Bond,' is set to launch in Q1 2024.

Portfolio Pulse from Mehab Qureshi

December 13, 2023 | 11:46 am

TSLA

Tesla, Inc. (NASDAQ:TSLA) shares fell over 1% in premarket trading on concerns of missing Q4 delivery targets. The decline was influenced by lower-than-average weekly China insurance registration data and the exclusion of certain Model 3 variants from the $7,500 EV tax credit. Additionally, Tesla issued a recall of over 2 million vehicles over autosteer system concerns. The upcoming Federal Reserve decision may also affect market volatility.

Portfolio Pulse from Shanthi Rexaline

December 13, 2023 | 11:10 am

ABNB

Airbnb Ireland has reached a settlement with the Italian Revenue Agency, agreeing to pay 576 million euros. This settlement covers withholding tax obligations on host income, including taxes, interest, and penalties for the audited periods.

Portfolio Pulse from Charles Gross

December 13, 2023 | 11:09 am

BTCUSD

Bitcoin (BTC) has fallen below the $41,000 mark as the market anticipates the upcoming FOMC meeting and key November inflation data. Crypto analysts predict a challenging path ahead, with Ali highlighting support levels between $37,150 and $38,360, and resistance at $43,850 and $46,400. Another analyst, @JA_Maartun, identified support at $41,475 and $42,550. The recent bullish trend in crypto markets, including Bitcoin's rise above $44,000, was driven by factors such as potential approval of a spot Bitcoin ETF and the upcoming Bitcoin halving in mid-2024.

Portfolio Pulse from Mehab Qureshi

December 13, 2023 | 11:00 am