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Regulatory

XMTR

Eventide Asset Management, LLC has disclosed a 12.65% ownership stake in Xometry, Inc. as of October 31, 2023, according to a recent 13G filing with the SEC.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 8:11 pm

BACK

THER

Theralink Technologies, Inc. (THER) and IMAC Holdings, Inc. (BACK) have responded to the SEC's comments on their Form S-4, filed for their merger. The companies expect feedback from the SEC within 10 business days. The merger aims to create a proteomics company focused on cancer care and protein analysis, with a robust patent estate, certified lab, and reimbursement agreements, including with Medicare.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 8:06 pm

BLK

HOOD

The trend of retail investors shifting from day trading to long-term investing is highlighted at Benzinga’s Fintech Deal Day And Awards event. Webull's CEO, Anthony Denier, and other panel members observed an increase in long-term investment strategies among their users. Stephanie Guild of Robinhood Markets (HOOD) attributed this shift to the bear market conditions. Trading platforms are promoting financial literacy to foster this change, with MoneyLion (ML) involving professionals to demonstrate their investment strategies. BlackRock Inc (BLK) is collaborating with platforms to provide educational content and trading strategies.

Portfolio Pulse from Neil Dennis

November 13, 2023 | 7:41 pm

SPY

President Biden has not yet decided whether to veto the Stop-Sap Spending Bill, indicating he will wait to see the outcome of negotiator discussions.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 7:26 pm

SPY

STLA

TSLA

Senator Manchin has called for the U.S. Treasury to adopt the strictest standards for electric vehicle tax credits, aiming to prevent Chinese minerals from benefiting from subsidies. This could impact the sourcing strategies of U.S. automakers and potentially affect the competitiveness of their electric vehicles.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 7:12 pm

LLY

NVO

PFE

Pfizer Inc (PFE) is targeting the obesity pill market with its experimental drug, danuglipron, aiming for a $10 billion segment. Pfizer discontinued another candidate, lotiglipron, due to unsatisfactory Phase 1 results. Competitors Eli Lilly (LLY) and Novo Nordisk (NVO) have set high standards in the weight loss drug industry. Pfizer's upcoming phase two trial data for danuglipron is eagerly awaited by investors, with results expected by year-end for the twice-daily pill and early next year for a once-daily version. Despite a 40% share price drop, Pfizer's CEO sees a $90 billion market potential for GLP-1s. Analysts highlight the need for Pfizer's pill to achieve a 14%-15% weight loss to compete with Eli Lilly's product. PFE shares were down 1.44% at $29.06 on the last check Monday.

Portfolio Pulse from Vandana Singh

November 13, 2023 | 7:04 pm

MSOS

Republican presidential candidate Vivek Ramaswamy plans to remove federal restrictions on marijuana and psychedelics for veterans with PTSD if elected. He supports descheduling certain substances and has criticized federal prohibition on marijuana. Despite this, he voted against Ohio's state-level legalization due to conflicts with federal law and concerns over federal power overreach. His stance has been seen as inconsistent, especially with his proposal to expand the DEA while reducing other federal agencies.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 6:26 pm

ETHUSD

On Sunday, 5,963.58 Ether (ETH) valued at $12.4 million was burned due to the EIP-1159 upgrade implemented on the Ethereum blockchain, which introduced a variable base fee for transactions that is permanently removed from circulation. This event contributes to the deflationary aspect of Ethereum, especially in anticipation of the Ethereum 2.0 upgrade, which is expected to further reduce the issuance rate of new Ether.

Portfolio Pulse from Benzinga Insights

November 13, 2023 | 6:00 pm

TSLA

TSLL

TSLS

Tesla, Inc (TSLA) saw its stock rise over 4% on reports that India may cut taxes on EV imports, potentially encouraging Tesla to enter the Indian market and build a manufacturing facility. The stock regained the 200-day SMA, a key technical indicator, suggesting a possible new bull cycle. Direxion Daily Tesla Bull 1.5X Shares (TSLL) offers 150% leverage to play Tesla's upside, while Direxion Daily Tesla Bear 1X Shares (TSLS) offers inverse tracking for bearish bets.

Portfolio Pulse from Melanie Schaffer

November 13, 2023 | 5:59 pm

RACE

Ferrari plans to hire 250 new employees in the first half of 2024 and launch a broad-based share ownership plan for its 5,000+ employees, starting in Italy. The plan includes a one-off grant of shares and additional shares after 36 months. Ferrari also renewed its Competitiveness Award agreement, allowing employees to convert part of the award into company shares. The company is committed to sustainability by including an ESG indicator in the award calculation. Additionally, Ferrari is expanding its health and parenting support initiatives, including free annual medical check-ups and extended support for parents.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 5:51 pm