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APRN

CAPR

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NVOS

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Several stocks experienced significant price movements in Friday's mid-day trading session. Blue Apron Holdings (APRN) surged 133.5% after announcing an acquisition agreement with Wonder Group. OpGen (OPGN) jumped 109% after requesting to withdraw its registration statement. Novo Integrated Sciences (NVOS) gained 66.3% after signing a $1 billion Master Collateral Transfer Agreement with Blacksheep Trust. SeaStar Medical Holding (ICU) rose 35% after being granted Breakthrough Device Designation by the FDA. On the downside, The Glimpse Group (VRAR) dipped 42.5% after reporting a wider FY23 loss, and Capricor Therapeutics (CAPR) fell 41.4% after announcing a $23 million registered direct offering.

Portfolio Pulse from Lisa Levin

September 29, 2023 | 6:10 pm

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A total of 2,471.18 Ether (ETH) worth $4,108,927 was burned from Ethereum transactions on Thursday. This follows the implementation of the Ethereum improvement proposal EIP-1159, which changes the fee model and burns a base fee from each transaction, permanently removing it from circulation. Ethereum is currently issuing new Ether at a rate of 4% per year, expected to decrease to around 0.5-1% with the Ethereum 2.0 upgrade. The net annualized issuance rate for Ether was -0.22% yesterday.

Portfolio Pulse from Benzinga Insights

September 29, 2023 | 6:00 pm

BJ's Wholesale Club has agreed to pay a $9 million civil penalty for failing to immediately report portable air conditioners that posed burn and fire hazards.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 5:55 pm

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The White House has announced that President Biden will stay in Washington over the weekend and will remain in contact with Congressional leaders.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 5:19 pm

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White House Budget Director Young estimates that the government shutdown will impact GDP by 0.1-0.2%, but expects this to be made up in the next quarter. An uptick in Biden's dialogue with Congress is also expected.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 5:11 pm

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NVIDIA Corporation's stock rose by about 2% on Friday following the release of core Personal Consumption Expenditure data. However, the company is under investigation by French officials for potential anticompetitive practices. Technical indicators suggest a retracement could be on the horizon. The AXS 1.25x NVDA Bear Daily ETF (NVDS), which tracks 125% of the opposite daily performance of NVDA, offers a way to play Nvidia bearishly.

Portfolio Pulse from Melanie Schaffer

September 29, 2023 | 4:57 pm

PIXY

Trading of ShiftPixy shares has been temporarily halted due to pending news.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 4:55 pm

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The potential government shutdown on Oct. 1 could disrupt operations in education and research institutions, with halted federal funding impacting students and research projects. Universities and colleges, particularly those reliant on federal funds, could face disruptions in daily operations and long-term projects. The Department of Education could see more than 90% of its staff furloughed, causing delays on planned regulatory actions and negotiations over student loan forgiveness. The S&P 500 (NYSE:SPY) has historically made gains in past government shutdowns, but stocks and ETFs related to education and research sectors could see some volatility.

Portfolio Pulse from AJ Fabino

September 29, 2023 | 4:52 pm

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U.S. Secretary of State Blinken has warned that a government shutdown would significantly impact their work and has urged Congress not to proceed with this step.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 4:51 pm

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Federal Reserve's John Williams has indicated that there are ample signs that inflation pressures are waning, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 4:49 pm