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SVRE

SaverOne has announced the withdrawal of its proposed public offering, citing current market conditions as the reason for this decision. The company had previously planned to raise capital through a public offering but has now decided against it due to unfavorable market conditions.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 6:38 am

ETH-USD

Ethereum co-founder Vitalik Buterin expressed concerns about the potential existential risks posed by superintelligent AI, comparing its worst-case scenario to climate change, pandemics, or nuclear war. He emphasized the importance of preserving human traits and agency in a future with AI. Buterin also mentioned his fears of cryptocurrency stagnation and AI dangers during an AMA on Farcaster. Ethereum's price was slightly down at the time of reporting.

Portfolio Pulse from Mehab Qureshi

November 28, 2023 | 6:32 am

SNES

SenesTech, Inc. (NASDAQ:SNES) has announced the pricing of a public offering of 3,846,154 common shares and accompanying Series D and Series E warrants at $1.30 per share and associated warrants. The Series Warrants are exercisable immediately upon issuance at the same price of $1.30 per share.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 6:25 am

NAK

Northern Dynasty Minerals Ltd. faces another setback as the Alaska District of the US Army Corps of Engineers receives a sixth extension to review the company's Pebble Project. This delay could impact the timeline for the project's potential approval and development.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 6:21 am

BEDU

Bright Scholar Education (NYSE:BEDU) reported a Q4 adjusted EPS loss of $(0.52), a slight decrease from $(0.49) YoY. However, sales increased by 28.70% to $77.12M from $59.92M YoY.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 6:12 am

ARKF

COIN

HOOD

Ark Investment Management, led by Cathie Wood, adjusted its crypto-linked stock holdings by purchasing shares of Robinhood Markets, Inc. (HOOD) and selling shares of Coinbase Global, Inc. (COIN). The Ark Fintech Innovation ETF (ARKF) bought 143,063 shares of HOOD and sold 43,956 shares of COIN. Despite the sale, COIN remains ARKF's top holding, while HOOD is the 11th largest. The transactions occurred amid volatility in the cryptocurrency market and speculation about the approval of a Bitcoin ETF.

Portfolio Pulse from Shanthi Rexaline

November 28, 2023 | 6:01 am

BBY

QCOM

SSNLF

Best Buy Co Inc. (NYSE:BBY) is offering a $800 discount on the Samsung Galaxy Z Fold 5, bringing the price down to $1,000. Samsung Electronics Co Ltd. (OTCPK: SSNLF) has its latest flagship foldable smartphone available in a 12GB RAM and 256GB storage configuration, specifically in cream color. An additional $435 trade-in discount can reduce the price further to $565. The device features a Snapdragon 8 Gen 2 chipset from Qualcomm Inc. (NASDAQ:QCOM), a 7.6-inch main display, multiple cameras, and supports both wired and wireless charging.

Portfolio Pulse from Rounak Jain

November 28, 2023 | 5:39 am

BYDDF

TSLA

Bernstein analysts have expressed skepticism about Tesla Inc.'s (NASDAQ:TSLA) high market valuation compared to BYD Co Ltd (OTC:BYDDF), especially given the companies' similar financials. Tesla's market cap is approximately $730 billion, despite a decline in earnings, while BYD, with profits doubling, is valued at $84 billion. Bernstein set a $150 price target for Tesla, suggesting a 40% drop, and a $46 target for BYD, indicating a 60% increase. They believe the valuations of Tesla and BYD will likely converge in the future.

Portfolio Pulse from Benzinga Neuro

November 28, 2023 | 5:24 am

BBJP

DXJ

EWJ

The Bank of Japan's Core Consumer Price Index (CPI) rose by 3% year-over-year, which is lower than the estimated 3.4% and equal to the prior figure of 3.4%. This indicates a stabilization in inflation rates, which could impact investor sentiment regarding Japanese markets and related ETFs.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 5:21 am

TSLA

Tesla Inc (NASDAQ:TSLA) has made last-minute changes to the timing of its Cybertruck delivery event and briefly increased the reservation fee from $100 to $250 before reverting it, causing confusion among prospective buyers and investors. The event is now scheduled for 2 p.m. CT at Tesla's Gigafactory in Texas, an hour later than previously communicated by Tesla's VP of Investor Relations. Despite the confusion, interest in the Cybertruck remains high with net reservations surpassing two million.

Portfolio Pulse from Anan Ashraf

November 28, 2023 | 4:13 am