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BK

COIN

Swiss asset management firm Pando Asset AG has filed an S-1 registration statement for a spot Bitcoin ETF, aiming to list it on Nasdaq under the symbol PBC. The Bank of New York Mellon (BK) is to be the administrator, while Coinbase (COIN) is the custodian. Pando acknowledges competitive risks, including the potential for inadequate liquidity and the challenge of accumulating significant assets. The SEC has over 10 pending Bitcoin ETF applications from companies like BlackRock (BLK), Fidelity, and Ark Invest.

Portfolio Pulse from Murtuza Merchant

November 30, 2023 | 12:49 am

BRK.A

Following the death of Charlie Munger, Berkshire Hathaway's Vice Chairman known for his disdain for cryptocurrencies, a meme coin named MUNGER was launched and saw a 31,500% increase immediately after its debut on Uniswap. The coin surged 191% in the past 24 hours but also experienced a 50% drop in the past 6 hours. The trading volume reached $3.61 million with a market cap of $73.45K. Such meme coins often capitalize on trending news but are highly speculative and risky, as creators may pull liquidity, leaving investors with worthless assets.

Portfolio Pulse from Khyathi Dalal

November 30, 2023 | 12:28 am

VSCO

Victoria's Secret & Co. (NYSE:VSCO) reported Q3 losses of 86 cents per share, missing analyst estimates and marking a significant decrease from the previous year. Sales also fell short of expectations. Despite this, the company saw positive early holiday sales trends and expects Q4 net sales to increase by 2% to 4%. The CEO highlighted strong performance in North America and growth momentum outside of it, particularly in China. After the earnings report, VSCO shares dropped 1.19% in after-hours trading.

Portfolio Pulse from Ryan Gustafson

November 29, 2023 | 11:26 pm

BSBK

Bogota Financial Corp. has announced that Joseph Coccaro will retire as Director, President, and CEO effective November 30, 2023. Kevin Pace has been named as his successor. The transition is expected to take place smoothly with Pace taking over leadership roles.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 11:03 pm

AVGO

Broadcom Inc. (NASDAQ:AVGO) is exploring 'strategic alternatives' for two VMware business units following its $69 billion acquisition of VMware. CEO Hock Tan communicated this in a leaked email, stating that the End-User Computing and Carbon Black cybersecurity units will be reviewed. Despite supporting these units during the transition, past actions by Broadcom suggest potential spin-offs or sales. Post-acquisition changes include employee layoffs and the departure of top VMware executives. Broadcom's stock saw a slight increase in after-hours trading.

Portfolio Pulse from Ryan Gustafson

November 29, 2023 | 11:02 pm

DIS

Bob Iger, CEO of Walt Disney Company (NYSE:DIS), addressed various issues at the NYT DealBook Summit 2023. He discussed underperforming box office results, particularly citing 'The Marvels' and admitted that increasing Disney+ content was a mistake leading to diluted quality. Iger commented on the advertising pullout from Twitter, now known as X, due to Elon Musk's public positions. He walked back on asset sales, stating Disney's linear TV networks are not for sale. Iger also touched on the conflict with Florida Governor Ron DeSantis and the company's special district rights. He spoke about succession planning, ensuring a robust process, and mentioned the activist investor battle with Nelson Peltz. Disney announced the addition of James P. Gorman and Jeremy Darroch to its board of directors.

Portfolio Pulse from Chris Katje

November 29, 2023 | 10:40 pm

CRM

During a conference call, Salesforce reported that its Commerce Cloud platform processed nearly 50 million orders on digital storefronts with 100% uptime during Cyber Week.

Portfolio Pulse from Charles Gross

November 29, 2023 | 10:31 pm

FEBO

Fenbo Holdings has priced its initial public offering (IPO) of 1 million ordinary shares at $5.00 per share, aiming to raise total gross proceeds of $5 million. The shares have been approved for listing on the Nasdaq Capital Market and are expected to begin trading on November 30, 2023, under the ticker symbol 'FEBO'.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 10:29 pm

TMBR

Timber Pharmaceuticals announced the start of delisting proceedings from the NYSE American. Its common stock is expected to trade on the OTC market following the delisting.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 10:27 pm

ERJ

Porter Airlines has exercised purchase rights for an additional 25 Embraer E195-E2 jets, adding to their existing order of 50 jets. The deal is valued at $2.1 billion at list prices.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 10:25 pm