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MARA

Marathon Digital's stock (MARA) is experiencing an uptick due to a significant increase in Bitcoin's value over the weekend.

Portfolio Pulse from Luke J Jacobi

December 04, 2023 | 1:34 pm

EQH

Equitable Holdings, Inc. (EQH) shares are trading higher following the announcement that the company will be included in the S&P MidCap 400 index.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 1:33 pm

ALK

HA

Alaska Air Group Inc (ALK) shares dropped over 12% following the announcement of a $1.9 billion acquisition deal with Hawaiian Holdings Inc (HA), which includes $0.9 billion of HA's net debt. The deal values HA at $18.00 per share and is expected to generate significant synergies and earnings accretion for Alaska Airlines. The merger will expand the fleet and destination network, with Honolulu becoming a key hub. The transaction is expected to close in 12-18 months, pending shareholder and regulatory approvals.

Portfolio Pulse from Lekha Gupta

December 04, 2023 | 1:30 pm

SPOT

Spotify's stock price is on the rise following an announcement of a reduction in its workforce.

Portfolio Pulse from Luke J Jacobi

December 04, 2023 | 1:29 pm

EYPT

EyePoint Pharmaceuticals Inc (NASDAQ:EYPT) reported positive topline results from its Phase 2 DAVIO 2 trial for EYP-1901, a treatment for wet age-related macular degeneration. The trial met its primary endpoint, showing statistical non-inferiority to aflibercept control and a favorable safety profile. Both doses tested reduced treatment burden by over 80% and maintained strong anatomical control. The company plans to initiate further trials in 2024. EYPT shares surged 288.8% in premarket trading.

Portfolio Pulse from Vandana Singh

December 04, 2023 | 1:29 pm

MMAT

Meta Materials Inc. (MMAT) has announced a registered direct offering of 75 million shares at $0.08 per share, with accompanying warrants to purchase an additional 75 million shares at $0.095 each. The offering is expected to raise $6 million before fees and expenses. The proceeds will be used for technology commercialization and sales efforts, as well as general corporate purposes. The closing is anticipated on December 6, 2023, with A.G.P./Alliance Global Partners as the placement agent.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 1:24 pm

COIN

Coinbase shares are experiencing an uptick due to a significant increase in Bitcoin's value over the weekend.

Portfolio Pulse from Luke J Jacobi

December 04, 2023 | 1:23 pm

TPL

The Delaware Court of Chancery ruled in favor of Texas Pacific Land Corporation (TPL) in a litigation against Horizon Kinetics LLC and others regarding a stockholders' agreement. The court decided that the Investor Group should have voted with the TPL Board's recommendation on a proposal to increase the number of authorized shares of common stock. This ruling means the proposal is deemed approved, allowing TPL to proceed with a stock split in the form of a stock dividend once an amended charter is filed.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 1:21 pm

UBER

Uber shares have risen following the announcement that the company will be included in the S&P 500 index, signaling increased investor confidence and mandatory buying from index funds.

Portfolio Pulse from Luke J Jacobi

December 04, 2023 | 1:20 pm

JNJ

Johnson & Johnson (NYSE:JNJ) is experiencing a leadership transition after the unexpected exit of Ashley McEvoy, former head of the medical device unit. Jennifer Taubert and CFO Joseph Wolk are now the top contenders for the CEO position. The current CEO, Joaquin Duato, took over in 2021, and there is speculation about a potential leadership change in the next 3-5 years. McEvoy's departure has led to Tim Schmid taking over her role, making him a possible future candidate for CEO. JNJ shares saw a slight decline in premarket trading.

Portfolio Pulse from Vandana Singh

December 04, 2023 | 1:18 pm