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ETH-USD

Binance suspended trading of the euro stablecoin AEUR after a surge in demand caused price deviations. The exchange will compensate affected users for losses incurred due to the unexpected rally. AEUR, backed 1:1 by reserves in Swiss FNMA-licensed banks, is minted on Ethereum and BNB Chain. The suspension includes AEUR/USDT, BTC/AEUR, ETH/AEUR, and EUR/AEUR pairs. Stablecoins face risks of price instability, with 609 depegs occurring in 2023. The SEC is monitoring stablecoin issuance by traditional companies in the U.S.

Portfolio Pulse from Khyathi Dalal

December 06, 2023 | 9:19 pm

ANIX

Anixa Biosciences, Inc. (NASDAQ:ANIX) is set to release new data from its ongoing Phase 1 breast cancer vaccine trial after a presentation at the 2023 SABCS. A conference call is scheduled for today at 6:30 p.m. ET to discuss the findings. The vaccine was first administered in 2021 to a Triple Negative Breast Cancer survivor. Key Opinion Leaders in oncology, including the inventor of Herceptin, Dr. H. Michael Shepard, and Dr. Brian Leyland-Jones, are advisors to Anixa and will participate in the call.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 9:19 pm

LIAN

LianBio's Board of Directors has unanimously decided not to pursue an unsolicited acquisition proposal from Concentra Biosciences. The offer was to acquire all LianBio equity for $4.30 per share in cash, plus a contingent value right. The Board believes the proposal undervalues the company and is not in the best interests of LianBio or its shareholders.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 9:17 pm

BNED

Barnes & Noble Education (NYSE:BNED) reported Q2 earnings with an EPS of $0.55, beating estimates by 27.91% but with a revenue decline of $6.72 million from the previous year. The company's past earnings performance shows inconsistency, with a miss on EPS last quarter leading to a 2.54% share price drop the following day.

Portfolio Pulse from Benzinga Insights

December 06, 2023 | 9:15 pm

BRZE

Braze (NASDAQ:BRZE) reported Q3 earnings with an EPS of $-0.05, surpassing the estimate of $-0.13 by 61.54%. Revenue increased by $30.83 million compared to the same period last year. In the previous quarter, a beat on EPS estimates resulted in a 3.13% share price increase the following day. Historical earnings performance shows consistent beats on EPS estimates.

Portfolio Pulse from Benzinga Insights

December 06, 2023 | 9:15 pm

BASE

Couchbase (NASDAQ:BASE) reported Q3 earnings with an EPS of $-0.08, beating estimates by 55.56% against an expected $-0.18. Revenue increased by $7.26 million compared to the same period last year. Following last quarter's earnings beat, Couchbase's share price rose by 19.52% the next day. Historical earnings and revenue figures were also provided for comparison.

Portfolio Pulse from Benzinga Insights

December 06, 2023 | 9:15 pm

BRZE

Braze (NASDAQ:BRZE) reported Q3 earnings with an adjusted loss of $(0.05) per share, surpassing the $(0.13) estimate, and sales of $123.96M, exceeding the $117.27M estimate. This reflects a 66.67% decrease in losses and a 33.11% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 9:14 pm

AMZN

GOOG

MSFT

NVDA

Amazon and Google are intensifying their efforts to challenge Microsoft's lead in the AI market. Amazon announced its new Q chatbot, the Trainium2 chip, and a strengthened partnership with Nvidia at its re:Invent conference. Google launched Gemini, a generative AI model that integrates multiple data types, aiming to surpass Microsoft-backed OpenAI's GPT-4. Both companies are positioning themselves to compete for AI market dominance in 2024.

Portfolio Pulse from Upwallstreet

December 06, 2023 | 9:11 pm

AAPL

DOGEUSD

SPY

TSLA

Dogecoin (CRYPTO: DOGE) has seen significant growth since its inception as a joke cryptocurrency. An investment of $1,000 in Dogecoin at the start of 2021 would be worth $17,343.89 today, a return of 1,634.4%. The article compares this with investments in SPDR S&P 500 ETF Trust (NYSE:SPY), Tesla Inc (NASDAQ:TSLA), and Apple Inc (NASDAQ:AAPL) over the same period, with returns of +21.8%, +2.8%, and +45.5% respectively.

Portfolio Pulse from Chris Katje

December 06, 2023 | 9:11 pm

VRNT

Verint Systems (NASDAQ:VRNT) reported Q3 earnings with an EPS of $0.65, beating estimates by 14.04% but with a revenue decline of $6.95 million year-over-year. Last quarter, a miss on EPS resulted in a 19.44% share price drop the following day. Historical earnings performance shows mixed results over the past four quarters.

Portfolio Pulse from Benzinga Insights

December 06, 2023 | 9:10 pm