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BPTS

Biophytis SA received a Nasdaq notice for non-compliance with the minimum bid price rule due to its ADSs closing below $1.00 for 30 consecutive days. The company remains listed on The Nasdaq Global Select Market under the symbol 'BPTS' and has a 180-day grace period until May 13, 2024, to regain compliance. Biophytis is considering options to address the deficiency and may be eligible for an additional 180-day period if other listing standards are met.

Portfolio Pulse from Benzinga Newsdesk

November 19, 2023 | 8:35 pm

NSTG

TXG

10x Genomics (TXG) has won a patent infringement case against NanoString Technologies (NSTG), with a jury awarding TXG over $31 million in damages. The jury found all seven asserted patents valid and willfully infringed by NSTG's GeoMx products. TXG plans to seek ongoing royalties, treble damages, attorney's fees, a permanent injunction, and pre- and post-judgment interest. This is the third ruling against NSTG in six months, with previous rulings from European courts. TXG has another pending suit against NSTG in the U.S. with a trial scheduled for September 2024.

Portfolio Pulse from Benzinga Newsdesk

November 19, 2023 | 8:34 pm

MTC

MMTEC, Inc. (MTC) reported improved financial results for the first half of the year, with a narrower loss of $(0.30) per share compared to $(0.92) per share year-over-year, and a significant increase in sales to $2.86M from $733.40K in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 19, 2023 | 8:33 pm

HWEL

Healthwell Acquisition Corp. I (NASDAQ:HWEL) has cancelled its special stockholder meeting scheduled for December 4, 2023, and withdrawn the proposals from its November 13, 2023 SEC filing. The company plans to liquidate, ceasing all operations except for winding up. Healthwell will redeem its Class A common stock at an estimated price of $10.50 per share from its IPO trust account, extinguishing stockholder rights. Warrants will expire worthless, and Healthwell's sponsor waived redemption rights for Class B common stock. The liquidation and dissolution are subject to Delaware law and other legal requirements. The liquidation process will be managed by Continental Stock Transfer & Trust Company, with the redemption expected within ten business days after commencement.

Portfolio Pulse from Benzinga Newsdesk

November 19, 2023 | 8:29 pm

FMCC

HOUS

RDFN

RMAX

A Realtor.com study shows that the average down payment for homes in the U.S. decreased to 13.8% in 2023 from 14.7% in 2022. California cities lead with the highest median down payments, with San Jose-Sunnyvale-Santa Clara at the top with $235,183. Freddie Mac notes PMI costs $30-$70 per month per $100,000 borrowed. Redfin Corp., Zillow Group, Inc., Anywhere Real Estate Inc., and RE/MAX Holdings, Inc. are key players in the real estate market. ETFs like iShares U.S. Real Estate ETF and Real Estate Select Sector SPDR Fund offer diversified exposure to the sector.

Portfolio Pulse from Bibhu Pattnaik

November 19, 2023 | 7:11 pm

FEBO

Fenbo Holdings Limited (NASDAQ:FEBO) is set to go public on Nov. 21, 2023, with an IPO price band of $4.00 to $6.00 per share. The company plans to offer 1,000,000 shares at $5.00 each, with an insider lock-up period of 180 days. IPOs allow private companies to raise capital by offering shares on an exchange after meeting SEC requirements and establishing an offering range with investment banks.

Portfolio Pulse from Benzinga Insights

November 19, 2023 | 6:50 pm

AMZN

GOOGL

MSFT

Sam Altman, former CEO of OpenAI, received significant support from investors and employees after his exit, raising the possibility of his reinstatement. Microsoft CEO Satya Nadella has expressed support for Altman's future projects. Analyst Daniel Ives anticipates Microsoft may increase control over OpenAI and notes potential for rivals Amazon and Alphabet to capitalize on the situation. Altman's departure may be linked to his plans to start an AI chip company with substantial funding. OpenAI's board faced an ultimatum to resign and is discussing Altman's return, with potential governance changes if he does.

Portfolio Pulse from Shanthi Rexaline

November 19, 2023 | 3:41 pm

CSCO

DIS

PLTR

VLVLY

VRTX

Barron's weekend stock picks include Disney, Palantir, and Cisco, with each facing different challenges and opportunities. Disney is under pressure from two activist investors to increase shareholder value. Palantir's stock is on the rise due to positive results and analyst optimism. Vertex Pharmaceuticals' stock fell over concerns about its pain pill trial. Volvo's stock drop is seen as a potential opportunity. Cisco Systems faces a poor outlook due to pandemic fallout, despite good quarterly results.

Portfolio Pulse from Justin Chan

November 19, 2023 | 1:18 am

AAPL

DIS

IBM

LGF

WBD

Elon Musk criticized major advertisers for pulling ads from social media platform X, accusing them of suppressing free speech. This follows their withdrawal after Musk endorsed an antisemitic post. Companies like Apple, Disney, Warner Bros. Discovery, IBM, and Lions Gate Entertainment have stopped advertising on X. X's CEO Linda Yaccarino emphasized the platform's stance against discrimination and efforts to combat antisemitism.

Portfolio Pulse from Bibhu Pattnaik

November 18, 2023 | 7:50 pm

DIS

DKNG

FWONA

FWONK

PENN

The sports betting sector saw several key developments, including the launch of ESPN Bet by PENN Entertainment in partnership with The Walt Disney Company. ESPN Bet is live in 17 states, offering $200 in bonus bets and topping iOS charts. Other highlights include Christian McCaffrey's touchdown streak ending, potential Taylor Swift's impact on Travis Kelce's performance, NFL Thanksgiving Day betting, Jim Harbaugh's suspension, a bettor winning a $5.5 million parlay, and Formula One betting odds for the Las Vegas Grand Prix.

Portfolio Pulse from Chris Katje

November 18, 2023 | 7:16 pm