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VRTX

Vertex Pharmaceuticals presented data from pivotal trials of CASGEVY™ at the ASH Annual Meeting, showing consistent and durable responses in 96 patients with sickle cell disease and transfusion-dependent beta thalassemia. The data, including patient-reported outcomes, reinforce the treatment's effectiveness over a follow-up period exceeding four years.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 7:20 am

AZN

ICVX

AstraZeneca is set to acquire Icosavax for $15 per share in cash, with an additional contingent value right of up to $5 per share based on regulatory and sales milestones. The deal values Icosavax at approximately $838 million upfront, a 43% premium over its closing price on December 11, 2023, and could reach $1.1 billion in total value, representing a 91% premium if all conditions are met.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 7:16 am

EWU

The U.K. unemployment rate for October remained steady at 4.2%, indicating stability in the job market. This could influence investor sentiment regarding U.K.-related investments and funds.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 7:09 am

BTCUSD

Binance's market share plummeted from 55% to 30.1% in 2023 due to regulatory challenges and top-level exits. The exchange's monthly spot volumes dropped over 70%, from $474 billion to $114 billion. Binance settled legal disputes with the CFTC for nearly $3 billion, and with the Department of Justice and Treasury Department. Despite the decline, Binance remains the largest crypto exchange, while OKX's market share grew. Bitcoin's price was slightly down at the time of reporting.

Portfolio Pulse from Mehab Qureshi

December 12, 2023 | 7:04 am

DIS

Disney (NYSE:DIS) is in advanced talks with Reliance Industries to merge their Indian media and entertainment divisions, potentially creating India's largest media enterprise. The merger involves a stock swap, with Reliance securing over 51% and Disney owning the rest. Negotiations include a capital infusion of $1 billion to $1.5 billion. The board would have equal representation from both companies, with additional seats for Bodhi Tree and independent directors. The deal aims to finalize a term sheet by the end of January, with Disney+ content licensing and Jio Platforms as a distribution channel. The merger seeks to capitalize on synergies and enhance long-term business value.

Portfolio Pulse from Shomik Sen Bhattacharjee

December 12, 2023 | 7:00 am

NFLX

The film 'Leave the World Behind,' produced by Barack and Michelle Obama's Higher Ground Productions and released on Netflix (NASDAQ:NFLX), has topped the streaming charts in 85 countries. Despite its success, Tesla CEO Elon Musk expressed skepticism on social media regarding a scene in the movie. The film's performance is a notable achievement for the Obamas post-politics and reflects the growing influence of streaming content.

Portfolio Pulse from Ananya Gairola

December 12, 2023 | 6:44 am

AAPL

MSFT

Apple Inc. (AAPL) celebrated its 43rd IPO anniversary, reflecting on a journey from a $22 share price to becoming the largest company by market cap at $3.004 trillion. An initial $1000 investment in Apple's IPO would now be worth $1,524,838.86, outperforming the Nasdaq and S&P 500 returns for the same period. Despite challenges, including Steve Jobs' departure and return, Apple has thrived, launching revolutionary products like the iPod and iPhone, and continues to grow under CEO Tim Cook.

Portfolio Pulse from Ananya Gairola

December 12, 2023 | 6:30 am

GOOG

GOOGL

Google has updated its ad policies to allow advertising for cryptocurrency coin trusts targeting the U.S. market, effective December 6. This change could benefit potential Bitcoin spot ETFs, as companies like BlackRock, ARK Invest, and Grayscale may be able to advertise their products if approved by the SEC. The SEC's decision on 13 ETF applications is expected by January 10. Bitcoin's price was at $41,472, down 1.51% at the time of the report.

Portfolio Pulse from Mehab Qureshi

December 12, 2023 | 5:38 am

BTC

BTT

ETH

BitTorrent's native token BTT has seen a significant surge of 194% over the past week, outperforming Bitcoin and Ethereum. The increase is attributed to the user growth of the Tron blockchain, which recently reached 200 million users. Tron founder Justin Sun highlighted this achievement and the potential for increased usage of stablecoins on the platform. Tron is now the second-ranked blockchain in terms of user numbers and total value locked (TVL), with $8.2 billion in DeFi protocols. BitTorrent's market cap is approximately $958 million, with a 540% increase in daily trading volumes. Meanwhile, HTX exchange, also associated with Sun, experienced a $258 million net outflow after resuming operations post a significant hack.

Portfolio Pulse from Mehab Qureshi

December 12, 2023 | 4:21 am

ADPT

ARKF

ARKK

ARKW

COIN

CRSP

GBTC

Ark Invest, led by Cathie Wood, sold over $12.8 million worth of Grayscale Bitcoin Trust (GBTC) shares through its ARK Next Generation Internet ETF (ARKW) as the crypto market shows signs of uncertainty. Additionally, Ark sold 13,634 Coinbase (COIN) shares through ARKK, ARKF, and ARKW, valued at $1.8 million. The sales occurred against a backdrop of fluctuating cryptocurrency prices, with Bitcoin recently crossing the $44K mark. Ark also increased its investments in the biotech sector, purchasing shares of CRISPR Therapeutics (CRSP) and Adaptive Biotechnologies (ADPT).

Portfolio Pulse from Benzinga Neuro

December 12, 2023 | 3:55 am