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AHI

Advanced Health Intelligence (AHI) has announced a proposed placement of approximately 10.75 million shares at $0.11 per share.

Portfolio Pulse from Charles Gross

November 05, 2023 | 11:20 pm

ELGP

GVH

TDTH

Four companies are set to go public this week. Hamilton Insurance Group, Ltd (NYSE:HG) will offer 15,000,000 shares at $17.00 per share. Elate Group, Inc. (NASDAQ:ELGP) will offer 1,250,000 shares at $4.00 per share. Globavend Holdings Limited (NASDAQ:GVH) will offer 1,875,000 shares at $4.50 per share. Trident Digital Tech Holdings Ltd (NASDAQ:TDTH) will offer 1,875,000 shares at $9.00 per share. All companies have a 180-day insider lock-up period.

Portfolio Pulse from Benzinga Insights

November 05, 2023 | 10:39 pm

CVS

IHE

JNJ

PFE

RAD

WBA

XLV

Pharmacy employees from CVS Health Corporation and Walgreens Boots Alliance, Inc. protested against insufficient staffing and escalating job demands, compromising the safety of their work environment. The protests, known as 'Pharmageddon', were primarily driven by nonunion workers and have reportedly affected several pharmacy locations. In response, CVS and Walgreens minimized the impact of the protests, with CVS affirming that its operations have continued without notable disruptions. Rite Aid Corporation also stated that it was unaware of plans by its pharmacists to participate in this activity. The unrest could potentially impact related stocks in the pharmaceutical sector, such as Pfizer Inc. and Johnson & Johnson, as well as ETFs like the Health Care Select Sector SPDR Fund and the iShares U.S. Pharmaceuticals ETF.

Portfolio Pulse from Bibhu Pattnaik

November 05, 2023 | 8:48 pm

CTRA

EYPT

INTU

MRK

Mizuho's equity research team has released its top buy-rated picks for November, including Coterra Energy Inc (CTRA), Merck & Co. (MRK), EyePoint Pharmaceuticals (EYPT), and Intuit (INTU). Despite a Wall Street average rating of 'hold' for Coterra, Mizuho is bullish on the stock. Mizuho is also positive about Merck, EyePoint Pharmaceuticals, and Intuit. The stocks of these four companies are anticipated to see further growth, with Mizuho's analysts offering optimistic projections for each.

Portfolio Pulse from Benzinga Neuro

November 05, 2023 | 7:33 pm

BTM

The number of Bitcoin ATMs installed worldwide dropped to a two-year low in October 2023, marking the biggest drop in crypto history. Despite Bitcoin levels breaching the $35,000 mark and optimism surrounding the spot Bitcoin ETF approval, uncertainties around regulations and crypto scams brought the number of ATMs installed down to its 2021 level. Bitcoin Depot (NASDAQ:BTM) CEO Brandon Mintz attributes this declining trend to operators turning off unprofitable ATMs or going out of business. However, he sees this as an opportunity for Bitcoin Depot to increase market share through acquisitions and organic kiosk growth.

Portfolio Pulse from Khyathi Dalal

November 05, 2023 | 5:57 pm

TSLA

Tesla CEO Elon Musk has announced that the company's Giga Berlin factory will be the manufacturing site for its €25,000 electric vehicle (EV). This comes as a surprise as previous reports suggested that the affordable EVs would be built at Giga Mexico or Giga Texas. The Giga Berlin factory currently manufactures Tesla's Model Y EVs for the European market.

Portfolio Pulse from Shanthi Rexaline

November 05, 2023 | 4:43 pm

MLTX

MoonLake Immunotherapeutics (NASDAQ:MLTX) announced positive top-line results from its global Phase 2 ARGO trial evaluating the efficacy and safety of the Nanobody® sonelokimab in patients with active psoriatic arthritis. The primary endpoint ACR50 was met with up to 47% of patients on sonelokimab achieving ACR50 as early as week 12. All key secondary endpoints were also met. The discontinuation rate was below 4% and safety results were consistent with previously reported studies.

Portfolio Pulse from Charles Gross

November 05, 2023 | 4:22 pm

LCID

TSLA

Lucid Group Co. (NASDAQ:LCID) has discounted its electric vehicle prices in the U.S. and Canada, offering 'Air Credit' discounts. The price adjustments come amid a tough industry environment marked by weak demand and aggressive price cuts led by market leader Tesla, Inc. Lucid reported underwhelming deliveries for Q3, missing the consensus estimate. The company is scheduled to announce its Q3 results on Tuesday.

Portfolio Pulse from Shanthi Rexaline

November 05, 2023 | 3:53 pm

AAPL

This week, Apple Inc. (NASDAQ:AAPL) was in the news for various reasons. The company's long-standing privacy concerns about Android were revealed in the ongoing Google antitrust trial. Apple also abandoned 'Project Fennel', an initiative to make Apple Watch and Health app compatible with Android devices. Rumors about the iPhone 16 suggest it might adopt molded glass lenses for a slimmer camera system and better optical zoom. Tech investor Gene Munster believes Wall Street's reaction to Apple's Q4 results is exaggerated. Lastly, Apple compared the performance of the new M3 chip with its predecessor, the M1, during the 'Scary Fast' launch of the M3-powered MacBooks and iMacs.

Portfolio Pulse from Benzinga Neuro

November 05, 2023 | 12:23 pm

BTCUSD

DOGEUSD

This week in crypto saw ex-FTX CEO Sam Bankman-Fried convicted of fraud, Elon Musk expressing skepticism towards NFTs, bullish predictions for Dogecoin, and criticism of Bitcoin ATMs by Dogecoin's co-creator. Investor Peter Schiff also called for accountability following Bankman-Fried's conviction.

Portfolio Pulse from Benzinga Neuro

November 05, 2023 | 8:27 am