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Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin experienced a decline following the release of the minutes from the September Federal Open Market Committee meeting. The minutes revealed that a majority of committee members anticipate at least one more rate hike during this cycle. The global crypto market cap currently stands at $1.06 trillion, reflecting a decrease of 1.39% in the past 24 hours. Stocks made modest gains on Wednesday as investors awaited the release of new U.S. consumer inflation data.

Portfolio Pulse from Mehab Qureshi

October 12, 2023 | 2:47 am

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DKNG

NTLA

TSLA

Ark Invest, led by Cathie Wood, has sold nearly $10M worth of Tesla Inc shares for the second consecutive day. The shares were sold through the ARK Innovation ETF fund. On the previous day, Ark Invest sold over $8M worth of Tesla shares. Ark Invest also purchased shares of PagerDuty Inc, CRISPR Therapeutics AG, and Intellia Therapeutics Inc, and sold shares of DraftKings Inc.

Portfolio Pulse from Benzinga Neuro

October 12, 2023 | 2:38 am

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Major U.S. stock indices ended in the green on Wednesday, with the Nasdaq Composite marking notable gains. Tempest Therapeutics soared by 1470.83% after unveiling updated results from an ongoing Phase 1b/2 study. Microsoft experienced a 1.23% increase after unveiling new AI initiatives aimed at supporting the healthcare industry. Birkenstock faced a downturn of -12.61% after its IPO. Novo Nordisk marked a 6.27% increase after halting the FLOW trial early due to promising results. Tesla saw a slight decline of -0.24% after unveiling a new video ad campaign.

Portfolio Pulse from Benzinga Neuro

October 12, 2023 | 2:16 am

RGF

The Real Good Food Company, Inc. (NASDAQ:RGF) has priced an underwritten public offering of 6,785,715 shares of its Class A common stock at $2.10 per share, expecting to raise approximately $14.3 million. The proceeds will be used for general corporate purposes. The company has also granted underwriters a 30-day option to purchase an additional 1,017,857 shares. The offering is expected to close on October 16, 2023.

Portfolio Pulse from Charles Gross

October 11, 2023 | 11:22 pm

ATXS

Astria Therapeutics has priced an underwritten offering of 8,253,895 shares of its common stock and accompanying common stock warrants to purchase an aggregate of 6,190,418 shares of common stock at $6.514. The offering also includes pre-funded warrants to purchase up to an aggregate of 1,571,093 shares of common stock and accompanying common stock warrants to purchase up to an aggregate of 1,178,320 shares of common stock. The aggregate gross proceeds of the offering are expected to be approximately $64 million. The offering is expected to close on October 16, 2023.

Portfolio Pulse from Charles Gross

October 11, 2023 | 11:20 pm

DIS

WBD

Warner Bros. Discovery (NASDAQ:WBD) is facing challenges with its upcoming 'Aquaman' sequel due to a defamation lawsuit involving actress Amber Heard. Tesla CEO Elon Musk reportedly threatened the studio to keep Heard in the film. The studio is also dealing with mixed results from its DC Comics movie universe, once seen as a potential competitor to Walt Disney Co's (NYSE:DIS) Marvel brand.

Portfolio Pulse from Chris Katje

October 11, 2023 | 11:11 pm

SYK

Stryker Corp's (SYK) stock fell by 5.26% after the FDA announced the establishment of a Digital Health Advisory Committee. The committee, which will be operational in 2024, aims to address complex issues in digital health technologies, including AI and wearables. The increased regulatory scrutiny could lead to uncertainty about future regulations and requirements for healthcare companies like Stryker, potentially impacting their ability to bring innovative products to market.

Portfolio Pulse from Henry Khederian

October 11, 2023 | 10:22 pm

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During Wednesday's after-market session, several healthcare stocks experienced significant movements. OpGen (NASDAQ:OPGN), Cardio Diagnostics Hldgs (NASDAQ:CDIO), Reshape Lifesciences (NASDAQ:RSLS), China SXT Pharmaceuticals (NASDAQ:SXTC), Onconova Therapeutics (NASDAQ:ONTX), and Astria Therapeutics (NASDAQ:ATXS) saw their shares rise by 426.8%, 52.21%, 51.85%, 33.2%, 15.94%, and 15.84% respectively. On the other hand, Tempest Therapeutics (NASDAQ:TPST), Phio Pharma (NASDAQ:PHIO), Tharimmune (NASDAQ:THAR), Galera Therapeutics (NASDAQ:GRTX), Evelo Biosciences (NASDAQ:EVLO), and PaxMedica (NASDAQ:PXMD) saw their shares fall by 34.1%, 19.24%, 15.84%, 9.54%, 9.47%, and 7.99% respectively.

Portfolio Pulse from Benzinga Insights

October 11, 2023 | 9:32 pm

BHIL

BSFC

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RAD

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Several consumer staples stocks experienced significant movement in Wednesday's after-market session. Notable gainers included Meiwu Technology Co, China Jo-Jo Drugstores, Blue Star Foods, Alkaline Water Co, Hempacco, and Rite Aid. On the other hand, Davis Commodities, Smart for Life, Yatsen Holding, Benson Hill, Maison Solutions, and Duckhorn Portfolio saw declines.

Portfolio Pulse from Benzinga Insights

October 11, 2023 | 9:32 pm

ATIF

GEO

SNTG

VINO

Several industrial stocks experienced significant movement in Wednesday's after-market session. Notable gainers included ATIF Holdings, Sentage Hldgs, JanOne, CEA Industries, Freight Technologies, and TD Hldgs. On the other hand, Gaucho Group Holdings, Safe & Green Holdings, OceanPal, GEO Group, Knightscope, and Advent Technologies Hldgs saw declines.

Portfolio Pulse from Benzinga Insights

October 11, 2023 | 9:31 pm