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GBTC

IBIT

Jersey City Mayor Steven Fulop announced that the city's pension fund will allocate a portion to Bitcoin spot ETFs, following Wisconsin's lead. The specific ETFs and allocation percentage were not disclosed. Wisconsin's pension fund previously invested in BlackRock's iShares Bitcoin Trust (IBIT) and Grayscale's Bitcoin Trust (GBTC).

Portfolio Pulse from Aniket Verma

July 26, 2024 | 5:42 am

IMMX

Immix Biopharma (NASDAQ: IMMX) has secured $8 million in funding from the California Institute for Regenerative Medicine to support the clinical development of its CAR-T therapy NXC-201 for treating relapsed/refractory AL Amyloidosis.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 5:41 am

THCH

TH International, the exclusive operator of Tim Hortons China, faces a delisting threat from Nasdaq due to non-compliance with the minimum bid price requirement. The company has until January 15, 2025, to regain compliance or potentially face delisting.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 5:26 am

TSLA

Elon Musk and Stephen King engaged in a humorous exchange on social media, with King challenging Musk to a joke-off. This banter follows previous interactions between the two, including comments on Musk's acquisition of Twitter, now rebranded as X.

Portfolio Pulse from Ananya Gairola

July 26, 2024 | 4:35 am

ABNB

AON

COIN

Chris Lehane, a former Clinton White House staffer and OpenAI executive, has joined the board of directors at Coinbase Global Inc. (NASDAQ:COIN). Lehane's appointment comes as the political landscape in the U.S. shifts in favor of cryptocurrencies. Investment bank Citi has upgraded Coinbase shares from neutral to buy, anticipating an improved regulatory environment. Shares of Coinbase rose 1.81% in after-hours trading following the announcement.

Portfolio Pulse from Aniket Verma

July 26, 2024 | 3:26 am

CRWD

MSFT

CrowdStrike Holdings Inc. (NASDAQ:CRWD) CEO George Kurtz announced that over 97% of the company's Windows sensors are back online after a global outage caused by a faulty software update. The incident affected over 8.5 million Windows devices and disrupted critical infrastructure globally. CrowdStrike has since reverted the defective update and offered a $10 Uber Eats gift card to partners as an apology.

Portfolio Pulse from Benzinga Neuro

July 26, 2024 | 3:09 am

ASTS

DIS

DXCM

LLY

TSLA

On Thursday, major U.S. indices showed mixed results. The Dow Jones increased by 0.2%, while the S&P 500 and Nasdaq fell by 0.5% and 0.9%, respectively. Key stocks on investors' radars included Walt Disney, Eli Lilly, AST SpaceMobile, DexCom, and Tesla. Disney's stock fell by 0.66% despite ESPN securing a major NBA broadcasting deal. Eli Lilly's stock dropped by 4.50% due to competition in obesity treatment. AST SpaceMobile's stock surged by 24.55% after completing its first five commercial satellites. DexCom's stock declined by 3.65% due to mixed Q2 results and weak guidance. Tesla's stock rose by 1.97% despite facing revenue and earnings challenges.

Portfolio Pulse from Benzinga Neuro

July 26, 2024 | 2:42 am

GOOGL

MARA

TSLA

Bitcoin and Dogecoin saw significant gains, while Ethereum remained muted after the debut of its spot ETFs. Marathon Digital Holdings' $100 million BTC purchase and HODL strategy likely fueled Bitcoin's surge. Ethereum faced intense sell-offs and liquidations, but analysts suggest the dip could be an opportunity.

Portfolio Pulse from Aniket Verma

July 26, 2024 | 2:21 am

FOX

Vice President Kamala Harris released her first digital campaign video, countering Republican critics and Donald Trump. The video features scenes from her rally in Milwaukee and music from Beyoncé's 'Freedom.' This comes after President Joe Biden dropped out of the race, setting up a head-to-head battle between Trump and Harris. Recent polls show a tight race.

Portfolio Pulse from Ananya Gairola

July 26, 2024 | 2:07 am

TWOU

2U Inc. (NASDAQ:TWOU), an online education company, has filed for Chapter 11 bankruptcy due to mounting debt and competition. The company has secured a deal to cut its debt by 50% and will continue operations without service disruptions. The stock has plummeted 63.35% in one day and 95.70% year-to-date.

Portfolio Pulse from Benzinga Neuro

July 26, 2024 | 1:53 am