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BTCUSD

COIN

Tether co-founder William Quigley criticizes the Biden administration for allowing the SEC to take an aggressive stance towards crypto companies, particularly under Chairman Gary Gensler. He suggests that a Trump presidency might result in less aggressive regulatory actions. Quigley also projects Bitcoin could reach up to $300,000 in 2025 based on historical patterns.

Portfolio Pulse from Murtuza Merchant

June 14, 2024 | 12:33 pm

CLPS

CLPS Inc. has received a notification from Nasdaq regarding its failure to meet the minimum bid price requirement. The company now has a compliance period to regain compliance with Nasdaq's listing rules.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 12:32 pm

MDLZ

Mondelez International Inc. (NASDAQ:MDLZ) is aiming to keep chocolate prices affordable despite rising cocoa costs. CFO Luca Zaramella expressed optimism about declining cocoa prices next year, which could ease production costs. The company is monitoring cocoa market trends to time purchases effectively.

Portfolio Pulse from Shivani Kumaresan

June 14, 2024 | 12:23 pm

CRH

FMAT

PKB

CRH plc (NYSE:CRH) shares are trading lower after the company announced that Adbri’s independent shareholders approved the Scheme of Arrangement for CRH and the Barro Group to acquire Adbri Ltd. The deal, valued at A$2.1 billion, is expected to close on July 1, 2024. CRH will purchase the remaining 57% of Adbri’s shares not held by Barro for A$3.20 per share in cash. The acquisition is expected to bolster CRH's presence in Australia.

Portfolio Pulse from Lekha Gupta

June 14, 2024 | 12:19 pm

ADBE

CJET

FOXO

GANX

KITT

NXL

Adobe Inc. (NASDAQ:ADBE) shares surged 14.6% in pre-market trading after reporting better-than-expected Q2 earnings and strong guidance. Other notable pre-market movers include FOXO Technologies Inc. (NYSE:FOXO), Chijet Motor Company, Inc. (NASDAQ:CJET), and Nauticus Robotics, Inc. (NASDAQ:KITT) among gainers, and Nexalin Technology, Inc. (NASDAQ:NXL) and Gain Therapeutics, Inc. (NASDAQ:GANX) among losers.

Portfolio Pulse from Avi Kapoor

June 14, 2024 | 12:19 pm

STRT

STRATTEC SECURITY CORPORATION (NASDAQ:STRT) has appointed Jennifer L. Slater as its new President and CEO, effective July 1, 2024. Slater brings over 25 years of experience from Sensata Technologies, Inc. to the role.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 12:14 pm

COST

JDST

JNUG

Direxion's Junior Gold Miners Bull (JNUG) and Bear (JDST) ETFs are in focus due to contrasting performances. JNUG lost over 4% while JDST gained nearly 4%. The gold market has been volatile, influenced by inflation concerns and Federal Reserve policies. JNUG is showing signs of a bearish pattern, while JDST is showing potential for a rise.

Portfolio Pulse from Joshenomoto@benzinga.com

June 14, 2024 | 12:11 pm

IRON

Disc Medicine has announced an underwritten public offering of 4.944 million shares at $36 per share, aiming to raise $178 million.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 12:08 pm

AVGR

Avinger has priced an offering of 3,614,457 shares and warrants to purchase an equal number of shares at $1.66 per share and accompanying warrant. The company expects gross proceeds of $6 million upfront and potential proceeds of $18 million if the series warrants are fully exercised on a cash basis.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 12:06 pm

AIU

BIRD

CJET

DESP

GOEV

JFBR

KAVL

LXEH

MGOL

ZAPP

The article highlights the pre-market movements of several consumer discretionary stocks on Friday. Notable gainers include Meta Data (AIU), Chijet Motor Co (CJET), Jeffs Brands (JFBR), Canoo (GOEV), Lixiang Education Hldg (LXEH), and Allbirds (BIRD). Significant losers include Kaival Brands Innovations (KAVL), Zapp Electric Vehicles (ZAPP), RH (RH), MGO Global (MGOL), Boqii Holding (BQ), and Despegar.com (DESP).

Portfolio Pulse from Benzinga Insights

June 14, 2024 | 12:06 pm