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Coinbase CEO Brian Armstrong emphasized the need for bipartisan support for cryptocurrency regulation, highlighting the current 'untenable' regulatory situation. Armstrong's comments came during a discussion with Ark Invest CEO Cathie Wood, who noted Donald Trump's recent pro-crypto stance. Armstrong stressed the importance of clear rules and mentioned his meetings with 13 senators. The crypto industry is pooling resources to support pro-crypto candidates, with significant donations to political action committees.

Portfolio Pulse from Murtuza Merchant

June 14, 2024 | 2:23 pm

TSLA

Tesla Inc. (NASDAQ:TSLA) has officially moved its incorporation from Delaware to Texas following a shareholder vote. This move aligns Tesla’s legal domicile with its physical headquarters in Austin, Texas. The decision follows a Delaware judge's dismissal of Elon Musk's $56 billion compensation package, which shareholders reapproved. Tesla aims to develop revolutionary technologies, including AI, and has achieved significant milestones in 2023.

Portfolio Pulse from Michael Cohen

June 14, 2024 | 2:22 pm

BABA

Investors have taken a bearish stance on Alibaba Gr Hldgs (NYSE:BABA) as indicated by recent options market activity. Benzinga's options scanner identified 11 uncommon trades, with a split sentiment of 45% bullish and 54% bearish. The stock is currently trading at $73.92, down by 2.32%. Analysts maintain a positive outlook with an average target price of $108.33.

Portfolio Pulse from Benzinga Insights

June 14, 2024 | 2:16 pm

HPE

Recent analysis of Hewlett Packard's (NYSE:HPE) options activity reveals 14 unusual trades, with an equal split between bullish and bearish sentiments. The trades include 3 puts valued at $227,726 and 11 calls valued at $497,182. Analysts have mixed ratings on HPE, with price targets ranging from $17 to $26. The stock is currently trading at $21.44, down by 1.47%, with an RSI indicating it may be overbought.

Portfolio Pulse from Benzinga Insights

June 14, 2024 | 2:16 pm

FOXO

FOXO Technologies, Inc. (AMEX:FOXO) shares are trading higher after announcing share exchange agreements with Rennova Health. The agreements involve exchanging equity in Myrtle Recovery Centers and Rennova Community Health for FOXO common and preferred stock, respectively.

Portfolio Pulse from Dylan Berman

June 14, 2024 | 2:16 pm

EIS

USO

Hamas' armed wing announced that two Israeli hostages held in Gaza were killed by an Israeli airstrike on Rafah a few days ago.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 2:11 pm

TEM

Trading halt status was updated at 10:10:00 AM ET for an IPO security, which has now been released for quotation.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 2:10 pm

SPMC

Sound Point Meridian Capital (SPMC) opened at $19.50 per share, slightly below its IPO price of $20.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 2:08 pm

ALTM

Hunterbrook has issued a short report on Arcadium Lithium, raising concerns about the company's financial health and operational practices. The report suggests that Arcadium Lithium may be overvalued and highlights potential risks for investors.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 2:05 pm

EQNR

EWU

Equinor has suspended the sale of its UK North Sea Rosebank project ahead of the upcoming UK elections. This decision could impact the company's strategic plans and market perception.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 2:01 pm