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YSG

Yatsen Holding Limited (YSG), a leading China-based beauty group, announced it has regained compliance with the NYSE's minimum share price continued listing criterion, according to a letter from the NYSE dated April 10, 2024.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 9:07 am

MOR

NVS

Novartis has initiated a voluntary public takeover offer for all outstanding shares of MorphoSys at €68.00 per share, representing a 142% premium over the volume-weighted average price of the last three months. The offer is made through Novartis's subsidiary, Novartis BidCo AG.

Portfolio Pulse from Charles Gross

April 11, 2024 | 8:52 am

SCPPF

Citi has identified S4 Capital (OTC:SCPPF) as a high-risk, high-reward investment, predicting a 280% surge in its stock price. Despite a 25% drop in core earnings in 2023 and a 60% decline over the past 12 months, shares have recently rebounded by nearly 15%. Citi's optimism is based on the potential for a business rebound as the tech sector stabilizes and project-based work increases. This comes amid mixed market forecasts, with some analysts warning of potential corrections while others see continued bull market conditions.

Portfolio Pulse from Benzinga Neuro

April 11, 2024 | 8:43 am

META

NVDA

Meta Platforms Inc. (NASDAQ:META) has unveiled its next-generation AI chip, the MTIA, aimed at competing with Nvidia Corporation's (NASDAQ:NVDA) AI chips in the cloud business. The MTIA, built on Taiwan Semiconductor Manufacturing Co's 5nm process, is designed for AI workloads, specifically ranking and recommendation models. This development is part of a broader trend where major tech companies are developing their own AI chips to reduce dependency on Nvidia's GPUs.

Portfolio Pulse from Ananya Gairola

April 11, 2024 | 8:31 am

ASML

NVDA

TCEHY

Huawei Technologies is expanding its semiconductor R&D efforts in Shanghai as a countermeasure to U.S. export controls, focusing on developing lithography machines essential for advanced chip production. This move aims to reduce reliance on foreign technology and strengthen its semiconductor supply chain, potentially impacting the market positions of Nvidia, AMD, and ASML Holding.

Portfolio Pulse from Benzinga Neuro

April 11, 2024 | 8:28 am

DCFC

Tritium has been notified by Nasdaq about its non-compliance with the Public Float Standard. The company plans to present a compliance plan during a scheduled hearing with the Nasdaq Hearings Panel, aiming to keep its shares trading on Nasdaq until a final decision is made.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 7:41 am

TIP

Former Treasury Secretary Larry Summers warned that a rate cut in June could be a 'dangerous and egregious error' following hotter-than-expected March inflation data. Consumer prices rose more than anticipated, with core and super core inflation rates also exceeding forecasts. Summers highlighted the risk of ignoring inflation pressures, especially with the economy growing faster than potential and short-term Treasury rates exceeding longer-term rates. This suggests the neutral rate is above the 2.6% level used by the Fed. The futures market has since adjusted, showing an 83% probability of the Federal Reserve maintaining the current rate. The iShares TIPS Bond ETF (TIP) fell 0.96% to $105.84.

Portfolio Pulse from Shanthi Rexaline

April 11, 2024 | 7:39 am

SHLT

A study by Imperial College London found that SHL Telemedicine's SmartHeart® technology significantly reduces hospital readmissions by 76% and emergency department visits by 41% for post-heart attack patients. This underscores the effectiveness of SHL's remote cardiac care solutions.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 7:30 am

TSM

The U.S. has surpassed China as Taiwan's largest export market for the first time in over two decades, with Taiwanese exports to the U.S. increasing by 65.7% year-on-year in March to $9.1 billion. This shift reflects efforts by the U.S. to reduce dependence on Chinese goods and is part of broader changes in global trade dynamics. The change comes amid significant geopolitical events, including meetings between Chinese and U.S. leaders, a major earthquake in Taiwan affecting the semiconductor supply chain, and a surge in Taiwan's ETF market driven by AI stock interest, notably in Taiwan Semiconductor Manufacturing Co (TSM).

Portfolio Pulse from Benzinga Neuro

April 11, 2024 | 7:27 am

KARS

Cathie Wood's Ark Investment Management, through its Director of Research Sam Korus, argues that electric vehicles (EVs) are not seeing a decline in adoption but are instead entering a traditional adoption curve. Despite a slowdown in sales growth rates from 113% in 2021 to 28% in 2023, the global market share of EVs nearly doubled from 4.8 million units to around 10 million units, indicating healthy market dynamics. Korus emphasizes the importance of market share over growth rates and suggests that EVs, with only a 13% global market share, are still in the early stages of adoption. He warns that traditional automakers reducing EV investments may miss out on the industry's transition.

Portfolio Pulse from Shanthi Rexaline

April 11, 2024 | 7:21 am