Renowned Bitcoin (CRYPTO: BTC) skeptic Peter Schiff has weighed in on Donald Trump's announcement regarding a potential crypto strategic reserve, voicing concerns over government
Spire Global has achieved a major milestone by successfully establishing a two-way optical link between two satellites. This breakthrough improves data transmission speed, security, and reliability for future space missions.
https://www.benzinga.com/25/03/44065229/benzinga-bulls-and-bears-joby-aviation-nvidia-tesla-and-bitcoin-drops-below-80000>5 ETFs with strong performances last week: UNG, KSTR, BDRY, REKT, SMCX. Natural gas, Chinese tech, dry bulk shipping, crypto, and Super Micro Computer were top performers.
Stocks fell broadly on Monday to start the month of March with all three major indices red in midday trading. Investors digested a decline in February's ISM Manufacturing PMI data which fell to 50.3%, down from 50.9% in January.
Apogee's APG990 Phase 1 data show a 60-day half-life and strong tolerability, supporting long-interval dosing. A 2025 trial will compare APG279 to Dupixent.
Take-Two Interactive Software Inc (NASDAQTTWO) shares are trading higher. The company on Monday announced that Rockstar Games will acquire Video Games Deluxe.
Oracle revealed new AI agent features in Oracle Textura to assist subcontractors in the US, and introduced Oracle Energy and Water Data Exchange for improved data sharing and AI insights.
Baker Hughes partners with Frontier Infrastructure to accelerate carbon capture and storage and power solutions, utilizing their technology and expertise.
Rusfertide met all primary and secondary endpoints in a Phase 3 trial for polycythemia vera, with strong efficacy and safety results, earning Protagonist $25 million.
With My Own Eyes, the Miami-based pop punk band founded in 2024, is excited to release their highly anticipated debut single, “Make Me Forget.” The track, available on all major streaming platforms, brings an infectious blend of raw emotion, catchy hooks, and high-energy guitar riffs that harken back to the glory days of early 2000s pop punk.
Philip Morris is considering selling its U.S. cigar business for over $1 billion as it shifts toward smoke-free products. The company aims for smoke-free sales to reach two-thirds of its revenue by 2030.
The Reuters report also stated that Advanced Micro Devices (AMD) is evaluating Intel’s technology but did not confirm whether AMD has submitted test chips for production.
Shares of chip designer Allegro MicroSystems (NASDAQALGM) jumped 22.3% in the morning session after Bloomberg reported the company is fielding takeover interests from peer, ON Semiconductor. The sources added that there could be other bidders in the mix too. Most acquisitions close at a premium, raising the possibility that existing investors could exit their positions at a higher price if Allegro strikes a deal with a buyer.
Shares of clinical research company Fortrea Holdings (NASDAQFTRE)
fell 18.5% in the pre-market session after the company delivered weak fourth-quarter 2024 results, with sales, operating profits, and earnings all falling short of Wall Street's expectations. Not exactly the kind of report investors like to see. But if there's a silver lining, it's the book-to-bill ratio of 1.35x which means demand for future orders is still strong, even though current revenues took a hit.
Boston Scientific will acquire SoniVie for up to $600 million on 100% basis, adding the TIVUS ultrasound system to its hypertension treatment pipeline. Deal closes in H1 2025.
Amgen and AstraZeneca's Tezspire showed significant reductions in nasal polyp severity, congestion, and surgery need in CRSwNP patients in the Phase 3 WAYPOINT trial.
Montrose Environmental Group selected by U.S. Air Force as one of the firms to provide environmental services, including contaminant remediation, over the next decade.
Shares of data-mining and analytics company Palantir (NYSEPLTR)
jumped 5.6% in the morning session after Wedbush analysts reaffirmed their Buy rating, suggesting they are unshaken in their resolve, despite the company surrendering most of its post-earnings (Q4 2024) stock gains amid worries about government budget cuts. The analysts highlighted Palantir's ability to win a bigger share of the remaining pie, citing its AI capabilities and involvement in key military projects.
Shares of electric vehicle pioneer Tesla (NASDAQTSLA) jumped 3.3% in the pre-market session after Morgan Stanley analyst Adam Jonas named the stock a "Top Pick," citing the potential in the autonomous vehicle market and robotics. Jonas added that "Tesla's YTD auto deliveries have been mostly below expectations, but not particularly narrative changing. Tesla's softer auto deliveries are emblematic of a company in the transition from an automotive 'pure play' to a highly diversified play on AI and robotics."
Shares of computer processor maker Intel (NASDAQINTC)
jumped 6.6% in the pre-market session after Reuters reported that Broadcom and Nvidia are running tests on Intel's 18A manufacturing process, highlighting the company's (INTC) progress and the potential to attract high-caliber customers. With high expectations surrounding Intel's Foundry business, these updates lend credibility to the growing hype, and even the speculation about a potential acquisition on the unit, suggesting there may be real substance behind it.
