Benzinga's Talk of the Town: Top Social Trending Stories You Need To Know

Oscar Nominations: The Academy of Motion Picture Arts and Sciences revealed 2023 Academy Award nominees. 'Everything Everywhere All At Once,' 'Top Gun: Maverick,' 'Avatar; The Way Of Water,' 'Women Talking,' were some of the best picture nominations. 

Elon Musk's 'Funding Secured': Tesla Inc's TSLA CEO Elon Musk's landmark "Funding Secured" tweet, which got him in legal trouble with the SEC, is back in the news. Musk told a civil court that he counted SpaceX stock to take Tesla private when he tweeted. Previously, Musk had said he had a handshake deal with Saudi Arabia's Investment fund to take the EV company private at $420.

M&M's: M&M's candy is breaking the internet. The chocolate company said it is taking an indefinite pause from the spokescandies after the candy's colors and shoe controversy. The company has introduced comedian and actress Maya Rudolph as the fun spokesperson.

Lululemon Athletica: Lululemon was trending not because of its 'Juicy pants' but its financial performance. Fears of macro headwinds affecting the company, analyst at Bernstein downgraded the stock. It's trading lower by 3% at the time of writing. 

Axcella Health: Microcap biotech firm Axcella Health AXLA announced a regulatory path to the registration of AXA1125 for Long COVID Fatigue. The company received regulatory guidance from the U.K.'s Medicines and Healthcare products Regulatory Agency (MHRA), supporting a single trial that could serve as the registration trial for patients with Long COVID fatigue. AXLA was up 51% at the time of writing.