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

What's trending on Social Media today:

Pakistan's Power Crisis: Pakistan, a 220 million-plus populated Asian country, was hit by a nationwide power outage. The outage included major cities like Karachi. Power minister Khurrum Dastagir said the national grid failure was followed by a "frequency variation" in southern Pakistan and dismissed it as not a major crisis, assuring the grid would be "up soon." Pakistan faces frequent power outages, with the last major blackout outage in October 2022.

Beyoncé: Megastar Beyoncé returned to the stage for her first live performance in five years. She headlined the opening event of the luxury hotel Atlantis The Royal. Many fans expressed discontent as her latest album Renaissance celebrated 'honoring black queer culture,' while Dubai, a city in the United Arab Emirates, is known for strict laws against same-sex relationships.

Spotify's Employee Cut: Popular music app Spotify Technology SPOT has become the latest tech company to downsize owing to macro headwinds. It expects to cut 6% of its employee base and expects to incur €35 million to €45 million in related charges.

Pilant Therapeutics Positive Lung Disorder Data: Small Cap biotech firm Pliant Therapeutics PLRX disclosed positive data from the Phase 2a clinical trial of bexotegrast in patients with idiopathic pulmonary fibrosis. The 320 mg group met its primary and secondary endpoints and also showed a strong treatment effect on FVC percent predicted (FVCpp), quality of life, and profibrotic biomarkers versus placebo at 12 weeks. PLRX stock jumped more than 60% on the news.

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