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Apple Inc. executives Johny Srouji and John Ternus revealed the reasons behind the superior performance and efficiency of Apple's chips, such as the A17 Pro in the iPhone 15 Pro models. Apple's vertical integration and close coordination among hardware, silicon, and software teams allow for optimized chip design unique to Apple products. This approach contrasts with rivals like Google and Qualcomm, who rely on designs from Arm Holdings and Qualcomm. Apple has also ceased using Intel chips in Macs, favoring its own M-series chips.

Portfolio Pulse from Rounak Jain

December 24, 2023 | 1:54 pm

MA

V

Aylo Holdings, the parent company of Pornhub.com, has been arraigned on charges of profiting from sex trafficking proceeds and agreed to pay a $1.84 million fine. The charges stem from Aylo's hosting of videos from GirlsDoPorn, which were allegedly created through sex trafficking. Despite receiving complaints and content removal requests, Aylo continued to profit from the partnership until 2019. The FBI conducted the investigation. In 2020, Visa (V) and Mastercard (MA) severed ties with Pornhub over related accusations.

Portfolio Pulse from Nabaparna Bhattacharya

December 23, 2023 | 8:40 pm

F

GM

SIRI

President Joe Biden, an automobile enthusiast, expressed his fondness for his 1967 Corvette Stingray, a family heirloom and a gift from his father. In an interview with Conan O'Brien, Biden reminisced about the car's sentimental value and his love for driving, despite not knowing much about engines. He also discussed the potential of electric vehicles (EVs), praising the electric Corvette's acceleration and the electric Ford Bronco. Biden's support for the transition to EVs aligns with his administration's goals for federal employees to adopt or support electric vehicles.

Portfolio Pulse from Chris Katje

December 23, 2023 | 6:57 pm

FXCOF

MSFT

Microsoft Corp. (NASDAQ:MSFT) has purchased a 407-acre property in Wisconsin, which includes a pumpkin farm, for $76 million. The acquisition is part of Microsoft's plans to build a data center campus in the area, with an initial employment of 200 people, potentially increasing to over 460. The property is adjacent to another plot Microsoft previously bought for $99.7 million. The deal concludes a period of uncertainty in the village after Foxconn (OTCPK: FXCOF) scaled back its $10 billion investment to $672 million.

Portfolio Pulse from Rounak Jain

December 23, 2023 | 5:48 pm

SONY

Insomniac Games, a subsidiary of Sony Group Corp. (NYSE:SONY), has been the victim of a cyberattack by the Rhysida ransomware group, resulting in the theft of 1.67 terabytes of data, including personal employee information and details about the upcoming game 'Marvel's Wolverine' for PlayStation 5. The hackers demanded a $2 million ransom. Despite the attack, Insomniac Games remains committed to the game's development and is receiving support from Sony, which is investigating the incident. This follows a previous breach in October 2023 affecting Sony employees.

Portfolio Pulse from Franca Quarneti

December 23, 2023 | 4:17 pm

BRK

MS

Morgan Stanley CEO James Gorman agrees with Warren Buffett's view that poor management decisions led to recent bank failures. In an interview, Gorman criticized the mismanagement and recklessness of banks, specifically citing the collapses of Silicon Valley Bank and others as 'entirely their own doing.' Despite this, he remains optimistic about the future of investment banks, predicting a surge in activity once interest rates stabilize.

Portfolio Pulse from Ananya Gairola

December 23, 2023 | 6:28 am

GOOG

GOOGL

Alphabet Inc's Waymo has achieved significant milestones this year, including providing over 700,000 autonomous rides and expanding its operation areas. The co-CEOs highlighted the safety of Waymo Driver, which was involved in fewer crashes compared to human drivers. Despite industry challenges, including calls for federal regulation and a recent accident involving a Cruise AV, Waymo's performance in terms of miles traveled before a crash surpasses that of Cruise and the average human driver.

Portfolio Pulse from Anan Ashraf

December 23, 2023 | 5:51 am

AWIN

AERWINS Technologies has announced a Letter of Intent (LOI) concerning the design, development, manufacturing, sales, and marketing of a single-seat optionally manned air vehicle. Additionally, AERWINS has agreed to provide up to $1.7 million in working capital to the operating company for its operations over the next 12 months, as detailed in an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 9:37 pm

AWIN

AERWINS Technologies has signed a Letter of Intent with Helicopter Technology Company to form a new entity. According to the SEC filing, AERWINS will own 70% of the new entity, while Helicopter Technology will own the remaining 30%.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 9:36 pm

COP

ConocoPhillips (NYSE:COP) has decided to proceed with the Willow project in Alaska, following a Final Investment Decision and support from the Department of the Interior and court orders. The project is expected to generate significant revenue and reduce U.S. dependence on foreign energy. It will create jobs and has been designed with environmental considerations and local community input.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 9:32 pm