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QCOM

Nakul Duggal, an executive at Qualcomm, has stated that offloading data on the cloud will improve economics, address privacy concerns, and reduce latency. This suggests that Qualcomm is focusing on cloud technology to enhance its services.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 3:30 pm

AMZN

Sarab Narang from Amazon has stated that machine learning is not a new concept for the company. No further details were provided in the news.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 3:13 pm

AMZN

BUD

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MSFT

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UL

Digital freight startup Convoy, backed by prominent figures such as Bill Gates and Jeff Bezos, is suspending operations and considering selling its technology due to challenges in the freight market. The company's clients included Home Depot, Procter & Gamble, Unilever, and Anheuser-Busch Inbev.

Portfolio Pulse from Vandana Singh

October 19, 2023 | 3:04 pm

AMZN

Sarab Narang, the Global Head of Machine Learning & Generative AI GTM at Amazon Web Services, has begun his keynote address. The content of the address is not provided in the news.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 3:03 pm

BEAM

Beam Therapeutics announced portfolio prioritization and strategic restructuring, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 2:37 pm

AAPL

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NFLX

SPY

TSLA

The article covers a range of topics including US markets, crypto, US politics, world politics, US economy, Israel-Hamas conflict, tech, electric vehicle, consumer, and communication. Key points include Tesla's Q3 results impacting Wall Street, US Treasury imposing sanctions on Gaza crypto business, Apple's Tim Cook meeting with Chinese Commerce Minister amid iPhone ban concerns, and analysts raising concerns over potential revenue decline for Apple. Netflix's price hike and Tesla's challenges in reaching volume production for Cybertruck are also mentioned.

Portfolio Pulse from Akanksha Bakshi

October 19, 2023 | 2:35 pm

LFST

LifeStance Health (NASDAQ:LFST), a large outpatient mental health platform, is facing allegations of overbilling, fraudulent billing, and unfair and deceptive business practices. The Bear Cave has uncovered numerous complaints against the company, including scheduling therapy appointments without patient knowledge to incur cancellation and no-show fees, adding unearned billing codes to patient bills, and sending bills to people who have never used its services. The company also has a high executive turnover and a concerning Compliance Committee oversight. The Better Business Bureau has given the company an F rating and issued an alert over a pattern of complaints.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 2:34 pm

CSX

CSX Corporation has ratified a paid sick leave agreement with the SCL property for the Brotherhood of Railroad Signalmen, covering nearly 400 employees. This agreement is part of CSX's ongoing commitment to employee welfare and follows a series of successful negotiations with various railroad unions earlier this year.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 2:24 pm

TASK

TaskUs has announced that Frontiers in Psychiatry has published a peer-reviewed research study investigating trait-based, pre-hire screening for content moderators. The study aims to improve the hiring process and mental health outcomes for content moderators.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 1:14 pm

NET

Cloudflare is expanding its operations in Mexico, as part of its growth strategy in Latin America. This move comes amid an increase in cyber attacks, necessitating a stronger infrastructure and customer base in the region.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 1:11 pm