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BOX

Box, Inc. has acquired Crooze, a provider of no-code enterprise content management applications. Crooze's technology, including a no-code app builder and metadata tools, will be integrated into Box's Content Cloud to modernize enterprise content management (ECM) and enhance business processes like contract management and digital asset management. The acquisition aims to leverage AI and metadata to transform ECM, with Box continuing to offer Crooze products and planning to announce new capabilities later this year. The ECM market is expected to grow from $15.1 billion in 2022 to $23.8 billion in 2027.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 4:00 pm

WBA

Walgreens Boots Alliance Inc (NASDAQ:WBA) is exploring options for its specialty pharmacy business, Shields Health Solutions, which could lead to a sale exceeding $4 billion. This move is part of Walgreens' turnaround strategy to improve its financial situation. The company has engaged advisers to gauge interest from private equity and healthcare firms, although a final decision has not been made. Walgreens has faced a 38% decline in share value over the past year and has implemented cost-cutting measures, including halving its dividend and considering the sale of its international Boots chain.

Portfolio Pulse from Vandana Singh

January 24, 2024 | 3:44 pm

WSM

In a CNBC interview, Williams-Sonoma CEO Laura Alber stated that the company is impacted by developments at the Red Sea and is actively rerouting and working on contingency plans to address the situation.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 3:41 pm

BA

SPY

Boeing CEO is engaging with senators to address inquiries following the grounding of the Max 9 aircraft. This proactive approach may be aimed at managing regulatory concerns and maintaining confidence in Boeing's commitment to safety and compliance.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 3:12 pm

SRAD

Sportradar's CFO, Gerard Griffin, has announced his departure due to personal reasons, effective May 31, 2024, or sooner if a successor is appointed. Sportradar has begun the search for a new CFO and plans to announce Griffin's replacement before his exit.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 2:50 pm

AAPL

INTC

SSNLF

The article celebrates the 40th anniversary of the Macintosh, highlighting its impact on personal computing and Apple Inc.'s (AAPL) growth. It details the historical significance of the Macintosh and Apple's stock performance since its launch. Apple's stock has increased by 159,281% since January 24, 1984. The article also touches on Apple's transition to its own silicon, moving away from Intel Corp. (INTC) chips, and mentions Samsung Electronics Co Ltd. (OTCPK: SSNLF) as a former partner in chipset design. Apple's market capitalization is currently $3.017 trillion, with predictions of reaching $4 trillion by the end of 2024.

Portfolio Pulse from Rounak Jain

January 24, 2024 | 2:44 pm

AAPL

SPOT

Spotify Technology SA (NYSE:SPOT) plans to allow European users to make in-app purchases directly, circumventing Apple Inc.'s (NASDAQ:AAPL) 30% App Store fee. This change, set for March, aligns with the new European competition law, the Digital Markets Act (DMA), which mandates equal treatment for all apps. Spotify has been in a legal dispute with Apple over the fee structure, which it claims forced them to increase subscription prices. Apple is challenging the EU's decision and is facing a $1 billion lawsuit from app developers.

Portfolio Pulse from Benzinga Neuro

January 24, 2024 | 2:42 pm

JPM

JPMorgan Chase & Co. (NYSE:JPM) faces 45 billion hacking attempts daily, a figure that has doubled since last year. CEO Mary Erdoes highlighted the bank's $15 billion annual technology spend and workforce of 62,000 technologists, emphasizing cybersecurity. CEO Jamie Dimon considers cyber attacks the biggest threat to the U.S. financial system, leading JPMorgan to employ more engineers than tech giants like Google or Amazon. Despite a correction stating the 45 billion figure includes all observed activity, the threat is taken seriously, especially after a massive data breach in 2014. Cyber insurance costs have also risen sharply, with rates increasing significantly in 2021 and 2022.

Portfolio Pulse from Caleb Naysmith

January 24, 2024 | 2:39 pm

AMZN

GOOGL

META

MSFT

NVDA

A leaked draft of the EU's AI Act suggests tight timelines and high compliance costs, potentially stifling innovation and disadvantaging startups. Intellectual property lawyers believe this could benefit US AI firms like Microsoft, Amazon, Nvidia, Facebook, and Google, which operate under a more lenient regulatory framework. The EU's first-mover approach in AI regulation may inadvertently strengthen the US's position in the AI industry.

Portfolio Pulse from Neil Dennis

January 24, 2024 | 2:37 pm

BITF

Bitfarms Ltd (NASDAQ:BITF) shares are trading higher after the company announced the purchase of land for a new 100 MW production facility in Yguazu, Paraguay. The facility, expected to be completed in the second half of 2024, aims to support Bitfarms' goal of achieving a corporate hashrate of 21 EH/s by the end of 2024. The project will utilize low-cost renewable hydropower, with over 85% of Bitfarms' portfolio to be powered by green energy. The company anticipates that the new facility will improve hashrate, energy efficiency, and cost per Bitcoin, positioning Bitfarms to benefit from potential Bitcoin price increases and the upcoming Halving event. Bitfarms shares were up 4.46% at $2.11 at the time of writing.

Portfolio Pulse from Adam Eckert

January 24, 2024 | 2:25 pm