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RNAC

Cartesian Therapeutics received a termination notice from Audentes Therapeutics for their license and development agreement dated January 8, 2023, according to an SEC filing.

Portfolio Pulse from Happy Mohamed

March 14, 2024 | 12:04 pm

NXPI

PI

Impinj shares are trading higher following the announcement of a patent litigation settlement with NXP Semiconductors. This resolution removes a significant legal uncertainty for Impinj, potentially improving its market position and investor sentiment.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 11:09 am

BABA

GOOGL

META

MSFT

SNAP

The EU Commission has initiated an investigation into Alibaba's AliExpress over concerns regarding the sale of illegal products, pornographic materials, and the presence of hidden links on its platform. The investigation also seeks information from online platforms about generative AI.

Portfolio Pulse from Charles Gross

March 14, 2024 | 10:53 am

META

SNAP

Wedbush's Dan Ives discussed the potential impacts of a TikTok ban on major tech companies like Meta and Snap, describing it as a 'slippery slope' and a 'watershed moment.' The U.S. House of Representatives passed a bill that could lead to a TikTok ban if ByteDance doesn't sell the app. This development is seen as incrementally positive for Meta and Snap, but the situation remains uncertain as the bill moves to the Senate.

Portfolio Pulse from Benzinga Neuro

March 14, 2024 | 10:11 am

MSFT

OpenAI CTO Mira Murati revealed in an interview that the release of the Sora AI model is delayed due to concerns over its potential misuse for spreading misinformation. Despite its impressive demonstration, OpenAI, backed by Microsoft Corp. (NASDAQ:MSFT), is still refining Sora AI's safety features, including watermarking videos and establishing content provenance. The company is also considering the ethical implications of AI-generated content, such as the generation of videos involving nudity.

Portfolio Pulse from Rounak Jain

March 14, 2024 | 8:41 am

SQ

Jack Dorsey reminisced about starting to program Twitter in 2006, as shared by Bloomberg's Jon Erlichman on X. Dorsey, a co-creator and former CEO of Twitter, now owned by Elon Musk and renamed X, highlighted his nostalgic connection. Despite being fired from Twitter in 2008 and returning in 2015, Dorsey's journey includes rejecting an offer from Meta Platforms Inc. and witnessing Twitter's high-profile IPO in 2013. After Musk's acquisition, significant changes occurred, including layoffs and the unbanning of controversial accounts. The platform's value reportedly dropped to $19 billion, less than half of its purchase price, by October 2023.

Portfolio Pulse from Ananya Gairola

March 14, 2024 | 8:07 am

TSLA

Tesla Inc's Berlin gigafactory resumed production after a week-long pause due to an arson attack. CEO Elon Musk visited the factory, highlighting its recovery. The attack, claimed by the 'Vulkan' Group, temporarily halted production. Tesla aims to expand the factory's capacity for battery and car production.

Portfolio Pulse from Anan Ashraf

March 14, 2024 | 6:00 am

META

Gene Munster, managing partner at Deepwater Asset Management, echoed former President Donald Trump's views on a potential TikTok ban, suggesting it could benefit Meta Platforms Inc. (META) as users might turn to Instagram Reels. The U.S. House passed a bill requiring ByteDance to divest TikTok within a year or face a ban. The bill's future in the Senate remains uncertain, with Munster estimating a 25% chance of a TikTok ban. Trump has expressed mixed feelings about the ban, noting it could inadvertently benefit Facebook (owned by Meta).

Portfolio Pulse from Ananya Gairola

March 14, 2024 | 4:39 am

AAPL

TSLA

The TikTok crackdown bill, approved by the House and heading to the Senate, could lead to China retaliating against U.S. companies, notably Apple Inc (AAPL) and Tesla Inc (TSLA), as per Eric Jackson of EMJCapital. The bill aims to force TikTok's Chinese owners to sell the app or face a U.S. ban, raising concerns about potential impacts on Apple and Tesla's operations in China.

Portfolio Pulse from Benzinga Neuro

March 14, 2024 | 2:12 am

CB

Chubb Ltd (NYSE:CB) CEO Evan Greenberg clarified that underwriting Donald Trump's $91.63M appeal bond in the E. Jean Carroll defamation lawsuit does not imply support for any party. The decision was based on supporting the rule of law, and the bond is fully collateralized. Trump's bond payment has raised concerns about national security and his ability to serve as president.

Portfolio Pulse from Benzinga Neuro

March 14, 2024 | 12:42 am