Streetbeat News

Partnerships

DIS

Elon Musk announced on social media that he has been appointed as the Chief Diversity, Equity, and Inclusion (DEI) Officer at Disney, expressing enthusiasm to work with Disney's executives to make the content 'MORE woke.' However, the announcement was made on April 1, known for April Fools' Day pranks, and Disney has not made an official statement. This follows a series of public disputes between Musk and Disney, including accusations of 'institutional racism and sexism' by Musk.

Portfolio Pulse from Benzinga Neuro

April 01, 2024 | 9:20 am

VWAGY

SAIC Motor plans to lay off thousands of employees at its joint ventures with General Motors (GM) and Volkswagen (VWAGY), and at its Rising Auto EV brand. The layoffs aim to cut 30% of staff at SAIC-GM, 10% at SAIC-Volkswagen, and over half at Rising Auto, mainly through stricter performance standards and payouts for low-rated employees. This move comes amid intensifying competition in the Chinese EV market, dominated by BYD Co Ltd and Tesla Inc. SAIC, a Fortune Global 500 company, sold over 5 million vehicles in 2023, including 1.1 million NEVs.

Portfolio Pulse from Anan Ashraf

April 01, 2024 | 6:31 am

AMZN

META

MSFT

TSLA

This week in AI featured major developments from industry leaders like Elon Musk's xAI, Tesla, Meta Platforms, and Microsoft. Musk announced Grok 2, aiming to outperform competitors. Tesla is hiring for its Optimus Humanoid Robot, indicating a potential launch. Zuckerberg is personally recruiting AI talent from Google's DeepMind for Meta. Speculation about an AI bubble involves Nvidia, Amazon, and Microsoft, with warnings from analyst Richard Windsor. Microsoft's stock is predicted to rise due to its AI advancements.

Portfolio Pulse from Benzinga Neuro

March 31, 2024 | 5:16 am

CMND

CMPS

CYBN

FLHLF

HUGE

MDXXF

SILO

TRUFF

The article provides a comprehensive roundup of recent developments in the psychedelics sector, highlighting research findings, regulatory updates, and industry movements. Key highlights include the launch of Usona Institute's Phase 3 clinical trial on psilocybin for Major Depressive Disorder, partnerships for psilocybin research, and significant corporate changes within companies like Compass Pathways and Cybin. Additionally, several companies announced progress in clinical trials, patent approvals, and expansions in product distribution.

Portfolio Pulse from Lara Goldstein

March 30, 2024 | 12:57 pm

MSFT

Microsoft Corp. (NASDAQ:MSFT) and OpenAI are collaborating on a $100 billion supercomputer project named 'Stargate', expected to launch in 2028. The project aims to build the largest AI supercomputer, requiring extensive land and power resources. This initiative is part of a broader race for AI dominance, with Microsoft also making strategic hires and acquisitions to strengthen its AI capabilities.

Portfolio Pulse from Rounak Jain

March 30, 2024 | 7:30 am

RTX

SAVE

Spirit Airlines entered into an agreement with International Aero Engines, an affiliate of Pratt & Whitney, on March 26. The agreement provides Spirit Airlines with monthly credit through the end of 2024 as compensation for each aircraft that is unavailable for service due to GTF issues.

Portfolio Pulse from Charles Gross

March 29, 2024 | 7:25 pm

ATAI

META

MNMD

PSIL

TSLA

Beckley Psytech and atai Life Sciences announced positive results from a Phase 2a study of 5-MeO-DMT for Treatment Resistant Depression. Utah hospitals will soon offer psilocybin and MDMA therapy. Elon Musk discussed the benefits of ketamine for depression and its positive impact on investors. Meta is under investigation for potentially facilitating illegal drug sales. MindMed's CEO highlighted LSD's potential in a podcast. Various companies and ETFs are mentioned with their stock performance.

Portfolio Pulse from Lara Goldstein

March 29, 2024 | 4:43 pm

AMC

CGC

IONQ

MSTR

Benzinga's Stock Whisper Index highlights Canopy Growth Corp, JD.Com Inc, MicroStrategy Inc, AMC Entertainment Holdings Inc, and IonQ Inc as stocks to watch. Canopy Growth benefits from Germany's cannabis legalization, JD.Com sees investor interest post-earnings, MicroStrategy's Bitcoin strategy draws attention, AMC plans a stock offering, and IonQ announces strategic agreements and a new team member.

Portfolio Pulse from Chris Katje

March 29, 2024 | 2:01 pm

ALB

SQM

XOM

Chile plans to double its lithium output in the next decade by opening 26 new salt flats for extraction, aiming to address potential lithium shortages and meet the quadrupling global demand by 2030. Sociedad Química y Minera de Chile S.A. (SQM) and Albemarle Corporation (ALB) are key players in Chile's lithium sector. Meanwhile, in the U.S., companies like Tetra Technologies face regulatory hurdles in lithium extraction, despite partnerships like the one with Exxon Mobil (XOM) for lithium extraction in Arkansas.

Portfolio Pulse from Stjepan Kalinic

March 29, 2024 | 12:22 pm

KRE

'Rich Dad Poor Dad' author Robert Kiyosaki predicts a financial crisis in the US similar to China's, impacting baby boomers' retirement plans. He attributes the crisis to the collapse of major entities in China and warns of similar issues in the US commercial real estate sector. Kiyosaki advises investing in tangible assets like gold, silver, and Bitcoin over fiat currency or real estate investment trusts (REITs). The SPDR S&P Regional Banking ETF (KRE) is mentioned in relation to the challenges faced by the US banking system, including the exposure of regional banks to commercial real estate.

Portfolio Pulse from Shanthi Rexaline

March 29, 2024 | 12:12 pm