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BAC

JPM

MS

V

Analysts have provided updates on financial stocks Visa Inc. (V), JPMorgan Chase & Co. (JPM), Bank of America Corporation (BAC), and Morgan Stanley (MS). Coverage includes new ratings, price target changes, and recent news such as Visa's collaboration with International Money Express, JPMorgan's acquisition of a stake in Indra, and Bank of America's preferred stock dividends. Analysts' accuracy rates and expected stock movements are highlighted.

Portfolio Pulse from Avi Kapoor

December 27, 2023 | 1:13 pm

SQ

The cannabis industry saw significant milestones in 2023, including Ohio legalizing recreational marijuana and President Biden pardoning cannabis possession convicts. A lawsuit against U.S. Attorney General Merrick Garland by cannabis operators challenges the Controlled Substances Act's enforcement. Jane Technologies partnered with Square (NYSE:SQ) for online cannabis dispensary services. The industry faces capital challenges due to lack of federal legalization, affecting liquidity and innovation. 24 states have enacted record clearance laws, and 10 have resentencing laws for cannabis offenses.

Portfolio Pulse from Nina Zdinjak

December 27, 2023 | 12:46 pm

BKYI

CRRFY

BIO-key International Inc (BKYI) shares are trading higher after announcing that Carrefour (CRRFY) is integrating BIO-key's AuthControl Sentry cloud solution in Spain through a partnership with Evolutio. This solution is part of Carrefour's commitment to data security and will protect access to critical services for Carrefour's 6,500 employees in Spain. Earlier in the month, BKYI also partnered with Ping Identity to offer biometric authentication to its customers. BKYI shares have risen 9.09% to $3.00 in premarket trading.

Portfolio Pulse from Lekha Gupta

December 27, 2023 | 12:16 pm

SYBX

Synlogic has secured a $1 million contract with the Air Force Research Lab to support the development of a live probiotic product. This contract could potentially lead to further research and development opportunities for Synlogic in collaboration with the military.

Portfolio Pulse from Benzinga Newsdesk

December 27, 2023 | 12:03 pm

NIO

TCEHY

NIO Inc. (NYSE:NIO) has completed a $2.2 billion strategic equity investment from CYVN Investments RSC. CYVN now holds a 20.1% ownership stake in NIO and can nominate two directors to NIO's board. The investment will help NIO enhance its balance sheet, brand positioning, sales, service capabilities, and invest in core technologies amid a competitive EV landscape. Tencent Holding Ltd. (NASDAQ:TCEHY) previously sold shares to CYVN as part of the investment.

Portfolio Pulse from Nabaparna Bhattacharya

December 27, 2023 | 11:13 am

FWBI

First Wave BioPharma has entered a non-binding term sheet to sell its Niclosamide program for inflammatory bowel diseases to an undisclosed biopharmaceutical company. The deal includes a low seven-figure upfront payment and future economic benefits from milestones and royalties. This move will allow First Wave BioPharma to concentrate on its late-stage clinical programs: Capeserod, Adrulipase, and Latiglutenase, following a potential business combination with ImmunogenX.

Portfolio Pulse from Benzinga Newsdesk

December 27, 2023 | 11:04 am

META

MSFT

Yann LeCun, Meta Platforms Inc.'s chief AI scientist, criticized OpenAI for its lack of transparency in research, suggesting the research world is losing interest in the company. He highlighted the instability caused by recent events at OpenAI, including the temporary ousting of co-founder Sam Altman. Despite this, OpenAI is reportedly in talks to raise funds at a $100 billion valuation. LeCun contrasted OpenAI's approach with Meta's open-source Llama 2 model, aligning with his belief in keeping AI research open and secure.

Portfolio Pulse from Rounak Jain

December 27, 2023 | 10:09 am

MSFT

Microsoft Corporation (NASDAQ:MSFT) has launched a standalone AI-driven Copilot app for Android, featuring ChatGPT-like capabilities, DALL-E 3 image creation, and access to OpenAI's GPT-4 model. The app is available on the Google Play Store. This move follows Microsoft's rebranding of Bing Chat to Copilot and the expansion of Copilot to all Windows users. The Copilot app signifies Microsoft's ongoing commitment to AI integration in its products, with an iOS version expected soon.

Portfolio Pulse from Ananya Gairola

December 27, 2023 | 9:01 am

EH

EHang Holdings Limited (NASDAQ:EH), a leader in urban air mobility technology, has launched a UAM Operation Demonstration Center at OH Bay in Shenzhen's Bao'an district. This follows a strategic partnership with the local government and is a step towards initiating aerial sightseeing services.

Portfolio Pulse from Benzinga Newsdesk

December 27, 2023 | 7:15 am

JNPR

Arirang TV has upgraded its broadcasting capabilities globally by implementing a Juniper Networks-powered infrastructure. This new setup provides nanosecond-level latency, allowing Arirang TV to offer continuous 24/7 broadcasts to 105 countries.

Portfolio Pulse from Benzinga Newsdesk

December 27, 2023 | 6:17 am