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Elon Musk has withdrawn his lawsuit against OpenAI and its co-founders, a day after criticizing Apple for partnering with OpenAI. The lawsuit, filed in February, was dismissed without prejudice. Musk's decision follows his threat to ban Apple devices from his companies if Apple integrates OpenAI technology at the OS level. Musk's AI startup, xAI, recently secured $6 billion in Series B funding.

Portfolio Pulse from Ananya Gairola

June 12, 2024 | 1:46 am

BMR

Beamr has announced that its cloud solution is now available in the Oracle Cloud Marketplace. The Beamr Cloud, enabled by NVIDIA accelerated computing, offers AI-ready video processing solutions to Oracle Cloud Infrastructure (OCI) customers.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 10:04 pm

AAPL

Apple Inc. (NASDAQ:AAPL) faces uncertainty regarding a monopoly case during its Worldwide Developers Conference (WWDC). The probability of Apple being seen as a monopoly fluctuated, peaking at 65% before dropping back to 61%. The class-action lawsuit accuses Apple of monopolizing digital storage through its iCloud service. Despite this, Apple's shares rose 7.26% to $207.15 following announcements at WWDC.

Portfolio Pulse from Michael Juliano

June 11, 2024 | 9:58 pm

MREO

RARE

Ultragenyx and Mereo reported positive 14-month results from the Phase 2 portion of their Phase 2/3 Orbit study. Treatment with setrusumab (UX143) resulted in a sustained 67% reduction in the annualized fracture rate in osteogenesis imperfecta (OI) patients and significant improvements in lumbar spine bone mineral density (BMD) at month 12.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 9:53 pm

TNXP

Tonix Pharmaceuticals plans to offer and sell shares of its common stock or pre-funded warrants. The proceeds will be used for working capital, general corporate purposes, preparation of a new drug application for Tonmya™, and debt repayment.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 9:20 pm

EA

EA Sports has announced Christian McCaffrey as the cover athlete for Madden NFL 25, set to release on August 16. The game will be available on PC, PlayStation, and Xbox platforms. Pre-orders are now open, with special editions offering early access.

Portfolio Pulse from Franca Quarneti

June 11, 2024 | 8:37 pm

GEF

Greif has announced a minimum 6% price increase on all tube, core, and protective packaging products.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 8:32 pm

GOOG

GOOGL

ORCL

Oracle Corp (NYSE:ORCL) reported Q4 earnings, missing revenue and EPS estimates. Despite this, the stock surged due to strong AI demand, a significant contract with OpenAI, and a new partnership with Google Cloud. Oracle's cloud revenue showed substantial growth, and the company expects continued strong AI demand to drive future sales. Oracle also declared a quarterly dividend.

Portfolio Pulse from Adam Eckert

June 11, 2024 | 8:27 pm

CLSK

MARA

RIOT

Cryptocurrency markets have sold off ahead of the CPI data release, with major coins like Bitcoin, Ethereum, and Dogecoin experiencing significant declines. Bitcoin mining stocks such as Marathon Digital, Riot Platforms, and CleanSpark are also moving. Notable developments include predictions of Bitcoin's future value and Tether's investment plans.

Portfolio Pulse from Khyathi Dalal

June 11, 2024 | 8:18 pm

RC

Ready Capital Corporation (NYSE:RC) has acquired Madison One Capital, M1 CUSO, and Madison One Lender Services, which are key players in the government guaranteed loan industry. The terms of the transaction were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 8:16 pm