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AMGN

ARKG

Ark Invest, led by Cathie Wood, acquired $3.54M in Amgen shares after the biopharma company announced progress in its obesity drug pipeline. The purchase increased Amgen's weighting in the ARK Genomic Revolution ETF (ARKG) to 1.06%. Amgen's update included a focus on MariTide, an injectable obesity drug, with Phase 2 trial results expected in late 2024. The obesity drug market is valued at $100 billion. ARKG's stock rose 3.51% following the news.

Portfolio Pulse from Shanthi Rexaline

May 05, 2024 | 7:16 pm

BTCUSD

DOGEUSD

SOLUSD

The article discusses the reasons behind the growing fatigue among cryptocurrency investors, highlighting the emotional rollercoaster caused by the volatile crypto market. It mentions Tesla's adoption of Dogecoin (DOGE), the performance of Bitcoin (BTC), and the rise of meme coins like dogwifhat (WIF) and Solana (SOL). Despite the market's ups and downs, the article advises against giving up on crypto, citing long-term trends and offering tips from experienced traders on managing the emotional challenges of crypto investing.

Portfolio Pulse from Ivan Crnogatić

May 05, 2024 | 6:53 pm

INTC

META

PLTR

TSLA

This week in AI news, Elon Musk and Mark Zuckerberg were noted for their absence from a new AI Safety Institute, while Cathie Wood's Ark Invest made significant trades in Palantir and Meta Platforms. Intel Corp gained popularity among Redditors despite setbacks, and tech reviewer MKBHD reviewed the Rabbit R1 AI device critically. Musk expressed mixed feelings about AI investment, responding to forecasts by Peter Diamandis.

Portfolio Pulse from Benzinga Neuro

May 05, 2024 | 11:00 am

AAPL

Apple Inc. (NASDAQ:AAPL) experienced a mixed week with Q2 earnings surpassing expectations, a $110 billion stock buyback announcement, and a dividend increase, despite a slump in iPhone sales and criticism of Siri. The earnings beat and buyback announcement led to a 3.5% stock rise, while iPhone sales dropped 16% year-on-year in Q1 2024. Elon Musk commented negatively on Siri, and a new leak provided details on the iPhone 16.

Portfolio Pulse from Benzinga Neuro

May 05, 2024 | 10:00 am

BTCUSD

DOGEUSD

ETHUSD

SHIBUSD

The cryptocurrency market experienced a volatile week, with Shiba Inu's burn rate surging by 800%, leading to positive sentiment and price increases. Major cryptocurrencies like Bitcoin, Ethereum, and Dogecoin faced heavy losses in April but saw a rally as market sentiment improved in May. The article also discusses the potential fading of certain altcoins in favor of stronger performers and Bitcoin, and speculates on the future performance of Dogecoin and Shiba Inu.

Portfolio Pulse from Benzinga Neuro

May 05, 2024 | 5:15 am

AJG

AON

BRK

BRO

MMC

WTW

Ajit Jain, vice chairman of insurance operations at Berkshire Hathaway, expressed caution towards cyber insurance due to its inherent risks and the current lack of sufficient data to understand true loss costs. Despite the cyber insurance market's growth to a $10 billion industry with high profitability, Jain highlighted the challenges in quantifying losses and the potential for significant aggregation losses. He advised against writing cyber insurance policies, indicating that it often results in losses. This stance comes amid a surge in cyberattacks since the pandemic. Major US-listed companies providing cyber insurance include Marsh & McLennan, Aon Plc, Arthur J. Gallagher & Co., Brown & Brown, and Willis Towers Watson. Berkshire Hathaway reported a significant increase in first-quarter operating earnings, attributed to its insurance businesses.

Portfolio Pulse from Nabaparna Bhattacharya

May 04, 2024 | 10:12 pm

DOGEUSD

FLOKIUSD

PEPEUSD

Over the weekend, meme coins experienced significant gains, led by Dogwifhat (WIF), with Dogecoin (DOGE), Floki (FLOKI), and Pepe (PEPE) also posting double-digit increases. The rally was attributed to sustained strength in the cryptocurrency market, influenced by the Federal Reserve's rate decision and dovish comments by Jerome Powell. Reports of Tesla accepting Doge for payments on its online shop contributed to the momentum, alongside predictions of a bull run for Doge by crypto analyst Ali Martinez.

Portfolio Pulse from Shanthi Rexaline

May 04, 2024 | 8:44 pm

AIQ

Warren Buffett expressed concerns about the potential dangers and benefits of artificial intelligence (AI) at Berkshire Hathaway's annual shareholder meeting. He compared AI to the 'genie out of the bottle' analogy, similar to nuclear weapons, highlighting its potential for both good and harm. Despite his fears, Buffett acknowledged AI's significant importance and potential benefits. The article also mentions the increasing essential role of AI in the corporate world and consumer lives, with references to opinions from other tech leaders like Elon Musk and Nvidia's Jensen Huang on AI regulation and human job displacement. The Global X Artificial Intelligence & Technology ETF (AIQ) is noted for its positive performance, indicating investor interest in the AI sector.

Portfolio Pulse from Shanthi Rexaline

May 04, 2024 | 6:11 pm

DOGEUSD

TSLA

Tesla Inc. (NASDAQ:TSLA) has officially adopted Dogecoin (CRYPTO: DOGE) as a payment option for merchandise on its online platform, causing a surge in DOGE's value by over 21%. This move, hinted at future expansions, marks another significant step in Elon Musk's support for the meme cryptocurrency, which has previously led to notable fluctuations in DOGE's market price.

Portfolio Pulse from Bibhu Pattnaik

May 04, 2024 | 5:46 pm

DOGE

SHIB

TRUMP

MAGA Memecoin (CRYPTO: TRUMP), a Trump-themed cryptocurrency, is gaining attention as the 2024 election approaches, with its chief marketing officer, Steven Steele, suggesting its value could rise with Donald Trump's potential re-election. The coin, which has donated over $1 million in Ethereum to charity, aims to rival Dogecoin and Shiba Inu in popularity. Despite competition from other political meme coins like BODEN, Steele remains optimistic about TRUMP's prospects. Donald Trump's changing stance on cryptocurrencies and his significant holding in TRUMP add to the coin's visibility.

Portfolio Pulse from Ivan Crnogatić

May 04, 2024 | 5:08 pm