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AAPL

Gene Munster, a prominent tech analyst, highlighted a significant development from Apple Inc.'s iPad launch event, focusing on the unveiling of the M4 chip. This chip represents a step forward in Apple's AI ambitions, showcasing the company's accelerated pace in updating its silicon technology. The M4 chip, designed to enhance AI tasks, indicates Apple's strategy to leverage hardware as a competitive advantage in AI. This move aligns with Apple's broader focus on AI, as evidenced by its recent AI model ReALM, which outperforms OpenAI's GPT-4, and its anticipation of an AI strategy announcement at the upcoming WWDC.

Portfolio Pulse from Rounak Jain

May 08, 2024 | 11:11 am

TRAK

ReposiTrak is set to expand its traceability network by incorporating 20 new seafood companies, leveraging its SaaS platform for inventory management and reducing out-of-stocks.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 11:10 am

EXFY

Expensify has announced the upcoming launch of Expensify Travel, a new platform aimed at enhancing travel experiences for its users. This move represents a significant expansion of Expensify's service offerings beyond its traditional expense management solutions.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 11:08 am

ENVB

Enveric Biosciences (NASDAQ:ENVB), a psychedelics biotech firm, has signed a $61M non-binding term sheet for exclusive licensing of two patented methods using cannabinoids with chemotherapy for cancer treatment. The licensee, undisclosed, will handle all future development, with Enveric receiving up to $61M plus 2.5% to 10% royalties on sales. This deal highlights Enveric's discovery capabilities and its potential in advancing cancer treatments.

Portfolio Pulse from Nina Zdinjak

May 08, 2024 | 11:06 am

UBER

Uber has acknowledged the existence of near-term challenges in its Freight category but remains optimistic about its long-term prospects. The company believes that its technology, shipper platform, and marketplace flywheel will provide a sustainable cost advantage and drive profitable growth over time.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 11:02 am

ACM

AECOM, in a joint venture with Arup, has been selected as the design and consenting service partner for the UK National Grid's Great Grid Partnership. This project aims to enhance the UK's power transmission network, supporting the country's transition to renewable energy. The partnership underscores AECOM's strategic expansion in infrastructure and energy services, potentially boosting its market position and future revenue streams.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 10:56 am

ALB

MLM

Albemarle has entered into an innovative agreement with Martin Marietta Materials for the beneficial use of extracted limestone from Albemarle's proposed Kings Mountain Mine project. This collaboration highlights a strategic partnership aimed at utilizing resources efficiently and could signal positive environmental and operational synergies between the two companies.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 10:52 am

BTCUSD

TSLA

Austin, led by Tesla and Elon Musk, is the fastest-growing city for millionaires in the U.S., with a 110% increase in millionaire residents. New York City remains the wealthiest, with 349,500 millionaires. Globally, Shenzhen is the fastest-growing city for the wealthy, with a 140% increase. Financial markets and tech advancements have significantly contributed to wealth growth, despite geopolitical tensions affecting cities like Moscow.

Portfolio Pulse from Shanthi Rexaline

May 08, 2024 | 10:50 am

BHP

IE

Ivanhoe Electric (IE) has announced an exploration alliance with BHP to expedite the search for copper and other critical minerals in the United States. This partnership aims to leverage both companies' resources and expertise to address the growing demand for these essential resources.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 10:49 am

IGT

International Game Technology (IGT) announced a five-year contract through its subsidiary, IGT Global Solutions Corporation, with the Atlantic Lottery Corporation. This agreement aims to enhance gaming experiences in Atlantic Canada by introducing high-performing features and new games.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 10:48 am