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VSAT

Royal Jordanian Airlines has partnered with Viasat to provide high-speed Wi-Fi across multiple fleets, aiming to enhance future passenger experiences with Viasat's in-flight connectivity solution.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 10:05 am

FWBI

First Wave BioPharma Inc (NASDAQ:FWBI) has completed its merger with ImmunogenX, focusing on advancing a gastrointestinal pipeline with a Phase 3-ready candidate for Celiac Disease, latiglutenase. The company plans to license commercial rights in the U.S. and Canada and seek financing for development. The acquisition adds a significant asset to First Wave BioPharma's portfolio in a market with no approved pharmacologic treatment.

Portfolio Pulse from Vandana Singh

March 14, 2024 | 10:00 am

AAPL

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NVDA

Foxconn, an Apple Inc. supplier, is partnering with Nvidia to enter the AI server market, as reported by analyst Ming-Chi Kuo. Nvidia has shifted its strategy on the GB200 GPU development, reducing reliance on Foxconn's Ingrasys, which may affect market perceptions of Foxconn's advantages. The GB200 GPU, crucial for 2024-2025 AI strategies, faces low shipment visibility due to customer concerns over ROI and bargaining power with Nvidia. This move by Foxconn aims to counteract its revenue dip amid slow market demand.

Portfolio Pulse from Ananya Gairola

March 14, 2024 | 9:31 am

WISH

ContextLogic has signed satirical YouTubers Zac Alsop and Grandpa Ray for a fashion category campaign running from March to May 2024. This strategic move aims to leverage their influence to boost the brand's visibility and appeal within the fashion sector.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 9:31 am

MGNI

Magnite (NASDAQ:MGNI) and Mediaocean have announced an exclusive partnership to enhance automation and efficiency in media planning, execution, and reconciliation for streaming TV. This collaboration leverages Magnite's ClearLine solution, allowing Prisma users to directly activate streaming campaigns with premium video sellers. The partnership expands on a 2023 agreement integrating Magnite's streaming inventory into Mediaocean's advertising infrastructure for local TV buyers.

Portfolio Pulse from Charles Gross

March 14, 2024 | 9:25 am

ETHUSD

HAIUSD

Hacken, a blockchain security company, announced the tokenization of its equity, linking it to its native cryptocurrency HAI, causing a 12% surge in HAI's trading volume and pushing its market cap to $57M. Hacken plans to convert 10% of its equity into tokenized shares on the Ethereum blockchain, equivalent to 100 million HAI tokens. Additionally, Hacken intends to burn 87% of the HAI tokens acquired in this process as part of its goal to become a publicly traded entity.

Portfolio Pulse from Mehab Qureshi

March 14, 2024 | 9:12 am

MSFT

OpenAI CTO Mira Murati revealed in an interview that the release of the Sora AI model is delayed due to concerns over its potential misuse for spreading misinformation. Despite its impressive demonstration, OpenAI, backed by Microsoft Corp. (NASDAQ:MSFT), is still refining Sora AI's safety features, including watermarking videos and establishing content provenance. The company is also considering the ethical implications of AI-generated content, such as the generation of videos involving nudity.

Portfolio Pulse from Rounak Jain

March 14, 2024 | 8:41 am

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GM

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TSLA

VWAGY

The electric vehicle (EV) market is experiencing a slowdown, leading major automakers like Ford, General Motors, Mercedes-Benz, Volkswagen, Jaguar Land Rover, and Aston Martin to adjust their strategies towards offering a mix of gas-powered, hybrid, and fully electric vehicles. Despite a record 1.2 million EV sales in the U.S. last year, the growth rate has not met expectations, prompting a more balanced approach to vehicle offerings. Fisker Inc issued a going-concern warning and announced workforce reductions due to financial struggles, while Tesla remains optimistic about its future, supported by its AI and Full Self-Driving technology.

Portfolio Pulse from Benzinga Neuro

March 14, 2024 | 8:38 am

ALGT

Allegiant Travel has introduced new spring inflight menu options, featuring both familiar favorites and brand-new offerings, aimed at enhancing the travel experience for its passengers.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 8:13 am

ORCL

Oracle has introduced new AI capabilities in its Oracle Fusion Data Intelligence, aimed at enhancing decision making for Oracle Fusion Cloud Applications customers by integrating data-driven insights with intelligent actions.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 8:10 am