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AAPL

Apple Inc. (NASDAQ:AAPL) is set to allow developers in the European Union to distribute iOS apps directly from their websites, a significant policy change. This new distribution method, available through a forthcoming software update, requires developers to adhere to Apple's strict app development and notarization rules. The move aligns with the EU's Digital Markets Act and is part of Apple's efforts to support alternative app stores in the region. Apple's stock was slightly up following the announcement.

Portfolio Pulse from Rounak Jain

March 12, 2024 | 3:11 pm

BA

In February, Boeing reported significant activity including gross orders for 4 787-9s for Royal Brunei Airlines, 10 737 MAXs, and 1 777 Freighter. The company also delivered a total of 27 jetliners, comprising 17 737 MAXs, one P-8, 7 787-9 Dreamliners, and 2 767s.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 3:03 pm

BGXX

Bright Green Corp (NASDAQ:BGXX) has signed a $250M agreement with Dalsem Greenhouse Technologies BV to expand its drug production facility in New Mexico, adding 7M square feet of manufacturing space. The expansion, supported by $60M in financing, aims to enhance the production of Schedule I and II controlled substances, aligning with the 'Drugs Made in America' initiative. The project, benefiting from solar power and federal tax credits, positions Bright Green as a competitive, low-cost, carbon-neutral drug manufacturer in the U.S.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 3:02 pm

AAPL

GOOG

VGT

XLK

Apple Inc is exploring AI-driven advertising in its App Store, testing an automated product similar to those of Alphabet Inc and Meta. This initiative, currently in a trial phase with select advertisers, aims to optimize ad placements across various formats, targeting specific audiences and regions. Apple's focus on AI and advertising, including potential expansions into Maps and Apple TV+, could significantly impact its revenue, with projections of $7 billion this year from advertising ventures. Investors can gain exposure to Apple through ETFs like Vanguard Information Tech ETF and SPDR Select Sector Fund - Technology.

Portfolio Pulse from Anusuya Lahiri

March 12, 2024 | 3:02 pm

OXY

XOM

Saudi Aramco and ADNOC are venturing into lithium production from brine in their oilfields to diversify and meet the growing demand for EVs, similar to Exxon Mobil's efforts in Arkansas. Despite a profit decline, Aramco increased its dividend payout. The long-term prospects for lithium remain promising despite recent price drops. Gulf companies are exploring eco-friendly Direct Lithium Extraction (DLE) technologies, avoiding traditional, environmentally harmful methods. Exxon Mobil and Occidental Petroleum are also investigating DLE technologies.

Portfolio Pulse from Stjepan Kalinic

March 12, 2024 | 3:00 pm

AMZN

zuMedia Inc. has filed a lawsuit against IMDb.com, Inc., owned by Amazon.com, Inc. (AMZN), in the Southern District of New York. The lawsuit seeks a judicial declaration that zuMedia's DMDb trademark does not infringe on IMDb's trademark and aims to cancel two of IMDb's trademark registrations. This legal action follows IMDb's opposition to the DMDb trademark registration, citing potential public confusion between the two trademarks. DMDb, launched in February 2023, is a platform providing information on various digital media and features a social media component and showcases Backskin.com, an innovative advertising platform.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 3:00 pm

ARM

INTC

Arm Holdings Plc's stock has seen a significant increase since its September debut, driven by high demand for semiconductors in AI computing. With the expiration of a six-month lockup period, there's speculation about potential insider sales. SoftBank, holding a 90% stake in Arm, has not disclosed its future share plans. Analysts are generally bullish on Arm's prospects despite potential volatility. Arm's collaboration with Intel Corp on custom silicon and foundry services is also highlighted.

Portfolio Pulse from Anusuya Lahiri

March 12, 2024 | 3:00 pm

NTHI

NEONC TECHNOLOGIES HOLDINGS, INC (NASDAQ:NTHI) is set to IPO on March 13, offering shares priced between $11.25 and $13.75 with a 180-day insider lock-up period ending on September 09, 2024. The company focuses on developing new drugs for diseases like melanoma, breast, and lung cancer.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 3:00 pm

RAN

RanMarine Technology B.V. (NASDAQ:RAN) is set to IPO on March 13, offering shares at $5.50 each with a 180-day insider lock-up period ending on September 09, 2024. The company specializes in autonomous surface vessels for cleaning water pollutants and collecting water quality data.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 3:00 pm

NVDA

NVIDIA shares are trading higher, driven by the ongoing momentum in artificial intelligence (AI) technologies.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 2:58 pm