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The Los Angeles Board of Education voted to develop a plan to ban phones during the school day, which could serve as a model for other districts. This decision is part of a broader discussion on the impact of phone usage on youth mental health and education.

Portfolio Pulse from Hayden Buckfire

June 18, 2024 | 5:56 pm

SPY

Federal Reserve's Musalem stated that the widespread adoption of artificial intelligence (AI) could have significant long-term productivity impacts.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 5:46 pm

GSK

INVA

Cantor Fitzgerald has initiated coverage on Innoviva, Inc. (NASDAQ:INVA) with an Overweight rating, citing strong growth prospects from royalties on GSK plc (NYSE:GSK) respiratory drugs. Innoviva's lead pipeline product, zoliflodacin, is on track for an FDA marketing application in early 2025.

Portfolio Pulse from Vandana Singh

June 18, 2024 | 5:44 pm

SPY

Federal Reserve's Kugler expressed surprise at recent Census data indicating that AI adoption is already widespread across various sectors.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 5:39 pm

MSFT

AI startup Adept is reportedly in deal talks with Microsoft, which could lead to a significant partnership or acquisition. This development could enhance Microsoft's AI capabilities and market position.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 5:35 pm

AZTD

CART

MVPA

SBH

Instacart (NASDAQ:CART) and Sally Beauty Holdings (NYSE:SBH) have announced a nationwide partnership to offer same-day delivery from over 2,200 Sally Beauty stores. This collaboration aims to enhance Sally Beauty's e-commerce capabilities and meet the growing demand for quick delivery of beauty products. CART stock has gained 34% in the last six months, while SBH stock has lost over 19% in the same period. Investors can also gain exposure to CART via Tidal ETF Trust Aztlan Global Stock Selection DM SMID ETF (NYSE:AZTD) and Advisor Managed Portfolios Miller Value Partners Appreciation ETF (NYSE:MVPA).

Portfolio Pulse from Nabaparna Bhattacharya

June 18, 2024 | 5:31 pm

SPY

Fed's Logan expressed optimism about the impact of generative AI on productivity, noting that understanding its full effect will take time and will have implications for monetary policy.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 5:25 pm

BBY

DELL

MSFT

QCOM

Best Buy (NYSE: BBY) is launching a major training program for the release of Microsoft's (NASDAQ: MSFT) AI-powered Copilot+ PCs. The initiative involves collaboration with Microsoft and Qualcomm (NASDAQ: QCOM) and aims to reverse declining sales. Best Buy has exclusive sales rights for over 40% of the Copilot+ PC models.

Portfolio Pulse from Shivani Kumaresan

June 18, 2024 | 5:25 pm

SCHD

VLUE

Ford Motor Company (NYSE:F) is planning additional job cuts in Germany, Spain, and the U.K. as part of its strategy to focus on electric vehicle production. This follows previous workforce reductions in Europe. Ford's EV sales in the U.S. have increased, but the company expects significant EBIT losses from its EV division in 2024. Ford's stock has declined over the past year, and investors can gain exposure through Schwab U.S. Dividend Equity ETF (NYSE:SCHD) and IShares MSCI USA Value Factor ETF (BATS:VLUE).

Portfolio Pulse from Shivani Kumaresan

June 18, 2024 | 5:25 pm

CRLBF

Healing Realty Trust (HRT) has closed the first tranche of its $25 million Series A funding round, aimed at acquiring healthcare facilities in Texas, Ohio, and Connecticut. Joe Caltabiano, CEO of HRT and co-founder of Cresco Labs (OTC:CRLBF), highlighted the importance of this investment in expanding HRT's real estate portfolio to support innovative psychedelic therapies.

Portfolio Pulse from Javier Hasse

June 18, 2024 | 5:24 pm