Streetbeat News

Products Services

AMZN

GOOGL

META

MSFT

NVDA

Meta Platforms has introduced 'Purple Llama', a set of security guidelines and tools for AI model development, focusing on cybersecurity and input/output safeguards. This initiative includes CyberSec Eval, benchmarks for evaluating the safety of large language models (LLMs), and Llama Guard, a pre-trained model to prevent the generation of malicious code. The move aligns with the White House's push for AI safety and involves collaboration with an AI Alliance, including Microsoft, AWS, Nvidia, and Google Cloud, among others. Purple Llama aims to standardize safety practices in the generative AI field and mitigate cybersecurity risks associated with LLMs.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 2:37 pm

MRK

Merck & Co Inc (NYSE:MRK) reported that its Phase 2 KeyVibe-002 trial for a lung cancer treatment combo did not meet statistical significance. The trial involved vibostolimab/pembrolizumab with or without docetaxel for metastatic NSCLC. Additionally, Merck will discontinue the Phase 3 KEYLYNK-008 trial of Keytruda with Lynparza due to lack of improvement in overall survival. MRK shares dropped 0.76% following the news.

Portfolio Pulse from Vandana Singh

December 07, 2023 | 2:34 pm

LQR

LQR House Inc. (NASDAQ:LQR) has partnered with Todospray, a botanical-infused cocktail spray, to market the product on its ecommerce platform. The global botanical infused drinks market is valued at $328.4M and expected to grow at a CAGR of 6.4% from 2023-2033. Todospray, which sold out after a viral TikTok, is now back in stock. LQR House aims to create viral campaigns and boost conversion rates for Todospray, which is seen as a unique product in a growing market.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 2:33 pm

SYTA

Siyata Mobile has received follow-on orders worth $900,000 from existing international defense and EMS customers for its UV350 in-vehicle device and PTT rugged handset. The orders are expected to be delivered in Q4 2023 and Q1 2024.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 2:27 pm

AAPL

CRM

META

PLTR

TSLA

Bitcoin's bull run has led to a $2.6 billion loss for short sellers. SpaceX is negotiating an insider share sale at a $175 billion valuation. Sprinklr's earnings disappoint, while Ark Invest buys more Palantir stock. Crypto market shows mixed reactions post-jobs data. US and world economy reports indicate mixed sentiments. Tech companies like Apple and Meta are making AI advancements. Tesla faces accusations from a bear and launches new initiatives. McDonald's and Renault reveal new concepts, while GM's share buyback draws comparisons to BlackBerry. EU moves towards messaging app integration, and Meta enhances security. SpaceX's valuation talks and payload launch goals highlight space industry developments.

Portfolio Pulse from Akanksha Bakshi

December 07, 2023 | 2:21 pm

TCNNF

The DEA has issued warnings to pharmacies in Georgia that dispensing medical marijuana, specifically THC oil, violates federal law. Despite the Georgia Board of Pharmacy's recent allowance for independent pharmacies to dispense THC oils, the DEA's memo clarifies that marijuana and THC are Schedule 1 controlled substances and cannot be lawfully handled by DEA-registered pharmacies. SAM, an organization opposing marijuana legalization, praised the DEA's stance. Meanwhile, the federal government's position on marijuana may be shifting, as Health and Human Services recommended reclassifying marijuana to a Schedule III Substance. Four companies recently received provisional licenses to produce low-THC oil in Georgia, joining the two existing licensed producers, including Trulieve Cannabis Corp (OTCQX:TCNNF).

Portfolio Pulse from Nina Zdinjak

December 07, 2023 | 2:20 pm

LAES

WKEY

SEALSQ Corp, a subsidiary of WISeKey International Holding Ltd., has developed a comprehensive cybersecurity solution for Electric Vehicle (EV) charging stations. The technology addresses cybersecurity risks such as unauthorized access, data theft, denial of service attacks, manipulation of charging processes, firmware vulnerabilities, supply chain attacks, energy theft, and potential power grid disruptions. SEALSQ's solution includes secure element integration, managed PKI, end-to-end encryption, automated authentication, regulation compliance, and user-friendly experience. The EV Charging market is projected to grow significantly, with a global CAGR of 25.5% from 2023 to 2030, and SEALSQ's security solutions are poised to protect this expanding infrastructure.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 2:07 pm

LAW

DISCO (NYSE:LAW), a legal technology company, has launched Cecilia, an AI-powered platform for legal professionals. Cecilia includes features like Q&A and Timelines, leveraging generative AI to accelerate fact-finding and reduce manual tasks in complex litigation matters. The platform aims to enhance case strategy and document review efficiency. DISCO's Chief Product Officer, Kevin Smith, highlighted the platform's evolving capabilities. Law firms like Reynolds Frizzell LLP have started using Cecilia and noted its value in case assessment and strategy. Orrick's Senior Associate, Kristopher Wood, also praised Cecilia for its ability to provide fast answers and assist in tactical decisions.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 2:06 pm

BABA

DLTR

PDD

PDD Holdings Inc's Temu is challenging U.S. dollar stores by capturing nearly 17% of the U.S. market share in discount stores, trailing behind Dollar General and Dollar Tree. Temu's growth has boosted PDD's revenue and stock performance, leading to commendation from Alibaba's Jack Ma and Morgan Stanley choosing PDD as its top pick in China's e-commerce sector. Dollar General and Dollar Tree are facing operational challenges and market share declines, with Dollar General reducing its annual profit forecast three times this year. Temu's success is attributed to consumer fatigue with high prices and its direct-to-consumer model that benefits from duty-free entry of shipments under $800 into the U.S.

Portfolio Pulse from Anusuya Lahiri

December 07, 2023 | 2:06 pm

NVVE

Nuvve Corporation reported the addition of 81 chargers to its Vehicle-to-Grid (V2G) platform in the first two months of Q4. This expansion indicates the company's growth in the V2G sector, which may influence investor sentiment and the company's stock performance in the short term.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 2:05 pm