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F

Ford shares are trading lower due to overall market weakness following the release of March inflation data. Additionally, Ford announced a recall of 42,652 vehicles, which may also be contributing to the stock's decline.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 3:29 pm

AMZN

Bloomberg reported that Amazon will cease payments to developers for creating apps for its Alexa platform. This move could impact the ecosystem of applications available for Alexa, potentially affecting its competitiveness and attractiveness to users.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 3:22 pm

META

NVDA

Meta Platforms, Inc. has introduced a new artificial intelligence (AI) chip, signaling its intention to reduce its dependency on Nvidia Corporation for AI processing capabilities. This strategic move could potentially alter the competitive landscape in the AI technology sector.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 3:16 pm

EA

Electronic Arts (EA) is increasing the price of its EA Play subscription service, as reported by Games Industry. This move could potentially impact EA's revenue streams and subscriber base, depending on how consumers react to the price adjustment.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 3:10 pm

TSM

Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) faced a production halt due to a strong earthquake in Taiwan, potentially impacting its June-quarter sales. However, Needham analyst Charles Shi remains optimistic, reiterating a Buy rating and raising the price target from $133 to $168. Shi believes TSM can recover lost sales in Q3 and meet its full-year growth targets, positioning it as a strong AI pick-and-shovel investment opportunity. TSM shares rose 1.68% to $147.84 following the news.

Portfolio Pulse from Priya Nigam

April 10, 2024 | 3:07 pm

GOOG

GOOGL

Google has announced the general availability of Google Cloud Consulting's Delivery Navigator to all qualified services partners, as reported by Reuters.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 3:05 pm

BSFC

Blue Star Foods has entered into an agreement with Eagle Rising to supply food solutions to the U.S. military, with an initial launch planned for several military bases in the coming months.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 3:02 pm

PCLOF

PharmaCielo Ltd. (OTCQX:PCLOF) announced its intention to acquire Siam Ventures Corporation, aiming to expand its cannabis operations into Thailand amidst regulatory changes. The deal involves issuing PharmaCielo shares worth CA$3 million ($2.2 million) to Siam Ventures' shareholders. This acquisition is seen as a strategic move to access large Asian markets as they open to cannabinoids. Concurrently, PharmaCielo is undertaking a non-brokered private placement of units to raise CA$2 million, potentially increasing to CA$3 million, to support its expansion and operational needs.

Portfolio Pulse from Jelena Martinovic

April 10, 2024 | 2:49 pm

GBTC

Grayscale's CEO Michael Sonnenshein indicated a potential slowdown in the $15B outflows from its flagship ETF, GBTC, attributing the initial outflows to the liquidation of assets from bankrupt companies like FTX and high fees compared to new competitors. However, with the resolution of these issues and an optimistic outlook on fee reduction, the daily outflow rates have decreased significantly.

Portfolio Pulse from Murtuza Merchant

April 10, 2024 | 2:48 pm

BMY

JNJ

MRK

MYNZ

PFE

Pharmaceutical giants Bristol Myers Squibb, Merck, Pfizer, and Johnson & Johnson are navigating patent cliffs by focusing on cancer and heart disease treatments. Johnson & Johnson acquired Shockwave Medical to enhance its heart disease treatments, while Pfizer invested in cancer specialist Seagen. Bristol Myers Squibb reported positive trial data for a subcutaneous version of Opdivo, and Merck announced successful trials in cancer treatments with Moderna. Mainz Biomed reported significant progress in cancer detection.

Portfolio Pulse from Upwallstreet

April 10, 2024 | 2:47 pm