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TSLA

Elon Musk, CEO of Tesla Inc., discussed the future of jobs and the role of AI with UK Prime Minister Rishi Sunak. Musk believes that AI will eventually make all jobs obsolete, although he acknowledged the difficulty of predicting when this will occur. Sunak noted that AI has already created job opportunities and enhanced human capabilities. The conversation followed the AI Safety Summit, where tech companies and nations signed a voluntary agreement to allow governments to test their latest AI models for societal and national security risks.

Portfolio Pulse from Ananya Gairola

November 03, 2023 | 6:56 am

IPHA

Innate Pharma will present new clinical data for Lacutamab and SAR443579/IPH6101 at the American Society of Hematology 2023. This could potentially impact the company's stock performance depending on the results of the presentation.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 6:29 am

AAPL

Apple Inc. (NASDAQ:AAPL) reported a record high in revenue from India, despite a minor slump in overall revenue. The company's Q4 results amounted to $89.5 billion, a 1% decrease from the previous year. However, iPhone sales in India surpassed predictions, setting a new standard for the September quarter. Apple's CEO, Tim Cook, and CFO, Luca Maestri, both highlighted the potential of the Indian market, with a 34% YoY surge in iPhone shipments in the country.

Portfolio Pulse from Shomik Sen Bhattacharjee

November 03, 2023 | 6:26 am

TSLA

Jim Cramer, host of CNBC's 'Mad Money', has questioned whether Tesla can sell even a quarter of its estimated annual output of Cybertrucks. He also compared the Cybertruck unfavorably to Ford's Maverick truck. In response, Tesla CEO Elon Musk expressed optimism, citing 'Inverse Cramer' as a good omen. Meanwhile, the first deliveries of the Cybertruck are scheduled for November 30 at Gigafactory Texas.

Portfolio Pulse from Anan Ashraf

November 03, 2023 | 5:24 am

AAPL

During Apple Inc.'s recent earnings call, CEO Tim Cook emphasized the significant role of artificial intelligence (AI) in the company's products and future development. Cook stated that AI and machine learning are fundamental technologies integral to virtually every product that Apple ships. He also indicated that a significant portion of the approximately $8 billion increase in R&D expenditure was invested in AI and silicon.

Portfolio Pulse from Benzinga Neuro

November 03, 2023 | 4:26 am

RIVN

Rivian (NASDAQ:RIVN) has hired former Mercedes-Benz executive Arnhelm Mittelbach as the first manager of its upcoming Georgia plant. The plant, set to commence construction next year, will produce Rivian’s next-gen R2 products, which will be priced more affordably than the current models. The first production phase of the new plant is expected to begin next year, with an estimated annual capacity of 200,000 once fully operational. Rivian plans to ramp up to a 400,000 annual EV capacity by the end of the decade.

Portfolio Pulse from Benzinga Neuro

November 03, 2023 | 2:30 am

AUPH

Aurinia Pharmaceuticals Inc. (NASDAQ:AUPH) presented nine studies at the annual American Society of Nephrology Kidney Week 2023, reinforcing the safety and effectiveness of LUPKYNISⓇ (voclosporin) for the treatment of adult patients with active Lupus Nephritis (LN). The studies showed that patients treated with LUPKYNISⓇ achieved improvement in histologic activity with stable chronicity scores and no evidence of chronic injury. The data also suggested that LUPKYNISⓇ plus standard of care improved safety and demonstrated earlier reductions in proteinuria compared to a conventional regimen. A post-hoc analysis showed Black patients experienced improved outcomes and better renal response when using LUPKYNISⓇ.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 10:02 pm

CMCSA

DIS

NFLX

PENN

The Walt Disney Company (NYSE:DIS) is set to report its Q4 financial results. Analysts expect Disney to report Q4 revenue of $21.355 billion, an increase from $20.15 billion in the prior year's period. Disney has beaten revenue estimates in five of the last seven quarters. The company is also expected to report Q4 earnings per share of 71 cents, an increase from the 30 cents reported in the prior year's period. Disney has beaten earnings per share estimates in five of the last seven quarters. Key items to watch include the company's streaming business, updates on Disney+ subscribers, and the impact of the Hollywood Strike on the company's movie slate in 2024.

Portfolio Pulse from Chris Katje

November 02, 2023 | 9:52 pm

WULF

TeraWulf Inc. (NASDAQ:WULF) has released its unaudited monthly production and operations update for October 2023. The company mined 314 bitcoins in October, bringing the total to 2,744 BTC mined year-to-date. The company also participated in multiple demand response programs at the Lake Mariner facility. The power cost averaged $10.8k per bitcoin produced. The company's Lake Mariner facility is on schedule for completion by year-end.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 9:46 pm

CMG

MCD

META

SBUX

Starbucks Corporation reported its fiscal fourth quarter earnings, topping estimates with a revenue rise of 11.4% to $9.37 billion. The company attributed its success to U.S. customers continuing to spend on custom coffee drinks, even amidst inflation. The trend follows similar reports from McDonald’s Corporation and Chipotle Mexican Grill Inc. Starbucks also credited social media platforms like TikTok and Instagram for promoting custom drinks. The company's active reward members grew 4% YoY in the U.S. and 22% YoY in China.

Portfolio Pulse from Upwallstreet

November 02, 2023 | 9:45 pm