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ITGR

An unconfirmed note from Piper Sander suggests that Boston Scientific has received approval for an alternate supplier, Integer, for components used in its neuromodulation spinal cord stimulator and deep brain stimulation leads.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 4:03 pm

BOAT

SHEL

Shell plc (NYSE:SHEL) has suspended its Red Sea shipments due to increased attacks by Yemen's Houthi rebels, affecting a critical global trade route. This decision reflects broader concerns in the energy sector, with companies like BP and Qatar Energy also avoiding the Red Sea corridor. Secretary of State Antony Blinken highlighted the significant impact on global trade at the World Economic Forum. The disruption has led to a 50% decline in Red Sea/Suez Canal traffic and increased shipping costs. The SonicShares Global Shipping ETF (NYSE:BOAT) saw a rise in its shares due to these disruptions.

Portfolio Pulse from Piero Cingari

January 16, 2024 | 4:02 pm

MSFT

OpenAI CEO Sam Altman revealed at a Davos event that 3 million 'GPTs' were created before the launch of the 'GPT' store, as reported by Bloomberg. This indicates significant interest and engagement with OpenAI's technology prior to the introduction of a dedicated marketplace for their generative pre-trained transformers (GPT).

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 3:56 pm

MSFT

SPY

OpenAI CEO Sam Altman, speaking at a Davos event and cited by Bloomberg, expressed confidence that the U.S. and AI industry will remain resilient regardless of the 2024 election outcome. He also predicted the advent of Artificial General Intelligence (AGI) in the near future, but suggested that its impact on the world might be less transformative than anticipated.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 3:55 pm

PHUN

Phunware Inc (NASDAQ:PHUN) stock is trading higher, potentially due to traders' reactions to former President Donald Trump's win in the Iowa caucus. Trump's victory is significant as Phunware has ties to him, having developed the Trump-Pence 2020 Reelection Campaign's mobile application portfolio. Despite the stock's recent rise, Wall Street analysts have mixed views, with the most bearish expecting a 70% fall. Phunware's stock price has declined by 21.95% over the past three months, and its revenue fell by 41.32% over the past year.

Portfolio Pulse from Adam Eckert

January 16, 2024 | 3:45 pm

DATS

DatChat Inc. (NASDAQ: DATS) plans to distribute its shares of SmarterVerse to shareholders, subject to board approval. SmarterVerse, which operates the Habytat AI Gaming platform and metaverse, is expected to become a standalone public company. The distribution is contingent on SEC registration and regulatory approvals. DatChat's CEO Darin Myman highlighted the company's progress, including ten issued patents, the launch of Habytat AI social gaming platform, and the upcoming My Family Museum platform. The spin-off aims to unlock value and accelerate growth.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 3:33 pm

SGD

Safe and Green Development Corporation (NASDAQ:SGD), in collaboration with Majestic World Holdings, is set to roll out the Xene AI Software platform, aiming to revolutionize the real estate sector by creating a decentralized, AI-optimized network. The platform integrates various real estate participants and processes, promising significant time and resource savings. The beta launch was successful, and a nationwide rollout is planned in the coming weeks with a comprehensive sales and marketing program.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 3:17 pm

LLY

The head of Lilly International spoke at the Reuters Global Markets Forum, indicating efforts to increase capacity for Tirzepatide, a drug also known as Mounjaro. The expansion of Mounjaro is contingent on regulatory approvals, reimbursement, and adequate supplies. The discussion took place at Davos, as reported by Reuters.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 3:17 pm

TIAUSD

Taiki Maeda, CEO of HFA Research, predicts that Celestia's TIA token (CRYPTO: TIA) could experience significant growth due to its unique staking benefits. TIA's Proof-of-Stake protocol offers rewards from transaction fees and potential airdrops, which could yield high returns for early stakers. Maeda warns of future market adjustments to airdrop inflation and advises a balanced investment strategy, including taking profits strategically. He plans to unwind his TIA positions when certain market indicators are met, such as Coinbase topping the Apple App Store or major cryptocurrencies hitting new highs.

Portfolio Pulse from Murtuza Merchant

January 16, 2024 | 3:12 pm

AMZN

Ann Hiatt's interview with Jeff Bezos in 2002 for a position at Amazon.com Inc showcased her analytical skills and problem-solving abilities. Her approach to a brain-teaser question impressed Bezos, leading to her being assigned a desk near his. Hiatt emphasizes the importance of resilience, ambition, and adaptability in a corporate environment. She now uses these lessons in her consulting firm to help CEOs foster innovation and leadership. The story is part of Benzinga Inspire series and may include sponsored content.

Portfolio Pulse from Bibhu Pattnaik

January 16, 2024 | 2:41 pm