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Maj. Jason Lowery, a U.S. Space Force engineer and MIT fellow, proposed to the Department of Defense an innovative cybersecurity strategy using a global, private Proof-of-Work (POW) network to make hacking too costly. This approach, inspired by Bitcoin's model, would leverage the global power grid to create a resource-intensive system that is expensive and difficult to exploit. Christopher Alexander, CMO of Pioneer Development Group, believes the concept is feasible and could deter security threats while providing infrastructure advantages. The idea has not been tested outside of Bitcoin, and the high energy demands of POW networks are a concern for U.S. politicians.

Portfolio Pulse from Justin Roberti

December 11, 2023 | 6:11 pm

AAPL

Apple has announced a new feature for the iPhone 15 Pro and iPhone 15 Pro Max, enabling users to record spatial videos with iOS 17.2. These videos can be relived on the upcoming Apple Vision Pro. The feature uses advanced camera systems and computational videography to capture videos in 3D, which can be viewed in 2D on other devices and in immersive 3D on Apple Vision Pro.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 6:07 pm

AMD

AMD shares are experiencing an uptick due to overall strength in the semiconductor sector. The positive momentum is likely a continuation from last week's announcement of the new MI300X chip.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 6:07 pm

RTX

Raytheon's Exoatmospheric Kill Vehicle (EKV), part of RTX business, successfully intercepted an Intermediate-Range Ballistic Missile in a test by the U.S. Missile Defense Agency and U.S. Northern Command. This marks the 13th intercept for the Ground-based Midcourse Defense System, demonstrating operational reliability and readiness. Raytheon, with over 30 years of experience, is a leading provider of missile defense capabilities and is developing next-generation interceptors and kill vehicles.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 5:56 pm

LULU

NKE

PTON

Lululemon Athletica Inc (NASDAQ:LULU) reported an 18.7% increase in Q3 revenue to $2.2 billion, with net income slightly down by 2.6% to $248.7 million. The company saw growth in North America and significant expansion internationally. Lululemon also announced a partnership with Peloton Interactive Inc (NASDAQ:PTON), ditching its Mirror home workout device. The company is expanding into men's footwear and raised its full-year profit and revenue guidance. Lululemon is challenging Nike (NYSE:NKE) in the athleisure market, particularly in menswear and footwear.

Portfolio Pulse from Upwallstreet

December 11, 2023 | 5:53 pm

SNDX

Syndax Pharmaceuticals' stock is up following the announcement of positive data from trials of Revumenib and the AGAVE-201 trial of axatilimab.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 5:48 pm

AAPL

CMCSA

DIS

GOOG

MAT

NFLX

WBD

Google, owned by Alphabet Inc, was the go-to search engine for 2023's top sports and entertainment queries. Damar Hamlin topped athlete searches due to his on-field cardiac arrest. Travis Kelce's popularity surged, partly due to his relationship with Taylor Swift. Soccer's global appeal was evident with Kylian Mbappe and Harry Kane being highly searched. Inter Miami CF, with Messi, was the most searched sports team, benefiting Apple Inc's media rights deal with MLS. Jeremy Renner led actor searches after his accident, with Disney's 'Hawkeye' role noted. Netflix's 'Wednesday' starring Jenna Ortega was a hit. 'Barbie' was the most searched movie, a joint venture by Mattel Inc and Warner Bros. Discovery, while 'Oppenheimer' by Comcast's Universal Pictures also saw high interest. 'The Last of Us' from Warner Bros. Discovery's HBO was the most searched TV show.

Portfolio Pulse from Chris Katje

December 11, 2023 | 5:45 pm

MRKR

Marker Therapeutics' stock is trading higher following a positive clinical update on their APOLLO study.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 5:25 pm

MSFT

Microsoft Corp (NASDAQ:MSFT) has entered into a union agreement with the Communications Workers of America, incorporating AI usage terms into its first U.S. collective bargaining contract. The contract covers staff at ZeniMax video game studio and includes Microsoft's six AI principles. The company must inform the union about AI implementations affecting workers and negotiate impacts. This is part of Microsoft's initiative to integrate AI into its products, with the company recognizing AI's potential to change job roles. Microsoft's union-friendly approach contrasts with some industry peers. Microsoft shares fell by 1.55% to $368.48.

Portfolio Pulse from Anusuya Lahiri

December 11, 2023 | 5:25 pm

COGT

GGE

KTTA

MOR

NIR

U.S. stocks traded mixed with the Dow Jones gaining over 100 points, while the NASDAQ fell and the S&P 500 slightly rose. Industrials shares led gains, while communication services lagged. An investor consortium offered $5.8 billion to acquire Macy's Inc. amid competition from digital retailers. Pasithea Therapeutics, MorphoSys AG, and The Cigna Group saw shares rise on positive developments. Cogent Biosciences shares plunged after Phase 2 trial data, Green Giant announced a public offering, and Near Intelligence filed for Chapter 11. Oil and gold traded down, while European and Asian markets showed mixed results.

Portfolio Pulse from Avi Kapoor

December 11, 2023 | 5:11 pm