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MSFT

Grok AI chatbot, launched by Elon Musk, suggests that Musk should focus on colonizing Mars, aligning with his ambitions through SpaceX. Musk responded positively to Grok's comment. Musk has criticized Microsoft-backed OpenAI's ChatGPT for being 'censored' and 'woke', while praising Grok for being free of these constraints. He also mentioned that Grok's computational power will double every three months. Musk continues to advocate for making humanity a space-faring civilization, with Mars as a target due to its similarity to Earth and SpaceX's Starship rocket being a step towards this goal.

Portfolio Pulse from Rounak Jain

November 27, 2023 | 8:08 am

BTCUSD

Robert Kiyosaki, author of 'Rich Dad Poor Dad,' made a humorous comparison between Joe Biden and Sam Bankman-Fried's hairstyle on Twitter. He shared his experience of feeling out of touch at a Thanksgiving gathering where young men sported hairstyles like Bankman-Fried. Amidst Bankman-Fried's legal issues, Kiyosaki reiterated his long-standing advice to invest in gold, silver, and Bitcoin, emphasizing Bitcoin as 'People's money.' At the time of writing, Bitcoin was trading at $37,304.9, experiencing a slight decline.

Portfolio Pulse from Mehab Qureshi

November 27, 2023 | 7:58 am

IQ

iQIYI has partnered with GSC Movies in Malaysia and Clover Films in Singapore to release Chinese films in these markets. This collaboration aims to expand the distribution and viewership of Chinese cinema in Southeast Asia.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 7:50 am

GM

LCID

RIVN

TSLA

Tesla, Inc. (TSLA) stock's recent weakness is partly attributed to Elon Musk's acquisition of Twitter, according to Future Fund Managing Partner Gary Black. Since Musk announced his intention to buy Twitter in April 2022, Tesla's stock has underperformed compared to the 'Magnificent Seven' tech stocks, dropping from $328 to around $235, a 28% decline, while the Nasdaq 100 Index rose 15%. Musk sold $15 billion worth of Tesla stock between April and August 2022, and $23 billion in total for the year to fund the Twitter purchase. Black also criticized comparisons of Tesla to other EV makers, stating that most are unprofitable and headed for bankruptcy. Additionally, Tesla's management decision to cut EV prices by an average of 18% year-over-year has not changed volume growth estimates for 2023 but has led to a 43% drop in 2024 earnings estimates. Despite these challenges, Black is optimistic about the potential 'halo effect' of the upcoming Cybertruck on Tesla's sales.

Portfolio Pulse from Shanthi Rexaline

November 27, 2023 | 7:41 am

VALN

Valneva SE announced that the European Medicines Agency (EMA) has validated the Marketing Authorization Application for its chikungunya vaccine candidate VLA1553 for scientific assessment. The application was previously granted accelerated assessment by EMA's CHMP due to the vaccine's potential public health impact and therapeutic innovation.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 7:34 am

REGN

SNY

Regeneron Pharmaceuticals and Sanofi announced positive results from the NOTUS trial for Dupixent, which significantly reduced COPD exacerbations by 34% compared to placebo. The trial confirmed earlier results from the BOREAS trial, and a supplemental BLA submission is planned by the end of 2023. This news could impact the treatment landscape for COPD, as there have been no new treatments approved for over a decade.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 7:06 am

TSLA

Tesla Inc (NASDAQ:TSLA) is set to hold the delivery event for its all-electric Cybertruck at 1 p.m. CT on Thursday at the Gigafactory in Texas. The event time was clarified by Tesla's VP of Investor Relations, Martin Viecha, on his personal X account. Invites have been sent to selected retail investors, and a live stream will be available. The Cybertruck has garnered significant interest, with showrooms across the U.S. drawing crowds. Details on configuration and pricing remain undisclosed, and while Elon Musk has hinted at a future target of 250,000 Cybertruck deliveries per year, he suggests this may not be achieved until around 2025. Reservations for the Cybertruck have surpassed two million.

Portfolio Pulse from Anan Ashraf

November 27, 2023 | 6:55 am

BYDDY

TSLA

BYD Co Ltd, a Chinese EV manufacturer backed by Warren Buffett, has announced the production of its 6 millionth new energy vehicle (NEV), marking a significant milestone and intensifying competition with Tesla Inc in China. BYD achieved this just three months after producing its 5 millionth NEV and has expanded globally with electric transport solutions in over 70 countries. Meanwhile, Tesla rolled out its two-millionth vehicle from its China gigafactory in September and aims to produce 1.8 million vehicles worldwide this year.

Portfolio Pulse from Anan Ashraf

November 27, 2023 | 6:47 am

IPHA

Innate Pharma announced a virtual KOL event to discuss lacutamab, an anti-KIR3DL2 antibody for T-cell lymphoma. Positive results from the TELLOMAK Phase 2 Trial in Sézary syndrome patients will be presented at the ASH Annual Meeting. The event is scheduled for December 12, 2023.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 6:25 am

AMZN

Amazon Web Services (AWS), part of Amazon.com, Inc. (NASDAQ:AMZN), has announced a partnership with Clarity AI, a company providing environmental and social insights for sustainable investing. Clarity AI's platform, which is now fully integrated with AWS, analyzes data to assist investors in tracking and optimizing the sustainability impact of their portfolios, as well as complying with regulatory reporting. This collaboration aims to influence consumer behavior and direct funds towards environmentally positive companies.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 6:23 am