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TSLA

Elon Musk, CEO of Tesla, has praised the cars of Warren Buffett-backed Chinese EV-maker BYD Company, calling them 'highly competitive.' This comes as Tesla faces increasing pressure from growing competitors in the EV market, including BYD, which has shown staggering growth in sales and is rapidly catching up with Tesla.

Portfolio Pulse from Navdeep Yadav

May 27, 2023 | 8:22 am

MSFT

Elon Musk responded to a tweet suggesting that Clippy, Microsoft's virtual assistant from the 1990s, could be the leader if AI ever takes over. This sparked a memefest on Twitter. AI taking over the world is a concern for many, with 61% of Americans believing it could endanger humanity.

Portfolio Pulse from Ananya Gairola

May 27, 2023 | 7:44 am

META

MSFT

A Twitter exchange between Jack Dorsey and Elon Musk sparked discussions on America's 'problem' and the role of social media companies. Dorsey is now backing Twitter-rival Bluesky, while Meta Platforms Inc. plans to launch a Twitter alternative named 'Barcelona' in Summer 2023. Twitter could witness a user decline in 2023, with users redirecting towards Reddit and Microsoft's LinkedIn.

Portfolio Pulse from Ananya Gairola

May 27, 2023 | 4:27 am

AAPL

CMCSA

WBD

HBO Max's rebranding to 'Max' has left Apple Mac users without an app, as the old HBO Max app was removed from the Mac App Store without a replacement. The rebranding has also led to issues for subscribers, including login problems, crashes, and limited content access.

Portfolio Pulse from Ananya Gairola

May 27, 2023 | 3:08 am

CMPS

Sunstone Therapies' Phase 2 study of COMPASS Pathways' synthetic psilocybin COMP360 showed positive long-term follow-up data in cancer patients with Major Depressive Disorder (MDD). 57% of patients sustained remission of depression, and 64% had a robust clinical response at 18 months after a single 25mg psilocybin dose paired with psychological support.

Portfolio Pulse from Lara Goldstein

May 26, 2023 | 10:23 pm

LXRX

Lexicon Pharmaceuticals has received FDA approval for INPEFA, a once-daily oral tablet for the treatment of heart failure. The drug reduces the risk of cardiovascular death, hospitalization for heart failure, and urgent heart failure visits by 33% compared to placebo. Lexicon expects INPEFA to be commercially available in the US market by the end of June 2023.

Portfolio Pulse from Happy Mohamed

May 26, 2023 | 8:07 pm

TCEHY

Tencent Holdings' free-to-play survival RPG, Undawn, is set to debut on June 15 after several delays. The game features Hollywood superstar Will Smith as 'Legendary Survivor' Trey Jones. Over 2.3 million players have pre-registered for early access.

Portfolio Pulse from Franca Quarneti

May 26, 2023 | 7:58 pm

ACRDF

ACRG

ACRHF

New York's Office of Cannabis Management (OCM) plans to introduce cannabis farmers' markets this summer to address supply chain challenges caused by limited retail outlets. The plan allows a minimum of three growers and a retailer to organize events where cannabis flower and pre-rolls can be sold at non-storefront locations. Acreage Holdings Inc. (OTCQX:ACRDF) (OTCQX:ACRHF) (OTCQB:ACRG) has highlighted the challenges facing New York's cannabis market and sees the potential of a $5-$7 billion market in the state.

Portfolio Pulse from Joana Scopel

May 26, 2023 | 7:56 pm

ARKK

NVDA

Ark Funds may have missed out on the AI boom, as their ETFs have underperformed compared to Nvidia and FAANG stocks in 2023. Despite AI being a major focus for Ark, Nvidia's strong performance had minimal impact on the funds, with Ark selling 65,600 shares of Nvidia after its Q1 earnings report.

Portfolio Pulse from Chris Katje

May 26, 2023 | 7:24 pm

ETHUSD

Bored Ape #6151, an NFT from the Bored Ape Yacht Club (BAYC) collection, sold for 58.00 ETH ($106,290). BAYC is an exclusive community for holders of ape and mutant-themed NFTs on Ethereum's blockchain. The collection has gained significant influence in 2021, with many celebrities adopting Bored Apes as their profile pictures.

Portfolio Pulse from Benzinga Insights

May 26, 2023 | 7:01 pm