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RELX

Goldman Sachs has upgraded its rating for Relx PLC (NYSE:RELX) from Neutral to Buy, raising the price target from £30.46 to £34.05. The firm believes that Relx is well positioned on generative AI to strengthen its existing data and IP competitive advantage. The application of GenAI across the company’s product suite could accelerate revenue growth, particularly in Legal with Lexis+ AI, leading to margin expansion.

Portfolio Pulse from Priya Nigam

October 04, 2023 | 5:03 pm

AAPL

META

Meta Platforms Inc is introducing advanced generative AI utilities to its advertising toolkit, following a successful testing phase. The AI-powered tools can generate product background images, devise ad copy, and adapt ad dimensions for compatibility with platforms like Instagram and Facebook. The move is a strategic response to offset the impact of lost targeting data due to privacy enhancements by Apple Inc. Meta's AI innovations have contributed to a 12% surge in digital ad revenue in the quarter ending on June 30.

Portfolio Pulse from Anusuya Lahiri

October 04, 2023 | 4:41 pm

AMZN

AYI

EADSY

GOOG

HELE

JNJ

MMM

PLTR

PODD

SFTBF

SNY

TEVA

UAL

UBER

UBS

Palantir is expanding its collaboration with PwC to combine AI capabilities. Anthropic, a competitor to OpenAI, is securing additional funding from Alphabet and Amazon. Sanofi and Teva have collaborated to co-develop a drug for inflammatory bowel disease. Insulet's CFO is resigning to join 3M. United Airlines has ordered 110 more aircraft from Boeing and Airbus. Zoom has unveiled AI-powered innovations. Over 75,000 employees of Kaiser Permanente have initiated a three-day strike. Softbank's CEO emphasized the importance of AGI. Uber is expanding its service offerings to include package return. UBS is offering enticing interest rates to attract clients. A New Jersey appeals court overturned a verdict linked to asbestos exposure in Johnson & Johnson's talc powder products. BP is looking to sell a stake in its U.S. oil and gas pipeline network. Helen Of Troy and Acuity Brands reported their earnings.

Portfolio Pulse from Vandana Singh

October 04, 2023 | 4:37 pm

UDMY

Udemy and Docker have announced a partnership to provide Docker's community of over 20 million active developers with access to more than 350 skills training courses. The partnership aims to provide timely, automated learning mechanisms to developers. Key features include a comprehensive Docker library, customized learning paths, and faster access to new features.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 4:35 pm

LVO

LiveOne (LVO) has announced a record growth in its premium membership in September, adding 51,000 new members. The company's new premium membership has increased by approximately 700,000, a 40% YoY increase. The number of new Tesla premium members has increased by 357,000 over the last six months. LiveOne reiterates its guidance for 800K-825K new premium members for the fiscal year.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 4:33 pm

GOOGL

MSFT

Zoom Video Communications Inc (NASDAQ:ZM) unveiled AI-powered innovations at Zoomtopia 2023, including the Zoom AI Companion and Zoom Docs, to compete with Microsoft Corp’s Teams and Alphabet Inc’s Google Docs. Analysts from Stifel, Morgan Stanley, Rosenblatt Securities, and KeyBanc Capital Markets provided mixed reviews on the prospects of these new products. Zoom's shares declined by 3.44% to $65.70 at the time of publication.

Portfolio Pulse from Priya Nigam

October 04, 2023 | 4:28 pm

NUVL

Nuvalent has announced preliminary Phase 1 dose-escalation data from its ALKOVE-1 trial of NVL-655, demonstrating activity in heavily pre-treated patients with ALK-positive NSCLC and an ALK-selective, TRK-sparing safety profile. The updated preliminary data will be presented at the 35th AACR-NCI-EORTC Symposium. The company plans to host a conference call on October 13, 2023.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 4:24 pm

GOOG

GOOGL

QCOM

Google, a subsidiary of Alphabet Inc., has unveiled the Google Pixel Watch 2, featuring improved battery life, new safety features, and a crucial hardware upgrade - the Qualcomm Inc.'s W5+ Gen 1 chipset. The smartwatch was launched alongside the Google Pixel 8 and Google Pixel 8 Pro at the Made By Google 2023 event. The Pixel Watch 2 is equipped with advanced AI algorithms and three new sensors, and offers seamless integration with Google services. Preorders for the Pixel Watch 2 are available, with shipping expected to commence on Oct. 12.

Portfolio Pulse from Ananya Gairola

October 04, 2023 | 4:22 pm

ARAY

Accuray has announced that its Tomo C radiation treatment delivery system has been approved by China's National Medical Products Administration. This has led to a rise in the company's share prices.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 4:14 pm

NVVE

Nuuve Holding has been granted a European patent titled 'Electric Vehicle To Electric Vehicle Charging'. The patent number is #EP4033632.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 4:10 pm