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BlackRock CEO Larry Fink believes AI has the potential to increase productivity and control inflation. He sees AI as transformative for long-term investing and margins across sectors. Meanwhile, experts like Elon Musk have raised concerns about AI safety.

Portfolio Pulse from Bhavik Nair

June 15, 2023 | 1:21 am

BUD

STZ

TAP

The Bud Light boycott, sparked by its collaboration with trans activist Dylan Mulvaney, has led to a significant decline in sales, causing the brand to lose its position as the top-selling beer in the US. Anheuser-Busch InBev (BUD) could face further pressure on its shares, while competitors Constellation Brands (STZ) and Molson Coors Beverage (TAP) may benefit.

Portfolio Pulse from Chris Katje

June 14, 2023 | 11:20 pm

ELOX

Eloxx Pharmaceuticals announced that ELX-02 demonstrated clinically relevant improvement in ppFEV1 in the final data assessment. This supports the company's decision to advance into a pivotal trial in Alport syndrome.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 8:57 pm

MRK

QQQ

SPY

TSLA

Benzinga's ChatGPT portfolio, crafted by OpenAI's ChatGPT, has outperformed seven of the top 10 US equity funds after five weeks, with a 7.21% gain. The AI-built portfolio now ranks fourth, with Tesla Inc (NASDAQ:TSLA) being the best performing stock, up 53%, and Merck & Co Inc (NYSE:MRK) being the worst performer, down 6.64%.

Portfolio Pulse from AJ Fabino

June 14, 2023 | 8:45 pm

IGT

International Game Technology (IGT) has announced the launch of a ten-game set for Alberta Gaming, Liquor & Cannabis, replacing approximately 2,600 legacy video lottery terminals with IGT CrystalDual.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 8:35 pm

VTNR

Vertex Energy (NASDAQ: VTNR) has received EPA approval for generating D4 RINs credits under the Renewable Fuel Standard for its Mobile Refinery in Alabama. The facility currently produces 5,500 bpd with plans to increase to 8,000 bpd by 2Q23.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 8:32 pm

MSFT

Matt Booty, head of Xbox Game Studios, acknowledged Xbox's past struggles and slow game release schedule due to unfinished projects and DLC obligations from acquired studios. However, he expressed optimism about Xbox's future after the Xbox Game Showcase and assured that Microsoft's video game brand has 'turned the corner'.

Portfolio Pulse from Franca Quarneti

June 14, 2023 | 8:21 pm

ENS

EnerSys has entered a non-binding Memorandum of Understanding with Verkor SAS to explore the development of a lithium-ion battery factory in the US. The companies are working on plans, determining the optimal location, and evaluating funding and operating structures.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 8:19 pm

PCSA

Processa Pharmaceuticals (NASDAQ:PCSA) CEO David Young will present at the MedInvest Oncology Investor Conference on June 21-22, 2023, discussing the next generation of chemotherapy drugs aimed at improving efficacy and safety for cancer patients.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 8:17 pm

ALDX

Aldeyra Therapeutics (NASDAQ: ALDX) will announce top-line results from the Phase 3 INVIGORATE-2 Trial of reproxalap in allergic conjunctivitis during a conference call and webcast on June 15, 2023, at 8:00 a.m. ET.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 8:06 pm