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COHR

Coherent Corp. (NYSE:COHR) shares are trading higher after the company introduced its new PH20 SmartWeld+ laser processing heads, optimized for precision control of welding depths in electric vehicle manufacturing applications. The technology addresses the growing demand for next-generation laser processing systems in battery manufacturing for electric vehicles.

Portfolio Pulse from Ryan Gustafson

June 14, 2023 | 6:29 pm

MTTR

Matterport announced Genesis, a generative AI service that enables customers to create digital twins of their physical property portfolios. Despite the announcement, MTTR shares are trading nearly 4% lower.

Portfolio Pulse from Erica Kollmann

June 14, 2023 | 6:28 pm

VRNT

Needham analyst Ryan MacDonald reiterated a Buy rating on Verint Systems Inc. (NASDAQ:VRNT) with a price target of $50, citing the company's AI-driven CX Automation initiatives. The analyst believes these bots will drive incremental efficiency and curb rising labor costs, and expects Verint's customer engagement business to support a near 30% EBITDA margin.

Portfolio Pulse from Nabaparna Bhattacharya

June 14, 2023 | 6:03 pm

MIRM

Mirum Pharmaceuticals announced data from LIVMARLI oral solution clinical studies evaluating patients with Alagille syndrome, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 5:54 pm

TGT

New York Attorney General James criticized Target's decision to pull some of its Pride merchandise due to backlash from anti-LGBTQ+ customers, calling the move 'wrong'.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 5:21 pm

AAVEUSD

DAIUSD

ETHUSD

A trading bot recently performed a complex series of transactions on the Ethereum blockchain, involving a $200 million flash loan in DAI from MakerDAO. The bot deposited funds on Aave, borrowed $2,300 in Wrapped Ether (WETH), and completed an arbitrage cycle, resulting in a net profit of only $3.24.

Portfolio Pulse from Murtuza Merchant

June 14, 2023 | 5:12 pm

CNDT

Conduent Transportation, a unit of Conduent Incorporated (NASDAQ:CNDT), has been selected by Azienda Trasporti Verona to provide contactless payment technology for buses in Verona, Italy. The technology will modernize the ticketing system and allow passengers to pay with debit and credit cards and NFC-enabled digital wallets.

Portfolio Pulse from Nabaparna Bhattacharya

June 14, 2023 | 5:01 pm

BLK

MSFT

SPY

BlackRock CEO Larry Fink believes that artificial intelligence (AI) could be the technology that helps bring down inflation. He suggests that AI can increase productivity and efficiency, leading to lower costs and reduced inflationary pressures.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 4:47 pm

APTV

LYFT

UBER

Aptiv's CFO announced that Motional, its autonomous vehicle joint venture, is ramping up commercial agreements with Lyft and Uber for robotaxi and food delivery services.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 4:38 pm

RUM

Rumble tweets that Andrew Tate's emergency meeting livestream has already garnered over 1 million views before its start at 4pm ET.

Portfolio Pulse from Happy Mohamed

June 14, 2023 | 4:32 pm