Streetbeat News

Regulatory

COHR

Coherent Corp. (NYSE:COHR), a leader in wide- and ultrawide-bandgap semiconductors, has secured $15 million in funding from the CHIPS and Science Act of 2022 to accelerate the commercialization of its semiconductor technologies. This funding is part of the $2 billion allocated by the Department of Defense to strengthen the U.S. semiconductor supply chain.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 10:03 am

BCLI

Brainstorm Cell Therapeutics announced the publication of Phase 3 biomarker data in muscle and nerve, suggesting that Debamestrocel (NurOwn) may impact key biomarkers in Amyotrophic Lateral Sclerosis (ALS) predictive of disease progression. This development could signify a potential breakthrough in ALS treatment.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 10:02 am

AAPL

GOOG

GOOGL

MSFT

The EU's Digital Markets Act, effective from March 7, has led to a significant increase in user numbers for independent browser companies, challenging the dominance of Apple, Microsoft, and Google. This legislation requires major tech companies to offer a choice of web browsers to mobile users, resulting in growth for browsers like Aloha, Vivaldi, Ecosia, Brave, DuckDuckGo, and Opera. Apple, Microsoft, and Google have complied with the new regulations, which aim to eliminate unfair competition and make it easier for users to switch to rival services.

Portfolio Pulse from Rounak Jain

April 10, 2024 | 9:58 am

F

Ford is set to recall 42,652 vehicles due to a risk that a cracked fuel injector may leak and potentially cause a fire, as reported by Reuters and citing the National Highway Traffic Safety Administration (NHTSA).

Portfolio Pulse from Charles Gross

April 10, 2024 | 9:34 am

WTRG

The Chairman and CEO of Essential Utilities commented on the U.S Environmental Protection Agency's final regulation for six PFAS compounds in drinking water. These compounds are known as 'forever chemicals' due to their persistence in the environment.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 9:28 am

BA

IBM

MSFT

MU

PFE

WDC

Japanese Prime Minister Fumio Kishida has called on US tech giants to increase their investments in Japan, particularly in emerging technologies like semiconductors, AI, and quantum computing. This move aims to strengthen economic ties and stimulate Japan's economy. Notable attendees at a roundtable in Washington included executives from IBM, Pfizer, Boeing, Micron Technology, and Western Digital. The discussions precede a summit with President Joe Biden, focusing on economic cooperation. Additionally, Microsoft announced a $2.9 billion investment in Japanese data centers, highlighting the growing interest in Japan as an investment destination.

Portfolio Pulse from Benzinga Neuro

April 10, 2024 | 9:24 am

GOOG

GOOGL

Google has clarified that personal Google Docs are not used for AI training, addressing concerns that arose from a report suggesting otherwise. This clarification comes amid controversies around AI training data sources, including accusations against OpenAI by Elon Musk and policy violations by using YouTube content. Google's stance on privacy and data usage for AI training is significant, especially considering its recent $60 million deal with Reddit to enhance AI capabilities.

Portfolio Pulse from Ananya Gairola

April 10, 2024 | 9:09 am

BTCUSD

TSLA

Elon Musk admitted in a deposition to using a secret account on X (formerly Twitter) to impersonate his toddler son. The account, @ErmnMusk, was used to interact with notable figures like Michael Saylor and Brian Chesky. Musk's activities on X, including this incident, have raised concerns about his influence on the platform's financial stability and user experience. The account was deleted following a court discovery order but remains visible on internet archives.

Portfolio Pulse from Ananya Gairola

April 10, 2024 | 8:38 am

MSFT

Chinese actors have been using AI to manipulate videos and spread disinformation during Taiwan's national elections, raising concerns for the U.S. 2024 elections. Microsoft Corp. reported that China is employing similar tactics in the U.S., creating and amplifying AI-generated content to benefit their positions. The disinformation campaign targeted the U.S., accusing it of constructing biological labs in Taiwan and instigating conflicts. This follows warnings about China's cyber activities and the potential use of TikTok to influence U.S. elections.

Portfolio Pulse from Benzinga Neuro

April 10, 2024 | 8:13 am

TSLA

Elon Musk's Tesla Inc. is in preliminary talks with Mukesh Ambani's Reliance Industries to explore a partnership for establishing a manufacturing facility in India. The discussions, ongoing for over a month, aim to leverage Reliance's contribution to Tesla's manufacturing setup and ecosystem in India. Tesla has allocated $2 billion for its Indian expansion, eyeing locations in Gujarat, Maharashtra, and Tamil Nadu. This move is in line with India's new electric vehicle policy and tax incentives, aiming to make India a global hub for electric vehicle manufacturing.

Portfolio Pulse from Shomik Sen Bhattacharjee

April 10, 2024 | 8:00 am