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BTCUSD

Bitcoin shorts totaling over $33 million were liquidated in the last 24 hours, coinciding with the Federal Reserve's decision to keep its policy unchanged. Bitcoin is currently trading above $35,400, surpassing the $35,000 resistance level. The Fear and Greed Index indicates that Bitcoin market sentiment is at a level of 72, reflecting 'Greed' among investors. The approval of the first U.S.-based Bitcoin spot exchange-traded fund (ETF), predicted by J.P. Morgan to possibly occur before January 10, could add further momentum.

Portfolio Pulse from Mehab Qureshi

November 02, 2023 | 3:33 am

BA

Boeing Co.'s global services division has been targeted by a large-scale cyberattack by the Russian-linked group, LockBit. The company is working with law enforcement and regulatory authorities to investigate the incident. LockBit threatened to release sensitive data if a ransom was not paid by Nov. 2. Boeing has not confirmed whether a ransom was paid.

Portfolio Pulse from Benzinga Neuro

November 02, 2023 | 1:27 am

MSFT

Leaders from over 25 nations, including the US, China, and the EU, have pledged to cooperate on AI safety at a summit in the UK. The summit, which included Elon Musk and OpenAI CEO Sam Altman, resulted in the 'Bletchley Declaration', a collective approach to AI regulation. The UK aims to serve as a mediator between the US, China, and the EU's economic blocs. Future AI Safety Summits will take place in South Korea and France. The move comes amid growing concerns about the impact of AI technologies, such as Microsoft-backed OpenAI's ChatGPT.

Portfolio Pulse from Benzinga Neuro

November 02, 2023 | 1:12 am

EXPE

GOOG

IAC

Barry Diller, the chair of IAC Inc. and Expedia Group Inc., has expressed dissatisfaction with Google's advertising approach, hinting at a potential 'revolt'. Diller criticized Google's decision to increase the ad count on its results page, arguing that it negatively impacts companies like Expedia and IAC, which rely on equitable online visibility. Diller's companies spend nearly $6.5 billion a year in media, the majority directed towards Google. Google's CEO, Sundar Pichai, defended the company's increased travel listings and its practice of paying billions to other tech firms to ensure Google remains the primary search facility on their devices.

Portfolio Pulse from Benzinga Neuro

November 02, 2023 | 12:43 am

CMCSA

DIS

GOOG

GOOGL

META

NWSA

NYT

PARA

T

News Media Alliance (NMA) has accused AI chatbots of illegally using copyrighted news. NMA, representing companies like CBS, Vicacom, Comcast, News Corp, AT&T, and Walt Disney, stated that AI models are using a significant amount of news publisher content for training, leading to copyright infringement. NMA has recommended the Copyright Office to declare that using a publication’s content to monetize AI systems harms publishers. It also called for licensing models and transparency measures to limit the intake of copyrighted materials.

Portfolio Pulse from Khyathi Dalal

November 01, 2023 | 11:46 pm

PHAT

Phathom Pharmaceuticals has received FDA approval for VOQUEZNA tablets, a treatment for erosive GERD and relief of heartburn in adults.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 9:47 pm

INVA

The Global Antibiotic Research & Development Partnership (GARDP) and Innoviva Specialty Therapeutics, a subsidiary of Innoviva, Inc. (NASDAQ:INVA), announced positive results from a Phase 3 trial of zoliflodacin, a first-in-class oral antibiotic for treating uncomplicated gonorrhea. The study met its primary endpoint, demonstrating statistical non-inferiority of microbiological cure at the urogenital site compared to the current standard of care. The success of this study could change how physicians approach gonorrhea infections, offering an oral alternative to injections, improving patient access and compliance, and helping reduce the spread of antibiotic-resistant strains.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 9:37 pm

AYRWF

GLASF

TRSSF

The cannabis market experienced significant volatility in October, with multi-state operators (MSOs) seeing an average share performance drop of 27%. However, Tier-2 MSOs, including TerrAscend Corp (OTC:TRSSF), Glass House Brands Inc (OTCQX:GLASF), and Ayr Wellness (OTC:AYRWF), outperformed the market with a 4% YTD increase. Analyst Scott Fortune attributes the market turbulence to global and domestic challenges and emphasizes the need for federal reform. He views the current low valuations as a favorable buying opportunity.

Portfolio Pulse from Patricio Liddle

November 01, 2023 | 9:10 pm

NRIX

Nurix Therapeutics, Inc. (NASDAQ:NRIX) announced that the FDA has placed a partial clinical hold on the Phase 1 NX-2127-001 study evaluating NX-2127 in various B-cell malignancies. The hold follows the company's communication to the FDA of its intention to transition to an improved manufacturing process. Nurix's other drug programs are not affected by the NX-2127 manufacturing process improvement.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 9:09 pm