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BBJP

DXJ

EWJ

Japan's preliminary industrial production for September was reported at 0.2%, lower than the estimated 2.5% and an improvement from the prior -0.7%.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 4:56 am

GOOGL

META

MSFT

TSLA

Elon Musk and UK Prime Minister Rishi Sunak are set to discuss the risks of artificial intelligence (AI) following a UK summit. The discussion aims to create an international consensus on AI regulation to prevent misuse of the technology. Musk's participation would add star power to the event, which Sunak hopes will draw world leaders and top tech executives. The summit is part of the UK's effort to address five key objectives in AI regulation. Major tech companies like Microsoft, Meta Platforms, and Alphabet have voluntarily committed to deploying AI safely.

Portfolio Pulse from Benzinga Neuro

October 31, 2023 | 4:41 am

PLTR

Palantir Technologies Inc.'s CEO, Alex Karp, criticized the UK's decision to invite China to the upcoming AI Summit. This comes amid criticism of UK Prime Minister Rishi Sunak for inviting China due to tense relations. Karp also discussed Palantir's bid for a £500 million contract to provide AI software to the UK's National Health Service (NHS), emphasizing that any potential sale of NHS data would be a government decision.

Portfolio Pulse from Benzinga Neuro

October 31, 2023 | 4:41 am

GOOGL

Google's CEO Sundar Pichai defended the company's practice of paying billions to Apple and other tech firms to secure Google as the default search facility on their devices. The U.S. Department of Justice views these payments, which totaled over $26 billion in 2021, as Google’s strategy to stifle competition. The ongoing antitrust lawsuit could potentially halt the company’s practice of paying out to Apple and other companies to remain the default search engine.

Portfolio Pulse from Benzinga Neuro

October 31, 2023 | 3:01 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin experienced a surge driven by investor optimism surrounding the potential approval of a Bitcoin exchange-traded fund (ETF). Several Wall Street firms have submitted applications to the SEC for a new spot BTC ETF product. Crypto-focused investment funds saw a massive influx of $326 million in net inflows last week. Analysts predict a game-changing breakout for Bitcoin at $35K.

Portfolio Pulse from Mehab Qureshi

October 31, 2023 | 2:45 am

ITA

LMT

The election of Rep. Mike Johnson as House Speaker has sparked a dispute within the GOP over a $106 billion aid package for Ukraine and Israel. Senate Minority Leader Mitch McConnell wants to keep financial and military aid for both countries tied together, viewing them as threats to national security. However, Johnson believes Ukraine and Israel need to be treated separately. The outcome of this dispute could impact the stocks of defense companies such as Lockheed Martin, Boeing, Northrop Grumman, General Dynamics, RTX Corp, and Leidos Holdings, as well as ETFs like iShares U.S. Aerospace & Defense ETF, Invesco Aerospace & Defense ETF, and SPDR S&P Aerospace & Defense ETF.

Portfolio Pulse from Natan Ponieman

October 30, 2023 | 11:26 pm

AMZN

GOOG

GOOGL

IBM

META

MSFT

NVDA

PATH

XLK

President Joe Biden signed an executive order on artificial intelligence (AI), leading to gains in tech companies such as Microsoft, Meta Platforms, Alphabet, Nvidia, and Amazon. The companies have committed to deploying AI safely. Alphabet and Amazon have invested in AI start-up Anthropic, while Meta Platforms plans to focus on AI in 2024. Apple is also investing in AI, and UiPath's earnings have been boosted by demand for its AI products. AI start-up Hugging Face secured funding from IBM, Alphabet, Amazon, Nvidia, AMD, Intel, and Qualcomm.

Portfolio Pulse from Khyathi Dalal

October 30, 2023 | 9:46 pm

AAPL

GLD

MCD

QQQ

SPY

USO

Investors are buying stocks due to no military response from Iran over the weekend, ignoring potential bad news on Apple. Reports suggest many Chinese are abandoning iPhones for Huawei’s Mate 60 Pro. Apple's largest supplier, Foxconn, is being targeted by China with tax audits and land use audits. The Bank of Japan's decision is awaited, with opinions ranging from no action to abandoning its yield curve control policy. Money flows are positive in several tech stocks and ETFs. Gold is over $2000, while oil is being sold due to no military action from Iran.

Portfolio Pulse from The Arora Report

October 30, 2023 | 9:30 pm

CURO

CURO Group Holdings has received a continued listing standard notice from the New York Stock Exchange (NYSE).

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 9:00 pm

BIOR

Biora Therapeutics, Inc. (NASDAQ:BIOR) has submitted an updated Investigational New Drug (IND) application for BT-600 to the U.S. Food and Drug Administration (FDA). The update includes additional clarifying information and provides additional time for regulatory review. The IND application for BT-600 includes extensive manufacturing, preclinical, human device function, and toxicology data to support a first-in-human clinical trial for BT-600, a drug/device combination designed to use Biora's NaviCap™ ingestible drug delivery device with a proprietary liquid formulation of tofacitinib for the treatment of moderate to severe ulcerative colitis.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 8:57 pm