Streetbeat News

Regulatory

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U.S. Senator Ted Cruz has expressed opposition to the expiration of the moratorium on commercial spaceflight safety regulations, suggesting it should be extended. This could potentially impact companies involved in commercial spaceflight.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2023 | 5:11 pm

MSFT

The global Artificial Intelligence (AI) market is expected to grow from $387 billion in 2022 to $1.39 trillion by 2029. Microsoft Corp. has invested $10 billion for a 49% stake in ChatGPT, indicating the potential of AI across various industries, including the cannabis industry. AI can help in precision cultivation, tailored consumer experience, enhanced quality control, and building a robust digital footprint in the cannabis industry. However, challenges such as data privacy, regulatory hurdles, and high initial investment could pose difficulties.

Portfolio Pulse from Joana Scopel

September 13, 2023 | 5:10 pm

GOOG

IBM

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NVDA

TSLA

U.S. Senator Sullivan has expressed that there is a disagreement on whether Artificial Intelligence (AI) should be open source or not. The decision could impact tech companies that are heavily invested in AI.

Portfolio Pulse from Charles Gross

September 13, 2023 | 4:54 pm

GOOG

IBM

MSFT

NVDA

TSLA

Elon Musk, CEO of Tesla, has stated that he believes a regulatory agency for artificial intelligence (AI) is likely to be established in the future. This could potentially impact companies involved in AI development.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2023 | 4:46 pm

KRE

MS

XLF

ZION

Wall Street trade associations are urging U.S. regulators to reconsider their proposed bank capital rules. The groups argue that the rules could potentially stifle competition and impede their competitive standing. The Financial Select Sector SPDR Fund (XLF) was 0.2% higher, Morgan Stanley (MS) was up 2.3%, while the SPDR Regional Banking ETF (KRE) fell 1.2%, with Zions Bancorporation (ZION) underperforming within the industry.

Portfolio Pulse from Piero Cingari

September 13, 2023 | 4:41 pm

AWH

Aspira Women's Health has regained Nasdaq compliance, leading to a rise in its share prices.

Portfolio Pulse from Bill Haddad

September 13, 2023 | 4:36 pm

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GOOGL

IBM

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MSFT

NVDA

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TSLA

Elon Musk, CEO of Tesla, stated that every senator at a meeting raised their hands in favor of AI regulation. This could potentially impact companies heavily involved in AI development.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2023 | 4:36 pm

SPY

Republican Senators have introduced a bill to raise the federal minimum wage to $11. This could potentially impact businesses with a large number of minimum wage employees.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2023 | 4:34 pm

SPY

U.S. Senator Bennett has expressed the need for Washington to be involved in setting global standards for AI after a meeting. This could potentially impact the technology sector and related ETFs.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2023 | 4:33 pm

TSLA

Elon Musk, CEO of Tesla, has reportedly conveyed to senators at an AI meeting in Washington that it is crucial to have a referee. The details of the meeting or the context of Musk's statement are not provided.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2023 | 4:32 pm