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GM

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California’s Department of Motor Vehicles (DMV) has instructed General Motors Co’s (NYSE:GM) Cruise to withdraw 50% of its operating vehicles off roads after one of its autonomous cars crashed with an emergency vehicle. The DMV is investigating 'recent concerning incidents' involving Cruise vehicles in San Francisco. Alphabet Inc‘s (NASDAQ:GOOG) (NASDAQ:GOOGL) autonomous driving tech unit Waymo and Cruise received a driverless deployment permit for 24×7 fared operation in San Francisco from the California Public Utilities Commission on Aug. 10.

Portfolio Pulse from Anan Ashraf

August 21, 2023 | 2:46 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies experienced mixed trading following market turmoil. A court decision regarding the dispute between Grayscale and U.S. regulators, which could have positively impacted Bitcoin's price, did not materialize. Bitcoin's price fell by approximately 11% last week, marking its worst weekly return since November. The global crypto market capitalization stands at $1.06 trillion, a 0.47% increase in the last day. Analysts suggest that Bitcoin ETF rulings could impact the market, and some traders are nervous about potential negative outcomes.

Portfolio Pulse from Mehab Qureshi

August 21, 2023 | 2:40 am

ITT

Ecuador is facing a surge in crime and political violence ahead of its presidential elections, with concerns about the future of democracy. The country, which is a major oil producer in South America, has seen its crude exports to the U.S. drop significantly. A referendum will also be held on whether to protect the Yasuní National Park, where the Ecuadorian state oil company and ITT Inc. (NYSE:ITT) have ongoing oil projects.

Portfolio Pulse from Maureen Meehan

August 20, 2023 | 7:21 pm

MSFT

This week in AI news, a Dogecoin artist shared AI-generated images of Elon Musk and Mark Zuckerberg, sparking attention on social media. Despite the rise of AI, creative writing remains a highly in-demand freelance job, with AI tools like Microsoft's ChatGPT being used by writers. Microsoft CEO, Satya Nadella, compared the impact of AI to the internet revolution of 1995. A study revealed that bots are becoming more adept at solving advanced CAPTCHAs, and deep fakes are being considered a national security concern by Democrats in Washington, D.C.

Portfolio Pulse from Benzinga Neuro

August 20, 2023 | 5:00 pm

BTCUSD

Tom Lee, managing partner at Fundstrat Global Advisors, believes that the approval of a spot Bitcoin exchange-traded fund (ETF) by the U.S. Securities and Exchange Commission (SEC) could trigger Bitcoin's price to explode by more than 450%. He estimates the clearing price of Bitcoin could reach over $150,000, potentially even $180,000. At the time of the interview, Bitcoin was trading at $25,955.20.

Portfolio Pulse from Bibhu Pattnaik

August 19, 2023 | 2:34 pm

IMCC

Israeli police have seized 137,550 cannabis plants in one of the largest operations in the country's history. The operation, which lasted three days, involved raids on 169 greenhouses in the Negev desert region and 160 greenhouses in an IDF firing range. The seized cannabis is estimated to be worth hundreds of millions of shekels. The operation is seen as a significant blow to criminals who could have used the proceeds to finance their activities. The news comes as Israel, a major player in cannabis production and research, announced a comprehensive reform of its medical marijuana regulations.

Portfolio Pulse from Maureen Meehan

August 19, 2023 | 1:30 pm

GOOG

GOOGL

META

The Canadian government has urged Meta Platforms Inc. to lift its ban on domestic news sharing to aid in wildfire information dissemination. The ban was implemented in response to a new law requiring internet giants to compensate for news articles. The Canadian government has criticized Meta's decision as reckless and has called for the reinstatement of news sharing. Meta and Alphabet Inc. had previously decided to remove links to Canadian news sites in response to the Online News Act.

Portfolio Pulse from Benzinga Neuro

August 19, 2023 | 2:43 am

ACRHF

CURLF

GTBIF

A New York judge has blocked the state from issuing new marijuana dispensary licenses, following a lawsuit by a group of service-disabled veterans. The injunction does not affect businesses already operating dispensaries or those that have met all licensing requirements by August 7th. However, it prevents the issuance of new licenses until the lawsuit is resolved. This could delay the opening of new dispensaries and impact businesses awarded licenses under the Conditional Adult-Use Retail Dispensary (CAURD) retail licensing program. The lawsuit includes at least four large marijuana companies, Acreage Holdings (ACRHF), Curaleaf Holdings (CURLF), Green Thumb Industries (GTBIF), and PharmaCann.

Portfolio Pulse from Maureen Meehan

August 18, 2023 | 11:12 pm

VRNOF

The medical cannabis licensing process in Alabama has been halted due to a temporary restraining order initiated by Montgomery Circuit Judge James Anderson. The order follows a lawsuit by Alabama medical cannabis businesses, including Alabama Always LLC, against the state regulator for a faulty licensing process. Verano Holdings Corp. (OTC:VRNOF), which initially secured a license in June, lost its chance to get a share of the state market in the second round of license issuing.

Portfolio Pulse from Jelena Martinovic

August 18, 2023 | 8:54 pm

NBIX

Neurocrine Biosciences, Inc. (NASDAQ:NBIX) has announced that the U.S. Food and Drug Administration (FDA) has approved INGREZZA capsules for the treatment of adults with chorea associated with Huntington's disease. The approval is supported by data from two clinical studies, including the KINECT-HD Phase 3 study and the ongoing KINECT-HD2 open-label extension trial. The drug demonstrated a three-times greater improvement in chorea severity compared to placebo.

Portfolio Pulse from Happy Mohamed

August 18, 2023 | 8:36 pm