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BABA

BIDU

MSFT

OpenAI's decision to end access to its AI development tools in China is expected to reshape the AI sector, benefiting local companies like Baidu and Alibaba. This move highlights growing US-China tech tensions and may disadvantage smaller startups reliant on OpenAI's tools.

Portfolio Pulse from Shivani Kumaresan

June 26, 2024 | 1:33 pm

CWBHF

WMT

Charlotte’s Web Holdings, Inc. announced that its hemp-derived CBD wellness products are now available at 827 Walmart stores across five states. This move expands Charlotte’s Web's retail presence and offers affordable CBD topicals to Walmart customers. Despite this, Charlotte’s Web's shares fell by 5.53%, while Walmart's shares saw a minor decline of 0.16%.

Portfolio Pulse from Jelena Martinovic

June 26, 2024 | 1:31 pm

AFRM

PYPL

Afterpay's research indicates that 4 in 5 'Buy Now, Pay Later' (BNPL) customers find the pay-in-four model reduces financial stress. Over 75% of users say BNPL eases financial strain during purchases and installments. The study highlights increased financial stress among Americans, particularly Millennials and Gen Z, who are preparing for major life changes.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 1:30 pm

BBY

GME

IJH

GameStop Corp (NYSE:GME) is facing challenges in its core business but is leveraging its large cash reserves to earn interest, resembling a bank. Despite a significant drop in stock value, its enterprise value is more than double that of Best Buy Co (NYSE:BBY). GameStop's cash reserves could sustain it for a decade, and investing in U.S. treasuries could yield significant interest income. Investors can also gain exposure to GameStop via iShares Core S&P Mid-Cap ETF (NYSE:IJH) and Vanguard Small-Cap ETF (NYSE:VB).

Portfolio Pulse from Anusuya Lahiri

June 26, 2024 | 1:28 pm

LCID

RIVN

STLA

TSLA

J.D. Power projects June new-vehicle sales to be between 1.27M and 1.34M units. Dealer software outages disrupted sales, but a rapid recovery is expected in July.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 1:26 pm

BTOG

Bit Origin has announced a collaboration with Aethir, a leading distributed GPU cloud provider. Aethir has secured nearly $150 million in funding and completed the generation of its $ATH token. The strategic partnership aims to enhance AI and crypto capabilities, with Bit Origin deploying Aethir devices in Singapore and Malaysia, driving growth for both companies.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 1:18 pm

GDRX

GoodRx has launched a Prescription Cost Tracker to tackle issues of prescription affordability and price transparency. The tool highlights high medication costs, reduced insurance coverage, and increased friction as key factors. Consumers paid $21 billion out-of-pocket in 2024, averaging $16.26 per prescription.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 1:17 pm

CMTL

Comtech has been awarded a contract to deliver Next Generation 9-1-1 services for the North Central Texas Emergency Communications District. The contract includes a five-year base award with three two-year options, totaling up to $30 million.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 1:16 pm

KDLY

KindlyMD, Inc. (NASDAQ: KDLY) has successfully registered on SAM.gov and submitted its first grant application for the USDA Rural Utilities Service Distance Learning and Telemedicine Grant Program. This registration opens up numerous federal funding opportunities for the company.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 1:11 pm

UGRO

urban-gro has signed approximately $12 million in new contracts within the cannabis sector during Q2.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 1:10 pm