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OpenAI, backed by Microsoft Corp (NASDAQ:MSFT), is reportedly paying its engineers an average of $925,000 per year, outpacing salaries at tech giants like Apple Inc (NASDAQ:AAPL) and Alphabet Inc (NASDAQ:GOOG)(NASDAQ:GOOGL). The high salaries are driven by the growing demand for AI roles. OpenAI's valuation has also been increasing, recently reaching close to $80 billion.

Portfolio Pulse from Adam Eckert

November 07, 2023 | 7:55 pm

DWAC

SPY

Shares of Digital World Acquisition Corp (DWAC) moved higher after a poll showed former President Trump leading in key states. The White House responded by advising to take such polls with a grain of salt.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 7:54 pm

CCJ

Trading of Cameco Corporation's shares has been halted due to pending code news.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 7:50 pm

TBLA

Benchmark analyst Mark Zgutowicz has reiterated a Buy rating on Taboola.Com Ltd. (NASDAQ:TBLA) with a price target of $6. The company is set to release its Q3 results on November 8. Zgutowicz is particularly interested in updates on Yahoo! advertiser migration, core platform yield visibility, commerce-driven revenue expectations, and the financial impact of the Middle East conflict. He also expects to gain insight into customer concentration and the financial impact of likely regional ad campaign pauses. The analyst expects revenues of $338.4 million, with EBITDA of $(16.4) million for the quarter.

Portfolio Pulse from Nabaparna Bhattacharya

November 07, 2023 | 7:49 pm

WBD

Benchmark analyst Matthew Harrigan reiterated a Buy rating on Warner Bros. Discovery, Inc (NASDAQ:WBD) and lowered the price target from $26 to $24. Harrigan is confident of WBD’s current stock price level, which severely discounts the value of WBD’s global franchises, especially the studio and HBO. The analyst projects Q3 revenue of $9.96 billion versus the consensus of $10.04 billion.

Portfolio Pulse from Anusuya Lahiri

November 07, 2023 | 7:45 pm

AXGN

Axogen, a medical technology company, reported mixed Q3 financial results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 7:40 pm

THAR

Tharimmune has entered into an exclusive worldwide licensing agreement with Avior to develop, market, and commercialize a clinical-stage asset, AV104. This has led to an increase in Tharimmune's share price.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 7:38 pm

OPRT

Oportun Financial reported mixed Q3 financial results, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 7:36 pm

PXMD

PaxMedica has announced the publication of its Autism Spectrum Disorder Phase 2 study results in a peer-reviewed journal, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 7:34 pm

MSGE

Madison Square Garden Entertainment Corp (NYSE:MSGE) reported a Q1 FY24 revenue decline of 3% YoY to $142.2 million, beating the consensus of $117.2 million. The decrease in event-related revenues was due to fewer concerts held at the company's venues. MSGE reported an adjusted operating loss of $0.7 million compared to income of $11.5 million a year ago. The company reiterated its FY24 guidance and expects a low double-digit percentage increase in events in its bookings business for the fiscal year.

Portfolio Pulse from Anusuya Lahiri

November 07, 2023 | 7:32 pm