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CRRFY

PEP

Carrefour SA (OTC:CRRFY) and PepsiCo Inc (NASDAQ:PEP) have resolved their three-month dispute over grocery prices, leading to the restocking of PepsiCo products, including Cheetos, in Carrefour stores in France. Negotiations for returns in four other countries are ongoing. The disagreement began in early January when Carrefour stopped carrying PepsiCo products due to unacceptable price increases. This dispute affected about 10,000 Carrefour stores across Europe, with these stores accounting for approximately 0.27% of PepsiCo's global revenue.

Portfolio Pulse from Shivani Kumaresan

April 04, 2024 | 1:39 pm

DIS

In a CNBC interview, Disney CEO Bob Iger stated that the recent proxy vote was decisive and serves as a true endorsement of the board. This indicates strong shareholder support for the current leadership and strategic direction of the company.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 1:38 pm

DIS

In a CNBC interview, Disney CEO Bob Iger discussed the opportunity he had to outline the company's priorities to shareholders, emphasizing strategic focus areas.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 1:37 pm

ABUS

MRNA

Moderna Inc's stock fell by 2.32% due to a patent dispute with Arbutus Biopharma over mRNA technology used in its COVID vaccine. Despite a 36.54% decline over the past year, the stock showed some recovery with a 7.6% increase in the past month. Moderna faces challenges from declining COVID-19 vaccine demand but anticipates revenue growth in 2024 with a strong product pipeline. The company's stock may be nearing a Golden Cross, indicating potential upward momentum.

Portfolio Pulse from Surbhi Jain

April 04, 2024 | 1:34 pm

UBER

Uber Technologies Inc has partnered with The Vitamin Shoppe to offer health and wellness products on the Uber Eats app across the U.S. This partnership makes The Vitamin Shoppe Uber's first U.S. national nutritional supplement retailer available for on-demand and scheduled delivery. Uber One members will enjoy benefits such as a $0 delivery fee and up to 10% off on orders over $15. UBER shares saw a slight increase of 0.42% to $77.13.

Portfolio Pulse from Shivani Kumaresan

April 04, 2024 | 1:33 pm

ALLR

Allarity Therapeutics announced a 1-for-20 reverse stock split, leading to its shares trading higher.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 1:29 pm

AIQ

SPY

Goldman Sachs analysts predict the economic impact of AI is 'several years off', despite ongoing adoption and integration into work routines. Less than 5% of companies currently leverage AI significantly, with higher adoption rates in IT, professional services, and finance. The broad-based adoption of AI is expected to boost productivity and economic growth post-2027 in the U.S. and 2028 in other developed markets. AI-related job openings in the IT sector have increased, reflecting the technology's growing emphasis. Early adopters report a significant increase in labor productivity. The Global X Artificial Intelligence & Technology ETF (AIQ) has outperformed the broader market, evidenced by its 40% rise over the past year compared to the modest gains of the SPDR S&P 500 ETF Trust (SPY).

Portfolio Pulse from Piero Cingari

April 04, 2024 | 1:29 pm

ALUR

Allurion Technologies' shares surged following the announcement of its Virtual Care Suite's commercial availability in the US and a Buy rating with a $5 price target from Chardan Capital.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 1:29 pm

AAPL

CORN

DJT

NVDA

PAA

SNDL

TSLA

TSM

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 1:26 pm

GOOG

GOOGL

MSFT

Alphabet Inc's shares (GOOG, GOOGL) are trading lower after reports surfaced about the company considering charging for AI-powered search features. This would be a first for Google's core Search product. The potential premium service would include AI enhancements and possibly integrate with Google's existing subscription services. Despite the dip, Alphabet's stock has been viewed positively by analysts, with expectations of growth. Meanwhile, Microsoft Corp (MSFT) has already launched an AI-powered search tool, Copilot, over a year ago.

Portfolio Pulse from Adam Eckert

April 04, 2024 | 1:25 pm