Streetbeat News

Corporate Responsibility

DGX

Quest Diagnostics (NYSE:DGX) has been awarded a multi-year contract by the CDC to assess the hepatitis C virus burden in the U.S. This marks a new phase in a decade-long collaboration, where Quest will provide research consulting, laboratory testing, and data analytics services. The project involves HCV antibody and molecular RNA testing on HIPAA-de-identified 'remnant' specimens. The collaboration aims to inform public policy and improve care for individuals with hepatitis C. Quest's extensive experience in hepatitis testing and its large database of de-identified laboratory results will support this initiative.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 1:06 pm

CYN

Shares of Cyngn Inc. (NASDAQ:CYN) surged after the company announced a new patent for its autonomous vehicle technology. The patent, US-11,837,089-B2, covers a modular extensible behavioral decision system that integrates environmental factors for AV decision-making. Cyngn's DriveMod solutions aim to provide advanced automation with humanlike driving capabilities across various vehicle types without the need for infrastructure changes. CEO Lior Tal emphasized the importance of protecting their intellectual property to maintain a competitive edge.

Portfolio Pulse from Nabaparna Bhattacharya

December 07, 2023 | 1:04 pm

TECK

Teck Resources has entered into an agreement with Oldendorff Carriers GmbH & Co. KG to implement wind propulsion technology in its supply chain, aiming to reduce CO2 emissions.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 12:54 pm

IESC

IES (IESC) has announced the promotion of Matthew Simmes to the role of President and Chief Operating Officer. This executive change could signal a strategic shift or continuity in leadership, which may affect the company's operations and future direction.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 12:44 pm

GOOG

GOOGL

META

MSFT

Alphabet Inc.'s Google has announced Gemini, an AI model to compete with OpenAI's ChatGPT. Meanwhile, TikTok's parent company ByteDance is set to release a language model claimed to be more powerful than Gemini. Google's Gemini has outperformed GPT-4 and other models in benchmarks, but its Ultra version won't be available until 2024. ByteDance's upcoming model could intensify the AI competition.

Portfolio Pulse from Rounak Jain

December 07, 2023 | 12:42 pm

AAPL

GOOG

GOOGL

Apple Inc. (AAPL) has updated its Legal Process Guidelines to include data from push notifications in response to law enforcement requests. This change was prompted by concerns raised by Senator Ron Wyden about governments using notification data for surveillance. The guidelines now outline how Apple must provide Apple ID information associated with its notification service when legally ordered. Alphabet Inc. (GOOG, GOOGL) was also mentioned as having received similar requests from governments.

Portfolio Pulse from Benzinga Neuro

December 07, 2023 | 12:39 pm

AZN

BMY

The Biden administration is considering using 'march-in rights' to seize patents for high-cost medications developed with federal funding. A new framework by the Commerce Department will outline criteria for such actions, focusing on drug pricing and public accessibility. Pharmaceutical companies oppose this, claiming it's illegal and could hinder new drug development. AstraZeneca, Bristol Myers Squibb, and Boehringer Ingelheim, despite lawsuits against the administration's drug pricing policies, are open to Medicare price negotiations.

Portfolio Pulse from Vandana Singh

December 07, 2023 | 12:33 pm

CMPS

Compass Pathways has announced the appointment of Teri Loxam as the new Chief Financial Officer, effective from the beginning of March 2024.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 12:25 pm

F

TSLA

Tesla Inc (TSLA) has shared a guide on 48-volt vehicle architecture with Ford Motor Co (F) and other rivals, confirmed by Ford CEO Jim Farley. Initially thought to be a joke, the document provides detailed information on implementing the technology, which is used in Tesla's Cybertruck for benefits like faster charging and steer-by-wire capabilities. Farley thanked Tesla CEO Elon Musk for the contribution to the industry.

Portfolio Pulse from Anan Ashraf

December 07, 2023 | 12:22 pm

TM

Toyota Motor North America is expanding its battery recycling network through a collaboration with Cirba Solutions. This initiative is part of Toyota's commitment to sustainability and environmental responsibility, focusing on the lifecycle of batteries used in its vehicles. The partnership aims to enhance the recycling process and reduce the environmental impact of battery disposal.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 12:20 pm