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Corporate Responsibility

PYXS

Pyxis Oncology announced the appointment of Ken Kobayashi as Chief Medical Officer, effective November 27, 2023. This strategic hire could strengthen the company's leadership as it advances its oncology pipeline.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 12:34 pm

PDSB

PDS Biotech has announced the appointment of Lars Boesgaard as its new Chief Financial Officer. Boesgaard brings extensive experience in finance and operations, which is expected to strengthen PDS Biotech's financial leadership as the company continues to grow.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 12:32 pm

OPK

BioReference Health and Prognos Health have announced a collaboration to enhance precision medicine and testing. This partnership aims to improve patient outcomes by integrating laboratory diagnostics with analytics and technology. The collaboration is expected to leverage BioReference's extensive test menu and Prognos' AI-powered analytics platform to provide insights that can inform treatment decisions. OPKO Health, Inc. (OPK), the parent company of BioReference, may benefit from this partnership through potential growth in its diagnostic services segment.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 12:16 pm

AAL

Graphyte, a company specializing in carbon removal, has signed its first purchase agreement with American Airlines for the removal of 10,000 tons of carbon dioxide. This deal marks a significant step for Graphyte in the carbon offset market and demonstrates American Airlines' commitment to reducing its carbon footprint.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 12:11 pm

BABA

Alibaba Group Holding Limited (NYSE:BABA) stock is trading lower after reports of a second outage in its cloud unit within a month. The disruption affected customers in China, Hong Kong, and the U.S., impacting various database management products. The company, which holds a significant market share in China's cloud market, also faced a similar issue in November. Concerns over the reliability of Alibaba Cloud's services have been raised. Additionally, Alibaba halted plans to spin off its cloud business and closed its quantum computing lab, signaling cost-cutting efforts. BABA shares are down 16.1% YTD and dropped 1.0% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

November 28, 2023 | 12:00 pm

TU

TELUS released its 5th annual Indigenous Reconciliation & Connectivity Report, highlighting progress on reconciliation commitments and a new goal to integrate Indigenous perspectives into its AI strategy. The report includes artwork by Indigenous artists and stories of Indigenous Peoples leveraging TELUS' connectivity for community benefits.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 11:48 am

UXIN

Uxin Ltd (NASDAQ:UXIN), a Chinese used car retailer, reported a 42.5% Y/Y decline in Q2 FY24 sales to $48.8 million and a 35.8% decrease in transaction volume. The adjusted loss per ADS was $(0.01). Despite the decline, the gross margin improved to 6.2% from 1.3% Y/Y. The company aims for EBITDA profitability at the superstore level by March 2024 and overall company profitability by September 2024. Q1 revenue also fell by 53.8% Y/Y to $39.9 million. Uxin anticipates Q3 revenue between RMB 410 million to RMB 430 million. The stock is down 61.2% YTD but traded 2.15% higher premarket.

Portfolio Pulse from Anusuya Lahiri

November 28, 2023 | 11:23 am

ARGX

CLCO

EW

HKD

MOR

PATH

ZS

Zscaler, Inc. (NASDAQ:ZS) reported positive Q1 results and provided strong FY24 guidance, appointing new chief revenue officer and president of global sales, Mike Rich, and chief marketing officer, Joyce Kim. Despite this, Zscaler shares dropped 6.3% in pre-market trading. Other stocks experiencing pre-market losses include argenx SE (NASDAQ:ARGX), Cool Company Ltd. (NYSE:CLCO), AMTD Digital Inc. (NYSE:HKD), MorphoSys AG (NASDAQ:MOR), Edwards Lifesciences Corporation (NYSE:EW), and UiPath Inc. (NYSE:PATH).

Portfolio Pulse from Lisa Levin

November 28, 2023 | 10:47 am

COIN

Coinbase CEO Brian Armstrong commented on Binance's $4.3 billion settlement with the U.S. federal government, suggesting that the era of crypto companies skirting regulation is over. Armstrong believes this enforcement action against Binance allows Coinbase to potentially become the leading crypto exchange. Despite facing its own lawsuit by the SEC, Armstrong is confident about Coinbase's regulatory compliance. He also highlighted the growing institutional interest in crypto and the potential impact of spot Bitcoin ETF approvals on the influx of capital into the crypto market.

Portfolio Pulse from Mehab Qureshi

November 28, 2023 | 10:25 am

AMZN

Amazon Web Services (AWS) introduced Amazon One Enterprise, a palm-based identity service for enhanced security in organizations. It offers contactless authentication for physical and digital assets, aiming to replace traditional methods like badges and PINs. The service simplifies management for IT and security administrators and is already being used by customers such as Boon Edam, IHG Hotels and Resorts, Paznic, and KONE. Amazon's palm-scanning technology, initially for grocery stores, is now targeting the business sector.

Portfolio Pulse from Anusuya Lahiri

November 28, 2023 | 10:11 am