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BHIL

Benson Hill announces a transition to a licensing model, expecting lower revenues and costs but higher margins over time, aiming to improve earnings quality.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 11:15 am

MRSN

Mersana Therapeutics has announced that its current capital resources are expected to support its operating plan commitments into 2026. This projection suggests a stable financial outlook for the company, indicating that it has sufficient funds to maintain its operations and development plans for the next few years without the immediate need for additional capital raising.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 11:11 am

VYX

James Kelly has been appointed as the Executive Chair of NCR Voyix, effective immediately, transitioning from his role as Independent Chair.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 10:42 am

MSFT

OpenAI CEO Sam Altman expressed concerns about AI's potential to cause economic upheaval through job displacement and broader socioeconomic changes. Despite the lack of a noticeable economic impact from GPT-4, Altman warns that failing to address AI's implications could have massive consequences. His views reflect a broader concern among tech leaders about AI and job displacement, with studies and experts highlighting the increasing adoption of AI in workplaces and its potential to impact up to 40% of global jobs.

Portfolio Pulse from Rounak Jain

May 09, 2024 | 10:37 am

AUPH

Aurinia Pharmaceuticals presented two studies at the Annual Congress of Clinical Rheumatology, reinforcing the safety and effectiveness of LUPKYNIS (voclosporin) in treating adult patients with active lupus nephritis (LN) in combination with MMF and steroids, as demonstrated in the AURORA Clinical Program.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 10:13 am

TSLA

Tesla Inc (NASDAQ:TSLA) CEO Elon Musk announced that Cybertruck customers will have to wait a few more months for the full self-driving (FSD) software due to the company's focus on deploying FSD across the other 99% of its fleet. The Cybertruck, which began deliveries in November last year, has seen 2,803 units delivered in the first quarter. Musk previously stated the Cybertruck is the lowest priority for FSD software implementation due to its limited number on the roads compared to other Tesla models.

Portfolio Pulse from Anan Ashraf

May 09, 2024 | 10:07 am

CSIQ

Canadian Solar, a leading global solar power company, has announced the appointment of Xinbo Zhu as its new Senior Vice President and Chief Financial Officer (CFO), effective May 15, 2024. Zhu's extensive experience in the solar power industry and previous roles in finance and management are expected to bring valuable insights and leadership to Canadian Solar as it continues to expand its global operations.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 10:04 am

CRSR

CORSAIR is in exclusive negotiations to acquire Fanatec, a leading sim racing hardware brand, from Endor. CORSAIR has agreed to fund Endor's short-term cash needs and negotiate a restructuring of Endor's approximately €70 million debt, aiming for acquisition. CORSAIR's CEO, Andy Paul, believes this acquisition will alleviate Endor's debt burden and foster growth and product expansion for Fanatec.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 8:56 am

AIXI

Xiao-I has entered into a strategic partnership with a leading Hong Kong insurance company to integrate its AI products, iRobot and iVoice, into the insurer's customer service operations. This move aims to revolutionize customer interactions by enhancing efficiency and personalization.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 8:26 am

META

Elon Musk criticized Meta Platforms Inc. (NASDAQ:META) after it was fined $37.2 million by Turkey's competition board for its data sharing practices. The fine resulted from investigations into Meta's data-sharing between Facebook, Instagram, WhatsApp, and Threads. Musk's comments highlight ongoing concerns over Meta's data privacy practices.

Portfolio Pulse from Rounak Jain

May 09, 2024 | 8:14 am