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The UK's Competition and Markets Authority has approved Microsoft's $69B acquisition of Activision Blizzard. Google is testing generative AI functionalities for its search tool. Cassava Sciences faces controversy over scientific misconduct allegations. Ford is struggling with UAW negotiations. EHang shares are trading higher after obtaining a certificate for its EH216-S UAV system. OpenAI is valued at $90B and is close to selling shares. TSMC is seeking permanent US approval for chip supplies. Netflix plans to launch 'Netflix House' experiences. The Kroger-Albertsons deal faces potential legal challenges. Boeing and Spirit AeroSystems are inspecting 737 Max aircraft defects. Wells Fargo, JPMorgan, Citigroup, BlackRock, and UnitedHealth reported Q3 earnings. Porsche records a 10% surge in deliveries for the first three quarters.

Portfolio Pulse from Vandana Singh

October 13, 2023 | 1:48 pm

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Comtech Telecommunications shares are trading higher by around 17%. Tesla's market share dips despite US EV sales climbing. Crypto market faces uncertainty due to 'Friday the 13th'. Ripple's Brendan Berry is using crypto to revolutionize cross-border payments. SEC may greenlight a spot Bitcoin ETF. Apple faces a class action lawsuit over AirTags. Kroger-Albertsons deal may face legal challenge in California. Boeing and Spirit AeroSystems accelerate inspection of 737 Max aircraft defect. Truist Financial charts a recovery path after 43% stock decline since its February peak. Alzheimer's-focused Cassava Sciences faces controversy as key collaborator accused of scientific misconduct.

Portfolio Pulse from Akanksha Bakshi

October 13, 2023 | 1:32 pm

SAVA

Cassava Sciences' shares are trading lower following a report by the City University of New York that implicated a long-time collaborator of the company in scientific misconduct related to 20 research papers.

Portfolio Pulse from Bill Haddad

October 13, 2023 | 12:27 pm

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InMode Ltd. (INMD) has filed a patent infringement complaint against BTL Industries, alleging that BTL's UltraFemme 360 and EmFemme 360 products infringe on InMode's U.S. Patent No. 8,961,511. InMode's management team views its intellectual property portfolio as a key component of its strategy to grow shareholder value.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 12:03 pm

Shares of JD.Com, Inc. (NASDAQ:JD) are trading lower following rumors of the arrest of a businessman with the same surname as the company's chairman. The company has filed a police report regarding the rumor. The stock's decline also reflects concerns about China's slow consumer spending and the company's growth prospects amid a sluggish macro environment in China. Multiple analysts have cut their outlook on the stock.

Portfolio Pulse from Nabaparna Bhattacharya

October 13, 2023 | 11:42 am

SAVA

Cassava Sciences Inc (NASDAQ:SAVA) is facing controversy as a recent investigation by the City University of New York (CUNY) has implicated neuroscientist Hoau-Yan Wang, a long-time collaborator of Cassava, in scientific misconduct related to 20 research papers. These papers were crucial in advancing simufilam, the company's lead Alzheimer's program. The investigation could not definitively prove its suspicions as Dr. Wang did not provide the original raw data. Last year, the U.S. Justice Department opened a criminal investigation into Cassava Sciences on whether it manipulated research results for its investigational Alzheimer's drug.

Portfolio Pulse from Vandana Singh

October 13, 2023 | 11:39 am

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Apple Inc. is facing a class action lawsuit alleging that its AirTags are being misused by stalkers due to their accuracy, ease of use, and affordability. The lawsuit claims that the AirTags have been used in multiple stalking incidents, some of which have led to murders. Apple has implemented an alert system to notify people of unidentified AirTags following them, but the system does not allow victims to take any action. Alphabet Inc.'s Google has launched a feature for Android users to detect unknown trackers.

Portfolio Pulse from Rounak Jain

October 13, 2023 | 10:40 am

SAVA

Cassava Sciences has issued a statement regarding a leaked internal report from the City University of New York (CUNY). The company states that there were no findings of data manipulation in the report.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 7:02 am

SAVA

Shares of Cassava Sciences have plummeted following a report by 'Science' that a co-developer of Cassava's potential Alzheimer's drug has been cited for 'egregious misconduct'.

Portfolio Pulse from Charles Gross

October 12, 2023 | 9:30 pm

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Weldon Angelos, who was sentenced to 55 years in prison for a cannabis offense, is advocating for criminal justice reform. After founding the Weldon Project, he worked on changing the law, leading to the passing of the First Step Act in 2018. He also launched the Mission Green Initiative to change cannabis policies at the federal level. Cannabis companies like Verano Holdings Corp., TerrAscend Corp., and Curaleaf Holdings, Inc. have supported Angelos' mission.

Portfolio Pulse from Jelena Martinovic

October 12, 2023 | 8:54 pm