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Astellas Pharma has licensed gene therapy KT430 from Kate Therapeutics for X-linked myotubular myopathy (XLMTM), a rare muscle disorder. This follows safety issues with Astellas' AT132 gene therapy, which led to a clinical hold from the FDA. Kate Therapeutics has also raised $51 million in a Series A financing round.

Portfolio Pulse from Vandana Singh

June 08, 2023 | 4:10 pm

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Morgan Stanley and JPMorgan are reviewing their ties with Odey Asset Management amid sexual assault allegations against Crispin Odey. Morgan Stanley has begun terminating its prime broking relationship with Odey, while JPMorgan is also reviewing its relationship.

Portfolio Pulse from Vandana Singh

June 08, 2023 | 4:08 pm

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Adobe has launched generative AI offerings Adobe Firefly and Adobe Express for enterprises at Adobe Summit EMEA 2023. The tools will cater to the growing demand for digital content creation and help optimize costs. Brands such as Dentsu Group, IBM, and Mattel are already exploring Firefly's potential to drive efficiencies and reduce costs.

Portfolio Pulse from Nabaparna Bhattacharya

June 08, 2023 | 4:05 pm

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Affirm Holdings shares are trading higher due to continued upward momentum after Amazon added Affirm's Adaptive Checkout as a payment option at checkout.

Portfolio Pulse from Benzinga Newsdesk

June 08, 2023 | 3:57 pm

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BetMGM, owned by MGM Resorts International and Entain Plc, has launched its mobile sports betting app in Puerto Rico in partnership with Casino del Mar at La Concha Resort. This marks the second market outside the U.S. mainland for BetMGM's app. The app offers a user-friendly experience for Puerto Rico residents to place various types of wagers.

Portfolio Pulse from Shivani Kumaresan

June 08, 2023 | 3:44 pm

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Circle Internet Financial, issuer of USD Coin (CRYPTO: USDC), has hired former CFTC Chair Heath Tarbert as its chief legal officer and head of corporate affairs. Tarbert's experience and connections are expected to help Circle navigate the challenging regulatory environment for cryptocurrencies in the United States.

Portfolio Pulse from Murtuza Merchant

June 08, 2023 | 3:33 pm

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Ameresco Inc's joint venture with Atura Power has been selected by the Independent Electricity System Operator (IESO) in Canada to build a 250 MW, 1,000 MWh battery energy storage system. The project will be completed under a joint venture named Napanee BESS Inc, which will enter into a 20-year capacity agreement with IESO.

Portfolio Pulse from Akanksha Bakshi

June 08, 2023 | 3:18 pm

Kim Kardashian and former Carlyle Group executive Jay Sammons have launched a private equity fund called Skky Partners, focusing on consumer brands. The fund aims to invest in 10-12 ventures in consumer and media industries, with equity ranging from $100 million to $500 million per investment.

Portfolio Pulse from Vandana Singh

June 08, 2023 | 3:11 pm

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Amazon stock is up as the company explores an ad-supported Prime Video streaming service tier and discusses adding ad-based tiers of Warner Bros. Discovery and Paramount Global's streaming services. Analysts re-rated the stock, with Wells Fargo initiating coverage with an Overweight rating and a price target of $159, and UBS raising the price target from $130 to $150.

Portfolio Pulse from Anusuya Lahiri

June 08, 2023 | 2:57 pm

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The European Union has approved €8 billion in public funds for semiconductor research projects, backed by €13.7 billion in private funding. Companies like Intel, Infineon Technologies, STMicroelectronics, GlobalFoundries, and Wolfspeed have invested in the projects, while Taiwan Semiconductor Manufacturing Company is considering building a production site in Germany.

Portfolio Pulse from Anusuya Lahiri

June 08, 2023 | 2:54 pm