Streetbeat News

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FXI

MSFT

SPY

A bipartisan group of US senators plans to introduce a bill aimed at boosting the country's AI capabilities to keep up with China. The bill will focus on research, development, and deployment of AI technologies.

Portfolio Pulse from Charles Gross

June 08, 2023 | 11:23 am

AMZN

DIS

GOOG

GOOGL

META

NFLX

PARA

WBD

Amazon is considering launching an ad-supported Prime Video tier to expand its ad business and generate more entertainment revenue. The move could inspire other streaming platforms like Netflix and Disney to follow suit. Amazon is also in talks with Warner Bros. Discovery and Paramount Global to add ad-based tiers of their streaming services through Prime Video Channels.

Portfolio Pulse from Anusuya Lahiri

June 08, 2023 | 11:09 am

NSTG

Acrobat Genomics, Nanostring Technologies (NSTG), and the Illumina Accelerator have announced a collaboration with Stanford Medicine to discover new drug targets for gene editing-based therapeutics using GeoMx Digital Spatial Profiling Technology. The partnership aims to improve treatment options for patients suffering from interstitial lung diseases, such as idiopathic pulmonary fibrosis.

Portfolio Pulse from Benzinga Newsdesk

June 08, 2023 | 11:07 am

TSLA

Tesla is considering building a car factory in Spain, according to Cinco Dias. The electric vehicle manufacturer is reportedly in negotiations to establish a production facility in Valencia.

Portfolio Pulse from Charles Gross

June 08, 2023 | 10:53 am

FXI

LCID

Lucid Motors plans to sell imported cars in China and is considering local production, according to a person familiar with the matter.

Portfolio Pulse from Charles Gross

June 08, 2023 | 10:46 am

KZIA

Kazia Therapeutics (NASDAQ:KZIA) is supporting the University of Sydney in a phase II clinical study to investigate paxalisib in patients with recurrent/progressive IDH-mutant grade 2 and 3 glioma. The study, LUMOS2, will be sponsored by the University of Sydney and coordinated by NHMRC Clinical Trials Centre.

Portfolio Pulse from Charles Gross

June 08, 2023 | 9:23 am

IPHA

SNY

The FDA has granted Fast Track designation to Innate Pharma and Sanofi's partnered SAR'579 / IPH6101 for the treatment of hematological malignancies. This accelerates the development and review process for the drug.

Portfolio Pulse from Benzinga Newsdesk

June 08, 2023 | 8:25 am

DIS

Disney Star, a subsidiary of Walt Disney Co (NYSE:DIS), licensed the TV broadcasting rights for International Cricket Council Men's and U-19 global events to Zee for the 2024-27 cycle. However, progress has stalled due to a proposed merger between Zee and Sony and the lack of a bank guarantee from Zee.

Portfolio Pulse from Shomik Sen Bhattacharjee

June 08, 2023 | 6:49 am

LCID

NIO

Lucid Group has hired auto industry veteran Zhu Jiang to head its operations in China, signaling its interest in the competitive Chinese market. Jiang has experience working with Nio, Ford China, and Baidu's Jidu Auto. Lucid hinted at entering China by 2023 and building a factory there by mid-decade.

Portfolio Pulse from Shanthi Rexaline

June 08, 2023 | 5:30 am

AMZN

Amazon's Jeff Bezos congratulated United Launch Alliance (ULA) on the successful flight readiness firing of its Vulcan Rocket. Amazon plans to launch the first two prototype satellites of its Project Kuiper on the maiden flight of ULA's Vulcan Centaur rocket, which aims to launch this summer.

Portfolio Pulse from Anan Ashraf

June 08, 2023 | 2:24 am